Thursday, 25 December 2014
Last updated 1 day ago
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.
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.