Thursday, 26 November 2015
Last updated 18 hours 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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…