Duet Gets Aggressive With New Fund

Feb 16 2012 | 2:51am ET

London-based Duet Group bets that its clients are feeling frisky.

The hedge fund has opened a more aggressive version of its flagship market-neutral strategy to outside capital. The fund was introduced in August 2010 and currently manages $70 million, most of it internal capital with one institutional investor, HFMWeek reports.

"We had many investors who wanted the pure alpha generation, consistent returns and downside protection of the flagship but with higher performance," Jason McNab, chief investment officer and fund manager, told HFM. "We had a huge opportunity set of slightly higher volatility trades with excellent risk/reward that we were not taking advantage of, so it was logical to create a new fund."

The Duet Global Plus Fund hopes to return between 15% and 20% annually, although since its debut it has managed only a 15.2% total return. While it can invest globally, the fund focuses on European catalyst event trades. It has a capacity of $2 billion.


In Depth

High Time For A Cannabis Hedge Fund?

Sep 30 2014 | 7:07am ET

Launching a hedge fund is always a gamble, but Leslie Bocskor's decision to launch...

Lifestyle

Griffin Donates $1M To Rauner's Illinois Gov. Campaign

Sep 22 2014 | 9:29am ET

Hedge fund billionaire Kenneth Griffin definitely has a dog in this fight. The Citadel...

Guest Contributor

Appraisal Ratio Key To Evaluating Hedge Funds And Other New Investments

Sep 29 2014 | 3:07pm ET

As a former finance professor Peter Hecht experiences heartburn every time he hears...

 

Videos

Editor's Note

    Must Attend Hedge Fund Charity Events For October

    Sep 30 2014 | 9:29am ET

    The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…

 

Futures Magazine

September 2014 Cover

High frequency market making

High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.