Comment: More consolidation and start-ups in hedge fund administration
Consolidation in the hedge funds administration industry has been picking up pace in the last two years.
Consolidation in the hedge funds administration industry has been picking up pace in the last two years.
Capital International is typical of many entrepreneurial firms that have been launched in the Isle of Man in recent years.
More than 50 new alternative funds were launched in Asia in 2007, raising USD5bn in assets, and the continent’s hedge fund industry saw total assets under management rise by just over 20 per cent –
The Singapore Exchange is inviting public comment on proposed changes to its securities listing rules that would widen the range of companies and p
RWC Partners will launch a Ucits III equity long short fund, named RWC US Absolute Alpha, in October 2009 pending approval from the CSSF in Luxembourg.

Wermuth Asset Management, the German family office and BaFin-regulated investment adviser, has restructured its quant advisory business. The focus is now on the systematic US equity long/short strategy which celebrated its fifth anniversary of audited returns in October. The
Newfound Research has collaborated with The Nasdaq OMX Group create new rules-based, quantitatively enabled investment strategies. Nasdaq OMX and Newfound have agreed to create a suite of outcome-oriented co-branded indexes and to work jointly to promote licensing opportunities.

Some 58 per cent of firms in Asia Pacific are not prepared for a shorter settlement cycle in Europe which will change from trade date plus three days (T+3) to trade date plus two days (T+2) in October. That’s according to
European institutional investors and banks increased their use of equity derivatives in the first half of 2008, but it is unclear how far the market will be affected by the crisis among
ALPS Fund Services, a provider of outsourced administration services for mutual funds, closed-ended funds, hedge funds and exchange-traded funds, has been appointed to provide hedge fund a