Latest News
Muzinich & Co, an institutional asset management firm specialising in corporate credit, has appointed Rafael Ximenez de Embun and Jesus Belascoain as it continues to strengthen its team in Madrid.
Ximenez de Embun joins Muzinich to lead the Marketing and Client Relations team for Spain and Portugal. He brings over 20 years of experience in both wealth management and asset management and most recently was Head of Julius Baer Wealth Management business in Spain & Portugal.
Belascoain joins from JP Morgan Asset Management where he spent more than 9 years developing the fund distribution business.
Ersilia Molnar, Muzinich Managing
- 09/03/2015
CME Group has named Christopher Fix as Managing Director and Head of Asia Pacific.
Fix will be based in Singapore and will be responsible for leading CME Group's efforts to develop benchmark products and services to meet the needs of its customer base in the region. He will join CME Group on June 3, 2015, and will report to London-based William Knottenbelt, Senior Managing Director and Head of International, CME Group.
In addition to his new role, Fix has been appointed to the Board of Dubai Mercantile Exchange (DME) and as Chairman of DME Asia Pte Ltd. DME was
- 09/03/2015
The Cayman Islands has been named as the best hedge fund services jurisdiction at the 2015 Hedgeweek Global Awards in London.
Hedgeweek is the largest online news publisher serving the investment and wealth managers market.
Minister of Financial Services Wayne Panton said the Hedgeweek award confirms that Cayman is a preferred place for doing business.
“This truly is a jurisdictional achievement, founded on the historically strong relationship between Government and the financial services industry,” says Panton. “It’s proof that Cayman’s model works; our legislative framework meets client needs, and our regulatory mechanisms ensure the soundness and global reputation of our
- 09/03/2015
As we’ve seen recently, the hedge fund industry is going through hard times and many doubt it will ever return to the glory days when hedge funds were the crème de la crème of Wall Street, says James C Paine (pictured), founding partner at West Realty Advisors & the Head of Acquisitions…
2014 was a challenging year for hedge funds. Stating that hedge funds “don’t merit a continued role” due to complexity and high fees, the largest pension fund in the nation, Calpers announced in September it would exit it’s USD4 billion in hedge fund investments. Comparing the S&P 500
- 09/03/2015
Permal is one of the first fund managers to take advantage of the new Irish Collective Asset management Vehicle or ICAV structure, with plans to use it to bring up to USD4bn of assets onshore.
Under the new legislation, which became law on 4 March, funds that are already regulated under the UCITs structure or the Alternative Investment Fund Managers Directive (AIFMD) can take the ICAV route to onshore regulation in Ireland. Permal can now market funds across Europe with the new structure.
Over the next several months, Permal expects to move approximately 30 accounts, totalling approximately USD4 billion,
- 09/03/2015
The dissident voice of the outspoken shareholder activist may have grown slightly louder in February, as Event Driven hedge funds led a strong month of hedge fund industry gains, with the HFRI ED: Activist Index posting the strongest monthly gain in two years.
Overall, the HFRI Fund Weighted Composite Index® posted a gain of +1.85 per cent for the month, the best performance for the broad-based composite since February 2014, with gains across all strategies led by Event Driven, Equity Hedge and a recovery in Energy-focused strategies. The HFRI Fund of Hedge Funds Index advanced +1.63 per cent for the
- 09/03/2015
DMS Offshore Investment Services (DMS has been named Best Offshore Regulatory Advisory Firm 2015 in the annual Hedgeweek Global Awards.
DMS was similarly awarded in 2014 in Hedgeweek's Global Awards, and was also recognised as Best Offshore Regulatory Advisory Firm in Hedgeweek's US Awards in New York City.
"DMS is honoured to be recognised again this year for the quality of our service to the global hedge fund industry," says Anne Storie, CEO of DMS. "This endorsement of our work from the readers of Hedgeweek gives us even more impetus to continue to innovate and perform at the highest level
- 06/03/2015
Preqin’s Olivia Harmsworth takes a detailed look at the private real estate market in Germany, including the latest data for closed funds and funds in market, as well as information on investors based in Germany.
Germany-focused fundraising
Preqin’s Real Estate Online service contains detailed information on over 4,400 private real estate funds, including 111 which focus on investments in Germany. Extensive profiles feature detailed information on fundraising and closes held, known investors, performance data and direct contact information for key decision makers. As shown in Fig 1, fundraising for Germany-focused private real estate funds has remained at relatively low levels, declining
- 06/03/2015
- 06/03/2015
Financial services software and software-enabled services provider SS&C GlobeOp has created a new group to support fund administration, accounting and reporting for hybrid fund structures.
The industry continues to witness the convergence of the traditionally separate asset classes of hedge funds and private equity style closed-end funds. More and more funds include fixed income assets such as bank loans and distressed debt held in a private equity structure with a waterfall mechanism and capital calls. Other examples include private investments as part of a hedge fund portfolio strategy or a fund-of-fund investing in private equity investments, and trading in securities
- 06/03/2015
Sandell Asset Management has sponsored the launch of Sandell Re, a Bermuda based reinsurance company that can invest in the firm’s global event driven investment strategy.
The strategy will be managed in a separately managed account with an investment objective substantially similar to Sandell Asset Management’s main hedge funds.
Sandell Re was recently incorporated and licensed as a Class 3A reinsurer by the Bermuda Monetary Authority (BMA). Sandell Re was sponsored by Sandell Asset Management Corp (SAMC) of New York, NY. SAMC, through an investment management agreement, will manage the assets of Sandell Re using the firm’s global event driven
- 06/03/2015
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