Aspect Profit Soars As Returns, Assets Rise

Sep 11 2012 | 1:43pm ET

The "A" and "L" in Man Group's flagship AHL strategy are doing much better on their own than is their former employer.

Aspect Capital, set up by Michael Adam and Martin Lueck, saw its pre-tax profits triple last year, according to a regulatory filing. The London-based quantitative hedge fund earned £22.3 million in 2011 on £86.6 million in fee income, up 55% from 2010.

Most of the growth was due to increase performance fees: Aspect breached its high-water mark in 2010 and remained above it all of last year. In addition, its assets under management grew by almost 40% last year to US$6 billion.

"Global investors and wealth managers continued to search for products offering true diversification and reliable liquidity," Aspect wrote. "The company experienced consistent inflows throughout the year from a broad range of existing and new investors globally."

Aspect added that it had increased its staff to 137 from 120.


In Depth

Q&A: Decathlon Capital On Revenue-Based Alternative Lending

Oct 30 2017 | 3:49pm ET

The explosion in private credit activity since the end of the financial crisis is...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Saxby: Not All EBITDA Is Created Equal

Nov 30 2017 | 8:02pm ET

Record levels of dry powder are driving competition among private equity firms to...