Managers
Jay Novatney, a 14-year veteran of the alternative investment industry, will be joining PT Asset Management (PTAM) as Chief Operating Officer on 2 March, 2015.
Novatney will join the firm as part of the executive management team, responsible for the oversight of PTAM’s back office function including operations, finance, and accounting as well as coordination of the firm’s legal and compliance functions.
Prior to joining PTAM, Novatney spent over nine years as a principal of Chicago Fundamental Investment Partners, LLC (CFIP), a credit-focused alternative investment management firm, after having co-founded the firm in late 2005. During his tenure at CFIP,
London Stock Exchange Group (LSEG) has entered into a licensing agreement with CBOE Holdings, to develop and list options based on more than two dozen FTSE and Russell indices.
Under the agreement, cash-settled options on these indices will now be available to trade in the United States on the Chicago Board Options Exchange (CBOE). In addition, as part of the agreement, CBOE and LSEG will collaborate on new index options products and investor education globally. The trading in FTSE and Russell index-based options on the CBOE will begin in the coming months.
LSEG’s leading global index franchises, FTSE and
Over half of investors in each alternative asset class feel improvements in the alignment of interests between investors and fund managers can be made by focusing on management fees.
The majority of institutional investors that were interviewed by Preqin at the end of 2014 believe that more needs to be done with regards to the management fees they pay on alternative assets fund investments. Of the five major alternative asset classes – private equity, hedge funds, real estate, infrastructure and private debt – investors named management fees as the area that needed the most improvement with regards to alignment of
At the end of 2014, Preqin conducted surveys with hedge fund managers, investors and alternatives investment consultants around the world to ascertain their views on the hedge fund industry over the past year and their outlook for the year ahead. Selina Sy looks at the upcoming trends and developments these industry professionals have identified for hedge funds in 2015.
Institutional investor capital will continue to flow into the hedge fund industry in 2015
Hedge fund managers forecast that industry assets under management (AUM) are set to increase this year, and surpass the figure of $3.02tn reported in December 2014. Indeed,
Advent Capital Management is to launch a new UCITS regulated umbrella fund domiciled in Ireland, which will include the Advent Global Absolute Return Strategy, during the second quarter of 2015.
The UCITS fund marks the first alternatives product in Advent’s UCITS offerings and is an extension of Advent’s successful Global Opportunity Strategy. It will be co-managed by portfolio managers Odell Lambroza and Matthew Dundon.
Advent has built a seven-year track record in its global opportunities, relative value and event-driven focused hedge fund, positioning the Global Absolute Return Strategy to invest in similar opportunities across geographies, while complying with the UCITS
Man Group has reported an increase in funds under management (FUM) of 35% to USD72.9 billion for the year ended 31 December 2014.
Gross sales were also up by a similar percentage (36%) in 2014 to USD21.9 billion (2013: USD16.1 billion), while redemptions were down 6% to USD18.6 billion (2013: USD19.7 billion).
Manny Roman, Chief Executive Officer of Man, says: “2014 marked a year of progress for the Group with strong performance at AHL, a full year of net inflows, the completion of the restructuring programme ahead of schedule and several key acquisitions and hires that have materially enhanced our
Value Partners Group has selected The Charles River Investment Management Solution (Charles River IMS) for portfolio management, trading, compliance, and performance measurement and attribution.
Users will have a single, integrated platform to support investment management activities across the firm’s equities, fixed income, FX, and derivatives operations. Value Partners will also leverage Charles River’s day-to-day application management, compliance rule advisory service, and the broker-neutral Charles River Network for global electronic trading via FIX.
Value Partners will serve as a Charles River development partner, providing valuable feedback on local and regional requirements, such as Domestic Chinese A-shares and related derivatives.
“With Charles
Eze Castle Integration has launched its Hedge Fund Cybersecurity Educational Series to guide the hedge fund industry through the complex cybersecurity environment.
Core to the initiative is an online Hedge Fund Cybersecurity Information Center and a series of educational events.
The Information Center features videos, guidebooks and articles on the latest cybersecurity risks and best practices for implementing a proactive security posture.
To support the online information, Eze Castle Integration is hosting online and in-person events. The first event – a webinar took place 24 February, when Steve Schoener, SVP of client technology at Eze Castle Integration, discussed key insights
By Jasper Lawler, Market Analyst, CMC Markets – In a week that sees reports from major mining companies including BHP Billiton and Vale, Jasper Lawler looks at the outlook for copper given the recent sharp decline in prices and the action taken by the Chinese central bank.
Copper rebounded from five and a half year lows in February on the back of new stimulus measures in China and a bounce back in oil prices. In the first week of February copper recorded its biggest weekly gain since August but the price has flat-lined since on reduced Chinese demand in the
Offshore law firm Carey Olsen has expanded its global litigation offering with the launch of its British Virgin Islands (BVI) litigation and insolvency practice.
The firm established its BVI office in 2013 with an initial focus on international commercial transactions, investment funds and offshore structures.
The firm's new litigation practice will be under the leadership of experienced BVI solicitor advocate Ben Mays (pictured), who joins the firm as partner and head of BVI litigation.
Mays says: "Carey Olsen is a well-recognised and respected firm which has already demonstrated its commitment to the BVI market. Developing its BVI litigation practice
