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

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...