Warren Ashenmil, who managed the commercial-mortgage backed securities and commercial real estate portfolio for multi-strategy credit fund Tricadia Capital since 2008, has left to start his own hedge fund called Jerica Capital. Jerica will invest in CMBS and related securities.
Ticonderoga Securities, an institutional broker dealer, has launched a risk arbitrage desk focusing on mergers and acquisitions, which will be led by industry veteran Andrew Lefberg, formerly of Pali Capital. Joining Lefberg will be Jeremy Stovall, also formerly of Pali.
The Hennessee Hedge Fund Index increased 1.26 per cent in September and is up 5.03 per cent year-to-date. The S&P 500 gained 2.42 per cent (+14.56 per cent YTD), the Dow Jones Industrial Average advanced 2.65 per cent (+9.99 per
Managed futures managers delivered healthy returns for September—their third positive month in 2009—as trend-following models were able to capitalize on significant market trends, according to a report by Lipper Tass. The sub-strategy posted a 1.41 per cent return on average
Stephanie Niven, Portfolio Manager – Fundamental Strategies at Javelin Capital LLP, has been awarded the Young Professional of the Year award at the Women in Banking and Finance (WIBF) 2011 Awards for Achievement. The winners were revealed at a luncheon
Jersey companies have been approved for listing on the Hong Kong Stock Exchange. The move is a significant development for Jersey’s finance industry, which is seeking to increase business flows from the Asia Pacific region. The formal inclusion of Jersey
Castle Hall Alternatives and Orchard Harbour have published a new white paper, "Redefining corporate governance: towards a new framework for hedge fund directors". "Corporate governance has become one of the most discussed issues in operational due diligence,” says Chris Addy,
September was another winning month for hedge funds as the sector posted its third consecutive month of positive returns. The Eurekahedge Hedge Fund Index was up 1.02 per cent in September and 2.63 per cent in Q3 2012, while September
The Morningstar 1000 Hedge Fund Index climbed 7.4 per cent during the third quarter of 2009 and 17.2 per cent through the first nine months of the year. The currency-hedged Morningstar MSCI Hedge Fund Composite rose 6.1 per cent for
Carey Olsen has advised the BlueCrest BlueTrend Limited fund on its initial public offering (IPO) on the London Stock Exchange (LSE) Main Market which raised GBP165 million. The fund has been established in Guernsey as a closed-ended investment company. Investors
