Tuesday, 29 July 2014
Last updated 1 min ago
Jul 23 2009 | 2:23am ET
Don’t tell this fund of hedge funds it’s a tough fundraising market. London-based Oakley Capital Group said its Absolute Return fund has ramped up its assets under management by 75% since opening to outside investors in January.
The fund is managed by Nick Hannan, formerly head of research at LCF Rothschild Asset Management, and Chris Parkinson, previously vice president of K2 Advisors. The OAR fund was seeded with partner money and began trading in July 2005. The fund's team currently manages over US$175 million in the strategy.
“The surge in assets, which has come from a number of sources, demonstrates that our approach appeals to a wide range of investors,” said Hannan. “This strategy should produce strong returns at a lower risk over the time frames relevant to our clients, particularly in a turbulent market environment such as the one we have experienced over the past 12 months.”
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…