Tuesday, 22 July 2014
Last updated 3 hours ago
Apr 19 2012 | 11:02am ET
Deutsche Bank's former global macro chief's new hedge fund has been raising money at a rate just about anyone would sign up for.
Kay Haigh's Avantium Investment Management has tripled its assets under management, from US$200 million at launch just six months ago to US$600 million. The fund has an initial capacity of US$1 billion.
"We have engaged with a large number of investors over the past year," an Avantium spokesperson told HFMWeek. "Emerging markets macro has been a strategy in which investors have been broadly looking to increase allocations."
Avantium said its investor base was "diverse," with institutional investors, endowments and family offices among its clients.
Haigh and seven members of his team at Deutsche Bank set up Avantium last spring. The firm will focus exclusively on its emerging markets fund for the time being before considering other launches; it isn't even planning a UCITS III-compliant version of its flagship strategy.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…