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

OmniQuest Capital: Why Funds of Hedge Funds Work

Aug 11 2016 | 4:47pm ET

There have been few sectors of the alternative investment universe under as much...

Lifestyle

Kiawah: Island Reversal

Aug 24 2016 | 9:59pm ET

Looking for real estate investments but the typical real estate fare isn’t cutting...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...