Sunday, 21 December 2014
Last updated 6 hours ago
Apr 13 2010 | 10:19am ET
GAM Holding is finally growing again, but its flagship funds of hedge funds have yet to join the renaissance.
The Swiss firm said its assets under management increased 5% in the first quarter to 119.1 billion Swiss francs (US$112.4 billion). While GAM’s funds of funds continued to suffer outflows—at a lower rate, it must be said, that last year—its single-manager hedge funds performed well enough and attracted enough new money to cover that loss and then some.
Much of the increase came in GAM’s fixed-income hedge funds. Augustus Asset Managers, the GAM subsidiary that manages its fixed-income hedge funds, had the largest inflow in the quarter.
GAM called the inflows to its hedge funds “encouraging.”
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.