Deer Park Road’s flagship fund, STS Partners Fund, has closed to new investors. The fund, which focuses on deeply discounted, short-duration, high cash-flow mortgage-backed (MBS) and other asset-backed (ABS) securities, was started in May 2008 with USD17m of internal capital
Returns for the Credit Suisse Liquid Alternative Beta Indices suggest that hedge fund performance varied across strategies in June with overall performance relatively flat year-to-date. The Credit Suisse Liquid Alternative Beta Index generated slightly negative performance in June, falling 0.40
CYMBA Technologies, a provider of high-performance Multi Asset Class Investment Management solutions, has been awarded a prestigious ‘Gold Provider’ ranking in Financial IT’s annual Investment Management Technology Survey. Katherine Emirosan, Editor at RFP Connect, publisher of Financial IT, says: “CYMBA
Eurasia Capital, a Hong Kong-based investment bank, and MonBiz Media have launched the MonBiz Hong Kong Index, which includes Mongolia-related companies listed on the Hong Kong Stock Exchange. Mongolia possesses world class resources in copper, coal, gold, uranium and other
Citi has been awarded an expanded mandate from Kayne Anderson Capital Advisors to provide administration services for five additional hedge funds. Citi’s total hedge fund mandate with Kayne Anderson now includes seven funds and over USD2bn in assets under administration.
GlobeOp Financial Services has been appointed to provide investment management operations outsourcing services for European Credit Management, a specialist asset manager and subsidiary of Wells Fargo with approximately EUR12.1bn (UD15bn) in assets under management. GlobeOp, which has completed more than
RBC Global Asset Management has launched RBC BlueBay Absolute Return Fund, a fixed income mutual fund sub-advised by BlueBay Asset Management, a specialist fixed income and alternative asset manager. The fund is available to institutional and high-net-worth investors across the
Alternative Road Investment Advisers, Belvedere Asset Management and LJM Funds Management will advise new alternative mutual funds through Two Roads Shared Trust, a shared mutual fund trust open to new advisers effective 1 November 2012. Two Roads is designed to
Interactive Data, a provider of financial market data and analytics, says its valuations service for OTC derivatives and structured products, offered in conjunction with Prism Valuation, is now being used by more than 25 financial institutions. A wide range of
Threadneedle has launched the Threadneedle Enhanced Commodities Fund, which will provide investors with an opportunity to invest in an actively managed long-only Ucits III fund with exposure across the commodity spectrum. David Donora, manager of the new fund, says: “Threadneedle’s
