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Hedge fund managers and institutional investors feel performance is one of the key drivers of change in the industry at present, according to a survey by Preqin.
Following returns of 1.97 per cent in 2015, hedge funds posted overall gains of 1.09 per cent through H1 2016, considerably below the double-digit figures seen in 2009-2013.
However, beyond the modest gains of the Preqin All-Strategies Hedge Fund benchmark there are some strategies and geographies which have recorded substantial returns.
Macro strategies are the highest performing top-level strategy in the past 12 months (+3.14 per cent), followed by CTAs (+2.49
- 02/09/2016
Ashburton’s India Equity Opportunities Fund has reached USD100 million in assets under management (AUM) just ahead of its four-year anniversary.
The fund, which has outperformed its benchmark by more than 60 per cent over the past three years, is managed by Jonathan Schiessl, Simon Finch and Craig Farley.
Schiessl, chief investment officer of Ashburton’s international business, is ranked in the top five India equity managers globally and rated AAA by Citywire. Investment research company Morningstar has given the fund 4 stars for its three-year track record.
The fund, part of the Ashburton Investments Luxembourg-domiciled SICAV range, also recently
- 01/09/2016
STOXX, the operator of Deutsche Boerse Group’s index business, has held its regular annual review of the STOXX Blue-Chip Indices, among them the STOXX Europe 50, EURO STOXX 50 and STOXX Nordic 30 indices.
The company has also held the second semi-annual review of the STOXX Eastern Europe 50 Index.
All changes will be effective with the open of European markets on 19 September 2016.
The following stocks will be added to the EURO STOXX 50 Index: Adidas (Germany, personal & household goods); Ahold Delhaize (Netherlands, retail); and CRH (Ireland, construction & materials). The following stocks will be
- 01/09/2016
Lemanik Asset Management, an independent Luxembourg-based asset manager with USD20 billion of assets held in 230 sub-funds, has chosen Linedata’s compliance monitoring software – Linedata Compliance.
To comply with the UCITS and AIFM directives, which impose rigorous controls and strict transparency discipline, asset managers need a risk management system and investment restrictions set-up that can be adapted to changing regulatory requirements and that minimises operational risk.
In view of the strengthening of regulatory constraints and the growing number of funds under its responsibility, Lemanik Asset Management has decided to manage its report production by itself.
Operating in real
- 01/09/2016
- 01/09/2016
Spring Valley Asset Management (SVAM) has appointed Brian Zeitz as its chief technology officer (CTO), with responsibility for the management and oversight of the firm's technology infrastructure.
This includes overseeing systems design, operational planning, disaster recovery/business contingency planning and cybersecurity.
Prior to joining SVAM, Zeitz was director of technology at NuWave Investment Management (2007 – 2016), performing similar responsibilities under the direction of SVAM’s current managing principal John Ryan.
Zeitz began his career as an Avionics Technician in the United States Navy (1988-1991). Following his honourable discharge from the navy, he was employed as a civilian contractor at the
- 01/09/2016
- 01/09/2016
Man Group has appointed Brian Broesder and Westin Lovy as managing directors based in firm’s Connecticut office.
They are both joining from Bridge Lane Capital, a firm they co-founded in 2012 which specialises in private debt transactions with small and lower middle market companies in North America.
Broesder and Lovy will continue to manage Bridge Lane’s portfolios at Man Group. Bridge Lane currently has over USD125 million in committed capital.
Prior to co-founding Bridge Lane in 2012, Broesder was managing director and portfolio manager at credit manager Whitecap Advisors, which he joined at its inception in 2003.
Broesder’s
- 01/09/2016
- 01/09/2016
Twelve Capital Group has launched its insurance equity strategy.
The portfolios launched to date have a focus on M&A activity in the insurance sector and are designed to offer investors access to the attractive investment opportunities across the entire (re-)insurance balance sheet.
The launch further complements Twelve’s existing strategies, insurance-linked securities and insurance debt, which the firm has been running for several years.
Urs Ramseier (pictured), managing partner and CEO of Twelve Capital Group, says: “Twelve was established with the aim of providing institutional investors access to the interesting investment opportunities across the insurance balance sheet. After ILS
- 01/09/2016
From 4 October 2016, trading participants on the EEX Derivatives Market will be able to hedge against volume risks in the generation of wind power within the German/Austrian market area using EEX’s new Wind Power Futures product.
The Wind Power Future is the second “Energiewende” product to be launched by the exchange and comes in response to the increasing challenges with regards to the energy transition.
In September 2014, EEX launched trading in Cap Futures, a Derivatives Market product for hedging against price peaks on the German Intraday Market.
“Unlike the Cap Future, the Wind Power Future addresses volume
- 31/08/2016
Joshua J Yang has joined the Chicago office of K&L Gates as a partner in the firm’s investment management, hedge funds and alternative investments practice.
He joins K&L Gates from Winston & Strawn.
Yang represents investment managers in the formation and structuring of private funds, including hedge funds, commingled funds, and group and collective investment trusts.
A chartered financial analyst, he also advises banks, registered funds, and hedge funds in derivatives documentation as well as on a broad range of Dodd-Frank and US Commodity Futures Trading Commission registration and compliance issues.
Additionally, Yang counsels Chinese futures companies
- 31/08/2016
BoardEx has launched three services aimed at improving the performance of quant funds, banks, law firms and consulting firms.
They are a quant data feed containing management changes and relationships; a competitive tracking service for banks and law firms; and a mobile app.
“We have a number of key clients that we work with regularly to innovate around identifying and tracking connections for business development,” says Michael Crosby, president of BoardEx. “There isn’t another service out there that can do what BoardEx can do.”
The new Competitor Network release enables the tracking of competitive firms. Users can quickly identify
- 31/08/2016
- 31/08/2016
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