New Star Asset Management, a $15 billion London-based asset manager, will launch an actively managed portfolio of its own hedge funds in June. The firm currently manages over $500 million in hedge fund assets.
The New Star Managed Hedge Fund will target returns of 10%-15%, aiming for equity-like returns with bond-like levels of risk.
The decision to launch this product was a response to the strong demand we've had from investors for exposure to the full range of our top performing hedge funds through a single product, says Charlie Tritton, New Star's Head of alternative investments.
Tritton notes that an equally weighted basket of New Stars hedge funds over...
