Polar AUM continues to swell
Polar Capital’s AUM increased by over a quarter in the three month period to the end of June 2013 and now stands at $9.2bn, up from $7.2bn at the end of March.
Polar Capital’s AUM increased by over a quarter in the three month period to the end of June 2013 and now stands at $9.2bn, up from $7.2bn at the end of March.
Long/short equity and macro hedge funds attracted the highest proportion of industry asset flows in May, gaining an aggregate $6.4bn as a result of the prevailing assumption the strong run in equity markets is to continue.
US distressed debt hedge fund manager Monarch Capital is opening a London office in a bid to establish its long-term commitment to European investing.
Hedge fund managers are remaining tight-lipped following HM Treasury’s decision to allow new funds to continue to market as normal for the year following the implementation of the Alternative Investment Fund Manager’s Directive (AIFMD).
European hedge fund launches were subdued in the first quarter of the year as fund managers postpone bringing their new funds to market until after the AIFMD deadline in July.
Paul Casson has joined Artemis following the resignation of Stephen Yiu from the UK growth team.
Hedge funds attracted $20bn in new assets in the first quarter of 2013 and US hedge fund assets hit a record high of $1.25bn during the period, according to data provided by Eurekahedge.
Over one-third of investors feel advisers are not sufficiently clued up on Ucits hedge funds despite research showing that blindly allocating to the vehicles for diversification purposes can be damaging to portfolios.
Alternative assets used as diversifiers may be damaging portfolios due to high correlation with other underlying assets, a report by Capital Generation Partners shows.
Principal Global Investors has bought a majority stake in Liongate Capital Management in a bid to meet increased client demand for both alternative investments and portfolio-wide hedged solutions.
Research from Deutsche Bank shows institutional investors expect an all-time high of $2.5trn invested in hedge funds by the end of this year though this is a trend that will remain the preserve of the large institution rather than the individual investor.
Hedge fund assets are set to reach record levels by the end of 2013 and inflows are expected to hit $123bn during the year. But private banks have proved more reticent than pension funds in reallocating capital to the asset class.