Funds
Krishna Kumar, Ade Odunsi and Treesdale Partners have formed Goose Hollow Capital Advisors to run two FX investment strategies, FX Global Income Access and Commodity Producers Currency Access.
Kumar and Odunsi are veterans of the FX business with a combined 28 years of experience in the FX business. Treesdale Partners is a SEC registered RIA founded in 2002 that manages approximately USD300 million in a number of fixed income focused alternative investment vehicles, for a global clientele including insurance companies, endowments, pensions, banks and wealth managers.
"We feel these investments meet a number of increasingly important needs for our clients,
PIMCO, the global investment management behemoth, has added a new fund to its UCITS-compliant Global Investor Series (GIS) fund range.
Glendevon King Asset Management, the independent fixed income boutique based in London, Guernsey and Luxembourg, announced this week the launch of a Norwegian Krone class (NOK) in its new Gl
Swiss banking group SYZ & CO announced this week the launch of a new sub-fund, OYSTER Global High Yield, which, as its name suggests, will invest in high yield fixed income investments.
GAMCO Investors Inc announced that its advisory subsidiary, Gabelli Funds L
The National Futures Association (NFA) and Tullett Prebon have entered into an agreement that paves the way for NFA to perform regulatory services for Tullett Prebon’s swap execution facility (SEF).
The Agreement establishes a preliminary framework for the exchange of information and the development of technology standards that will enable Tullett Prebon and NFA to develop, test and launch automated trade practice and surveillance systems and also to develop procedures and processes necessary for Tullett Prebon to fulfill its SEF self-regulatory obligations. Upon the issuance of the Commodity Futures Trading Commission’s (CFTC) final SEF rules, NFA and Tullett Prebon anticipate
PIMCO has launched the PIMCO GIS Credit Absolute Return Fund for investors seeking a global, diversified strategy that is focused on absolute return and not constrained by a benchmark. The PIMCO GIS Credit Absolute Return Fund, which has a “go-anywhere” investment style and can employ a wide range of investments, is managed by Mark Kiesel (pictured), a managing director and global head of corporate bond portfolio management.
The fund seeks out long-term, strategic investments as well as shorter-term tactical opportunities in an effort to provide positive returns in any market environment. It is designed to enable investors to diversify their
Evercore Partners Inc has agreed to purchase a 45% non-controlling interest in ABS Investment Management, LLC, an institutionally focused equity long/short hedge fund-of-funds manager. Under the terms of the purchase agreement, Evercore will pay approximately USD45 million in cash to the current partners of ABS.
Following the closing of the transaction, which is expected in the fourth quarter, ABS’ founders and employees will own 55% of the company. ABS founders Alain De Coster, Laurence Russian, and Guilherme Ribeiro do Valle, will continue to lead the company, and the investment processes and day-to-day operations will remain unchanged. The founders will sign
Saba Capital Management, the USD4.7 billion hedge fund set-up by credit derivatives trader Boaz Weinstein, has appointed Throgmorton to provide a full-range of back-office services for its new UK operations. Saba Capital set up its UK entities in June, and is currently awaiting FSA registration.
Throgmorton, one of the UK’s largest independent back office service providers to the hedge fund, private equity and corporate finance industries, will supply Saba Capital’s UK companies with accounting, VAT, company secretarial, human resources and health and safety services.
The Saba Capital UK branch has been launched as a research centre and sub advisor
Odey Asset Management LLP has launched the Odey Investments plc UCITS umbrella, domiciled in Ireland. The Odey Odyssey Fund, managed by Tim Bond and with USD82.3 million of assets, is one of the first UCITS funds to be authorised by the Central Bank of Ireland under the UCITS IV directive.
Another sub-fund under the umbrella, the Odey Giano European Fund, managed by Michele Regazzi, has also just been launched, with EUR12.6 million of assets.
Building on its existing relationship with Capita in the UK, Odey has appointed Capita Financial Administrators (Ireland) Ltd to provide daily dealing fund accounting, administration
