Tuesday, 22 July 2014
Last updated 2 hours ago
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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…