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SEC-registered alternative investment adviser SG Capital Management has appointed two seasoned research analysts, Jonathan R. Evans and Lawrence Harvey Weisman. They will share responsibility for idea generation alongside the equity analyst team.   Evans began his career in the finance industry as an equity research analyst and portfolio manager for Heartland Capital.   Evans joined Conseco Capital Management in 1993 as a research analyst and portfolio manager for their insurance wrapped mutual fund products. Evans was recruited by Friess Associates, manager of the Brandywine Funds, as a research consultant from 1996 to 2006. Following his decade with Friess Associates, Evans became
Australian-based fund administrator MainstreamBPO has expanded its operations into the UK and Europe following receipt of in principle regulatory approval from the Malta Financial Services Authority (MFSA) to act as a fund administrator. The announcement follows the Ggoup’s recent move into the US via the opening of its New York office and acquisition of Fundadministration.   It also has operations in Australia, Hong Kong and Singapore.   Malta is one of the key domiciles of alternative investment funds in the European Union, alongside Luxembourg and Ireland, with a net asset value of EUR10 billion in over 500 locally based funds.
Orlando-based Inside Advantage PR – a specialist in hedge funds, law firms and wealth management firms – is broadening its reach into New York City with the opening an office in Midtown Manhattan. The new space, located at 275 Madison Avenue, will serve as the home for several of the agency’s north-eastern clients.   Inside Advantage PR’s president Jonathan Beaton says the expansion is long overdue.   “Many of our clients are already located in Manhattan, or have an office in the city,” he says. “Our new presence will further bolster those relationships and help us build new ones.”  
Cumbersome client data acquisition and onboarding processes, along with trading delays due to missing or inaccurate client documentation, are top concerns for buy-side firms, according to a report from TABB Group. The study found 62 per cent of respondents experience challenges gathering and maintaining data from their clients, including the need to ask clients for additional documentation to ensure data correctness and consistency for Anti-Money Laundering (AML)/Know Your Customer (KYC) compliance.    TABB Group’s research suggests that individual investment managers could avoid costs of over USD11,000 per onboarding by improving client data and document management processes.   In addition, the
Omni Partners’ Omni Event Fund marked its third anniversary on 1 September, with USD355 million of assets under management in the strategy. The Omni Event Fund delivered a 16.6 per cent net return to iinvestors in 2015 and is currently up over 8 per cent through the end of August 2016, as cited by BarclayHedge.   The fund is actively managed from Omni’s Irvine, California office and invests in the securities of companies undergoing significant corporate actions and other hard catalyst events globally.   Chief investment officer John Melsom says: “The robust corporate action environment, combined with our focus on
The Preqin All-Strategies Hedge Fund benchmark saw returns of 0.97 per cent in August, down from gains of 2.23 per cent in July. This takes overall industry performance in 2016 YTD to 4.67 per cent and 12-month performance to 4.86 per cent.   August also represents the sixth consecutive month of positive performance for hedge funds, the longest period of monthly gains seen since the industry recorded 12 consecutive months of gains in June 2012 to May 2013.   All leading strategies recorded positive performance; equity strategies were again the best-performing leading strategy, returning 1.31 per cent for the month,
Financial services provider SS&C Technologies has acquired Wells Fargo Global Fund Services, a provider of administration, middle-office, operations and cash/collateral management services to alternative investment managers. The terms of the deal have not been revealed.  Wells Fargo GFS administers more than USD42 billion in alternative assets, covering a wide range of complex strategies traded by global portfolio managers including fixed income; credit; distressed; structured credit; macro; equity; commodities; CDO; CLO; private equity; private debt; real estate and hybrid structures. Wells Fargo’s fund administration business services its clients through its global network of offices in Hong Kong, London, New York, Minneapolis
There are five ways to improve the impact of your hedge fund pitch book with institutional allocators, according to JD David (pictured), partner and chief operating officer at Meyler Capital. David says: “We produce a fair amount of marketing collateral… and in the process have exposure to a lot of manager material. While one can argue whether or not a ‘right’ or ‘wrong’ approach exists to building a marketing deck, there is a compelling case to be made that there is definitely a ‘better’ and ‘worse’.   “In conversations with allocators, the deck’s primary purpose is to address some very
AlphaClone, a provider of alpha-seeking active indexes for long-term investors, has launched the AlphaClone Small Cap Index and AlphaClone Value Manager Index. The indices seek to give investors the potential to outperform passive market indices by accessing the investment ideas of the world’s most established hedge funds.   They follow the same proprietary Clone Score methodology used by AlphaClone’s Hedge Fund Downside Hedged Index and AlphaClone’s International Downside Hedged Index.   Last year, the firm filed with the Securities and Exchange Commission to register four new exchange-traded funds (ETFs).   “Pursuing the potential for alpha is even more important today
While the application of artificial intelligence (AI) in asset management has become a much discussed topic over recent months, Frankfurt-based fund manager Tungsten Capital already has a three-year live track record with its short-term CTA Tungsten TRYCON Basic Invest HAIG. The alpha strategy, driven by algorithms of artificial intelligence, was launched in September 2013 and passed USD100 million in assets under management for the first time this month. It has a Sharpe ratio of 1.03 and has provided gains of 4.33 per cent YTD.   Pablo Hess (pictured), one of the minds behind the strategy, attributes the sound results predominantly

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