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Alternative investments provider Equinox Financial Group has made two promotions in its portfolio management team.
Effective 1 November, Ajay Dravid will become the chief investment officer of Equinox Institutional Asset Management and Rufus Rankin will assume the role of director of research of Equinox Institutional Asset Management.
"These promotions will strengthen the leadership within Equinox Funds' portfolio management and research team and underscore the firm's commitment to 'Building Better Alternatives,''' says Robert J Enck, president and chief executive officer of Equinox. "Both Dr. Dravid and Dr. Rankin have been instrumental in the conception, development and implementation of new products
- 30/10/2014
Arthur Levitt, former chairman of the US Securities and Exchange Commission (SEC), is to serve as advisor to bitcoin companies BitPay and Vaurum.
BitPay is the world’s largest bitcoin payment processor, while Vaurum is an institutional bitcoin exchange.
Levitt, the longest serving chairman of the SEC, will work closely with both companies to monitor business practices as well as help develop new ways to market and refine this new form of currency.
“Bitcoin is a fascinating new product in the rapidly changing world of financial service,” says Levitt. “I hope to help BitPay and Vaurum blend their new
- 30/10/2014
Confluence is to provide Mitsubishi UFJ Fund Services with a range of reporting solutions for its new Annex IV reporting services for alternative investment fund managers (AIFMs).
The new services allow AIFMs that are managing or marketing alternative investment funds (AIFs) in the EU to submit Annex IV reports to their relevant National Competent Authority (NCA), as required by the Alternative Investment Fund Managers Directive (AIFMD).
Annex IV reporting is one of the principle concerns of managers and funds in complying with the requirements of AIFMD. Involving 300 plus data points from fund, portfolio, manager and risk systems, the preparation
- 29/10/2014
Dallas-based investment management firm Highland Capital Management Fund Advisors has announced a 0.65 per cent expense cap on the Highland Global Allocation Fund (HCOAX).
Highland’s Global Allocation Fund (HCOAX) is a best in class strategy that invests across multiple asset classes and geographies with the goal of generating alpha in any economic environment. As of 30 September 2014, Morningstar ranked the Fund Class Y number one based on Total Return for the one year period among 506 World Allocation Funds.
Highland now has either expense caps or fee waivers in place in over half (eight out of 13) of
- 29/10/2014
Eurex Exchange continues to ensure market support for its recently launched listed variance futures contract, which is based on the EURO STOXX 50, the most prominent equity index in Europe.
DRW Investments, developer of the variance conversion methodology, has started its market making activity. Eurex and DRW collaborated in the launch of the contract in September; Eurex licensed DRW’s patented methodology earlier this year. DRW quotes the contract up to 50,000 notional vega at a spread of 1.5 volatility points.
“We are excited to provide liquidity in the new EURO STOXX 50 variance futures. We feel there is market
- 29/10/2014
ClearStructure Financial Technology has launched ClearStart, a programme which provides emerging hedge fund managers ready access to commercial grade portfolio management software.
In selecting Sentry PM as their new core investment management platform, the emerging managers share a common goal to drive growth, improve operational efficiency and eliminate financial leakage.
Sentry PM provides real-time processing that is cloud-delivered, and supports all their front, middle and back office needs. This includes order management, risk, pre/post trade compliance, GIPS performance, reconciliation, reporting and computing daily Net Asset Valuations.
“Emerging managers do not have the resources of their larger peers and
- 29/10/2014
Hedge funds consolidated their gains from the first half of 2014 in the third quarter, despite equity markets producing a mixed performance over the quarter, according to Deutsche Asset & Wealth Management Q4 Hedge Fund Outlook.
Discretionary macro and trend-following strategies in particular gained as the anticipation of extraordinary monetary policy by the ECB impacted bond yields and exchange rates.
Equities, as proxied by the MSCI World Index, gave back performance over the period. The quarter began in July with a sell-off in risk assets due to a cocktail of a very strong US GDP print, higher yields, a
- 29/10/2014
Carne Group has received authorisation for an independent AIFMD-compliant management company in the Channel Islands.
The new management company has become immediately operational with Carne Group’s fund clients. It is particularly suitable for alternative fund managers, including credit, hedge fund, private equity, infrastructure and real estate investment firms.
Carne has received authorisation as a fund services business from the Jersey regulator, the Jersey Financial Services Commission (JFSC).
Carne already has over 20 clients making use of its AIFMD management company solutions in Ireland and Luxembourg. The Jersey management company is the first to be approved outside the European
- 29/10/2014
Privium Fund Management has launched a new fund structure for emerging fund managers in Europe, the Privium Investment Fund.
The fund structure allows portfolio managers to develop a track record and generate performance within an institutional fund infrastructure.
Similarly to developments in the US, the number of emerging managers with alternative funds is growing rapidly in Europe. New investment themes and specialised skills provide tailored solutions for different investors. The evolution of alternative funds together with new regulations has made this asset class an interesting area for professional investors.
The Privium Investment Fund’s structure allows managers to focus
- 28/10/2014
The SEC has filed insider trading charges against a New Jersey-based hedge fund manager who allegedly used material, nonpublic information to trade in advance of market-moving news concerning Carter's Inc.
Stephen Slawson, who lives in Lebanon, New Jersey (NJ), and was co-founder and former manager to a hedge fund named TCMP3 Partners LP, is the eighth individual that the SEC has charged in connection with the agency's investigation into insider trading and other misconduct involving the securities of the Atlanta-based marketer of children's clothing.
According to the SEC's complaint filed in federal court in the Northern District of Georgia,
- 28/10/2014
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