Saturday, 10 October 2015
Last updated 15 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.
Oct 7 2015 | 4:57am ET
Charity A Leg To Stand On (ALTSO) will hold its 12th Annual Hedge Fund Rocktoberfest – NYC on October 15 and its 4th Annual Rocktoberfest - Chicago on October 22. Read more…