Friday, 31 July 2015
Last updated 7 hours ago
Jan 8 2010 | 3:34am ET
Legal & General Asset Management will roll out its third hedge fund this month after more than 18 months of being run internally.
The LGIM Global Fixed Income Fund is up almost 18% since inception in June 2008, Hedge Funds Review reports. The fund invests in a broad array of fixed-income products, without regional or strategic focuses. The Dublin-domiciled fund is managed by Richard Hodges, head of high-alpha fixed income, and Christophe Tamet, head of credit.
The fund currently manages just US$4 million, although L&G hopes to raise up to US$1 billion. The firm will focus on attracting funds of hedge funds and family offices, but it will also be marketed to private banks.
The dollar-denominated vehicle has a €250,000 minimum investment. It features monthly liquidity and charges 1.5% for management and 20% for performance.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…