Thursday, 18 September 2014
Last updated 5 hours ago
Mar 10 2010 | 12:36pm ET
The Man Group’s flagship strategy may have suffered its first-ever annual loss last year, but AHL
“There is no reason to assume AHL is broken,” Bank of America Merrill Lynch told its clients. “Our view is that the current behavior of AHL is relatively typical of the strategy in a trendless market.”
AHL, which manages US$21.7 billion, los 16.9% in 2009. But that is “consistent with its historical record,” Merrill said. “And if history is a guide, it should deliver performance fees” by the end of next year, as it reaches and exceeds its high-water mark.
“As a trend develops, so AHL will increase risk, leading to greater returns.”
“Whilst there is nothing particularly enjoyable about AHL’s recent performance,” the investment bank said, “nor is there anything odd about it.”
Merrill affirmed its “buy” rating for Man, the largest publicly-traded hedge fund manager in the world.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
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