The European Life Settlements Association has launched a code of practice designed to increase protection for investors in the expanding asset class of life settlements. The publication of the code comes at a time of controversy for life settlements, which
The Morningstar MSCI Composite Hedge Fund Index, an asset-weighted composite of nearly 1,000 hedge funds in the Morningstar Hedge Fund database, rose 1.9 per cent in January and advanced 6.3 per cent for the trailing 12 months. Almost all Morningstar
Baronsmead Partners, the financial risk insurance broker, has appointed Man Group’s Andrew Ducat as partner and head of client service. Baronsmead has also promoted David Heathfield to partner. The moves come in anticipation of significant activity for Baronsmead in
KPMG has expanded its alternative investment funds (AIF) practice by adding two federal tax managing directors to its Los Angeles and New York offices. "KPMG is continuing to invest in and expand its Alternative Investments team to serve its private
The number of candidates for the examinations leading to the Chartered Alternative Investment Analyst designation has more than doubled last year. A record 800 pro
The Bank of New York is to provide fund of hedge fund custody and transaction processing for USD 5 billion fund of hedge funds manager Gottex. Custody for the Gotex
The Credit Suisse Liquid Alternative Beta (LAB) Index was down 0.16 per cent in February, according to Dr Jordan Drachman, head of alternative beta strategies at Credit Suisse. The event driven strategy was the strongest performer for the month, finishing
The “patchwork quilt” of regulatory requirements resulting from European Union member states exercising discretion under the Alternative Investment Fund Managers Directive is likely to deter many non-EU firms from operating in the market – but that need not be the
The latest fund launch from Goldman Sachs Asset Management (GSAM) is a new US Equity Dividend and Premium Fund featuring the use of call options. GSAM’s new fund is
The US Commodity Futures Trading Commission has filed and settled charges against public accounting firms McGladrey & Pullen and Altschuler, Melvoin & Glasser and partner G. Victor Johnson II for failing to audit properly Sentinel Management Group. Sentinel was an
