Although average 2010 base salaries for investment professionals and traders were essentially flat from 2009 levels, year-end bonuses are expected to climb five per cent on average, according to a report by Glocap Search and Hedge Fund Research. The 2011
Maitland, a fund administrator, has reached USD100bn of assets under administration. This follows a contract with South Africa’s largest multimanager, Investment Solutions, to administer its underlying investment manager portfolios. Maitland operates internationally with South Africa as an offshore fund servicing
GlobeOp Financial Services has completed a Type ll independent examination of its middle, back office and fund administration controls and Transaction Solutions, according to new international standards replacing Statement on Auditing Standards No.70 (SAS 70). The Big Four auditing firm
Gravitas is expanding its presence in India, including moving to a new larger office in Mumbai, prompted by an increase in demand for its services. Gravitas is a co-sourcing platform providing cloud technology, collaborative outsourcing, risk support and research to
Australian hedge fund seeder Scout Global Funds has joined IMQ as co-seed of Romanesco Capital Management’s systematic trading strategy, the Persistence Fund. Scout aims to identify and invest in best of breed emerging managers worldwide. The firm’s mandate is
The Hennessee Hedge Fund Index advanced 1.9 per cent in October and is up 6.6 per cent year-to-date. The S&P 500 advanced 3.7 per cent (+6.1 per cent YTD), the Dow Jones Industrial Average increased 3.1 per cent (+6.6 per
The Dow Jones Credit Suisse Hedge Fund Index finished up 1.21 per cent for the month of March, with nine of the 10 sub-strategies in positive territory. Event driven (2.11 per cent), managed futures (1.74 per cent) and long/short
The buoyant start to 2013 has seen the demand for UK smaller companies continue as investors’ appetite for risk has increased in-line with growing confidence in the global economic outlook. Co-portfolio managers on the Franklin UK Smaller Companies Fund, Paul
Barack Obama’s election on Tuesday night as the 44th president of the United States promises tougher times for hedge fund managers, certainly in te
Managed futures gained 0.56 per cent in November, according to the Barclay CTA Index compiled by BarclayHedge. Year to date, the index has lost 1.98 per cent. “November’s respite from bad economic news drove equity markets higher and provided
