Portcullis Asset Management Limited is launching as a Malta based Alternative Investment Fund Manager (AIFM) to assist alternative investment funds to comply with the Alternative Investment Fund Management Directive (AIFMD). Portcullis has appointed David Barry to the board and as
There has been a constant flow of negative stories about the hedge fund industry over the past couple years including the insider trading scandals, hedge fund fees being too high, hedge fund performance comparing badly versus the S&P 500 index, and
Prime money market funds (MMFs) across the board saw their market risk increase in Q1 2015 driven by Moody's Investor Services’ new banking methodology released in March. However these stressed net asset value (NAV) results do not incorporate the use
The European Securities and Markets Authority (ESMA) is calling for a modification of the UCITS Directive to take into account the clearing obligations for certain types of over-the-counter (OTC) financial derivative transactions under EMIR. Under EMIR, certain OTC financial derivative
Emerging markets hedge funds have benefited from the strong recovery of the Russian Rouble, higher oil prices, lowering of interest rates by the Chinese Central Bank, and a surge in trading volume on the Shanghai-Hong Kong Stock Connect program. As
Aberdeen Asset Management is to acquire FLAG Capital Management, LLC (FLAG), a manager of private equity and real asset solutions with offices in Stamford CT, Boston, MA, and Hong Kong. This acquisition is in line with Aberdeen’s strategy to strengthen
A Fitch Ratings analysis of three of the largest US alternative investment managers shows that each firm should be able to sufficiently cover outstanding debt obligations, including 30-year bonds, under a 10-year runoff scenario. This would be achieved through fee-related
Angel Oak Capital Advisors, an investment management firm focused on providing opportunistic fixed income investment solutions, has reached USD5 billion in assets under management across its family of investment products. “Angel Oak Capital continues to grow as we identify new
The hedge fund industry has now reached USD3.16 trillion in assets as of the end of Q1 2015, but a growing proportion of these assets are concentrated among a small pool of large managers, according to Preqin’s latest hedge fund
Bank of America Merrill Lynch (BofAML) will be a participant of the GMEX Exchange when the exchange launches on 7 August 2015. BofAML will offer execution and clearing services, for the GMEX products, to its client base. The initial products
