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Alternative investment provider Altegris has named Robert J Murphy as deputy chief investment officer.
Murphy will report to and work closely with Jack Rivkin, chief investment officer of Altegris.
He will join Altegris' investment committee and will be assuming specific portfolio and risk management responsibilities. Murphy joins Altegris after serving as the chief investment officer, co-portfolio manager and director of risk for Hatteras Alternative Mutual Funds, a subsidiary of Hatteras Funds, for the past five years.
"I am very pleased Bob has joined our team," says Rivkin. "He brings over 30 years of experience in asset management and
- 25/07/2014
A 9.3 per cent return in the first six months of 2014 has earned Saemor Capital’s Europe Alpha Fund a top ranking in the equity market neutral and quantitative peer group categories.
A pro-risk approach at the start of the year and subsequently a more cautious portfolio stance have worked out well, according to Saemor Capital’s founder and CEO Sven Bouman.
“The long as well as the short book of the fund performed well. Almost every sector made a positive contribution,” he says. “On a stock level, long positions Actelion, Pandora, Enel, Statoil and Yara were instrumental. Several short
- 25/07/2014
Mirabaud has seen strong growth in Spain in 2013, including a 400 per cent rise in the volume of SICAV and fund assets under management compared with 2012.
The number of SICAVs managed by Mirabaud rose from 10 in December 2012 to 36 in June 2014. This is a 260 per cent rise and makes the group one the most active players in the Spanish SICAV market.
Meanwhile, the Mirabaud Equities Spain fund, managed from Barcelona by Antonio Hormigos and Gemma Hurtado, is rated as one of Spain's top five equities funds. In the past year it multiplied AUM
- 25/07/2014
The number of funds notifying the Jersey Financial Services Commission (JFSC) of their intention to privately place into Europe under AIFMD rules has broken through the 150 mark.
Figures collated by the JFSC show that, as at 22 July, a total of 164 funds had opted to make use of Jersey’s private placement route into Europe.
In addition, 57 alternative investment fund managers have confirmed their authorisation under Jersey’s AIFMD private placement regime, and there are three depositaries in Jersey offering AIF Depositary services as well as others in the pipeline.
Figures from the JFSC also show that
- 25/07/2014
Phoenix Fund Services (UK) has received Financial Conduct Authority (FCA) approval to act as Alternative Investment Fund Manager (AIFM) for alternative investment funds (AIFs) under the new AIFMD legislation.
Phoenix Fund Services (UK) has been appointed as the AIFM for nine separate AIFs effective from 22 July 2014, including UK OEIC, unit trust and investment trust structures and three non-EU AIFs.
Phoenix Fund Services provides fund management, fund administration and fiduciary oversight for over GBP6.0 billion of assets.
- 25/07/2014
The London Metal Exchange (LME) is working with Colt Technology Services to launch LMEnet, a dedicated network providing a fast and secure connection to the exchange’s electronic systems, including LME Clear.
LMEnet will be underpinned by Colt’s dedicated trading network service, PrizmNet, and will support three tiers of connectivity options for LME users according to their performance and latency requirements.
LMEnet also features Colt’s new service-management tool, which enables users to monitor latency and bandwidth use with significantly increased granularity.
“In partnership with Colt, we are delighted to be able to offer LME market participants enhanced performance and
- 25/07/2014
- 25/07/2014
China’s burgeoning hedge fund industry has the potential to rival that of the US and become one of the world’s largest, according to the regional head of the CFA Institute.
AAM reports that Paul Smith, managing director of CFA Institute’s Asia-Pacific operation, said that the Chinese hedge fund market has been valued at about US$40 billion, making it the largest in Asia. While the MSCI China Index remained flat last year, hedge funds investing in Greater China gained an average of 20%.
“It’s growing very rapidly, although not many people focus on it because it’s entirely domestic at the
- 24/07/2014
The Securities and Exchange Commission has adopted amendments to the rules that govern money market mutual funds (MMFs), making structural and operational reforms to address investor risk while preserving the benefits of the funds.
The rules build upon the reforms adopted by the commission in March 2010 that were designed to reduce the interest rate, credit and liquidity risks of money market fund portfolios.
When the commission adopted the 2010 amendments, it recognised that the 2008 financial crisis raised questions of whether more fundamental changes to money market funds might be warranted.
The new rules require a floating
- 24/07/2014
- 24/07/2014
The Prytania Group has appointed Jim Irvine, formerly head of fixed income at Henderson Global Investors, as chief executive officer with effect from 1 September 2014.
Irvine will be responsible for Prytania Investment Advisors’ asset management and investment advisory activities and Prytania Solutions’ valuations, modelling and analytical services.
Joe Cook, retiring chief executive who will remain on the board of Prytania as a director, says: "We are delighted to have Jim join us as chief executive. Jim’s wealth of experience and in-depth knowledge of structured finance and the wider credit markets will be of great service to Prytania and
- 24/07/2014
The US Commodity Futures Trading Commission (CFTC) has issued a no-action letter that provides additional time for reporting parties to comply with certain reporting requirements of the ownership and control final rule (OCR Final Rule).
The OCR Final Rule, which was published in the Federal Register on 18 November 2013, requires the electronic submission of trader identification and market participant data on new and updated reporting forms.
These reporting forms collect new information to better identity participants in futures and swaps markets.
The OCR Final Rule requires reporting parties to begin submitting the forms electronically by 15 August
- 24/07/2014
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