Tuesday, 24 November 2015
Last updated 20 hours ago
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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…