Tuesday, 21 October 2014
Last updated 19 min ago
Oct 15 2013 | 12:47pm ET
Neuberger Berman Group is planning a new UCITS-compliant fund of hedge funds.
The Absolute Return Multi-Strategy Fund is set to debut next month with seven underlying managers initially, Investment Week reports. The fund's money will be invested in segregated accounts, which should allow it to avoid having its money locked up by redemption restrictions.
Among the strategies included at launch will be event-driven, long/short equity and relative-value credit, aiming for a return of 5% over cash.
Increased interest from discretionary fund managers prompted the new fund, according to Tom Douie, head of European intermediary at Neuberger Berman.
"DFMs are interested again, but as a fund group it is increasingly difficult to come to the market with a '2 and 20' charging structure," he told IW.
Instead, the new fund will charge a flat 0.75% management fee, with an expected total expense ratio under 2%.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...