Offshore hedge fund jurisdiction Cayman Islands expects to register 1,200 new open-ended funds in 2010. This is the same figure as in 2009, bringing the total the number of Cayman hedge funds back to the pre-crash level of 9,589. While
Citi Capital Advisors (CCA), a global alternative asset management platform, has made significant progress towards the separation of certain of its businesses from Citigroup. The new independent asset management firm will be called Napier Park Global Capital. Material regulatory approvals
Northern European banking group SEB has seen a 20 per cent increase in mandates on its prime brokerage platform over the last 12 months. The platform has attracted 70 new hedge fund mandates in 2012, bringing the total number to
Fund of hedge funds manager International Asset Management says it continues to favour the opportunity set for long/short equity managers focused on the Asian and emerging markets. Morten Spenner, chief executive at International Asset Management, says there is a high
By Simon Gray – The Middle East is bouncing back from the financial and political turbulence of the past few years and with it the region’s alternative fund industry is again gaining traction. With Dubai shrugging off its debt problems
The FrontPoint-SJC Direct Lending Fund (FSJC) has held its final close with total commitments of more than USD1 billion. The fund’s strategy focuses on providing privately negotiated senior secured loans to US middle market companies that generate annual revenue of
Interview with Peter Hughes, group managing director, Apex Fund Services – Providing a full solution set that spans middle and back office fund administration, as well as specialised reporting and fund formation: that’s the primary focus at Apex Fund Services,
International asset manager Threadneedle Investments (Threadneedle) has launched the Columbia Threadneedle SICAV-SIF Absolute Commodities Fund. It will aim to target a 10-15% return on an annualised basis, net of fees, on a long term investment horizon. This Non-UCITS fund is
Hedge funds posted the second consecutive month of gains in October, as equity markets continued their broad advance on improving prospects for global economic growth. Credit markets remained strong and short dated fixed income advanced on expectations for continued stimulus
By Simon Gray – The financial crisis has slowed but not stalled efforts to build up a regional fund industry that contains substance on the ground in the Middle East rather than focused on outside financial services jurisdictions such as
