Hedge funds redeemed USD5.0 billion in September, the second outflow in three months, according to BarclayHedge and TrimTabs Investment Research. Industry assets decreased to USD1.72 trillion, the lowest level in 12 months. “Hedge fund investors have grown much more cautious,”
Vastardis Capital Services has adopted Geneva, Advent Software’s portfolio management and fund accounting solution, to support its fund of funds business. Vastardis was one of the earliest adopters of Geneva 8.0, the latest version of the product which includes portfolio
The fourth of a six-part guide by Dermot S.L.
TradeStation Prime Services, a division of Tradestation Securities, has added John Kenealy to its prime services team. Kenealy will serve as vice president of TradeStation Prime Services and he will be head of the Chicago office. He has more than
KRM22, a technology and software investment company with a focus on risk management in capital markets, has launched the Enterprise Risk Cockpit, a real-time enterprise risk management application for capital markets firms. The Enterprise Risk Cockpit allows firms to eliminate
Just under two months out from the 2018/19 tax return submission deadline, KPMG is warning offshore fund investors to check their tax reporting, before HMRC does. Tax reporting for offshore fund investments is a complex area that even wealth managers
A federal jury in Charlotte has convicted certified public accountant Jonathan D Davey, 48, of Newark, Ohio, of four criminal charges relating to a hedge fund investment fraud conspiracy. The federal indictment, returned in February 2012, charged Davey with serving
The House of Representatives this week overwhelmingly approved a bill to curb mutual fund trading abuses in the US and increase oversight following the ongoing m
Ogier partner Peter Cockhill examines the various amendments anticipated to Cayman’s Mutual Funds Law this year.
International Asset Management, a fund of hedge fund investment manager, has appointed Jon Pollowitz as investment analyst and Stephen Bienashski as junior investment analyst, both based in IAM’s New York office. Pollowitz (pictured) joins from Cadogan Management where he spent
