Fri, Oct 31, 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. Macks aim to raise $750m for real estate debt fund[more]

    From Therealdeal.com: Father-son duo William and Richard Mack and former Blackstone Group managing director Peter Sotoloff are starting a new real estate debt fund. Together, the trio hopes to raise more than $750 million for the private equity fund, according to the Wall Street Journal. The fund wi

  2. Commodities - Oil wreaking havoc on small-cap energy stocks sliding 36%[more]

    From Bloomberg.com: Owning almost anything in the U.S. stock market has been a losing proposition since September. Owning smaller energy companies has been a catastrophe. Hercules Offshore Inc. and Resolute Energy Corp. are among 19 oil-and-gas equities in the Russell 2000 Index that lost more than

  3. Investing - Hedge funds favor equity long/short, Strategic bond managers hedge against further high yield sell-off[more]

    Hedge funds favor equity long/short From Securitieslendingtimes.com: Equity long/short strategies will generate good returns for hedge funds in the future, according to a panel at this year’s Risk Management Association Conference on Securities Lending in Naples, Florida. Panellists Sand

  4. Legal - Ex-hedge fund analyst weeps as judge hands down 5 year sentence, Former Columbus investment manager Steven P. Moore indicted on theft charges, SEBI confirms ban for Hong Kong hedge fund, SEC announces enforcement action against compliance officer[more]

    Ex-hedge fund analyst weeps as judge hands down 5 year sentence From Hereisthecity.com: An ex-hedge fund analyst was sentenced to 5 years in prison for his role in insider-trading scheme. The New York Post reports that former hedge fund analyst Matthew Teeple was sentenced Thursday to fiv

  5. Manager Profile - Seth Klarman: Lessons for retail and institutional investors[more]

    From Valuewalk.com: Seth Klarman is virtually unknown outside value circles, despite his impressive record and value of assets under management. On average Baupost has returned 19% p.a. despite holding a large portion of its assets in cash. During the financial crisis, Seth Klarman’s funds lost some