New Spanish Fund of Hedge Funds To Invest In GLG

Feb 29 2008 | 12:00am ET

Madrid, Spain-based Altex Partners Group has won approval from Spanish regulators for a new fund of hedge funds promoted in partnership with GLG Partners. Altex GLG becomes the 35th fund of hedge fund authorized by Spain.
 
Altex GLG Fund will only invest in funds managed by U.K.-based GLG Partners, one of the biggest hedge fund managers in the world, with over US$26 billion of asset under management. The fund has a target volatility of less than 8% and an annualized return target of above 9%. Kyril Saxe-Coburg and Guillermo Zunzunegui are the portfolio managers.

Altex Partners launched its first fund of hedge funds in April 1995 and currently manages nine funds of hedge fund products with total assets under management/advised of US$400 million.


In Depth

GSAM’s Papagiannis on Liquid Alternatives

May 25 2016 | 5:07pm ET

The popularity of liquid alternatives strategies has blossomed in recent years,...

Lifestyle

From Modern Trader: Stephen Curry is a Black Swan

May 18 2016 | 7:43pm ET

What do the rise of the Internet, the sinking of the Titanic, 9/11, and Stephen...

Guest Contributor

LendingClub and the Question of Internal Hedge Funds

May 19 2016 | 8:42pm ET

Peer-to-peer lending platform LendingClub Corp. has been in the news since the firm...