Tuesday, 2 September 2014
Last updated 5 hours ago
Apr 25 2012 | 1:36pm ET
Playing hard-to-get with its flagship hedge fund is proving a marketing boon for Brevan Howard Asset Management's other offerings.
The London-based firm has told clients that its internal funds of hedge funds are the only way to get money into its US$27 billion Master Fund, which is currently closed to new money. Indeed, just last year Brevan returned US$2 billion from the fund to investors, attempting to keep it at about US$25 billion.
Brevan won't say how much of its Multi-Strategy Master Fund is invested in the flagship—another internal fund of funds puts about half of its assets in the main fund. But that hasn't stopped investors from pouring money in; the fund of fund's assets have soared to more than US$2.3 billion from US$1.1 billion over the last seven months.
That's good news for Brevan's other funds, which are much smaller and much less sought-after than Master.
"It's a way to give money to other funds they're building," an investor told Reuters. "They're saying to institutions that it's the only way to get exposure."
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…
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 ...