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: Sancus Capital And The Disruption Of The CLO Market

Oct 5 2017 | 6:28pm ET

Traditional collateralized loan obligation (CLO) funds in the U.S. market can offer...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Finding Success as Alternatives Converge

Oct 9 2017 | 4:00pm ET

Rising interest among institutional investors over the past several years has led...

 

From the current issue of