Monday, 22 December 2014
Last updated 2 hours ago
Feb 26 2008 | 1:00am ET
Toronto-based asset manager Dynamic Funds is heading to Europe, bringing along a few funds that it hopes will appeal to investors across the Atlantic. Dynamic, which last year acquired Luxembourg-based VMR Funds Management, changing its name to DF Investments, is launching a hedge fund and five long-only funds.
The new offerings are based on the firm’s Canadian funds, domiciled in Luxembourg as SICAVs.
Robert Torkelund, a third-party marketer, will be charged with heading the firm’s marketing efforts in Europe.
The Dynamic Power Hedge Fund, a long/short equity offering that invests in energy and material companies, primarily in Canada, currently manages US$535 million in total assets. The fund, managed by Rohit Seghal, returned 38.6% last year and 71.5% in 2006, but got off to a slow start in 2008 dropping 14.7% in its first month of trading.
The Power Hedge Fund charges a 2.25% management fee for Series F investors and 1.25% for Series A. It charges a 20% performance fee, and its minimum investment requirement is US$100,000.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.