Managers
Neuberger Berman is to purchase Ramius’ interest in Orchard Square Partners, which manages a global long/short credit investment strategy with approximately USD475 million in client assets.
Orchard Square Partners is led by four senior investment professionals, Norman Milner, Rick Dowdle, Darren Carter and Itai Baron, who have worked together for over eight years and have an average of 18 years of experience.
The team is supported by seven professionals who will also be joining Neuberger Berman.
Orchard Square Partners manages capital for a diversified investor base comprised of insurance companies, institutions, family offices, high net worth individuals, foundations
Goldman Sachs Asset Management (GSAM) has launched the Goldman Sachs Long Short Fund, which pursues high conviction investment ideas in global equity markets through a fundamental, bottom-up approach.
The new fund expands GSAM’s liquid alternatives platform to seven funds.
“We seek to identify secular changes in industries, markets and consumer behaviour that will positively or negatively impact companies. We are typically looking for investment opportunities with asymmetric risk/return profiles and identifiable catalysts,” say Raanan Agus and Kenneth Eberts, co-heads of the Goldman Sachs Investment Strategies (GSIS) portfolio management team. “We strive to build a hedged portfolio with the flexibility
Makor Group, a brokerage serving hedge funds and institutional clients from offices in five financial centres, has placed a five-year corporate bond listed on the Frankfurt Stock Exchange.
The financing will underpin further expansion for Makor, following its recent acquisition of New York brokerage Oscar Gruss and Son and senior hires including Nicolas Marmurek, Ian Brenner and Mark Edwards to London cash equity sales.
The bond has a maturity of five years with a yield of 7.5 per cent, due semi-annually. The placing was oversubscribed, with investors drawn from a range of institutional and private clients.
Makor Group’s
Pictet Select-Global Long/Short Equity has attracted close to EUR200 million in commitments since its launch on 29 August 2014.
The fund, which is managed by Geneva based Pictet Alternative Advisors (PAA), will be initially offered via a selection of ABN AMRO’s international private banking distribution channels.
Pictet Select-Global Long/Short Equity invests in 10 to 15 UCITS-compliant hedge funds within long/short equity and event-driven strategies. The portfolio has a weekly liquidity and is purposely diversified across sectors, regions and management styles to achieve efficient exposure to equity markets. The portfolio allows investors to participate in equity market upside while limiting
Gottex Fund Management, an independent provider of alternative, multi-asset and Asian investment solutions for institutional and retail investors, has completed its merger with EIM Group.
A total of 14 million shares have been listed on SIX Swiss Stock exchange as of 30 September 2014.
Frankfurt-based Tungsten Capital Management’s Artificial Intelligence CTA programme, which was taken live 12 months ago, has delivered strong returns.
The firm's UCITS CTA Tungsten TRYCON Basic Invest HAIG had previously been managed as a trend follower like most of its peers.
After many years of research, it has left the beaten path that CTAs have traditionally taken and redefined the CTA concept, employing sophisticated statistical methods from the field of Artificial Intelligence.
The new “QuantMatrix” strategy was taken live in September 2013. Since then, the fund has returned 11.9 per cent, with a volatility of only 7.4 per
UBS Global Asset Management this week announced the listing of four ETFs on the London Stock Exchange. The funds track the Dow Jones Global Select Dividend and MSCI Emerging Markets SRI indices as well as the MSCI USA index.
The UBS DJ Global Select Dividend UCITS ETF is a new product offering exposure to the top dividend paying companies globally. The underlying index is weighted by dividend yield with the constituent stocks selected on fundamental strength relative to peers, subject to dividend strength and liquidity.
UBS was the first asset manager to offer ETF exposure to the MSCI Socially
Bitcoin, gold and sterling exchange Netagio has partnered with Isle of Man payment services provider WalPay, allowing customers to deposit funds and receive international payments in GBP, EUR and USD.
Further currencies are to follow.
The new banking facilities, in place from 25 September 2014, are underpinned by European banking partners that are authorised and regulated in accordance with the European Payment Services Directive.
In addition, the partnership with WalPay will soon enable Netagio customers to make credit and debit card payments to their Netagio trading accounts, once the integration has been completed. Any Netagio customer holding a
Monetary policy divergence is not the only kind of divergence in the global economy that is contributing to a prolonged global and US economic expansion, says BNY Mellon Chief Economist Richard Hoey…
Currency markets can be a mechanism for redistributing growth and inflation within the global economy. “Expectations of future monetary policy divergence have been generating favourable trends in currency divergence. We expect a prolonged global and US economic expansion.
With a reduction in the fiscal drag and the deleveraging drag, combined with the gradual adjustment of the financial system to restrictive financial regulation, some acceleration in the pace of
Ramius, the global investment management business of Cowen Group, has partnered with Quadratic Capital to launch an options-based, fundamental global macro strategy.
Quadratic Capital employs liquid options and swaptions across asset classes and seeks to deliver an absolute return, fundamental global macro strategy with low volatility and defined risk.
Quadratic Capital is led by managing partner and chief investment officer Nancy Davis. Davis spent ten years at Goldman Sachs, including seven as a trader for the proprietary group. She was also a portfolio manager at Highbridge Capital Management, where she managed USD500 million of capital, and was the Director
