Wednesday, 25 November 2015
Last updated 4 hours ago
Nov 1 2010 | 12:25pm ET
The Man Group has opened its flagship strategy to retail investors in Singapore.
The London-based firm is marketing its UCITS III-compliant Man AHL Trend fund in the city-state. Investors with at least S$20,000 to spare can invest in the strategy that makes up more than half of Man's assets.
"We don't expect a huge tsunami of money coming into the fund initially," Timothy Peach, head of sales for Southeast Asia, told Bloomberg News. "It is quite different from your typical mutual fund."
For one, you'll pay a lot more for it: Man AHL Trend will charge Singaporean retail investors a whopping 3% management fee and a 20% performance fee.
Peach told Bloomberg that Man is looking into extending the fund to other parts of Southeast Asia. But it took some three years to win approval in Singapore alone.
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…