Editor's view: 29 July 2010
Like Paris in the spring, the lure of the Ucits space is proving a heady experience for many managers. First Europe fell for the charms of these onshore products, now the Americans are joining in a communal swoon.
22/02/2010
Fink's ISAM forms joint venture with Hite Capital
A new venture between Stanley Fink’s International Standard Asset Management (ISAM) and Hite Capital Management (HCM), the hedge fund firm founded by systematic trading genius Larry Hite,
looks set a yield two new funds in the coming months, including a fund of managed accounts.
The first fund, ISAM Systematic, is scheduled for April and will be run by Hite. Reports suggest it could eventually manage as much as $6bn. This is to be followed with the launch of ISAM Fusion
Fund, the managed accounts product.
The strategic partnership sees Fink and Hite united once again following high-profile stints with Man Group, the world’s largest listed hedge fund manager. Fink, who was Man’s chief
executive, left three years ago to form hedge fund firm ISAM, while Hite is credited with pioneering the systematic strategy used by Man’s AHL division. Hite retired from active fund
management in the mid 1990s.
As part of the ISAM-Hite alliance, Larry Hite, Alex Greyserman, and Gilbert Lee will join ISAM as shareholders and directors.
Man Group, which oversees $42.4bn in AuM, purchased half of Hite’s first hedge fund, Mint Investment Management, in 1983, using the fund’s systematic recipe to part power its AHL pro
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Comment: Amy B Hirsch
"It is imperative that investors of all types ensure they understand the relationship between the introducing party and the manager"
Investors sit tight on impaired assets
Playing the ‘what if’ game can be fun but, depending on the number of variables in question, it can get a little out of control. Apply this conceit to the hedge fund sector's performance during the financial crisis and the possible permutations become legion.
Hedge fund inflows in Q2
Hedge inflows have slowed as volatile markets made sitting on the sidelines the safest option in Q2. According to figures from HFR, the quarter’s $9.5bn - a 30% drop from Q1’s $14bn – reflected the 'wait and see' policy of many investors as the HFRI Fund Weighted Composite dropped -2.5%. With nerves setting in, recent predictions of a boom of interest in the alpha potential of smaller managers also fell flat, with the lion’s share of money going to large $5bn-plus managers.
Read MoreFunds of hedge funds fall out of favour
A growing number of institutional investors are now opting to invest directly into hedge funds instead of allocating to the space via funds of hedge funds.
Read More
22/09/2010
UK: Ucits IV
This month’s HFMWeek Subscriber Club breakfast will take place on Wednesday 22 September. Join us and…
30/09/2010
US: topic to be confirmed
The next HFMWeek Subscriber Club breakfast will take place on Thursday 30 September. Topic and…
19/07/10
HFM Week US Performance Awards
Following the success of the last year’s HFM US Hedge Fund Performance Awards we...
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