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Cayman based alternative fund governance specialist Danesmead Partners has appointed former Soros Fund Management chief financial officer (CFO) Tracie Ahern as a director and principal of the firm.
Ahern (pictured_ will be based in New York and will serve as an independent director on alternative investment vehicles.
An industry veteran with 26 years of experience in the investment management industry she is a Certified Public Accountant with an MBA from New York University.
During her eight-year tenure at Soros, Ahern had responsibility for the treasury function, trade operations and firm wide budgeting and financial analysis, including all corporate
- 05/07/2016
- 05/07/2016
Jersey Finance has appointed An Kelles (pictured) as business development director for Greater China, to spearhead its strategy across the Far East.
Based in Jersey Finance’s Hong Kong office, Kelles will be responsible for expanding Jersey’s range of activities in the region, identifying opportunities for Jersey financial services businesses, and building relationships between Hong Kong, Greater China and Jersey. Kelles takes over the role from predecessor Yumei Zhang.
Originally from Belgium, Kelles joins Jersey Finance from the Intertrust Group’s Hong Kong office, where she was business unit director for the European and private equity teams. Prior to that, she
- 04/07/2016
Hawksford, the international corporate, private client and funds business, has appointed an accounting specialist with 12 years’ industry experience as an associate director.
Bobby Stirling will have oversight of Hawksford’s client accounting team and, working closely with senior staff, will be responsible for ensuring the highest standards of financial statements and book-keeping services and consistent client delivery.
He brings extensive technical knowledge and the application of accounting standards, including United Kingdom Accounting Standards, International Financial Reporting Standards and the US Generally Accepted Accounting Principles, to the role.
Stirling joins Hawksford from BDO Limited in Jersey where he was
- 04/07/2016
Navatar, the growth platform for alternative assets firms, has launched a new investment platform built specifically to help limited partners evaluate investment opportunities and manage their investments across funds.
Navatar Limited Partner Cloud is designed for large institutional investors, endowments, family offices, fund of fund managers, high net-worth individuals, consultants and advisors. The product helps LPs manage investments across multiple asset classes such as private equity, hedge fund, PERE, debt, infrastructure and venture capital.
A high number of interested LPs recently attended a webinar on the Limited Partner platform.
"With the vast array of investment products competing for their attention, investors
- 04/07/2016
BlackRock has launched the UK Strategic Alternative Income Fund, which provides UK defined benefit (DB) pension schemes with access to a range of alternative income sources in one portfolio.
The fund arrives at a time when pension schemes are increasingly seeking alternative income, as yields from traditional asset classes remain scarce.
A survey conducted in December 2015 of BlackRock’s largest institutional clients, representing USD6.6 trillion, found that private markets look set to prosper in 2016. More than half (53 per cent) intended to increase their allocation to real assets and 47 per cent intended to increase their allocation to
- 04/07/2016
The European Securities and Markets Authority (ESMA) has published the new list of members of its Securities and Markets Stakeholder Group (SMSG) following its approval by its board of supervisors.
The selected individuals begin a 2.5 year term on 1 July 2016 and will replace the group whose mandate expired on 30 June 2016.
The new SMSG will be composed of 30 individuals drawn from across 13 Member States and representing ESMA’s key stakeholder constituencies – financial market participants (10), employee representatives (2), consumer representatives (6), users of financial services (3), small and medium sized enterprises (2) and academics
- 04/07/2016
Four out of six of the MVIS family of investable Long/Short Equity Indices recorded negative performance in June.
The month’s biggest loser was the MVIS North America Long/Short Equity Index down 0.89 per cent, followed by the MVIS Global Long/Short Equity Index (-0.82 per cent), the MVIS Western Europe Long/Short Equity Index (-0.75 per cent0 and the MVIS Asia (Developed) Long/Short Equity Index (-0.58 per cent).
The MVIS Global Event Long/Short Equity Index was up slightly for the month with a return of 0.01 per cent, while the MVIS Emerging Markets Long/Short Equity Index gained 9.14 per cent.
- 04/07/2016
AITEC and the Alternative Investment Management Association (AIMA), the global representative for alternative asset managers, have launched a co-branded Illustrative Questionnaire for Due Diligence of Vendor Cyber Security.
The DDQ has been created to streamline the process of conducting due diligence on vendors servicing the alternative asset management industry.
The DDQ represents the superset of critical questions compiled by a committee of AITEC and AIMA members who are experienced in technology and operations.
The questionnaire will enable the industry to approach vendors as a single voice, consequently providing efficiencies in communication and ultimately increasing the market's understanding of
- 01/07/2016
- 01/07/2016
Irving H Picard, Securities Investor Protection Act (SIPA) trustee for the liquidation of Bernard L Madoff Investment Securities (BLMIS), says the seventh pro rata interim distribution from the Customer Fund to eligible BLMIS customers commenced on 30 June 2016.
The SIPA trustee is distributing approximately USD190.247 million on a pro rata basis to BLMIS account holders with allowed claims, bringing the aggregate amount distributed to eligible claimants to approximately USD9.47 billion. This includes approximately USD836.6 million in committed advances from the Securities Investor Protection Corporation (SIPC).
The seventh distribution represents 1.305 per cent of each claim dollar and will be
- 01/07/2016
BarclayHedge has ranked Elberon Investment Fund as one of the world's top-performing "long bias" equity funds for the three-year period ending on 31 March 2016.
Elberon, which is managed by Bruce Salomon, ranked number eight globally and number two in the US among more than 230 long-biased funds.
All funds ranked had at least USD10 million in assets under management and an average net exposure greater than 35 per cent. Elberon is the only Texas-based fund that finished in the top ten.
“It’s a tremendous honour to be singled out as a fund that uniquely compounds capital over
- 01/07/2016
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