Goldman Sachs veterans Rob Allard and Jonathan Egol are to launch Firebreak Capital (Firebreak) later this year, a dedicated private debt hedge fund focusing on the opportunities created by financial regulatory reform and bank capital requirements. With the rapid
The hedge fund industry produced an aggregate return of 0.35 per cent in May, lifting YTD returns to +3.36 per cent, compared to the S&P 500 which increased +1.29 per cent in May and is +3.24 per cent YTD, according
Aurum, a specialist investment manager focusing on hedge fund portfolios, has launched Project Regeneration, a unique scheme that will allow companies to build a meaningful environmental policy. Developed in conjunction with the UK-based charity Synchronicity Earth to help Aurum meet
Nordea Asset Management has launched a high yielding renminbi-denominated Asian credit fund. Joining the multi-boutique Nordea 1 Sicav, the Renminbi High Yield Bond Fund is managed by Asian fixed income specialists Income Partners. The new fund invests in USD-denominated Asian
The Credit Suisse Hedge Fund Index (the Broad Index) finished up 0.83 per cent for the month of May with eight of the 10 sub-strategies all finishing the month in positive territory. Long/Short Equity led the way with a return
Diamond Hill Capital Management, Inc has closed the Diamond Hill Long-Short Fund to most new investors effective 12 June, 2015. The Fund will remain open to additional investment from existing shareholders and certain other new accounts as described in the
Over the last 15 years the fund administration industry has been dominated by the big banking behemoths at one end of the scale and small niche players at the other. Gradually, some of those smaller entities have been consumed. Yet
Focusing on bank-owned administrators, nobody knows the precise reasons as to why investment banks have been vacating the hedge fund administration space other than the banks themselves. One possible explanation is that the integrated model they have been running for
In a report published by eVestment last March (Alternative Fund Administrator Survey 2014), 95 per cent of respondents answered `yes' when asked if mergers and acquisitions were expected to play a role in the hedge fund administration over the next
U.S. Bancorp Fund Services LLC (USBFS) is finalising two significant integrations: AIS Fund Administration, which it acquired in 2012; and Dublin-based Quintillion Ltd, acquired in 2013. The two transactions combined added approximately USD43 billion in AuA to their existing business
