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Denver-based hedge fund firm Arrowpoint Partners has appointed Minyoung Sohn as portfolio manager of the Meridian Equity Income Fund.
Arrowpoint manages USD7 billion in assets for high-net-worth and institutional investors, and is the investment adviser to the Meridian Funds.
Sohn is a founding partner of Arrowpoint. Previously, Sohn served as an executive vice president and portfolio manager at Janus Capital, where he managed USD10 billion in assets for the Janus Growth and Income Fund (2004 to 2007) and the Janus Fundamental Equity Fund (2005 to 2007). He has 16 years of industry experience and is based in Arrowpoint's Denver
- 31/10/2014
Hedgeweek is working in collaboration with S&P Capital IQ on its forthcoming “6th Alpha Series Event” entitled: Using Cross Asset Signals In Equity Markets.
This event, which is to be held on 4 November 2014, from 8.00-10.00am at The Chemistry Centre, Burlington House, Piccadilly (Room: The Library), will build on research into the potential pay-off from integrating event driven signals into the equity investment process. This session is specifically for asset managers and hedge funds.
Please click here to register your interest.
The speakers are:
Dave Pope CFA, Managing Director, Quantamental Research, S&P Capital IQ
Yin Luo, CFA, Managing Director
- 30/10/2014
SunAmerica Asset Management has launched the SunAmerica Flexible Credit Fund, sub-advised by Newfleet Asset Management.
The fund invests in two specialised fixed income asset classes: floating rate loans and high-yield bonds.
These asset classes, often referred to as leveraged finance, offer the potential for attractive income and total return while also helping to protect against interest rate risk.
“We’re really excited to partner with David Albrycht from 20-time Lipper award winner Newfleet Asset Management,” says Mike Treske, executive vice president and chief distribution officer at SunAmerica. “Floating rate loans and high-yield bonds have been among the best-performing fixed
- 30/10/2014
Hedge funds recorded net outflows of USD9.5 billion as long/short equities, event-driven, and macro funds strategies reported the largest outflows, Eurekahedge’s preliminary data for September 2014 reveals. However, year-to-date, hedge funds are up 3.82 per cent, witnessing net inflows of USD60.7 billion in 2014.
According to Eurekahedge’s October 2014 report, the preliminary data for September revealed that managers have posted performance-based losses of USD1.2 billion, the current amount of assets under management in the global hedge fund industry stood at USD2.13 trillion as of September 2014.
North American funds clocked net asset outflows of USD5.2 billion while posting performance-based losses
- 30/10/2014
Euronext is planning to launch a full rapeseed derivatives solution on 14 November 2014, which will allow the industry to trade individual futures and options contracts for rapeseed grain, meal and oil.
Euronext is the first exchange in the world to offer this combination of hedging instrument for rapeseed.
The new rapeseed derivatives complex will cover:
• Futures and options contracts for rapeseed grain
• Futures and options for rapeseed meal
• Futures and options for rapeseed oil
The three contract combination covers the entire supply chain, offering a solution to the increased volatility of rapeseed oil
- 30/10/2014
Prologue Capital Management, an alternative investment adviser that manages a discretionary fixed income strategy, has added Robert Stever to its investor relations team.
Stever will be responsible for investor relations in the US and will work out of the firm's Greenwich, CT office, reporting to Chris Millar, head of investor relations.
Stever joins Prologue from Man Group/FRM, where he served four years as a trading strategies and structured credit analyst sourcing new hedge funds and monitoring existing investments across all asset classes. Before that, he was a senior research analyst at Spring Mountain Capital where he was responsible for
- 30/10/2014
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
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