Funds
Fred Alger Management has launched the Alger Small Cap Focus Fund, a new Alger SICAV sub-fund, to its product line-up.
The Fund will be distributed throughout Europe by La Française, an international asset management firm and a strategic development partner of Fred Alger Management.
Amy Y Zhang (pictured), CFA, Senior Vice President, of Fred Alger Management, (the sub-portfolio manager/investment adviser to Alger SICAV) is the portfolio manager of the Fund. Zhang, who has 18 years of investment experience, joined Alger in 2015 and also serves as portfolio manager of Alger’s Small Cap Focus and Small Cap Growth strategies for US-based
The Hedge Fund Association (HFA) has announced the results of its 2016 Board of Directors election.
HFA's bylaws allow a capacity of 15 Directors. All HFA Directors are unpaid volunteers elected by HFA members and serving for three year terms. This year's election filled 5 Board positions with the following industry leaders: Evan Katz, Crawford Ventures; Mark McGoldrick, Cowen Prime Services; Marcia Rothschild, SS&C Technologies; John Schrier, CACEIS (USA); and Holly Singer, HS Marketing.
"Serving the global hedge fund community, HFA is proud to foster business and professional development, advocacy for investors, managers and service providers, and initiate industry public
GCube has responded to increasing demand from US wind project-financed wind operators, notably those refinancing or going through acquisitions, by strengthening its underwriting team and rolling out its unique Weather Risk Transfer mechanism across the North American market.
Demand for tailored risk transfer solutions has reached an all-time high in the US wind energy sector as investors and project stakeholders look to mitigate the financial impact of volatile performance, following unprecedented low wind speed conditions throughout 2015 and 2016.
Large areas of the country, including the high-capacity regions of California and Texas, have recently experienced the lowest average wind speeds
Hedge funds gained 1.05 per cent in April according to the Barclay Hedge Fund Index compiled by BarclayHedge. Year to date, the Index is up 0.07 per cent as April’s gain moves it into positive territory for the first time this year.
Overall, 12 of Barclay’s 18 hedge fund indices gained ground in April. The Event Driven Index was up 2.40 per cent, Distressed Securities gained 2.41 per cent, Healthcare and Biotechnology was up 2.14 per cent, Convertible Arbitrage gained 1.81 per cent, and Emerging Markets added 1.27 per cent.
“Improving trade data out of China, strengthening exchange rates for
Singapore-based Silverdale Capital is implementing ClearStructure's front-to-back office portfolio management solution, Sentry PM, which is designed to help clients streamline operational workflows, increase investor transparency and lower total cost of ownership.
After experiencing rapid growth, Silverdale Capital was in need of a scalable and comprehensive portfolio management solution. Sanjay Guglani, CIO of Silverdale, says: "We reviewed a large number of solutions before deciding to partner with the ClearStructure team. ClearStructure's commitment to their clients shined through in the evaluation and selection process. Adopting Sentry PM allows us to put in place our strategy of demonstrating transparency at every step of
HSBC Securities Services, part of HSBC’s Global Banking and Markets business, has launched its Over-the-Counter (OTC) Clearing Collateral Service.
The service is designed to support clients in meeting the requirements of the G20 swap clearing reforms now extending into Europe and Asia, which place greater demand on buy-side firms to better manage and mobilise their collateral.
In Europe, the European Market Infrastructure Regulation places new obligations to clear OTC derivatives trades through a central counterparty. These obligations are due to come into effect for most investment management firms in December 2016. In Asia, similar obligations apply or are due to
Tages Capital, in partnership with Fore Research & Management, has launched the Tages Fore UCITS Fund, a global credit long/short fund which will form the first sub-fund of Tages International Funds SICAV.
The UCITS-compliant umbrella fund structure is domiciled in Luxembourg and regulated by the Commission de Surveillance du Secteur Financier (CSSF).
Jamie Kermisch, CEO of Tages Capital says: “Tages is delighted to be partnering with Fore Research & Management who we have been invested with for many years and who we consider to be one of the premier fund managers specialised in long/short credit strategies. Fore Research offers a
CME Group is expanding its base metals offering with the introduction of a new Aluminum A380 Alloy (S&P Global Platts) futures contract, which will begin trading on 6 June, 2016.
Pending relevant regulatory review periods, the new contract will be available for trading on CME Globex, for submission for clearing through CME ClearPort, and will be listed with and subject to the rules and regulations of COMEX.
"This new contract will provide our customers and market participants with an effective and transparent solution for hedging aluminum alloy price risk," says Young-Jin Chang, CME Group Executive Director of Metals Products. "Aluminum
Guernsey’s new Manager Led Product (MLP) was warmly received by a London funds audience when it was launched at the Guernsey Funds Forum last week [12 May].
Nearly 500 delegates attended the annual funds conference, which this year saw Luke Johnson, Chairman of private equity house Risk Capital Partners and former Chairman of Channel 4 Television, appear as keynote speaker. The event, entitled ‘The new scope – investor perspectives, innovation and success’, was moderated by ITV News anchor Alastair Stewart OBE, and took place at etc. venues, 155 Bishopsgate, London.
Guernsey Finance Chief Executive Dominic Wheatley (pictured) said the annual
Agecroft Partners’ Don Steinbrugge (pictured) discussed a number of recent hedge fund industry media quotes and articles in a presentation delivered at the 69th CFA Institute Annual Conference held on 9 May, 2016 in Montreal.
Presentation included the following comments:
Third Point Capital CEO Dan Loeb thinks hedge funds are in the first stage of a “washout” after “catastrophic” performance this year.
The HFRI Fund Weighted Composite Index posted a decline of -0.67 per cent in Q1 of this year, which on the surface isn’t that bad. Upon closer examination, this moderate decline is hiding the vastly different
