Hedge fund Diamondback Capital is to close after investors asked for the return of USD520m – more than 25 per cent of the fund’s current assets. Diamondback co-heads Richard Schimel and Larry Sapanski informed investors of the decision by letter
With the UK’s coalition completing half of its term in government, the Chancellor was under pressure to deliver more measures to stimulate growth in his Autumn Statement, says Azad Zangana, European Economist at Schroders… Facing a faltering economy largely knocked
Mary Chris Gay (pictured), portfolio manager of the Legg Mason US Equity Fund, explains how low inflation rates, slack in the economy and continuing high rates of unemployment have put the US in a ‘sweet spot’ of the equity investment
The Euro Stoxx Index and its respective size indices Euro Stoxx Large, Mid and Small, have been licensed to Eurex to serve as the basis for equity index futures and options. This is the first time that these four indices
Horton Point, a systematic trading firm based in New York, is expanding into the seeding business. Originally built as proprietary trading firm, Horton Point later expanded to include a number of institutional managed account investors. It is now moving into
Carey Olsen has advised the Battle Against Cancer Investment Trust (BACIT Limited) on its establishment as a Guernsey registered closed-ended investment company and its recent flotation on the Main List of the London Stock Exchange. BACIT is a new investment
While interest has been returning to the hedge fund space, investors today are seeking more liquid, transparent and cost effective solutions for gaining access to the asset class, according to a research paper by Credit Suisse. The whitepaper, Portfolio Idea:
Guernsey’s position as a leading fund domicile has been further endorsed by a series of new administrators and managers establishing a presence in the island. J.P. Morgan and BNY Mellon have both added their names to the roster of fund
The loss of Bear Stearns, Lehman Brothers and Merrill Lynch from the ranks of independent competitors in US equity research gave a boost to smaller providers, including mid-sized and regional brokers, sector specialists and independent research providers. However, according to
By James Williams – What is evident among the top-tier prime brokers is the emphasis they place on helping clients and their end investors do their best work. That starts with the quality of the prime brokerage offering, the safety
