Friday, 6 March 2015
Last updated 4 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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…