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

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...