Saturday, 23 August 2014
Last updated 1 day ago
Feb 28 2008 | 12:04pm ET
Nedgroup Investments, the U.K.-based fund of hedge funds shop, has launched a new fund geared toward institutional investors. The Nedgroup Investments Premium Portfolio launched Feb.1, with a focus on longer liquidity and niche strategies, which make up 20% of the firm’s flagship Target Return Fund.
The Premium Portfolio Fund will comprise of asset-backed lending strategies within the U.S., Europe and Asia, specialized distressed debt, structured finance, multi-strategy and insurance assets. Marketed to global family offices and banks, the fund has capacity up to US$1 billion and will target returns of 8% to 12% in excess of Libor, net of fees per annum, with a volatility objective of less than 3%.
Nedgroup’s $315 million Target Return Fund launched in July 2000 and is currently heavily invested in event driven and equity hedge strategies.
“The number of conventional hedge funds which are positively correlated to the equity market has reached unacceptably high levels,” Andrew Lodge, managing director of Nedgroup Investments, said. “The excess return provided by a high quality market neutral style will prove to be attractive on a relative basis.”
Nedgroup—with offices in London and the Isle Of Man—currently has US$920 million of assets under management.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note