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From Kirsten Bischoff, Opalesque New York:

May 2009 may have marked the first industry net inflows after ten long months of outflows, but there are hedge fund firms that have managed to secure assets throughout 2009, and the main driver for investor interest has been performance and liquidity. Opalesque recently spoke with Managing Principal Troy Buckner of New Jersey-based investment manager NuWave Investment Management LLC about the firm's asset raising experience in 2009.

NuWave uses a systematic and style driven strategy to find repetitive anomalies in prices in both the equities and futures markets. The firm runs a Combined Futures Portfolio, which they made available as a fund in 2004, and which also handles managed accounts. Additionally, NuWave manages a market neutral long/short equity fund. "Consistent with either a long/short or managed futures strategy we are looking for the good opportunities and perform best when markets dislocate and create significant bull or bear markets," says Buckner.

Institutional investor attention from liquidity and performance? He attributes the firm's current asset raising success to the liquidity of their investments and their performance during 2008.

NuWave, which has passed the coveted $500m mark in assets under management, has already seen sources of allocations widen from their previous base of investors. While fund of hedge funds had driven a goo......................

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