Tuesday, 24 November 2015
Last updated 21 hours ago
Mar 2 2012 | 7:10am ET
Investors are flocking to Pictet Asset Management's UCITS III-compliant credit hedge fund, thanks to an unexpectedly "warm response" from the institutional community.
Pictet's Total-Return Kosmos Fund, which debuted in June with €66 million, now manages €330 million. Some €190 million of the new money has poured in since November, HFMWeek reports.
Kosmos, which has returned 3.11% since its launch, is focused on Europe and North America. It is managed by Raymond Sagayam and Kazik Swiderski.
Pictet expected the fund to be popular with retail investors and funds of funds. But the firm has gotten a "warm response" from pensions and insurance companies in Europe, as well as some interest from the Middle East
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…