Thursday, 28 August 2014
Last updated 6 hours ago
May 4 2010 | 11:50am ET
Getting out from under RAB Capital’s yoke appears to have done Northwest Investment Management a lot of good.
The Hong Kong-based hedge fund has more than doubled its assets under management in the year since its founders bought it back from the troubled London-based hedge fund firm, which took a beating during the financial crisis and is still struggling to recover. Northwest now manages some US$680 million, up from US$300 million when it left the RAB stable last April.
“Assets are flowing more towards the larger hedge funds in Asia generally,” business development chief Mark Smith diplomatically told Bloomberg News. He also points out that Northwest’s investor profile has changed completely, with pension plans and foundations now accounting for 70% of its assets, up from 15% three years ago.
By contrast, funds of hedge funds have fallen from 70% of investors to just 20%.
Northwest was founded in 1998, and was acquired by RAB in September 2006.
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…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...