BlueBay Nets $2.7B

Jul 16 2008 | 10:23am ET

BlueBay Asset Management, the London-based fixed-income hedge fund shop, just keeps getting bigger. The US$18.7 billion firm said its assets under management grew a further US$2.7 billion as of the end of March, bringing its assets to US$21 billion as of the end of June.
 
The bulk of the increase stemmed from its long-only business, which added some US$4.3 billion in the last six months, while its long/short hedge fund unit had a more modest increase of US$200 million over the same period.

Hugh Willis, BlueBay's CEO, said while credit market conditions have been and remain difficult, “It is gratifying that, over the fiscal year, BlueBay has seen US$7.1 billion of net inflows into its funds—equal to more than half of the starting assets for the period.”

The firm was founded in 2001 and listed on the London Stock Exchange in November 2006.


In Depth

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...

 

From the current issue of