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Throgmorton hires two senior tax practitioners

Tue, 20/04/2010 - 05:58

Throgmorton, a UK accountancy and professional services provider to the hedge fund, private equity and corporate finance industries, has added two senior tax industry practitioners to its growing team. »

Citi launches operating platform for hedge funds

Mon, 19/04/2010 - 16:09

Citi Investor Services has launched a global operating platform specifically for hedge funds.  The offering provides Citi’s existing and future hedge fund administration clients a fully integrated infrastructure spanning the complete operating lifecycle of a hedge fund: from receipt of trade to daily operations, calculation of the NAV through to the generation of the investor statements. Citi’s end-to-end solution will establish standardised applications and processes across each region. »

Cairn Capital to manage Credaris Credit Fund

Mon, 19/04/2010 - 14:32

Cairn Capital, the London based credit asset management and advisory firm, has assumed management of the Credaris Credit Fund, which pursues a liquid long-short strategy in European corporate credit. »

Hilltop launches fund of hedge funds

Mon, 19/04/2010 - 13:37

Hilltop Fund Management has launched its London-based business and its alternative fund of hedge funds approach. The All Weather Fund, managed by Rory Hills (pictured), is a fund of hedge funds designed to deliver consistent, absolute returns in all environments through a portfolio of uncorrelated hedge funds, unconstrained by investment style.   The fund, domiciled in Gibraltar, will invest in approximately 15 underlying hedge funds diversified by investment approach and geography. »

Fund of hedge funds see renewed inflows

Mon, 19/04/2010 - 13:22

Fitch Ratings says hedge funds appear to be benefiting from renewed interest from institutional investors, who believe they provide better opportunities than those offered by straight equity or credit market investments. Hedge fund inflows turned positive in the second half of 2009 and investor interest has increased, according to asset managers polled by Fitch and data vendors. »

Gottex market neutral and alpha strategies outperform in 2009

Mon, 19/04/2010 - 12:07

Joachim Gottschalk, chairman and chief executive of Gottex Fund Management, will tell shareholders at the company’s annual general meeting today that its core market neutral and portable alpha strategies outperformed their relevant indices and benchmarks by substantial margins in 2009. Gottschalk will also say that 2009 was an unpredictable year, which included an extraordinary rally in global capital markets and outstanding performance for hedge funds in general. »

Appleby opens office in Guernsey

Mon, 19/04/2010 - 11:52

Appleby, a provider of offshore legal, fiduciary and administration services, is opening its office in Guernsey today. The group will now have 81 partners, 215 lawyers and over 800 staff worldwide. The new office will practise Guernsey law with a focus on corporate and commercial law, private client and trust matters, litigation, insolvency and restructuring and, following approval by the Guernsey Financial Services Commission, will offer a range of fiduciary services. »

Canadian hedge fund index up 1.78 per cent

Mon, 19/04/2010 - 10:34

The Scotia Capital Canadian Hedge Fund Performance Index finished March 2010 up 1.78 per cent on an asset weighted basis and up 1.33 per cent on an equal weighted basis. The index underperformed major global equities and broader hedge fund indices on both an asset and equal weighted basis. »

Keeley launches Alternative Value Fund

Mon, 19/04/2010 - 06:38

Keeley Asset Management has launched the Keeley Alternative Value Fund, which aims to achieve long-term capital appreciation as well as protect capital during adverse market conditions.  The fund will be managed using an alternative strategy, combining the research experience of Keeley Asset Management with the active risk management techniques of the fund's sub-adviser, Broadmark Asset Management.  The fund will seek to provide incremental downside market protection through Broadmark's tactical hedging process.  »

Barclays Capital’s Radar strategy celebrates anniversary

Mon, 19/04/2010 - 06:10

Barclays Capital’s Research Analysis Driven Absolute Return strategy has celebrated its first anniversary with a return of 29.7 per cent net of fees.   Managed by Barclays Capital’s in-house fund manager, Barclays Capital Fund Solutions, Radar is a long/short macro tactical asset allocation strategy designed to provide stable absolute positive returns from a diversified pool of global assets. »

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