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Cayman Finance Chairman Anthony Travers, OBE

Travers steps down as Cayman Finance Chairman

Wed, 09/02/2011 - 11:47

Cayman Finance Chairman Anthony Travers, OBE has stepped down from his post after two years in office. According to Cayman Finance, Travers want to spend more time attending to his other business ventures and with his family. During this transitional period, the remaining board members will share directional responsibilities, and an interim Chairman is expected to be announced imminently. Further announcements will be made in due course. »

Charles Gradante, Co-Founder of Hennessee Group

Hedge funds advance 0.65% in January

Wed, 09/02/2011 - 11:37

    The Hennessee Hedge Fund Index advanced 0.65% in January according to the latex figures released by the hedge fund adviser. In comparison the S&P 500 advanced 2.26%, the Dow Jones Industrial Average increased 2.72%, and the NASDAQ Composite Index climbed 1.78%.   Bonds also advanced, as the Barclays Aggregate Bond Index increased 0.12% and the Barclays High Yield Credit Bond Index advanced 2.21%. »

flat graph

Lyxor Hedge Fund Index flat through January 2011

Wed, 09/02/2011 - 10:00

The Lyxor Hedge Fund Index remained flat through January 2011. The top performing strategies over the month were Lyxor Merger Arbitrage Index (1.37%), Lyxor L/S Equity Long Bias (1.09%), and Lyxor Convertible Bonds & Volatility Arbitrage (1.03%).   The ‘Lyxor Hedge Indices’ are investable, asset-weighted hedge fund indices. They are based on Lyxor’s hedge fund platform that covers all the major hedge fund strategies and benefits from a high level of transparency and risk control, while ensuring weekly liquidity. »

Mark Rice, Senior Vice President and General Manager of Tamale at Advent

Advent's Tamale RMS carries strong momentum into 2011

Wed, 09/02/2011 - 06:00

Advent Software's Tamale RMS research management solution (RMS) – part of the firm's Advent suite – continues to expand its leadership across a diverse range of market segments and geographies. »

Anita Nemes, global head of capital introduction, Deutsche Bank

UCITS III funds to surge by more than USD185 billion in a year, says DB survey

Tue, 08/02/2011 - 17:00

Investors expect more than USD185 billion to flow into UCITS III absolute return funds in the next twelve months, according to a Deutsche Bank survey of the industry. Using current estimates that USD140 billion is under management in UCITS III absolute return funds, the survey indicates the size of the sector will double in the year ahead. »

Tom Florence, CEO of 361° Capital

361° Capital launches alpha focused long/short fund

Tue, 08/02/2011 - 16:00

361° Capital, an investment management firm focused historically on managing alternative investments for institutions, announced today the launch of its first mutual fund, the 361° Absolute Alpha Fund. »

Chris Cattermole, Geneva sales manager, Advent Software EMEA

Managers rethink structures and processes

Tue, 08/02/2011 - 13:45

By Chris Cattermole - The hedge fund industry is experiencing change as a result of money from pension funds and other institutions flowing back into the market. In the past this money would go principally to large firms with upward of USD5bn in assets under management, but in the current environment mid-tier to large managers with lower asset totals are also starting to benefit. »

Julian Korek, founding member, Kinetic Partners

‘Feel-better’ factor returns for London’s hedge fund managers

Tue, 08/02/2011 - 13:37

By Simon Gray - No-one is ready to say that the good times have returned for London’s hedge fund industry, but professionals say the sector is definitely on the mend after the traumas of the past three years, when a near-across the board slump in performance and a resulting wave of investor redemptions sent the industry worldwide assets plunging by at least 30 per cent (possibly more) from peak to trough. Today the trend remains resolutely in the other direction. »

Simon Dinning, managing partner, Ogier, London

Clouds start to lift for London managers

Tue, 08/02/2011 - 13:30

By Simon Dinning - The past year, like the two or three before it, has been a difficult one for the hedge fund industry in London, but there are signs of positive activity as the number of new fund launches continues to increase. A significant forward stride has brought some resolution on one of the industry’s biggest headaches over the past two years, the European Union’s Directive on Alternative Investment Fund Managers. While not perfect, it is in much better shape than many dared hope. »

David Butler, founder member, Kinetic

Hedge fund sector demonstrates staying power – for now

Tue, 08/02/2011 - 13:20

By Simon Gray - After a year in which some reports suggested that London’s hedge fund industry was about to up sticks and move en masse to Switzerland, there are still few signs that the city’s dominance within Europe is coming to an end. The number of actual departures so far is small even if some of the names involved have been high-profile; meanwhile the ranks of the industry are being swelled by a surge of start-up operations launched by individuals exiting existing asset managers or the proprietary trading desks of investment banks. »


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