The Lyxor Hedge Fund Index rose 1.14 per cent in September, bringing year-to-date performance to +5.40 per cent. The top performing strategies over the month were L/S credit arbitrage (+5.15 per cent), convertible bonds and volatility arbitrage (+2.59 per cent),
Espen Robak, president and founder of Pluris Valuation Advisors, argues that Black-Scholes and other theoretical valuation models have long failed to value illiquid securities properly, but but their inadequacy is especially an issue today because of the prevalence of illiquid
Sterling Trust, a custodian of alternative assets, has completed a name change to Equity Institutional, a Division of Equity Trust Company. As a result of growth and the 2009 acquisition of Sterling Trust, Equity Trust Company has more than
An affiliate of Perella Weinberg Partners’ Asset Based Value strategy is to acquire AIG Rail Services Inc, a provider of customised full service and net leases servicing the railroad marketplace. Financial terms of the transaction were not disclosed. As part
TwentyFour Asset Management has selected Northern Trust to provide custody, fund accounting, financial reporting, compliance and company secretarial services to a new asset-backed securities fund domiciled in Guernsey. An asset backed security is one that derives its value and
Hedge funds performed well in April, with the HFRX Global Hedge Fund index closing up 0.6 per cent for the month and up 3.8 per cent for the year-to-date. Anthony Lawler, portfolio manager at GAM, says: "April was in a
Gulfmena Investments has launched the Gulfmena Arab Opportunities Fund. This is the first directional absolute return hedge fund focusing specifically on the Mena equity markets to be managed by a GCC-based and Dubai Financial Services Authority-regulated asset management business.
The Credit Suisse Liquid Alternative Beta Index was up 1.11 per cent in April, according to Dr Jordan Drachman, head of alternative beta strategies at Credit Suisse. Drachman is the author of a new whitepaper, Flex Ability: The Diversification
Principal Global Investors is to acquire a majority stake in Finisterre Capital, LLP, and Finisterre Holdings Limited, (together Finisterre Capital), an established emerging markets investor based in London. “Finisterre Capital is a top-class emerging markets fixed income specialist with
Hedge funds gained 0.35% in March according to the Barclay Hedge Fund Index compiled by BarclayHedge. Year-to-date, the Index is up 1.95%. “The earthquake, tsunami and nuclear disaster in Japan, increasing turmoil in the Middle East, and the outlook for
