The DM Swiss Equity Asymmetric Fund completed its second year of operation at the end of November 2009. The fund has outperformed the Swiss equity market by more than 17 per cent p.a. during that time. Managed by Urs Heinimann
Greenwich Loan Income Fund has acquired a senior secured corporate loan from T2 Income Fund CLO I, an affiliate of the company which is consolidated for financial reporting purposes. The cash consideration for the acquisition was USD8.55m, funding for which
Altus Resource Capital, a Guernsey registered closed-ended investment company, has completed the placing of its shares with an aggregate value of approximately GBP14.66m. Under the structure of the placing, all valid applications for shares received under the placing agreement will
New York City-based alternative asset manager Courant Capital Management has secured an asset allocation from an affiliate of a Bermuda-based reinsurance and diversified investment firm. The firm has also acquired a minority equity interest in Courant. Courant,
Execution Holdings, a full-service agency broker, has agreed to acquire Noble Group, an independent mid and small cap investment bank. The enlarged group will be called Execution Noble. The offer is subject to the consent of the Financial Services Authority.
The stock market was back on the rise in November with a comfortable gain of six per cent in a context of decreasing implied volatility (24.51 per cent), which is now at its lowest level since September 2008. Since its
IntercontinentalExchange Group is to introduce 64 new energy futures and options contracts on 12 May, subject to the completion of necessary regulatory and governance processes. The new contracts, which will be available for trading at either ICE Futures Europe or ICE
Clearstream, the international central securities depository within Deutsche Boerse Group, is launching Global Emissions Market Access, a settlement and custody service for carbon trading rights. GEMA is aimed at financial institutions interested in carbon trading rights without the burden and
City Financial’s Asia Macro hedge fund, Counterpoint, has launched with over USD120m in assets, making it one of the largest Asian hedge funds – and the largest Asian macro fund – to launch in the last 12 months. The Counterpoint
The Lyxor Hedge Fund Index was up 1.05 per cent in November, bringing year-to-date performance to 5.49 per cent. The top performing strategies over the month were CTAs long term (+3.55 per cent), special situations (+2.62 per cent) and L/S
