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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.
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- 15/03/2016
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
- 15/03/2016
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
- 15/03/2016
- 15/03/2016
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
- 15/03/2016
- 15/03/2016
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
- 15/03/2016
- 15/03/2016
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
- 14/03/2016
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
- 14/03/2016
Market participants have eliminated more than USD750 trillion in notional principal outstanding using triReduce, TriOptima’s risk-constrained, multilateral compression service for OTC derivatives, established in 2003.
Since launch, more than 210 financial institutions worldwide have participated in this significant risk-reducing achievement which includes compression across a broad spectrum of products: cleared and uncleared interest rate products in 27 currencies, credit default swaps, commodity swaps, inflation swaps, cross currency swaps, and FX forwards.
Currently TriOptima delivers triReduce compression for cleared trades in collaboration with leading clearinghouses (CCPs) around the globe. TriOptima also offers triReduce to CLS members for FX forwards.

Reducing
- 14/03/2016
Point72 Asset Management (Point72), the family office managing the assets of its founder, Steven A Cohen (pictured), and eligible employees, has appointed Dr Gio Valiante as Head Performance Coach.
Valiante has been consulting at the Firm for the past 18 months and will continue to work one-on-one with Point72’s investment professionals to improve performance.
“We constantly invest in developing our people and help them to become masters of their craft,” says Doug Haynes, President of Point72. “Dr. Gio Valiante’s work offers our professionals the opportunity to work with a proven and world-renowned performance coach. We expect his work will
- 14/03/2016
SS&C Technologies Holdings has completed the acquisition of Citi's Alternative Investor Services Business, a provider of hedge fund and private equity fund administration services. SS&C acquired the business unit from Citi for approximately USD321 million.
Citi's Alternative Investor Services Business is a top 10 fund administrator and through the acquisition SS&C will add more than 1,400 staff across 13 offices, 265 customers, and approximately $395 billion in assets under administration. The acquired Alternative Investor Services Business group will operate as a business unit within SS&C GlobeOp and continue to be led by its current leaders, Mike Sleightholme on hedge fund
- 14/03/2016
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