Sunday, 28 December 2014
Last updated 48 min ago
Mar 19 2010 | 10:18am ET
Fund of hedge funds shop Olympia Capital Management has launched a new vehicle that is part fund of funds, part hedge fund index.
The Olympia Dynamic Fund will invest half of its assets like a of fund of funds, picking between five and 10 managers to manage accounts for it. But the other half of its assets will be placed with a hedge fund tracker, making it much more liquid than a normal fund of funds.
“Investors were unhappy that in 2008 some funds of funds were not dynamic enough and not fast enough in cutting risk,” Guido Bollinger, chief investment officer, told Financial News.
The $3 billion firm will choose among global macro, managed futures, event-driven, credit and equity long/short hedge funds for its managed accounts portfolio, depending on the market environment. It will also be able to short the hedge fund index, as well as going long, depending on market conditions.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.