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Cowen Prime Services, the prime services division of Cowen Group, has been named Best Global Prime Broker at the 2017 Hedgeweek Global Awards.
This is the second consecutive year that Hedgeweek has honoured Cowen Prime Services with this award.
The Hedgeweek Global Awards celebrate excellence among hedge fund managers and service providers and celebrates the achievements of firms that contributed to another significant year for the sector. The winners, who were presented with their awards in London on 3 March, were decided by a poll of Hedgeweek readers, who include both investors and managers as well as other industry professionals at
- 09/03/2017
Dixon Boardman, CEO and Founder of Optima Fund Management with USD3 billion under management comments on the famous Warren Buffett bet with Protégé Partners.
Boardman writes that Buffett won the bet, but lost the argument.
“We are great admirers of Warren Buffett. He is undoubtedly one of the greatest investors, having chalked up a remarkable record with Berkshire Hathaway.
However, we take exception to his disparagement of hedge funds in his recent annual letter to shareholders. He famously made a bet with Protégé Partners, the fund of funds group, that a passive investment in the S&P 500 Index would outperform
- 08/03/2017
- 08/03/2017
CBL Markets, a spot exchange operator for environmental commodity markets, has appointed John Melby to its board of directors.
Melby (pictured) is the managing partner of an independent consultancy where he advises major energy companies, financial institutions, governmental agencies and exchanges on energy and environmental markets.
“We are delighted to welcome John to the CBL Markets board as he brings a wealth of knowledge in environmental and energy markets,” says Donald H Putnam, chairman of CBL Markets. “Our team and clients will benefit from his expertise as we continue expanding into new markets and products.”
Previously, Melby was
- 08/03/2017
- 08/03/2017
Advanced Logic Analytics (ALA), a provider of enterprise wide big data and finance analytics solutions for buy- and sell-side institutions and other financial firms, has launched its core big data analytics platform, ALA OneLogic.
ALA OneLogic was developed to provide advanced big data analytics capabilities for financial markets firms requiring powerful mining, processing, managing and analysis of their enterprise-wide information assets and external data sources, in one optimised platform.
Nick Ellis (pictured), managing director at ALA, says: “Big data is complex and in itself it does not create value. Firms that are able to become masters of data through
- 08/03/2017
Close to three quarters of investors expect their hedge fund portfolios to perform better in 2017 versus 2016, according to Deutsche Bank’s 15th annual Alternative Investment Survey.
Performance-based gains are expected to drive industry assets to reach USD3.14 trillion by year-end, says Deutsche Bank’s poll of 460 hedge fund investors representing almost USD2 trillion in hedge fund assets.
The survey reveals that 2016 marked another year in which significant return dispersion shaped hedge fund performance. On average, investors’ top quartile funds returned 11.22 per cent in 2016, while respondents’ bottom quartile managers were down 6.86 per cent.
Manager
- 08/03/2017
Hedge funds extended recent gains in February, as global equity markets rallied and all main strategies produced broad-based gains, led by equity hedge funds specialising in healthcare and technology.
The HFRI Fund Weighted Composite Index (FWC) advanced 1.0 per cent for the month, the 11th monthly gain in the trailing 12 months, bringing YTD 2017 performance to 2.2 per cent.
February extends the HFRI FWC Index Value to 13,241, the third consecutive monthly record, according to data released by HFR.
The HFRI Asset Weighted Composite Index posted a slightly higher return of +1.2 per cent for the month,
- 08/03/2017
Sydney-based Dalton Street Capital, in partnership with Prodigy Investment Partners, has deployed the FlexTrade Systems’ FlexTRADER EMS to facilitate global cross asset trading of futures, equities and FX.
According to Alan Sheen, co-founder and director, Dalton Street Capital, choosing to partner with FlexTrade was an easy choice after reviewing the firm’s trading solutions and technical support.
“FlexTrade’s multi-asset trading EMS, combined with its automation capabilities and intuitive API interface, were truly impressive,” says Sheen. “Now we can automatically hedge our foreign exchange exposure while seamlessly managing cross asset risk.
“Also, one of our primary concerns was finding a
- 08/03/2017
The Tribeca Global Natural Resources Fund has been ranked the number one performing hedge fund in all strategies globally in the 2017 Preqin Global Hedge Fund report.
The fund is a long/short global natural resources fund focusing on large liquid opportunities in equities, credit and commodities. The fund’s investible universe includes hard rock commodities, energy, soft commodities and the service providers and infrastructure that wrap around these three groups.
Ben Cleary (pictured), co-portfolio manager, says 2017 is also looking to be a promising year for the fund.
“Despite a broad based selloff in global bonds, the Trump presidency and
- 08/03/2017
ACR Alpine Capital Research, a value-oriented asset management firm, has appointed Neel Shah and Mark Unferth as portfolio managers.
Shah and Unferth will lead ACR’s investments in performing and distressed credit, and work with the portfolio management team on investment idea generation, selection, monitoring and risk management.
“Mark and Neel’s proven expertise investing across the capital structure and their deep knowledge of assets spanning a multitude of industries will enhance ACR’s valuation process and opportunity set,” says Nick Tompras (pictured), founder and chief investment officer.
Shah and Unferth will be based in New York and report to Tompras.
- 08/03/2017
Dealogic has combined its buy-side products into a single offering, Dealogic Connect, creating an MiFID II compliant solution that links a network of 250-plus investment firms to 150-plus sell-side partners.
Dealogic Connect brings together Dealogic's acquisition of A2 Access' aggregated corporate access calendar, activity tracking and broker vote capabilities with Dealogic's recent launch of automated orders for primary market issuance.
Investment managers now have the ability to create an accurate, reconciled set of interaction data provided by their sell-side partners, evaluate their consumption of activities, and communicate with the sell-side in a compliant manner that meets MiFID II requirements.
- 08/03/2017
- 08/03/2017
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