Friday, 28 August 2015
Last updated 2 hours ago
Oct 12 2011 | 6:42am ET
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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…