Wednesday, 22 October 2014
Last updated 12 hours ago
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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...