Wednesday, 27 August 2014
Last updated 1 hour ago
Jul 11 2008 | 10:50am ET
Despite a difficult first half for hedge funds, the Man Group continues to rake in new assets. The London hedge fund giant said sales were US$5 billion in its first fiscal quarter, against redemptions of just US$2.5 billion. The US$2.5 billion net inflow, alongside US$1.7 billion in performance gains and US$700 million in positive currency moves pushed the firm’s assets under management up 6.6% to US$79.5 billion.
A substantial chunk—US$2.2 billion—of Man’s sales was in its increasingly popular guaranteed products.
“This success in asset-raising reflects the group’s broad geographic presence and the continued attraction of conservatively-structured alternative investment products,” Jon Aisbitt, chairman of Man, said.
While most hedge funds are in the red, Man’s for the most part posted positive performance. Its flagship AHL strategy returned 3.8% on the quarter, while its Glenwood and RMF funds of funds rose about 2.4% and 2.5%, respectively.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...