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ALTIN, the USD240 million multi-strategy fund of hedge funds listed on the London and Swiss stock exchanges, ended the year in positive territory (+2.20 per cent YTD), 2 per cent to 3 per cent ahead of hedge fund and fund of fund indices, which were on average negative in 2015. The HFRI FoF Index and the MSCI World Net Return Index recorded -0.34 per cent and -0.87 per cent over the same period.    The ALTIN share price was up +11.42 per cent and +12.04 per cent on the Swiss (SIX) and London (LSE) exchanges respectively in 2015. Over the
The average reported cash compensation for hedge fund professionals was down this year coming in at USD351,000, according to 2016 Hedge Fund Compensation Report. The decrease of 5 per cent on last year’s figure was driven by lower bonus payouts. Although average base compensation increased by single digits again this year, lower bonuses pulled down total hedge fund compensation.   "Despite smaller bonuses, over half of our respondents expected to take home more cash compensation than last year," says David Kochanek (pictured), Publisher of HedgeFundCompensationReport.com.   It is weaker fund performance that is driving lower bonus payouts. This year 75
By Daren Glenister (pictured), Field CTO for Intralinks – Will 2016 be the year that businesses finally stop being their own worst enemies when it comes to data security? In 2015, incident after incident demonstrated that management and IT staff are largely oblivious to bad employee practices, such as the use of unsanctioned, consumer-grade file sharing apps. And, if they are aware of the behaviours, they’re often unaware of the associated risks.  A Ponemon Institute  report found that more than 60 percent of C-level executives – including IT leaders – confessed to accidentally forwarding documents to people not authorised to
David E Barrett, a transactions lawyer with significant financial institutions experience, has joined Norton Rose Fulbright’s New York office as a partner. Barrett comes to Norton Rose Fulbright from Skadden, Arps, Slate, Meagher & Flom LLP. Barrett’s practice focuses primarily on acquisitions and disposals, restructurings, securities offerings and other transactions involving financial institutions and financial services businesses. His transactional experience includes significant cross-border matters and acquisitions as well as divestitures of financial services firms operating on a global scale.   Barrett represents a wide range of clients, including global universal banks, investment managers, securities and investment firms, private equity and
Abacus Group, a provider of hosted IT solutions for hedge funds and private equity funds, has reported rapid growth throughout 2015, including the expansion of its US market footprint into key geographies, and new strategic partnerships. Continued demand for Abacus’s managed cloud service offerings has produced in excess of 50 per cent annual year-over-year growth, leading the company to expand its presence into several key geographies including Los Angeles, Dallas, and Charlotte, and most recently Boston. These new locations are dedicated to improving and providing support for Abacus’s private cloud products and services that hedge fund and private equity firms,
Confluence, a global leader in investment data management automation for regulatory, financial and investor reporting, has appointed Gary Casagrande (pictured) as Global Head of Investor Communications & Expense Solutions, a newly created position for the firm. Casagrande has more than 20 years of experience in the financial services industry covering mutual fund operations, regulations, project management, and quality control.   In his new role, Casagrande will oversee a line of business charged with defining and implementing the go-to-market strategy for Confluence's global suite of investor communications and expense management solutions, which include financial, marketing and legal reporting, as well as
The European Energy Exchange (EEX) and Power Exchange Central Europe (PXE) have signed an agreement in Prague whereby they will enter into a closer cooperation. In doing so, EEX will become the new majority shareholder, acquiring 66.67  per cent of PXE shares. This transaction will be settled in cash from EEX own resources and is expected to be closed by the end of the first quarter 2016, subject to approval by the competent authorities.   EEX Group provides the central market platform for energy and commodity products which includes contracts for Power, Natural Gas, Coal, Oil, Environmental Markets, Freight, Metals
Basel III reforms have fundamentally changed how asset managers are connected to the financial system, with hedge funds challenged to understand expense, usage and access to the financing power grid. That’s according to a joint survey and report by the Alternative Investment Management Association (AIMA), the global representative body for alternative asset managers, and S3 Partners, a leading financial data, analytics and services firm.   Jack Inglis (pictured), CEO of AIMA, says: “There is no doubt that the Basel III banking standards are having a significant impact on hedge funds and other alternative asset managers. Financing costs are rising and
Total global hedge fund capital rose to USD2.90 trillion in Q4, as financial market volatility, driven by concerns about slowing Chinese growth and energy market weakness, accelerated into year-end, according to the latest HFR Global Hedge Fund Industry Report.  Hedge fund capital increased by over USD22.8 billion on the previous quarter with the performance asset gain offsetting a small investor net capital outflow of USD1.52 billion in Q415, the first quarterly net outflow since Q411.  The HFRI Fund Weighted Composite Index® posted a gain of 0.8 per cent in Q415, but declined 1.0 per cent for full-year 2015, only the
Cognolink, a research partner for hedge funds and private equity funds, has announced a new name and brand identity for the company, becoming ‘Third Bridge’ both in the UK and globally. This move is designed to align the firm’s naming and identity with its strategy and future growth plans under one unified, global brand.   Third Bridge provides private equity firms, mutual funds, hedge funds and strategy consultants with qualitative insights to better understand the true value of their investment opportunities. These range from one-to-one or group consultations between investors and industry experts, to syndicated reports offering unbiased intelligence on

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