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

The Benefits Of Private Debt Investing

May 7 2015 | 10:43am ET

Jeffrey Haas is chief operating officer of Old Hill Partners Inc., an SEC-registered...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

How To Generate 6% Yield In A Volatile World

May 22 2015 | 6:41am ET

Private credit comes in many different flavors, all with the common themes of over...

 

Editor's Note