Monday, 25 May 2015
Last updated 2 days ago
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.
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…