Monday, 15 September 2014
Last updated 7 hours ago
Jun 18 2012 | 12:01pm ET
Just a year after beginning to offer retail investors access to one of its top hedge fund managers, the Man Group is getting ready to put the brakes on Pierre Lagrange’s European stock fund.
The firm said it would soft-close the fund when it hits US$1 billion in assets and hard-close it at US$1.25 billion. Lagrange’s GLG European Equity Alternative Fund debuted in July and has already garnered US$760 million in assets.
GLG co-founder Lagrange’s co-manager, Simon Savage, admitted to the Financial Times that he and Lagrange did not expect “this point would arise within such a short space of time.” But the fund will begin turning away large allocations at US$1 billion to “ensure that the fund retains the ability to meet its capital growth/capital protection objectives.”
Man plans to reopen the fund if and when capacity becomes available.
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…
The Federal Reserve keeps baby-stepping toward a “normalization” of monetary policy. But just what is normal?