Funds of Hedge Funds

FRM Sigma, the CTA fund of funds managed by Financial Risk Management (FRM), has seen its assets double in the last twelve months, reaching nearly USD700 million at the end of April 2011. Based on the current rate of inflows, Sigma is projected to reach USD1 billion in assets by the end of 2011.   »

Arden Asset Management is to assume the management of Robeco Group's USD1.3 billion fund of hedge funds business, Robeco-Sage, effective 1 October, 2011. »

Palmer Square Capital Management, a manager of hedge fund-of-funds partnerships and customised alternative investment solutions, has launched the Palmer Square Absolute Return Fund, its first open-ended mutual fund. »

BNY Mellon Alternative Investment Services (AIS) has topped USD400 billion in assets under administration, making it the second largest provider of solutions to hedge funds, funds of hedge funds, and private equity investments globally.   »

All Salus Alpha funds recorded positive returns in April with the Salus Alpha Managed Futures fund leading the way with performance of +7.04% for the month, outperforming the S&P 500 Index by +4.19%. »

Funds managed by CB Asset Management will from now on be marketed under the name CB Funds (CB Fonder in Swedish) with a new website www.cbfonder.se.    »

Hedge funds, as measured by the Dow Jones Credit Suisse Hedge Fund Index, were up 2.2% in the first quarter of 2011, posting positive performance in each month of the quarter, according to the latest hedge fund industry review published by the Dow Jones Credit Suisse Hedge Fund Index team. »

ALTIN, the USD270m multi-strategy fund of hedge funds achieved a very positive investment performance in 2010 of +12.47%, easily outperforming the funds of hedge funds index, HFRI FoF (+5.67%). »

The latest Preqin research shows that there has been a significant decline in the number of hedge fund of funds managers with AUM of between USD2bn and USD5bn, while those with less than USD250m in assets now account for a larger proportion of managers in the industry. Changes in the industry are a consequence of increased investor caution following the economic downturn and the Madoff incident. »

Dow Jones Indexes and Credit Suisse today announced the launch of the Dow Jones Credit Suisse Core Hedge Fund Index, the newest addition to their market-leading hedge fund index family. »