Balance Gets A Boost From RMF

Sep 14 2006 | 12:00am ET

Alternative asset manager Balance Asset Management has received a “significant” allocation from RMF, a core investment manager of Man Investments, according to a source close to the firm, who added that the fund has generated a 6% year-to-date net return through August 31. The firm’s current assets under management now stand at over $100 million.

Hans Hurschler, head of RMF’s Hedge Fund Ventures unit, said in a release, “We are delighted to have identified Balance as an investment opportunity at an early stage.”

Balance was founded in January of this year and now has one fund, which employs an event-oriented strategy that incorporates long/short equity, arbitrage and derivatives. According to the source, the fund holds between 25-40 positions at any given time, and although it has a global mandate, it is largely invested in the U.S.

Balance’s founders, Steven Audi, Kevin Robik and John DiRocco hail from Resurgence Asset Management, Bear Stearns & Co. and Citadel Investment Group, respectively.


In Depth

Q&A: Filippo Pignatti Morano On The Ultimate Alternative Investment...Classic Cars

Jan 29 2015 | 12:37pm ET

In 2011, Filippo Pignatti Morano launched a fund to invest in classic cars. FINalternatives...

Lifestyle

Looking For A Hedge Fund Manager? Try Davos

Jan 28 2015 | 8:48am ET

Davos, Switzerland seems to have become the hedge fund capital of the world—at...

Guest Contributor

Five Tips For Successfully Marketing Your Hedge Fund

Jan 30 2015 | 9:14am ET

When it comes to the hedge fund industry, the notion of “build it and it will...

 

Editor's Note