Tuesday, 5 May 2015
Last updated 11 hours ago
Sep 4 2012 | 10:23am ET
The Man Group has put its flagship strategy to work on sovereign debt.
The troubled hedge fund giant teamed up with Nomura Holdings to launch the Systematic Fixed Income Fund. The new vehicle employs algorithms from Man's AHL Strategy to the low-yield environment of government bonds, hoping to profit from spot distortions and trends in the space.
Man hopes the fund, which debuted in July with $50 million in outside capital, can manage double-digit returns, following modifications to AHL designed to limit exposure to bond futures.
"Yields are also at extremely low levels," Sandy Rattray, chief investment officer of Man Systematic Strategies, told Reuters. "If you're long bonds, you certainly know what your upside is."
The Systematic Fixed Income Fund will invest in interest rate and bond futures, currencies and interest rate swaps. The vehicle, announced in April, will also trade emerging market currencies when it considers the timing right.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…