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

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...

 

From the current issue of