Vega tops $1bn mark

After a year that proved very difficult for Vega Asset Management's four core hedge funds, its manager platform, holding 12 other products, has breached the $1bn mark in external investments. The group's president Michael Mann said the platform contains a range of strategies run by non-Vega employees, far beyond the company's main focus on fixed income/global macro and foreign exchange. In return for infrastructure, marketing and other support Vega offers its platform to fund managers and takes a stake in the success of the funds. Mann added the 12 funds had performed "extremely well". L...