Sunday, 21 December 2014
Last updated 2 hours ago
May 4 2010 | 11:48am ET
BlackRock’s pioneering retail hedge fund has grown to more than £2 billion in assets, and that’s just fine with its management team.
The U.K. Absolute Alpha Fund debuted five years ago, believed to be the first major absolute return vehicle open to British retail investors. Since then, it’s up 49.5%, topping the FTSE All-Share Index with just a quarter of the volatility.
And despite concerns that the fund has grown too large, Absolute Alpha’s co-manager, Nick Osborne, said he isn’t concerned.
“The size is something we think about an awful lot,” he told the Financial Times. “But we feel very, very relaxed. We have a portfolio that is naturally diverse—especially within the short portfolio.”
What’s more, the fund is poised to grow even more: Osborne and his co-manager, Mark Lyttleton, are bullish on the British market and is between 15% and 20% net long, more than it has been in some time.
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.