Sunday, 21 December 2014
Last updated 12 hours 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.
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.