Horizon Sees $600M Inflow In Q3

Nov 10 2008 | 1:10pm ET

Alternatives cash manager Horizon Cash Management said that it has attracted more than $600 million in new assets within the last quarter stemming from a wide variety of single manager and funds of hedge funds.

“With continued market volatility, and hedge funds of all types holding larger portions of their portfolios in cash, we expect these inflows to continue,” said Pauline Modjeski, president of Horizon.

Some firms looking to park their cash at Horizon include a commodity shop seeking more secure custody arrangements, a fund of funds operation looking to reduce its counterparty exposure, and a U.K.-based hedge fund, taking note of the Lehman Brothers bankruptcy that froze some hedge fund balances, reducing its prime broker exposure.


In Depth

Virtu Celebrates Another Year Without a Single Day of Losses

Feb 26 2015 | 9:05am ET

High-frequency trading firm Virtu Financial Inc. reported another year without a...

Lifestyle

Hedge Fund Manager Out as Minnesota Wild Minority Owner

Feb 25 2015 | 2:45pm ET

New York hedge fund manager Philip Falcone is no longer a minority owner of the...

Guest Contributor

Risk: How To Get In Front Of The Problem

Feb 26 2015 | 9:53am ET

In considering the topic of risk in the hedge fund world, specifically, the oversight...

 

Editor's Note