Monday, 30 March 2015
Last updated 2 days ago
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.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…