Friday, 27 March 2015
Last updated 2 hours ago
Nov 26 2012 | 12:09pm ET
The Man Group has turned to an experimental new strategy to help turn around its struggling flagship.
The firm has moved about 10% of its AHL program's assets to a new strategy, internally called "evolution." That strategy is up 18% this year and rose 16% last year, the Financial Times reports.
Evolution is currently managing US$1.5 billion of AHL's US$16.3 billion. The strategy trades about 100 different instruments, focusing on those which have had little correlation to traditional markets and which have shown little impact from the moves of major central banks.
AHL has lost 12% since quantitative easing began in 2009.
Man has been working on new ideas since then, but has only recently begun to "ramp up" its allocations to the strategy, according to the FT.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
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…