Friday, 24 October 2014
Last updated 18 hours ago
Jan 19 2011 | 4:55am ET
Antarctica Asset Management rang in the new year with a brand-new product.
The $1.6 billion London-based fund of hedge funds shop launched its Global Macro Fund on Jan. 1. The new fund employs the same global macro strategy used by the firm’s two multistrategy funds, Pensions & Investments reports. The concentrated vehicle has between 15 and 20 underlying managers.
“We designed the fund to be uncorrelated… with the ability to dynamically allocate to subtrategies where we see more opportunities,” principal Pieter de Weerdt told P&I. “Thematic or directional allocators will typically do well in recovery and bull market periods, while trading platforms and relative value managers should provide anchor returns with low volatility and low correlation to the rest of the portfolio.”
Antarctica decided to carve out its global macro program as a separate fund in response to demands from institutional investors.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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