London Fund Of Funds’ AUM Up 75%

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.”

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