Thursday, 27 November 2014
Last updated 1 day ago
Sep 7 2010 | 10:01am ET
Hedge fund Charlemagne Capital reported lower first-half earnings on lower assets under management, but said that investors have begun to return to the firm over the past two months.
The London-based firm said its first-half operating profit dropped by 10% to US$1.17 million. Charlemagne blamed client outflows, which cut assets under management to US$2.8 billion at the end of June.
Since then, however, the firm has added more than US$200 million in assets and now manages US$3.04 billion, thanks both to inflows and improved performance. The firm said it has won commitments to its Occo Eastern European Fund that will bring that fund’s assets to US$300 million by the end of the year.
Despite the declines, management fees rose 24% year-on-year to $10.4 million. But that was more than offset by a 75% drop in performance fees to US$100 million.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...