The RBC Hedge 250 Index had a net return of 0.78 per cent in December, bringing the year-to-date return of the index to 19.30 per cent, according to RBC Capital Markets. These returns are estimated and will be finalised by
Hedge fund recruitment consultant Edwin Ostrand has forecasted increased and highly selective hiring by the hedge fund industry in 2010. “Hedge funds are hiring again. That’s the good news,” says Ostrand. “However, the most successful ones are engaging in highly
Gemini Fund Services, a provider of pooled investment solutions, has been chosen by Leonard Asset Management to act as its full-service hedge fund administrator. Gemini will provide administration, compliance and regulatory advisory services. "Investors and financial advisers are demanding investment
Altin, the USD275m fund of hedge funds listed on the London and Swiss stock exchanges, increased weightings in macro, equity long short and credit strategies in the second half of 2009. The weightings were increased from 11.3 per cent to
Lazard Asset Management has launched its first US-based open-end liquid alternative equity fund, the Lazard Fundamental Long/Short Portfolio. The Lazard Fundamental Long/Short Portfolio uses a long/short equity strategy that seeks superior risk-adjusted returns. The portfolio employs fundamental bottom-up stock
Asset management group Polar Capital has reported a 47 per cent increase in assets under management since 31 March 2009 to USD2.169bn at 31 December 2009. Net subscriptions in the fourth quarter amounted to USD267m bringing the net inflows for
The Hennessee Hedge Fund Index advanced 2.27 per cent in December, bringing its year-to-date performance to 24.85 per cent. The S&P 500 rose 2.81 per cent in December (24.71 per cent YTD), the Dow Jones Industrial Average increased 0.80 per
Appleby, an offshore legal, fiduciary and administration service provider, is opening its latest office in Guernsey. The new office will be operational in the spring of 2010 and will practise Guernsey law with a focus on corporate, commercial, private client,
Citi has launched a full service end-to-end integrated servicing solution for EU domiciled hedge funds. The product was launched in response to increasing demand from investors and hedge fund managers to establish hedge funds in EU domiciles, such as Ireland
BNY Mellon Alternative Investment Services has been appointed by Swiss Capital Alternative Investments to provide fund administration and custody services for its Irish domiciled fund of managed accounts. Marcel Schindler, senior partner and head products at Swiss Capital, says: “We
