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

Q&A: Reg A+ Will Transform the Alternative Asset Landscape

Jul 7 2015 | 4:03pm ET

In addition to easing capital formation for small companies, Regulation A+ has enormous...

Lifestyle

Fiat Chrysler Files Paperwork For Ferrari IPO

Jul 23 2015 | 5:05pm ET

Italian sportscar maker Ferrari has taken a step closer to a stock market listing...

Guest Contributor

Lifting of Foreign Ownership Limits Signals Sea Change in Vietnam's Capital Markets

Jul 28 2015 | 3:01pm ET

The lifting of restrictions on foreign ownership limits in Vietnam later this year...

 

Editor's Note