Friday, 22 May 2015
Last updated 15 min ago
Mar 27 2012 | 9:03am ET
Man, the world’s largest hedge fund group, has launched an online portal for investors in its managed accounts.
Clarus, as the portal is called, has been developed to provide greater transparency and visibility of the risks and liquidity in portfolios. Man says it allows clients to “visualize their exposure to underlying risk factors in both their managed accounts and aggregated as part of their wider portfolio.”
Eric Burl, Man’s head of managed accounts, said in a statement: “Over recent years investors’ demands have shifted dramatically and people now want to see how assets are controlled, that there is good liquidity, and that their cash will be returned when they want it. Clarus provides the heightened transparency our investors seek.”
Man currently manages $8.0 billion of assets within managed accounts, out of overall assets under management totaling $58.4 million.
In March 2012, Man announced a managed account mandate for an initial €1.2 billion from Bayerische Versorgungskammer, Germany’s largest public pension fund and in 2010 it announced a managed account mandate for up to $1 billion by the Universities Superannuation Scheme Limited, the UK’s second largest private sector pension fund.
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…