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Proskauer has appointed Bruno Bertrand-Delfau (pictured) as a partner in the firm’s private investment fund’s practice based in London.
Bertrand-Delfau has extensive experience in private equity secondary transactions, notably advising Ardian (formerly AXA Private Equity). He has worked on many landmark transactions in the industry – both in Europe and the US – and advises institutional investors on their primary investments in private equity funds and other related transactions.
Nigel van Zyl, head of the European Private Investment Funds Group, says: “We are thrilled to have Bruno join our team. His experience strengthens our position in the private equity industry
- 07/07/2015
S&P Capital IQ has launched a new intra-day municipal bond pricing service designed to assist regulatory and industry efforts aimed at bringing about greater transparency to the market.
Provided by Standard & Poor's Securities Evaluations Inc., a business unit of S&P Capital IQ specialising in multi asset class mark to market solutions, the new service will enable users to track pricing on over three million bonds throughout the trading day.
This new service has been designed to support portfolio managers, advisors and back offices looking to develop solutions that address recent Securities & Exchange Commission (SEC) rules requiring institutional
- 07/07/2015
The Organisation for Economic Cooperation and Development (OECD) – the international standards-setter for tax transparency and cooperation – has underlined Guernsey’s reputation as a cooperative jurisdiction.
Monica Bhatia, Head of the Secretariat of the OECD Global Forum on Transparency and Exchange of Information for Tax Purposes, says: "I am very surprised that Guernsey has been included in a list of non-cooperative jurisdictions. We are very pleased with the cooperation Guernsey has shown as a very active member of the Global Forum.
“It has demonstrated its commitment to upholding the highest standards of transparency and exchange of information. This is evident
- 07/07/2015
Hedge funds suffered a blow in June, with the Lyxor Hedge Fund Index down 2 per cent. The industry is nonetheless outperforming traditional asset classes in a context in which the correlation between equities and bonds is positive. In June, the MSCI World was down 2.6 per cent and sovereign benchmarks were down on both sides of the Atlantic (the 10-year Bund price is down 2 per cent; 10-year Treasury price down 1.7 per cent).
- 06/07/2015
Hawksford has appointed Moira Ashby as an associate director. Ashby (pictured) will be part of the team responsible for defining, building and growing Hawksford’s corporate business.
A tax specialist, she has had extensive exposure to a large variety of corporate clients including trading businesses, banks and life assurers. Over the past nine years she has been involved with complex engagements ranging from UK and Jersey tax compliance through to structuring advice, transactions, due diligence and FATCA/CRS advisory.
Ashby joins Hawksford from Ernst & Young in Jersey where she worked for four years in the financial services tax team. Prior
- 06/07/2015
Fried, Frank, Harris, Shriver & Jacobson has appointed Gregg Beechey (pictured) as a partner in the firm’s Asset Management Practice in London.
Beechey is a regulatory attorney who focuses on alternative investment funds and the EU Alternative Investment Fund Managers Directive (AIFMD). He counsels a range of financial sector clients in connection with issues related to financial promotion, authorisation and ongoing compliance, structuring and marketing, regulatory capital, agreements with customers and service providers, anti-money laundering and Financial Conduct Authority regulation generally.
This development follows Fried Frank's announcement in May about the expansion of its Asset Management Practice to Europe
- 06/07/2015
Zuma Bay Capital, a California registered investment advisor (RIA), has launched the Zuma Bay Volatility Fund, which aims to deliver consistent market-neutral returns with limited downside exposure.
The fund utilises a strategy that trades S&P 500 volatility (ie VIX) derivatives, namely VIX ETFs/ETNs and vertical spreads on their related options. The manager implements a proprietary quantitative model using market data and macroeconomic inputs to forecast changes in the VIX in order to optimise trade timing and limit downside risk.
“We are very excited about the launch of this fund. It utilises a volatility trading strategy that we developed for
- 06/07/2015
EI Sturdza Investment Funds has launched of the EI Sturdza Strategic European Smaller Companies Fund, which will be managed by Bertrand Faure and his team of European equity investment experts.
The new fund will hold a concentrated portfolio of 20 to 30 investments selected from a universe of approximately 2,000 Western European small and medium capitalisation companies. This specific universe has been covered on a daily basis by the Investment Adviser’s team for more than 13 years.
The Investment Adviser will seek to invest in securities of companies with reliable management teams and priced significantly below their intrinsic value.
- 06/07/2015
Steamboat Capital Partners has launched its event-driven, long-short strategy on the Sciens Managed Account Platform. Steamboat is a fundamental, value oriented investment firm that specialises in undervalued and catalyst driven investments.
The vehicle on the Sciens Managed Account Platform follows an opportunistic investment strategy primarily in US listed equity and debt securities across the market capitalisation spectrum, industry sectors and capital structures, with a focus on capital preservation. The strategy is deploying minimal leverage and has a long term investment horizon. The portfolio is concentrated in high conviction ideas on both the long and the short sides.
The strategy
- 06/07/2015
The lack of hedge funds’ excess returns since the financial crisis put the industry under rising pressure. In this 12th edition of the White Paper, we review the causes and identify the key hedge fund performance drivers. We put to test these drivers under three long-term macro-economic scenarios. It is reasonable, in our view, to expect hedge funds to deliver an annual excess returns in the 5-6 per cent range above the Libor 3M, with low volatility.
Criticism against the lack of hedge funds outperformance climaxed in 2014. Hedge funds have underperformed traditional asset classes since the financial crisis. Despite
- 06/07/2015
- 06/07/2015
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