Friday, 30 January 2015
Last updated 9 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
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…