Thursday, 26 March 2015
Last updated 2 hours ago
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.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…