Sun, Dec 21, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Banca March’s investment boutique launches fixed income hedge fund

Thursday, June 28, 2012

Benedicte Gravrand, Opalesque Geneva: March Gestión de Fondos (MGF), the investment boutique of Banca March, an independent Spanish bank, has launched a new hedge fund, according to reports from Agefi and Funds People.

It is a second version of an already existing fund called March Patrimonio Renta FIL. Also regulated in Spain, the new fund is called March Patrimonio Renta 2, FIL. It was created on 17th May and registered in Spain on 22nd June, 2012.

According to March Gestión’s website, March Patrimonio Renta invests primarily in demand deposits or falling due within one year to credit institutions of the EU or OCDE countries subject to prudential supervision, and in listed and unlisted liquid money market instruments. However, if the market conditions make it appropriate, the fund may be invested in other public and private debt financial assets. The return benchmark is 12-month Euribor rate plus 0.5%. The minimum subscription is Eur100,000 and the management fee is 0.6%.

The first fund reached Eur64m in AuM according to recent data from Inverco (end-May). Among its many funds, March Gestión has three hedge funds (fondos de inversión libr......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Investing - Big hedge funds win again on PetSmart, Riverbed, RBS sells real estate loans to hedge fund Cerberus, Talisman energy speculation: Which hedge funds could benefit?[more]

    Big hedge funds win again on PetSmart, Riverbed From CNBC.com: Another week, another set of wins for activist investors. On Sunday, pet supply retailer PetSmart agreed to the largest leveraged buyout of the year at $8.7 billion. Hedge fund firm JANA Partners had been pushing for a sale a

  2. Outlook - Hedge fund manager who remembers 1998 rout says prepare for pain, Bond guru Bill Gross predicts U.S. economic growth to dip to 2%[more]

    Hedge fund manager who remembers 1998 rout says prepare for pain From Bloomberg.com: Stephen Jen landed in Hong Kong in early January 1997 as Morgan Stanley’s newly minted exchange-rate strategist for Asia. He was soon working around the clock when investors began targeting the region’s

  3. Investing - Hedge funds get boost from healthcare in 2014, Paulson & Co takes stake in Salix on heels of inventory issues[more]

    Hedge funds get boost from healthcare in 2014 From Valuewalk.com: The healthcare sector started the year on a turbulent note, as stocks of many major biotechnology companies were battered. However, most of the players in this sector have bounced back. The BarclayHedge Healthcare & Biotec

  4. Opalesque Exclusive: U.S. legal receivables fund launched in August[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Investing in asset-backed receivables is a strategy that has been an integral part of the alternative investment space within the overall fixed income asset c

  5. Comment - High fees and low performance hit hedge funds[more]

    From FT.com: Disenchantment over high fees and lackluster performance may finally be turning the tide against hedge funds, fresh data suggest. Despite generally weak returns since the global financial crisis, hedge funds have enjoyed positive net inflows every year since 2010. This helped assets und