Aspect Profit Quintuples As Assets Rise, High-Water Mark Breached

Sep 26 2011 | 1:46pm ET

Aspect Capital rode increased interest in managed futures funds last year to a more than fivefold increase in its annual profit.

The London-based quantitative hedge fund said its pre-tax profits last year were £7.8 million, Financial News reports, up from £1.4 million in 2009. Revenue also soared, from £42.1 million to £55.8 million, as assets under management jumped US$700 million to US$4.3 billion. Assets have grown another US$1.5 billion this year.

The increase in fee income was attributable to Aspect's return to its high-water mark at the end of last year, making the firm able to charge performance fees once again.

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    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…