Arden Unveils Second Retail Fund Of Hedge Funds

Feb 5 2014 | 9:35am ET

Arden Asset Management is expanding its retail fund of hedge funds lineup to brokerage customers.

The firm this week launched its Arden Alternative Strategies II. The new fund will be available to investors with just a $1,000 minimum investment requirement, and will charge a maximum fee ratio of 1.99%.

Like its predecessor, launched in December 2012 for Fidelity Investments, the new fund will give investors access to top hedge funds such as CQS, D.E. Shaw Group and York Capital Management. All told, the fund has 11 underlying managers.

AAS II is available to a much wider range of investors than Arden's first retail fund, which in addition to being limited to Fidelity customers is available only to clients of that firm's Fidelity Portfolio Advisory Service, which has a $50,000 minimum investment requirement. That fund has returned 5.12% over the past 12 months, according to Morningstar.


In Depth

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR