WEST PALM BEACH, FL (HEDGECO.NET) – Aspect Capital, the London based asset manager announced that assets managed by the firm grew by a whopping US$1.5billion in 2003, bringing its total managementassets to US$2.7 billion according to released statement. The company was founded in 1997 by a team of Michael Adam, Eugene Lambert, Martin Lueck and Anthony Todd. The team also founded the AHLInvestments, specializing in Managed Futures, but AHL was eventually sold to MAN Investments, and that fund is one of Man�s largest managed futures products.
The extraordinary growth in assets under management was the result of superior performance as well as new fund inflows. The firm�s flagship portfolio, the Aspect Master program, is a multi-strategy vehicle that returned 15.39% in 2003. The company also said that its Global macro currency-trading program had a spectacular gain of 25.43% in 2003 as well, while its International Fixed Income Strategy gained 11.7% during the same period.
Michael Adam, the Director of Risk and co-founder of the firm said Aspect�s Diversified strategy, its managed futures vehicle celebrated its 5-year anniversary in December 2003, and netted a gain of 20.48% for investors in the strategy in 2003. Adam attributed such gain to metal markets that experienced a rally last year.
Extraordinary growth in Aspect Capital�s assets has prompted the company to announce that it is going to open a New York office in 2004, to facilitate the company�s outreach to North America investors. Ted Logan will head the new office, the firm’s sales chief for the Americas, who is currently based in London.
Company executives declined to comment on the details for expanding their U.S. client list, however the company thinks that local sales office would help them better serve existing clients. U.S. investors currently make up for 15% of Aspect Capital’s assets under management. Many of the firm’s European clients are financial institutions and their parent companies are based in the U.S.
Paul Oranika
Editor-in-Chief
HedgeCo.Net
editor@hedgeco.net
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