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On 28 August 2015 Aberdeen Asset Management PLC launched a USD500 million liquid alternatives fund – the Aberdeen Alternative Strategies Fund – designed to give investors access to a portfolio of alternative strategies. At the time, Morningstar quoted Andrew McCaffery, global head of alternatives at Aberdeen as saying: "Alternative investment strategies are becoming increasingly central to client portfolios and moving into the mainstream. This is why we have seen such strong demand for this fund. Many investors are constrained by complexity, liquidity, transparency and regulation." This follows Aberdeen's acquisition of leading fund-of-hedge-funds manager Arden Asset Management and is just one
Incorporate the latest research advances and state-of-the-art practices in your investment business. Yale School of Management is teaming with the EDHEC-Risk Institute to deliver
Capital Support has released an new service, Cyber Secure, to meet the cybersecurity needs of alternative investment managers. Capital support says that Cyber Secure combines strong perimeter protection with live intelligent analysis to provide effective cybersecurity protection. Cyber Secure has been designed with the finance sector in mind. The service is provided in two models: Protect and Detect, and SIEM (Security Information and Event Management). Protect and Detect provides advanced next generation firewall functionality, helping to protect firms from cyber-attack whilst introducing higher visibility and promoting the safe use of systems by users. SIEM extends the Protect and Detect service
Global Prime Partners has appointed Sean Capstick as Head of Prime Brokerage with immediate effect. Capstick, who expects to double the size of the company’s broking business in three years, joins from RWC Partners, the USD11bn equity asset management business where he was both a member of the management committee and also Head of New Markets. Capstick had responsibility for all of RWC Partners client business outside of Europe. Prior to this, Capstick was European Head of Prime Brokerage at Bank of America Merrill Lynch. He has also held senior positions at Deutsche Bank, Morgan Stanley and Goldman Sachs. Julian
For a fund jurisdiction that refers to itself as an ‘Innovation Nation’, the Bahamas continues to build its profile and popularity among global fund managers, and, it is hoped that the next stage of its evolution will be to attract more institutional money. To underscore how innovation is having a tangible impact, the Bahamas is on track to exceed its previous high-water mark for fund registrations. With more than 800 funds, the island is back to pre-2008 levels and firmly on the rebound. “2015 has been a good year, the number of fund registrations is growing faster than fund liquidations,”
Karin Forseke, Chair of wealth manager Alliance Trust, is to step down from the company’s board on 1 January 2016. The Trust announced on 1 October 2015 that it would implement a number of significant changes intended to ‘position the Company better to deliver consistent outperformance in a cost-effective manner’, after coming under pressure from US activist hedge fund Elliot Advisors earlier in the year. As part of these changes, the Company is reorganising its governance structure to create a wholly independent Board and Forseke believes that, as this process nears completion, it is the appropriate time for her to
Hedge fund and private equity fund administrator Pinnacle Fund Services has selected PFS-PAXUS for the administration of the firm’s global fund operations business. David Smith (pictured), Managing Director at Pinnacle, says: ’The selection of PFS-PAXUS has been mainly due to its reputation in the market for its sophistication and reliability. At Pinnacle we are excited about growing our fund administration business and with PFS-PAXUS’s track record as a robust and proven platform we are confident that the system will allow us to meet our business objectives’. 

Pinnacle Fund Services is a fund administration company. It is supported by a team
HedgeCoVest has added another six models to its hedge fund mirroring platform giving RIAs access to over 40 hedge fund products. HedgeCoVest’s technology enables advisors to include hedge fund strategies in all their client’s investment portfolios, regardless of accreditation status, while providing intra-day liquidity and security level transparency. All HedgeCoVest clients receive the security benefits of separately managed accounts, while paying only one flat fee and receiving 1099s at the end of the year.   “Today’s advisors need access to uncorrelated products, like hedge funds, in order to manage their client’s portfolios in the face of increased market volatility and
Lyxor Asset Management (Lyxor) and Och-Ziff Capital Management (Och-Ziff) have launched the Lyxor/OZ US Equity Opportunities Fund on Lyxor’s alternative UCITs platform. The launch of this new US long/short equity strategy makes Lyxor the eighth alternative manager on the platform.   The Fund focuses on long and short investment opportunities in the US equity market, with the aim of producing positive, absolute returns with low volatility. The investment strategy employs an opportunistic approach that fuses deeply-researched, proprietary, long-term fundamental views with process-oriented expertise in corporate actions/events. The approach seeks to take advantage of mis-pricings in situations involving various types of
Haitong International Securities Group has successfully gone live with GBST Holdings’ Syn~ capital markets platform to create a new institutional middle-office solution that the firm says is now a key component of its business expansion. According to Haitong, due to rapidly growing trading volumes, its global institutional business needs an automated middle-office with low-latency matching and confirmations capability.

 Andrew Sullivan, Managing Director of Sales Trading, Haitong International, says: “We are happy with the adoption of the internationally accredited system GBST Syn~, we are looking forward to receiving positive feedback from our clients.”

GBST says Syn~’s workflows cater for a wide range

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