Deutsche Bank has received independent assurance under the International Standard on Assurance Engagements 3000 on its London-based dbSelect platform, a platform for accessing liquid hedge fund strategies. The ISAE 3000 assurance provides an independent assessment of management’s assertion for the
Persimmon Capital Management has launched Persimmon Long/Short Fund (LSEAX), a multi-adviser mutual fund that seeks to use long/short equity strategies to produce equity-like capital appreciation over time with less volatility than long-only strategies. The fund commenced operations with USD25m of
Principle Capital has entered into a conditional subscription agreement with the Sanlam Group, a financial services group in South Africa, and certain members of the company’s management team, pursuant to which these investors will initially subscribe GBP4m for 26,666,666 ordinary
Standard & Poor’s Securities Evaluations, a global provider of independent securities evaluations, and Independent Valuation and Risk Services, a market leader in providing independent
Evercore Wealth Management has launched the Evercore Wealth Management Macro Opportunity Fund (EWMOX), which seeks to profit from the investment risks associated with changes to global monetary and fiscal policy. The fund is an extension of the firm’s Diversified Market
Institutional investors continue to diversify their investment portfolios into alternative assets, increasingly via direct funds rather than funds of funds, according to global data from Towers Watson. The data shows that in 2012 its clients – which include pension funds,
The hedge fund industry as measured by the Credit Suisse/Tremont Hedge Fund Index continued its positive performance into 2010, returning 3.1 per cent in the first quarter and outperforming equity and bond indices on a risk-adjusted basis. According to a
Guernsey’s fund industry is seeking a foothold in India by providing services not available locally, following a weeklong visit to the country by representatives of the island’s financial services sector. A number of Indian-based fund promoters are in the process
Global investment management firm PIMCO is using OpenGamma’s analytics as part of its operational processes to optimise derivatives margin for its clients. With OpenGamma’s leading software-as-a-service (SaaS) solution, PIMCO is able to reduce margin financing costs for its clients for
Approximately 45 per cent of hedge fund managers in the US and approximately half of hedge funds in Europe and Asia say one or more of their funds remain below their high-water marks. The relatively large number of hedge funds
