Saturday, 20 December 2014
Last updated 1 day ago
Jan 26 2011 | 2:37am ET
It's a first for Varus Capital Management, and a big one: The Swiss firm has attracted its first U.S. investor, and it already accounts for 5% of its assets under management.
The Zurich-based firm did not identify the investor, saying only that it was a fund of hedge funds based in Greenwich, Conn. But Varus, founded by Absolute Capital Management veterans Stefan Heieck and Frank Siebrecht, hope the first will not be the last, and have created a new share class for U.S. investors.
Any other American clients will pay 1% for management and 25% for performance, HFMWeek reports.
Varus, which specializes in German mid- and large-cap companies, also told investors that it was boosting its bets on real estate, construction, digital lifestyles, information technology services and mergers and acquisitions.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.