Notz Stucki Readies Distressed Fund Of Funds

Mar 28 2012 | 12:32pm ET

Fund of hedge funds Notz Stucki is set to roll out a global distressed fund this summer as it continues to rebound from a difficult few years.

Notz has begun fundraising for the new fund of funds, opening a three-month subscription period prior to opening the fund on July 1 with more than US$50 million in assets, HFMWeek reports. The new fund will have between 15 and 25 managers—the Swiss firm is still building the platform—and will seek to profit from bank deleveraging in Europe.

"We are seeing opportunities in banks that are being forced to de-lever as a result of the continued slow recovery, particularly in Europe," Notz's Sébastian Poiret told HFM.

The distressed fund will be Notz's 10th fund of funds. The firm, which still manages less than half the US$16 billion it had prior to being ensnared by the Bernard Madoff Ponzi scheme, has seen its flagship fund of funds rise 6.3% this year, and recently opened an office in Bahrain.


In Depth

Q&A: Open Season For Closed-End Funds

Aug 29 2014 | 10:00am ET

When Maury Fertig and Bob Huffman, former Salomon Brothers coworkers, launched...

Lifestyle

Och Funds Women In Finance Initiative At U-M

Aug 28 2014 | 3:01pm ET

Och-Ziff Capital founder Daniel Och and his wife have made a "generous donation"...

Guest Contributor

Looking Ahead: What’s In Store For Managed Futures?

Aug 22 2014 | 12:52pm ET

The last five years were phenomenal for investors in equity indices. Will the next...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

July/August 2014 Cover

The time was right

Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...

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.