Friday, 3 July 2015
Last updated 15 hours ago
Dec 16 2011 | 10:25am ET
Old Mutual Asset Managers has generated healthy returns from three of its four hedge funds in 2011.
The hedge fund arm of Old Mutual, with $380 million AUM, saw its Global Equity Absolute Return quant fund return 11.35% in the first 11 months of 2011—a period during which the average fund was down 4.37% according to the Hedge Fund Research’s HFRI index.
Quoting a source at Old Mutual Asset Managers, HFMWeek said the fund was retooled between 2007-2009 due to “the unstable macro environment being correctly diagnosed and the fund [being] appropriately positioned.”
Old Mutual’s specialist equity and statistical arbitrage funds gained 5.06% and 5.27%, respectively.
The only fund to report a loss was the managed futures vehicle, which was down 2.09%.
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…