All news

Mark Westwood, Threadneedle

Threadneedle to launch UK Absolute Alpha Fund

Threadneedle plans to launch the UK Absolute Alpha Fund in quarter four, reinforcing its absolute return fund range.  »

Acquisition

Stenham acquires Montier Partners

Stenham Asset Management has expanded its investment team with the acquisition of Montier Partners, a discretionary investment management provider. »

Managed futures

Westcore Capital to launch managed futures products

Westcore Capital, a brokerage service firm, is set to launch managed futures products and services that will cater to the cash and derivative markets via its alternative investment strategy division. »

Sham Gad, founder and managing partner of Gad Capital Management

Gad Capital initiates proxy contest for Paragon Technologies

Gad Capital, an investment fund and beneficial owner of 6.5 per cent of the common stock of Paragon Technologies, has launched a proxy contest to elect a new board of directors at Paragon's 15 December 2010 annual meeting. »

Amsterdam

Dutch hedge funds profit in July

Dutch hedge funds gained an average 0.2 per cent in July, as measured by the Finles/IEX Dutch hedge fund index, despite their very cautious positioning. »

Andrew Williams, CEO, City Financial

City Financial launches Asian fund of funds advised by Clontarf Capital

UK asset management firm City Financial has launched the City Financial Asian Absolute Growth Fund, its first foray into the Asian fund of funds market and its first fund primarily targeted at institutional investors.   »

Alasdair Haynes, chief executive of Chi-X Europe

Chi-X Europe starts trading international depositary receipts

Chi-X Europe, the pan-European stock exchange, has started trading international depositary receipts. »

Nigel Strachan, head of business development, Kleinwort Benson Jersey

Jersey funds head sees opportunities for mezzanine rebound

Nigel Strachan (pictured), head of business development at Kleinwort Benson’s corporate services business in Jersey and the new chairman of the Jersey Funds Association, sees new opportunities for mezzanine finance to pick up the slack where leverage from traditional sources is thin on the ground. »

Asia Pacific

ABN Amro Clearing relocates senior manager to Asia Pacific

ABN Amro Clearing is relocating Chris Lee, global head of market access and brokerage, from London to Hong Kong. »

Trophy

Credit Suisse and UBS named share leaders in European equity trading

Credit Suisse and UBS have been named the 2010 Greenwich share leaders in European equity trading, with each firm boasting a market share in excess of 11 per cent of overall institutional trading volume in European stocks. »

Man with binoculars

UCITS attracting hedge fund managers looking for institutional investors

With recent reports and individual commentators suggesting that US pension fund allocations into alternative investment vehicles will rise from their current three pe »

Henning von Issendorff, Tungsten Capital Management

Fund Spotlight: Tungsten-PRO ART ERV UCITS-III Fund

This week’s spotlight is on Frankfurt-based Tungsten Capital Management and their market neutral absolute return PRO ART ERV Fund. »

Julie Bouhuys, Founder and CEO of Concerto

Concerto AM wins EUR60 million mandate from Goodhart Partners

US corporate credit manager, Concerto Asset Management, has won a EUR60 million credit alpha absolute return mandate from London-based multi-manager boutique, Goodhart Partners. »

Tim Gardner, Global Head of Sales, Signet

Signet launches global multi-strategy fund of funds

Signet, the London and Swiss-based fund of hedge funds management and advisory group, is preparing to launch the Signe »

Up arrow

UCITS funds make slight gains in August, Macro on top

August results show that global hedge funds, using Hedge Fund Research’s HFRX UCITS III-compliant index, made modest gains of +0.17 per cent, bringing them to +0.18 per cent YTD. »

Shaun Lynn, president, BGC Partners

BGC Partners trades fully electronic Euro interest rate swaps

BGC Partners, an intermediary to the wholesale financial markets, has completed its first fully electronic Euro interest rate swap transactions over its hybrid voice and electronic execution platform, BGC Trader IRS, which went live on 1 September. »

Thumb down

Hedge funds see negative returns in August

Returns for the Credit Suisse Liquid Alternative Beta Index suggest that hedge funds were negatively impacted by broad market sell-offs in August, although certain sectors showed resilience amid the increased market volatility. »

Handshake

KPMG hires associate partner to lead asset management valuation team

KPMG has appointed James Dimech DeBono as an associate partner in its financial risk management practice. »

David Gray, UBS, Head of Prime Brokerage, Asia Pacific

UBS adds five to prime brokerage division

The APAC prime brokerage division of Swiss banking giant, UBS, has been a hive of activity of late, with five new executi »