Tuesday, 29 July 2014
Last updated 1 hour ago
May 3 2012 | 12:55am ET
Swiss private bank Pictet & Cie has begun marketing a new hedge fund managed by Goldman Sachs veteran Elif Aktug.
Pictet Asset Management launched a roadshow for the Agora Fund on Monday, HFMWeek reports. The firm launched the fund, which currently manages US$100 million, last April; it has lost about 2.3% through earlier this year.
Analyst Vincent Ijaouane said Pictet has no capacity in mind for the equity long/short fund. But he said that garnering at least US$1 billion “should be no issue.”
“We believe the recent turmoil in Europe provides us with highly interesting investment opportunities,” Aktug, a former Goldman trader, said. “Well-funded corporates will be looking towards strategic change, especially in M&A. As always in times of change, there will be strategic winners and losers. The fund is able to take positions in both in order to create value.”
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…