Deer Park Road Corp is to launch a new mortgage/asset-backed fund, Burgess Creek Fund, having closed its flagship fund, STS Partners Fund, with USD750m currently under management. The new fund will be a little higher up in the capital
Managers of funds of hedge funds expect returns from equity hedge funds to improve and favour event driven strategies, says Standard & Poor’s Fund Services in its latest update on the sector. “Fund managers are looking at company balance sheets
Numerix, a provider of cross-asset analytics for derivatives valuations and risk management, has opened a regional sales office in Sydney, Australia. The new Sydney office increases the total number of Numerix Asia Pacific offices to seven. The office will be
FrontPoint Partners, which was acquired in 2006 by Morgan Stanley, has restructured its relationship with Morgan Stanley whereby its portfolio managers and senior management, including co-chief executive officers Daniel Waters and Michael Kelly, will collectively own a majority of the
A Greece-focused hedge fund managed by Dromeus Capital Group, which has delivered investors over 50 per cent returns in its first six months, says it has turned cautious on Greek investments raising its cash balances for the first time since
Final performance for the Dow Jones Credit Suisse Hedge Fund Index is confirmed up 3.43 per cent in September and 5.98 per cent year-to-date. Nine out of ten sectors posted positive performance for the month. Among the top performing sectors
Gottex Fund Management, an alternative asset management group, has reported an increase in total fee earning assets of 6.9 per cent to USD7.8bn at 30 Septemner 2010, compared to USD7.3bn at 30 June 2010. The increase was as a result
Following receipt of the approval to provide fund administration and custody services from the Malta Financial Services Authority, the Citco Group of Companies is opening an office in Malta. William Keunen, global director of Citco Fund Services, says the
Orix USA has entered into a definitive agreement to acquire a majority interest in MIG Holdings, the parent company of Mariner Investment Group, a hedge fund and alternative investment manager. Mariner is an SEC registered investment adviser founded in 1992
Deloitte’s asset management services practice has launched a global full-service hedge fund emerging manager platform offering a mix of traditional and non-traditional professional services across audit, tax, financial advisory and consulting. The program represents the latest development in an aggressive
