The hedge fund industry redeemed USD7.4bn (0.4 per cent of assets) in July, building on outflows of USD4.2bn in June, according to BarclayHedge and TrimTabs Investment Research. Based on data from 3,119 funds, theTrimTabs/BarclayHedge Hedge Fund Flow Report estimated that
While some of the froth surrounding managed accounts is gone, investors have an ever-broadening range of options to choose from, says Marion Mulvey (pictured), EMEA Head of Alternative Investments Global Transaction Services, Citi, and Lou McCrimlisk, EMEA Head of Relationships,
Outsourcing is an increasing fact of life for the financial services industry in the Channel Islands, but local firms differ in their approach. However, industry participants agree that maintaining service quality is vital. Guernsey’s outsourcing guidelines enables fund promoters to
Financial Risk Management, a global fund of hedge funds group, has launched FRM Principia, a new approach to serving distribution partners and their client base of sophisticated high net worth investors and smaller institutions. FRM Principia represents a new generation
By James Williams – Last week Newedge announced that Leslie Richman and Duncan Crawford had been appointed co-Global Head, Alternative Investment Solutions (AIS) group, a part of Newedge’s Prime Clearing Services. In other key appointments, Keith Johnson becomes Global Head
The high levels of stock market volatility over the last few months resulting from natural disasters and continued political and economic turmoil have once again highlighted the need for proper diversification across asset classes, within investment portfolios. During the month
C8 Investments has selected SEI to provide operational outsourcing services for the firm’s recently launched hedge fund. C8 sought an outsourcing partner with the ability to support automated trading and provide daily reconciliation to support and scale with the firm’s
Alternative asset management group Gottex Fund Management has reported an operational loss of USD2.6m for the six months ended 30 June 2012, in line with its expectations. It made a more substantial attributable net loss of USD 5.5m after minorities
ConvergEx, a provider of investment and execution technology solutions to institutional clients, has signed a definitive agreement to acquire NorthPoint Trading Partners. With this acquisition, ConvergEx will offer small and medium sized hedge funds access to a full range of
The Dow Jones Credit Suisse Hedge Fund Index posted positive performance in April, finishing up 1.80%, with nine out of ten strategies posting positive performance for the month. Managed Futures was the best performing sector in April. The strategy gained
