Tuesday, 31 March 2015
Last updated 12 hours ago
Apr 7 2010 | 10:59am ET
Two weeks ago, Man Group CEO Peter Clarke said he was encouraged by its flagship’s turnaround, but warned that “it does need to be sustained.” Two weeks later, the AHL strategy is sustaining its positive performance.
The strategy, which accounts for about half of Man’s $39.1 billion in assets, soared 3.81% last week. The fund had been up about 5% through March 24 and 2% on the year after dropping 17.2% last year.
Of course, AHL is no stranger to high volatility. The managed futures strategy dropped 3.57% in one week in January, and lost 4.3% in the first week of December.
Meanwhile, the firm has been further buoyed by increased confidence from institutional investors, who have poured US$1.5 billion into Man Investments, the firm’s fund of hedge funds unit. Those inflows are, in part, credited to Man’s restructuring of its fund of funds business last year, when it merged its three funds of funds units after its RMF unit lost US$360 million in the Bernard Madoff scandal.
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…