Wednesday, 17 December 2014
Last updated 12 hours 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.
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.