Thursday, 18 September 2014
Last updated 3 min ago
Sep 16 2010 | 2:58pm ET
BlueBay Asset Management announced that it will launch a series of new credit funds following a very strong fiscal year.
The London-based fixed-income hedge fund specialist said it would launch new emerging market and global high-yield funds next year. The firm also plans to launch a European government bond unit, which will launch two rates funds of its own.
“Good credit risk management skills are becoming an increasingly important complement to good interest rate risk management skills,” CEO Hugh Willis said.
BlueBay said its pretax profits nearly tripled to £49.7 million in the year-ended June 30 as the firm’s net inflows nearly doubled during the same period of £10.2 billion. The firm now manages some US$37.4 billion, up from US$24.3 billion.
“We are well placed to deliver further progress on AUM, with net inflows for the full financial year estimated at US$5 billion to US$8 billion,” Willis said.
BlueBay’s management fee income rose 32% to £109 million.
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…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.