Interview with David Donora – “Brent/WTI crude was a key contributor to performance in 2011 as well as 2012. Another significant position for 2012 was an underweight in natural gas versus a maximum overweight in gasoline. We also held a
Managed futures lost 1.08 per cent in November, according to the Barclay CTA Index compiled by BarclayHedge. The index remains up 3.77 per cent for the year. “As concern mounted regarding the possibility of inflation in China, war in Korea,
Tower Fund Services has launched as a new fund administration firm for alternative investment managers. The firm provides a full spectrum of tailored outsourced solutions for hedge funds, funds of funds, multi-manager platforms, private equity, venture capital and real estate
By James Williams – Solvency II is an EU-wide piece of regulation which aims to introduce stronger rules on capital adequacy and risk management for insurance companies, and ultimately increase the protection of the final beneficiary. The Directive represents a
Hedge funds enjoyed a third consecutive month of positive performance for the year, with the HFRX Global Hedge Fund index up 0.7 per cent for March and up 3.1 per cent for the quarter. Gains were led by equity-centric
Deer Park Road Corp is to launch a new mortgage/asset-backed fund, Burgess Creek Fund, having closed its flagship fund, STS Partners Fund, with USD750m currently under management. The new fund will be a little higher up in the capital
Managers of funds of hedge funds expect returns from equity hedge funds to improve and favour event driven strategies, says Standard & Poor’s Fund Services in its latest update on the sector. “Fund managers are looking at company balance sheets
Numerix, a provider of cross-asset analytics for derivatives valuations and risk management, has opened a regional sales office in Sydney, Australia. The new Sydney office increases the total number of Numerix Asia Pacific offices to seven. The office will be
FrontPoint Partners, which was acquired in 2006 by Morgan Stanley, has restructured its relationship with Morgan Stanley whereby its portfolio managers and senior management, including co-chief executive officers Daniel Waters and Michael Kelly, will collectively own a majority of the
A Greece-focused hedge fund managed by Dromeus Capital Group, which has delivered investors over 50 per cent returns in its first six months, says it has turned cautious on Greek investments raising its cash balances for the first time since
