All news

Computer screen

Backstop acquires PerTrac CMS

Backstop Solutions Group, a Software-as-a-Service provider to the alternative asset management industry, has acquired the PerTrac CMS product line, a customer relationship management tool built exclusively for the institutional investment community. »


Gus Black, Dechert

Understanding the legal issues of structuring a hedge fund and Fund Management Company

One of the discussion panels at the Bloomberg Hedge Fund Start-up Conference on 28 November 2012 in London explored some of the legal issues start-up managers need to think about when establishing both the fund, and the fund management structure. Entitled Legal: Getting it Right from the Start, the panellists included Gus Black, Dechert LLP (pictured); Richard Perry, Simmons and Simmons LLP and Chris Hilditch, Schulte Roth & Zabel LLP. »


James Williams, Hedgeweek

Gibraltar to slash UCITS application fees by more than 60 per cent… UCITS funds make average gains of 0.21 per cent in April…

The UCITS Alternative Index Global posted gains of 0.21 per cent in April according to Alix Capital, who host the index. This puts the index at +1.80 per cent for 2013, compared to +1.28 per cent through April last year. Continuing on from strong gains in March, the UAI CTA posted the best performance for April, up +1.81 per cent to leave it at +4.13 per cent for the year. »


Up arrow

Credit Suisse Liquid Alternative Beta Index up 1.11 per cent in Apri

The Credit Suisse Liquid Alternative Beta Index was up 1.11 per cent in April, according to Dr Jordan Drachman, head of alternative beta strategies at Credit Suisse. »


Financial results

Och-Ziff reports net income of USD26.1m in Q1

Och-Ziff Capital Management Group has reported GAAP net income of USD26.1m, or USD0.17 per basic and diluted class A share, for the first quarter ended 31 March 2013. »


Globe

HFRX Global Hedge Fund index up 0.6 per cent in April

Hedge funds performed well in April, with the HFRX Global Hedge Fund index closing up 0.6 per cent for the month and up 3.8 per cent for the year-to-date. »


Handshake

Liquidity Finance appoints Davydova to emerging markets fixed income team

Liquidity Finance has appointed Marina Davydova to its emerging markets fixed income team, expanding the company’s focus on the CIS market. »


Fund administration

TwentyFour Asset Management appoints Northern Trust for fund administration

TwentyFour Asset Management has selected Northern Trust to provide custody, fund accounting, financial reporting, compliance and company secretarial services to a new asset-backed securities fund domiciled in Guernsey. »


Don Steinbrugge, Agecroft Partners

JOBS ACT to benefit investors, says Agecroft’s Don Steinbrugge

Mary Jo White, who became chairman of the US Securities and Exchange Commission on 10 April, is pushing to adopt the JOBS ACT without major changes and potentially adding additional investor protections at a later date.  »


Document signing

Sterling Trust changes name to Equity Institutional

Sterling Trust, a custodian of alternative assets, has completed a name change to Equity Institutional, a Division of Equity Trust Company. »


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