Latest News
As the title of this article suggests, evaluating hedge fund performance over the last decade can be a little awkward, and give rise to a variety of opposing viewpoints. In that sense, it should make for a fascinating panel discussion at ABN AMRO Clearing’s Amsterdam Investor Forum (AIF) 2020, which takes place at the bank’s headquarters in Amsterdam on 5 February.
Hedge funds finished 2019 on a high note in December, posting an industry-wide 1.73 per cent return for the month, according to the Barclay Hedge Fund Index compiled by BarclayHedge.For the year, the hedge fund industry gained 10.70 per cent, the largest annual return since 2013 when the Index gained 11.12 per cent. The S&P 500 Total Return Index posted a 31.49 per cent return in 2019.
All but one hedge fund index was in the black in December as a number of positive economic developments offset the impact of negative indicators.
“Equity markets finished the year strong, with US
GAM Investments has appointed Giovanni D’Alesio as head of research for its Alternative Investment Solutions business, effective 13 January. D’Alesio is based in London.In this role, D’Alesio will be responsible for leading GAM’s external fund manager research team and managing portfolios that combine external managers and other investment exposures, including betas, factors and alternative risk premia. The team employs a disciplined and risk-focused process to identify and combine talented managers across asset classes and investment styles, blending high-conviction qualitative views with proprietary quantitative modelling tools.
D’Alesio was formerly a partner and head of investment origination at Capital Generation Partners,
Napier Park Global Capital (Napier Park), an alternative asset management platform with more than USD14 billion in assets under management offering a diversified product mix of hedge funds, private investments, CLOs and structured credit to large, sophisticated institutional investors, has named Nadja Marcoz as a Partner of the firm. Marcoz is based in Napier Park’s New York office.
“Nadja is a true culture carrier at Napier Park and we could not be more enthusiastic to call her a Partner,” said Jim O’Brien, Managing Partner and Chief Executive Officer of Napier Park. “Her tireless work ethic, ability to continuously adapt and long-standing
Morgan Stanley has appointed Linda Hill and Emmanuel Roman to the Institute for Sustainable Investing Advisory Board, effective immediately.The Institute for Sustainable Investing’s Advisory Board comprises prominent leaders from business, academia and leading non-governmental organisations and guides the Institute’s work and strategic priorities.
Hill is the Wallace Brett Donham Professor of Business Administration at the Harvard Business School and chair of the Leadership Initiative. Roman is CEO and Managing Director of PIMCO.
“Our newest board members are both deeply committed to the mission of the Institute and have diversified skill sets that will provide invaluable insight and perspectives to the
iM Global Partner is to acquire a 20 per cent interest in Zadig Asset Management, an independent European equities specialist with USD1.8 billion AUM and 15 employees based in London and Luxembourg. Zadig Asset Management will be the sixth Partner to join the multi-boutique platform, and the first that manages European equities. As it is the case with the other strategic Partners, Zadig Asset Management will continue to run its operations independently and manage its portfolios using the same active and concentrated stock picking approach developed by its founders since the 1990s, prior to its founding. The acquisition is subject to
BMLL Technologies, a data engineering and analytics firm, has appointed Paul Humphrey as Chief Executive Officer (CEO). A senior executive with decades of experience in leading positions across the brokerage, banking, data and exchange world, Humphrey joins BMLL Technologies to drive the scale up of the business and realise the firm’s mission to democratise access to granular market data and analytical products at speed and scale.
In 2019 Humphrey established his own consultancy business, advising financial institutions, boards and fintech firms on their corporate and growth strategies. Prior to that he was the Global Head of FICC for Euronext NV and
H2O Asset Management, Bruno Crastes’ bond-focused discretionary macro hedge fund, which this year marks its tenth anniversary, has posted sterling year-end gains after facing investor pressure this past summer.
Man Group, a global active investment management firm, has appointed Robert Furdak as Chief Investment Officer for Environmental, Social and Governance (ESG), a newly-created role to further bolster the firm’s broader commitment to responsible investment (RI). Based in Boston, Massachusetts, Furdak will report to Sandy Rattray, Chief Investment Officer of Man Group.
Furdak will lead the firm’s RI initiatives across Man Group’s five specialist investment engines, ensuring collaboration across research efforts and investment solutions. His responsibilities will also include working with external asset owners to help them develop and analyse ESG policy and implement solutions, advancing Man Group’s stewardship and
Broadridge Financial Solutions is aiming to bring new cloud-based solutions to Broadridge’s clients in the financial services industry. As part of this strategic collaboration, Broadridge will create The Broadridge Private Cloud powered by IBM and will transition a significant portion of its global infrastructure to IBM. This key milestone in its cloud strategy will enable Broadridge to better provide powerful industry solutions to leading financial institutions around the world, with improved speed to market, flexibility, and resiliency.
Accelerating its shift to a hybrid cloud model will enable Broadridge to further deliver next-generation SaaS solutions to its clients through industry leading technology
