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

Fund Manager's Disease: Common Symptoms and Proposed Remedies

May 3 2016 | 6:11pm ET

The cadre of 25 research analysts at Murano Systems speaks with more than 150 investors...

Lifestyle

Point72's Cohen Donates $275M To Veterans Mental Health Network

Apr 6 2016 | 8:31pm ET

Billionaire hedge fund manager Steve Cohen has formed a non-profit aimed at treating...

Guest Contributor

Agecroft: Why NYCERS Should Reconsider Exiting All Hedge Funds

Apr 18 2016 | 5:51pm ET

The recent decision by the New York City Employment Retirement System to exit its...