Thursday, 28 August 2014
Last updated 11 hours ago
Jan 31 2012 | 1:41pm ET
After three years of strong returns, Majedie Asset Management has closed its "old-fashioned long/short equity fund" to new investment.
The fund currently manages £350 million. London-based Majedie said that clients have known since the Tortoise fund debuted three-and-a-half years ago that this day would come.
"When we launch funds, we always think about the total capacity and tell clients and consultants in advance when it would close," James de Uphaugh, chief investment officer, told Financial News. "That is what we have done. We prefer to prioritize the achievement of really good returns over asset size."
Tortoise has averaged 15.7% returns since inception. Managing director Rob Harris credits the performance to a nimbleness allowed by the fund's size.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...