Sat, Dec 3, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Commodities fund of hedge funds manager cuts second layer of fees

Thursday, September 13, 2012

amb
Anric Blatt
Benedicte Gravrand, Opalesque Geneva:

Anric Blatt, Chairman of Global Fund Exchange, an investment management group, told Opalesque that he would drastically reduce his fees for a couple of month.

All his funds are multi-manager funds: either funds of managed accounts, hybrids or funds of hedge funds. They focus on investments in clean energy, water, agriculture, energy and natural resources.

Investors who invest up to $100m in any of the funds within the next two dealing dates (September 28 and October 31) will be charged a flat management fee of 0.75% per annum, and all performance fees will be waived for three years, he said.

Global Fund Exchange came into the hedge fund industry with the idea to make difference. "We saw a massive gap in the market place between institutional investors putting capital to work and essentially the most significant asset classes that are going to drive future human growth, that is energy, water, agriculture, clean energy, natural resources, carbon trading and so on," Blatt explained from his New York offices.

He found by speaking with institutional clients that although the latter love the funds’ themes, the full transparency and the weekly estimates his group supplies, they are not so keen on the "fees on top of fees." This is becoming a classic challenge in the world of funds of funds, as investors are increasingly reluctant to bear th......................

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. M&A - AllianzGI to acquire Sound Harbor Partners, SS&C completes acquisition of Wells Fargo's Global Fund Services business[more]

    AllianzGI to acquire Sound Harbor Partners Allianz Global Investors (AllianzGI), an active investment manager, announced that Sound Harbor Partners, a US private credit manager led by Michael Zupon and Dean Criares, have agreed to join its fast-growing Private Debt Platform. Under the te

  2. Europe - UK investors to pay more tax on money in offshore funds, Do you want to hand your money to super-algo or a Swiss banker?[more]

    UK investors to pay more tax on money in offshore funds From FT.com: Hedge funds in Dublin and Luxembourg are set to be hit by new rules that will force UK investors to pay more tax on the money they hold in offshore funds. As part of the government’s Autumn Statement on the country’s fi

  3. Hunt for yield pushes more investors into riskier assets[more]

    From FT.com: Pension funds and insurance companies have increasingly embraced riskier assets in their hunt for higher returns over the past five years. Alternative assets such as property, infrastructure, private equity and hedge funds have been bought up by institutional investors in a world where

  4. People - Nectar Financial hires senior investment team, Texas A&M replaces retiring foundation investment chief, Ex-Cadwalader partner Woolery makes another sudden exit, How to become a Python coder at a top hedge fund, by the co-CTO of Man AHL[more]

    Nectar Financial hires senior investment team Nectar Financial AG, a Swiss financial technology company for wealth and asset management, has announced that it has hired two key senior leaders to spearhead its digital asset management efforts. The company also announced that it has entere

  5. Activist News - Cognizant has introductory discussion with activist investor Elliott; to review letter, Starboard Value makes huge investment in Hewlett Packard, Hedge fund calls for removal of First NBC Bank CEO[more]

    Cognizant has introductory discussion with activist investor Elliott; to review letter From Indiatimes.com: Cognizant said it had an introductory discussion with Elliott Management after receiving the activist hedge fund's letter asking for a board shakeup, a buyback, a dividend and chan