Former Man Group CEO Stanley Fink's current hedge fund has enjoyed a 40% jump in assets under management thanks to a pair of pension fund mandates.
Two "very large" pensions poured US$200 million into International Standard Asset Management's flagship Systematic Fund, the firm's Alexander Lowe told Reuters. Those allocations pushed the firm's assets to US$700 million, a record for the three-year-old London-based ISAM.
Lowe said that the Systematic Fund, launched last year, was roughly flat this year. He blamed "choppiness" in agriculturals and other sectors, which he said "cost us 800 basis points."
While still managing less than US$1 billion, ISAM has big plans for Systematic, hoping to boost its assets to about US$5 billion.