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The Credit Suisse Liquid Alternative Beta Index (CSLAB), which aims to reflect the performance of the global hedge fund industry, finished down 1.42 per cent in January. The Managed Futures strategy was the strongest performer for the month, with a return of 3.31 per cent, while the Merger Arbitrage strategy also finished in positive territory with a returun of 0.37 per cent.   The other three strategies that make up the CSLAB were all down with Long/Short recording the biggest decrease of -2.37 per cent, closely followed by Event Driven (-2.24 per cent), while Global Strategies was down 0.73 per
Paladin Capital Group, headquartered in Washington DC, is a leading global private equity investor in some of the world’s most innovative companies; particularly those that are developing new technologies in the cybersecurity space.  Mike Steed (pictured), Paladin’s Founder and Managing Partner, is unequivocal in his view that hackers are no longer merely interested in targeting individuals to steal financial information; rather, hacktivists or state-sponsored groups are targeting critical infrastructure to disrupt society, and to compromise the identities of US citizens.  Recently, Steed wrote an article on Paladin’s website entitled “Paladin’s 2015 Cyber Year in Review and Key Trends Shaping 2016”.
LoCorr Funds has appointed Ann Senne as Chief Operating Officer as of 1 February, 2016. Senne will be heading up the management and oversight of product research and development, marketing, and the fund management process for LoCorr. She will drive efforts in the firm’s product development team and help facilitate the development of new products within the alternative marketplace to expand LoCorr Funds offerings. She will also be in charge of the firms day-to-day marketing operations and strategic planning.   Prior to joining LoCorr Funds, Senne served over 20 years at RBC Wealth Management in numerous capacities. Most recently, Ann
Linedata has launched its digital Linedata Mobil'Ekip solution, which allows key tasks and information to be managed and accessed from mobile platforms, such as smart phones and tablets. It operates in conjunction with the core Linedata Ekip360 system. Linedata Mobil'Ekip covers the entire value chain from sales to operations and end-users. Rather than simply reproducing existing core features, Linedata Mobil'Ekip adds additional value with a completely new mobile experience accessed via smartphones and tablets (IOS, Android). Users can directly scan and input business cards and exchange documents with decision-making platforms in real-time. Linedata Mobil'Ekip is an integral part of the
Dutch hedge fund specialist Theta Capital Management has added VR Global Offhore Fund Ltd (VR Global) to its flagship Legends Fund. VR Global, which is run by Richard Deitz, supported by a team of nearly 40 people and offices in London, New York, Moscow, and Dubai, predominantly invests in distressed debt and specialises in emerging markets.   The Legends Fund, launched in February 2010, allocates to a selection of 10-15 ‘legendary’ hedge fund managers. This way it offers access to some of the most renowned money managers that are typically closed to new investors. The selection of managers in Legends
The January 2016 average daily transaction value on the Euronext cash order book stood at EUR8,682 million (+0.6 per cent compared with January 2015). The first twelve months of the year are the best month ever in terms of number of transactions with an average daily number of trades of 2,210,632 double counted. The previous record dates back to August 2011 at 2,176,366 trade).   Activity on ETFs remained particularly dynamic during January with an average daily transaction value at EUR815 million, up 37 per cent compared to January 2015.   The average daily volume on equity index derivatives was
Mygale, the new vehicle for the European-focused event driven strategy that CIO Neil Tofts previously deployed at Deephaven Capital Management, KBC Alternatives, and Merrill Lynch, has launched the Mygale Event Driven UCITS Fund on the MontLake UCITS Platform. Toftsl has over 19 years' experience in successfully running event driven portfolios and funds. Each of the investment professionals in the Mygale team has worked with Neil over a number of years and specialise in the nuances of European event driven investing.   The Fund is diversified across a number of strategies, including merger arbitrage, catalyst driven investments, relative value and special
The drive towards unbundling research budgets from execution services under MiFID II will alter the fund industry landscape, placing greater pressure on smaller asset managers as the research tap – funded by commissions spent by their billion dollar brethren – slowly dries up.  Changes are already afoot as banks use ‘ghosting’ to scale back the volume of research that smaller managers receive. This is because sell-side institutions will be required to disentangle research from trade commissions and as such place greater focus on the value of research being produced. There will be no free lunch. Fund managers, large and small,
First Names Group has appointed Eric Fady (pictured) as Chief Financial Officer (CFO) with immediate effect. Reporting directly to the CEO, Cengiz Somay, Fady will assume overall responsibility for delivering on the Group’s financial support needs in order to help achieve its vision for continued growth. Working closely with the board, management team, finance team (led by Andy Ruddy) and our private equity partner, AnaCap Financial Partners LLP, Eric will oversee corporate finance, accounting, investor relations and capital and financing strategies for the Group.   Fady has over 20 years’ international and corporate finance experience working for public and private
The Depository Trust & Clearing Corporation’s (DTCC) Global Markets Entity Identifier Utility (GMEI Utility) has issued more than 200,000 legal entity identifiers (LEIs) to entities from over 184 jurisdictions since its launch in August 2012. This represents a 20 per cent uptick year-on-year and approximately 50 per cent share of the total LEIs issued worldwide – more than three times the next largest Local Operating Unit (LOU).   The GMEI Utility is expected to continue to grow as global regulators increasingly mandate the use of LEIs. EU regulations, including Markets in Financial Instruments Directive/Regulation (MiFID/R), European Market Infrastructure Regulation (EMIR),

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