Friday, 5th September 2008

 

23 July 2008 - Press Briefing

Dutch wealth manager awards $9m fund mandate

Dutch wealth manager Attica Vermogensbeheer has awarded a $9m (€5.7m) mandate to Nedgroup Investments, the fund of hedge funds manager, for its Premium Portfolio Fund, according to a Hedge Week report.

The fund has so far raised about $35m from institutional investors since its launch in February. It has posted returns of 3.04% since then, as compared to a decline in fund of hedge funds indexes over the first half of this year, said the report.

The fund invests in asset-backed lending within the US, Europe and Asia, specialised distressed debt, structured finance, multistrategy, insurance and other niche strategies.

Read the original

Most Read

  1. HSBC Private Bank takes a knock in Switzerland
  2. Credit Suisse hires Citigroup bankers for regional wealth unit
  3. UBS Head Of Private Banking: No Bank Units For Sale
  4. Billionaire's pearl necklace halves in value
  5. Swiss private bank sees surge in new money with reorganisation

Brummel

Headline

Doing the Continental

Frank Sinatra had it about right: “It's very subtle, the Continental, because it does what you want it to do.” I had spent the morning driving down relatively busy A roads behind a Ferrari 599 but was perfectly happy that I had got the better of the deal. It’s no hardship being cocooned in the plush cockpit of a Bentley Continental GT Speed listening to John Humphrys detailing the latest travails of our benighted government.

Rich Monitor

Headline

Russia’s richest man increases his property interests

Russian tycoon Oleg Deripaska has raised his stake in the managing company of the emerging business district of Moscow City to 84% after buying out fellow oligarchs Prokhorov and Vladimir Potanin.

More from Portfolio

  1. Hedge funds get a new cop
  2. Wealthy Europeans set to pledge €1 trillion to save the planet
  3. Blackstone Group to expand in Silicon Valley
  4. Dresdner deal pushes global M&A to $2.5 trillion
  5. Hedge funds grow in importance

2nd Floor, Stapleton House, 29-33 Scrutton Street, London, EC2A 4HU

Tel: +44 (0) 20 7309 7788

Company No 3089347