Nedgroup Lands $9M Mandate

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.


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

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

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...

 

From the current issue of

As initial anxiety over Donald Trump’s victory gave way to market euphoria in the days following the election, there was a casualty. Gold prices.