Sunday, 29 March 2015
Last updated 1 day ago
Jul 22 2008 | 9:43am ET
Fund of hedge funds shop Nedgroup Investments has won a US$9 million mandate from asset management firm Attica Vermogensbeheer for its Premium Portfolio Fund, which has now raised approximately US$35 million from institutional investors since its launch in February.
According to the firm, the fund has returned 3.04% since launch, compared with a fall in fund of hedge fund indices Barclays and EurekaHedge, which are down between 2% and 2.5% as of the end of June.
The Premium Portfolio Fund comprises asset backed lending, distressed debt, structured finance, multi strategy, insurance and other niche strategies. It targets a return of Libor+ 8% to 12% net of fees per annum over the medium to long term, with a volatility of less than 3%.
Andrew Lodge, managing director of Nedgroup Investments, said: “When launching the fund, our aim was to provide returns that were genuinely uncorrelated with market movements. Attica’s investment is a real endorsement of that aim and a very positive sign for the future of the fund.”
Nedgroup Investments has offices in London and The Isle Of Man and currently manages US$940 million of assets.
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…