Friday, 19 December 2014
Last updated 8 hours ago
Oct 9 2012 | 1:04pm ET
Third-party marketing firm Agecroft Partners plans to add a new hedge fund to the stable it currently represents.
The chosen fund will have at least $75 million in assets under management, risk-adjusted performance that ranks it near the top of its peer group and low correlation to relevant market indices.
Don Steinbrugge, a former founding principal of Andor Capital Management who founded Agecroft in 2007, says the firm is on track to raise $1 billion in 2012. The bulk of the assets Agecroft has raised over the past year have come from pension funds and endowments but Steinbrugge said they've also had success raising assets from family offices and funds of funds in Europe and North America.
“One of the challenges in our business is that if you are successful in helping your hedge fund clients grow their assets to capacity, you constantly need to find new managers each year,” said Steinbrugge in a statement.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.