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Skënderbeg has been voted Best Single-Strategy Fund of Hedge Funds at this year's Hedgeweek Global Awards. The 2016 Hedgeweek Global Awards, which were presented at a luncheon ceremony in Mayfair, recognise hedge fund industry participants, including funds and service providers for their success and contributions in their respective areas.   “It is an honour to be recognised by Hedgeweek with an award given to those who have demonstrated excellence in the hedge fund industry,” says a statement from Skënderbeg. “The awards were based on a shortlist of top performers during 2015 produced by Preqin, which was put to vote by
India Index Services & Products Limited (IISL), a National Stock Exchange (NSE) group company, and Singapore Exchange (SGX) are to introduce futures on Indian sector-specific index futures on SGX. This is the first time that derivatives on Indian sector indices are being launched outside India.   SGX will list four USD-denominated index futures contracts based on IISL’s sector indices, specifically the SGX Nifty Bank Index Futures, SGX Nifty IT Index Futures, SGX Nifty CPSE Index Futures and SGX Nifty Midcap 50 Index Futures.   The introduction of sector index futures contracts will deepen SGX’s Indian product offering and will provide
The Chartered Alternative Investment Analyst (CAIA) Association is to organise an interactive session to present a deeper understanding of the alternative investments industry. The first-of-its-kind event will be held in Mumbai on 16 March, 2016, commencing at 11 AM, followed by a networking lunch. Alternative investments, which have been used by large institutions, endowments and private investors for quite some time, have become mainstream in the recent years. Alternative investments utilise a different approach to investments compared to traditional equity or fixed income investments.   Such investments have the potential to enhance the risk and/or return characteristics of an investment portfolio.
Ultimus Fund Solutions is to provide comprehensive fund administration services to Memphis, Tennessee- based Preserver Partners, (Preserver) as the firm launches its first mutual fund. Preserver is an SEC-registered alternative asset management firm managing funds for public and corporate pension plans, corporations, foundations and individual investors. The Preserver Alternative Opportunities Fund, which launched through the Capitol Series Trust (CST) platform, is designed to bring Preserver’s primary strategy to a broader market. The Fund brings Ultimus’ series trust platform to more than 55 funds from 36 advisors, as Ultimus continues to expand its role in the series trust market.   As
The Hedge Fund Association (HFA) has made two US regional leadership appointments to enhance its growing Midwest presence. HFA's board of directors has appointed Lisa Tamburini and John Maddente as Co-Directors of HFA's Midwest region, where they will organise educational and networking events in Chicago, Milwaukee and additional locations. "Our expanding calendar of 2016 symposiums in Chicago is already strengthened by the teamwork of Lisa Tamburini and John Maddente, demonstrated by HFA's successful January hedge fund marketing program and the upcoming March 16th symposium Women in Hedge Funds," says Mitch Ackles (pictured), HFA President. "We are delighted to have these
Cowen Prime Services has been named Best Global Prime Broker at the 2016 Hedgeweek Awards. This award is based on a peer review system whereby Hedgeweek’s readers, including institutional and high net worth investors, hedge fund managers, and other industry professionals at fund administrators, prime brokers, custodians, and advisers, select the top performer in a series of categories.   Michael S Rosen, Global Co-Head of Prime Brokerage Services, says: “It is gratifying to have been recognised by industry peers for our leadership in prime services. This award is meaningful because, as former investment managers who understand the complexity of launching
Pacific Fund Systems Limited (PFS), the leading global provider of fully integrated fund accounting and administration software via the PFS-PAXUS application, has appointed Lisa Nelson as PFS Chief Financial Officer. Nelson will be based in PFS’s new European operational headquarters located in the Isle of Man. She will report to Paul Kneen, COO, and will be responsible for all group financial matters including invoicing, accounting, and group audit liaison. Nelson comes to PFS with significant experience in the funds sector having previously worked with the Bank of Bermuda and HSBC Securities Services, where she held the position of Global Chief
The hedge fund industry improved on losses of 2.69 per cent in January, but still posted negative performance of -0.06 per cent in February, according to figures released by Preqin. Macro strategies posted the greatest gains (0.55 per cent) and are the only leading hedge fund strategy to hold a positive 2016 year-to-date return (0.88 per cent). In comparison, credit strategies continued to struggle, recording their fourth consecutive month of negative returns with losses of 0.86 per cent. 2016 YTD performance for the strategy is now at -1.92 per cent.   Meanwhile, CTAs continued their robust performance with gains of
Lyxor Asset Management (Lyxor) and Koris International (Koris) have launched a Dynamic Core-Satellite (DCS) alternative multimanager strategy, underpinned by the DCS model devised by Koris. Koris will act as investment advisor, while Lyxor will manage the weekly liquidity, AIFMD-compliant strategy.   The investment strategy aims to achieve long-term capital growth while limiting drawdowns in adverse market conditions. Specifically focused on the long-short equity segment, it uses a dynamic and innovative Core-Satellite approach. The Core strategy seeks to generate stable returns within a limited volatility by investing in a selection of managed accounts and alternative UCITS. Alternatively, the Satellite strategy aims
Shifts in regulation and changes in attitudes towards reputation are prompting a rise in the inward migration of alternative fund managers to Jersey, delegates at a major annual funds conference have heard. Discussing trends within the alternative fund space, panellists at this year’s Jersey Finance London Funds Conference agreed that a growing focus on governance, substance and reputation was presenting opportunities for Jersey to affirm itself as a major centre for fund management as well as fund servicing.   The net asset value of funds under administration in Jersey grew over the final quarter of last year to stand at

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