Sunday, 23 November 2014
Last updated 2 days ago
Nov 2 2010 | 2:41am ET
Cazenove Capital Management will reopen its Absolute U.K. Dynamic funds at the end of the year, more than a year after shutting the funds to new investment.
The listed vehicles—a hedge fund and a UCITS III-compliant fund—currently manage £146 million between them, thanks to strong performance since the April exit of manager Neil Pegrum. The two funds suffered a combined £181 million in outflows after Pegrum's departure.
Now, Cazenove will welcome £60 million in new money through share sales beginning on Dec. 28.
"We feel now is the right time to re-open the fund as the team is embedded, the portfolio is working well and liquidity has improved," Robin Minter-Kemp, managing director of investment funds, said. "The team believes it is back on track to achieve the objective of the fund in delivering 10%-plus per annum over the medium term."
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...