Wednesday, 20 August 2014
Last updated 1 hour ago
Jul 9 2010 | 11:21am ET
Charlemagne Capital’s assets under management dropped more than 10% in the second quarter, as continued outflows and unfriendly markets conspired to put a dent in the firm’s recovery.
The London-based hedge fund said assets under management fell to US$2.8 billion at the end of June from US$3.14 billion at the end of March. But where strong performance helped offset outflows in the first quarter, poor performance accentuated them in the second.
Despite the “modest net outflows” and the big drop in AUM, Charlemange did manage to post a 1% increase in net management fees, which rose to US$10.4 million from US$8.4 million in the first half. The firm also said it would pay both an ordinary and special interim dividend for the first half.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note