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New York-based Pulteney Street Capital was established in 2013 by Sean McCooey. Launched in May of 2013, the PSP Multi-Manager Fund (`PSP') is a multi-manager, multi-strategy liquid alternative fund. By using an SMA structure, Pulteney Street is able to monitor portfolios in real time, allowing it to tactically re-allocate capital among managers. Typical investment strategies include: long/short equity, event-driven and liquid credit.
With respect to identifying new managers, emphasis is placed on combining both emerging and established fund managers into the PSP fund. Of the 800 managers that pass the initial screening stage, Pulteney's team then evaluates and performs due
- 13/10/2015
2015 has been a big year for Concept Capital Markets, LLC. Earlier this year, the firm entered into an agreement to be acquired by Cowen Group, a leading growth investment bank and alternative investment manager with a heritage dating back to 1918.
Through its acquisition of Concept Capital, Cowen will add a significant prime brokerage arm to its overall offering. The deal should prove synergistic to both parties.
"Cowen is a notable name in the institutional equity research, sales, trading and investment banking business through its Cowen and Company brokerage, as well as in the alternative asset management space through
- 13/10/2015
Multi-award-winning hedge fund administrator Opus Fund Services was established in Bermuda in 2006, subsequently expanding its footprint into the US with offices in Chicago (2008), San Francisco (2009), New York (2013), Portland (2014) and most recently Dublin. It serves over 250 fund managers and 325+ funds with a combined AUM exceeding USD10.5 billion.
As well as seeing an uptick in private equity, venture capital and real estate strategies during 2015, Opus continues to focus on traditional hedge fund strategies. "We have seen many managers stick to the basics, focusing on stock picking and "best ideas" investing. We also continue to
- 13/10/2015
New York-based Protégé Partners, LLC was founded in 2002 to focus exclusively on investing in small and emerging managers with an opportunistic approach to seeding.
In total, Protégé manages approximately USD2 billion in assets. Its flagship fund-of-funds invests in 32 managers (as of 31August, 2015), 23 of which are considered "core" managers, the other 9 being "periphery" managers. Core is defined as any manager with an allocation in excess of 1.5 per cent of the fund at cost.
As of August the flagship fund pays an average 1.5 per cent management fee and 18.05 per cent incentive fee to underlying
- 13/10/2015
DMS Offshore Group's core business is providing offshore independent directors. Whilst the firm offers the largest independent directorship service in the Cayman Islands, in recent times it has started to provide New York-based independent directors.
"The backgrounds of those individuals are somewhat different and complementary to the already strong Directors in Cayman," says John D'Agostino (pictured), Managing Director of North and South Americas. "DMS now offers a wider range of Director expertise including buyside and investor LP experience – from directly serving as a COO of large hedge funds to the Operational Due Diligence leads at major global banks."
Managers
- 13/10/2015
The Lyxor MAP has north of USD8 billion in assets under management and has approximately 80 funds available in a hedge fund managed account format.
But it's not only offshore hedge fund managed accounts that investors are looking for today.
According to Daniele Spada (pictured), Head of Lyxor MAP, there is a strong trend in Europe for UCITS funds.
The Lyxor Alternative UCITS platform has seen its stable of funds grow to eight in total – six external single manager funds and two internal single manager funds.
The latest fund, which launched 19th June, is the Lyxor/Chenavari Credit Fund, a
- 13/10/2015
By Marianne Scordel – For the third year running, Bougeville Consulting has been asked by Hedgeweek to look at the US hedge fund landscape, particularly as it relates to its European counterpart.
At a time when the global financial markets are integrated in many ways, we had previously highlighted some differences between, and idiosyncrasies relevant to, hedge funds in the US and in Europe. We had explained why the gap was not surprising given the sector's histories, investor's landscape and regulations on either side of the Atlantic.
This report follows on from what we wrote for Hedgeweek in 2014 and
- 13/10/2015
The Portfolio Amalfi™ platform by Nedelma Inc offers multi-asset, multi-language and multi-currency dynamic reporting and data visualisation and analysis capabilities to the asset management industry. The platform also offers data aggregation tools as well as portfolio management solutions and a calculation engine.
In addition to Portfolio Amalfi, Nedelma has an online investor document repository with document approval workflow and interactive reporting.
"The platform can be added to existing in-house and third-party products," says CEO Michael Medvinsky (pictured), who founded Nedelma after previously holding senior technology positions at Goldman Sachs and UBS. "Integration is quick and requires minimal input from
- 13/10/2015
With over 1,300 employees in international locations, over 250 employees and 40 partners dedicated to the financial services practice, EisnerAmper LLP has the breadth to handle global enga
- 13/10/2015
Agecroft Partners was founded by Don Steinbrugge (pictured), who has 30 years of experience in the institutional investment management industry. Agecroft specialises in consulting and third party marketing for hedge funds.
"Agecroft has changed the model of hedge fund third party marketing," says Steinbrugge. "Most third party marketing models are based on leveraging personal relationships and doing extensive entertaining. Ours has been to build a global brand with a reputation as an industry thought leader, strong institutional investment knowledge and representing very high quality managers.”
Steinbrugge has been a prolific writer of industry thought pieces and white papers, having written
- 13/10/2015
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