RSS
|
Opalesque Industry Update - IPM, one of the fastest growing Systematic Macro Managers this year, has launched a Delaware feeder fund to respond to increased demand from a large pool of investors in the US wanting easy access its flagship macro strategy. The fund which was seeded on 1 June by IPM will feed into its Cayman flagship master fund, launched 11 years ago with assets currently close to USD 700 Million.
The US market, arguably the most sophisticated and developed in terms of size and allocations to HFs globally, remains a core investor base for most HFs. For IPM, almost half of its hedge fund assets emanate from North American investors. "The US has always been a strategic market for us, and following several years of regular roadshows, we are gaining increased momentum across this region from major institutional allocators. Whilst sovereigns, pension funds and financial institutions can readily access our strategy in the Cayman based master fund, more and more US onshore investors are keen to access our diversifying strategy which they can now do through the new fund. Given the increased difficulty for US onshore investors, such as large family offices and UHNW investors, to identify broadly uncorrelated strategies, we expect the new fund to be a natural fit for their portfolios. "We are delighted that we can now offer an ever-broader spectrum of investors access to our Strategy which has an established track record of solid and uncorrelated returns" says Tara Skinner, Head of Business Development and who led the opening of IPM's London office last summer. IPM is also in discussion with major Wealth Management platforms seeking to further provide easy access to the IPM Systematic Macro strategy across their client base, through both the US Delaware and Cayman funds. IPM, headquartered in Stockholm, has delivered just over +8% for investors this year as at end of May, and +7.4% for investors in calendar year 2016. IPM also runs the strategy as a UCITS fund, which has grown to over $1.1bn since its launch in 2015. The assets in the IPM Systematic Macro strategy have soared from USD 800m in early 2015 to USD 3.7bn to date, reflecting a strong appetite from investors globally for absolute returns which have limited sensitivities and correlation to other strategies and traditional assets. Stefan Nydahl, CEO of IPM, participated at the 2015 Opalesque Nordic Roundtable, which can be downloaded at the Source link below. Article source - Opalesque is not responsible for the content of external internet sites |
Industry Updates
Stockholm based hedge fund group IPM launches fund for US market
Wednesday, June 28, 2017
|
|
