Alternative Investment Strategies Launches Additional Share Class

Jan 23 2007 | 1:53pm ET

U.K.-based Alternative Investment Strategies Limited, a London Stock Exchange-listed fund of hedge funds, has launched an additional C-Class share to be completed in the first quarter of 2007.

This follows strong demand for the previous C Class share issue in May 2006, which was oversubscribed, reaching the maximum £85 million ($167.8 million) of equity, according to the firm.

AIS currently invests in 30 hedge fund managers across 9 different strategies, and over the last 10 years the fund of funds has achieved annualized returns of 10.13% and an annualized deviation of 3.98% as of the end of December.

Hoare Govett is acting as corporate broker to AIS and as sole placing agent in connection with the fundraising.

AIS was launched in December 1996 as the first fund of hedge funds to be listed on the
London Stock Exchange and is currently managed by International Asset Management, a specialist in multi-manager hedge funds since 1989. IAM was founded in 1989 and was acquired by ABN AMRO Asset Management last February.


In Depth

High Time For A Cannabis Hedge Fund?

Sep 30 2014 | 7:07am ET

Launching a hedge fund is always a gamble, but Leslie Bocskor's decision to launch...

Lifestyle

Griffin Donates $1M To Rauner's Illinois Gov. Campaign

Sep 22 2014 | 9:29am ET

Hedge fund billionaire Kenneth Griffin definitely has a dog in this fight. The Citadel...

Guest Contributor

Appraisal Ratio Key To Evaluating Hedge Funds And Other New Investments

Sep 29 2014 | 3:07pm ET

As a former finance professor Peter Hecht experiences heartburn every time he hears...

 

Videos

Editor's Note

    Must Attend Hedge Fund Charity Events For October

    Sep 30 2014 | 9:29am ET

    The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…

 

Futures Magazine

September 2014 Cover

High frequency market making

High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.