Wednesday, 23 July 2014
Last updated 15 hours 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…