Saturday, 25 April 2015
Last updated 1 day 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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…