Opus Fund Services, a hedge fund administration firm, has opened an office in the heart of San Francisco’s financial district. The office will initially focus on client relationship management and business development. "Fund administration is rapidly becoming a critical component
Friends Life, the insurance and pension provider, has agreed a new syndicated loans mandate worth GBP200 million with Ares Management. The alternative asset manager will be investing in UK and overseas senior secured syndicated loans. The deal marks Friends
Hedge funds posted an estimated outflow of USD3.8bn in December 2009, according to TrimTabs Investment Research and BarclayHedge. December’s outflow is the industry’s first since July 2009. At the same time, hedge fund assets grew to a 12-month high of
The Institute for Global Asset and Risk Management is launching an online library and continuing education centre featuring current research on investment management, risk management, economic trends and regulatory frameworks. Ingarm’s mission is to provide an open platform that facilitates
Jersey Finance is hoping that a recent increase in visits to the Gulf by both the regulator and senior government ministers will boost finance business attracted from the region. In addition to the recent activity which included visits to the
Sixteen per cent of institutional investors have a current allocation to managed accounts and a further 23 per cent are considering a maiden allocation to a managed account structure over the course of 2010, according to a survey by Preqin.
The London Metal Exchange is to create LME Asia, opening its first overseas office in Singapore in April this year. The LME has 26 category one and two members with offices in Singapore and is looking to more closely engage
Nautical Capital Management, an asset management company specialising in the development and management of commodity portfolios, has launched its commodity-based absolute return strategies. The firm offers investors both systematic and discretionary absolute return and enhanced index strategies. These commodity strategies,
The HFRI Fund Weighted Composite Index declined by 0.71 per cent in January after posting a gain of 20 per cent in 2009. Performance was mixed across main hedge fund strategies with gains in relative value arbitrage and event driven
Fitch Ratings says the hedge fund industry performed well in quarter four 2009 and experienced a return of net new money inflows. The broad HFRI composite index was up 2.7 per cent in the quarter and 20 per cent over
