Wednesday, 25 November 2015
Last updated 1 hour 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%.
Oct 21 2015 | 10:41am ET
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…