Sunday, 29 March 2015
Last updated 1 day ago
Jan 19 2007 | 5:33am ET
Attention hedge fund managers! Another hedge fund of funds has officially joined the billion-dollar club. U.K.-based FIM Advisers’s flagship low-volatility fund of funds, FIM Long-Invest, has broken $1 billion in assets as of Dec. 31, 2006.
The fund had a “very positive” 2006 despite difficult market conditions during the middle part of the year, according to the firm, which said that since inception 10 years ago, the fund has achieved 88% “up” months and only 17 “down” months.
Federico Ceretti, CEO, said, “10 years ago, when FIM Long-Invest was launched, we were convinced that the low volatility investment approach was the best way to optimize returns on a risk-adjusted basis. Today this belief has not changed, and we feel that FIM’s low volatility investment philosophy will continue to be highly rewarding for investors”.
FIM, which was established in 1981, specializes in the creation, management and servicing of portfolios of hedge funds for institutional and private clients. Today, the group manages and advises on some $2.6 billion of investments.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…