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Rational Funds has launched the Rational/Pier 88 Convertible Securities Fund (PBXIX), a converted hedge fund, which employs the same management team and investment strategy as its predecessor.
The Saemor Europe Alpha Fund, Saemor Capital’s long-running market neutral hedge fund strategy, shed 1.9 per cent last month – its third successive monthly loss – rounding off a disappointing spell for the Netherlands-based manager which saw the fund down almost 10 per cent for the year.
JTC, a provider of fund, corporate and private client services, has announced two new strategic senior appointments within its Institutional Client Services (ICS) division. Fiona Wild, joins JTC as a Group Director, Head of Operations – ICS and Marie Fitzpatrick joins as a Senior Director in ICS.
Wild will be responsible for leading and creating operational efficiency within the ICS network of offices to support the consistent delivery of the division’s business plan and to ensure an efficient and effective working environment.
Wild has over 17 years’ funds experience and joins JTC from IQ-EQ, where she headed up the fund services
Fixed income specialist Ardea Investment Management has made a senior appointment to its investment team as part of a strategic plan to capitalise on future growth opportunities.Ardea has appointed Dr Laura Ryan to a newly created role as Head of Research, in which capacity she will progressively build a new research team to support Ardea’s growing investment capabilities.
Prior to Ardea, Laura was Senior Vice President (Quantitative Research) and member of the Australian senior management team at PIMCO, Manager of Quantitative Strategy at CBA, Quantitative Manager at AMP Capital Investors and a Lecturer in Statistics at the Australian National
The Eurekahedge Hedge Fund Index returned 8.74 per cent in 2019, supported by the risk-on sentiment among investors and positive geopolitical developments throughout the year. Roughly 44.6 per cent of the hedge fund managers comprising the index have recorded double-digit gains over the year
The global hedge fund industry AUM has increased by USD9.9 billion in 2019. Investor redemptions totalling USD126.2 billion have been recorded throughout the year, a level the industry has not seen post-crisis.
The Eurekahedge North American Hedge Fund Index was up 9.32 per cent throughout 2019, as fund managers focusing on the region benefited from the equity
Bitfinex, a digital asset trading platform, has launched a sub-account feature that allows users of the exchange to set up multiple trading accounts within one master account. The addition of the sub-account feature meets institutional demand to deploy more complex crypto trading strategies.
The feature will enable users to create up to 100 subsidiary trading accounts under one master account, which retains full managerial control and the authority for sharing funds between accounts. Institutional traders, verified as corporate users, who wish to give different levels of access to employees within the same organisation can do so utilising the sub-account feature.
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FeedStock, an AI-driven SaaS business that leverages the latest natural language processing technologies to enable financial services companies to meet both their compliance requirements and commercial goals, has secured a GBP2.5 million investment in a funding round led by Praetura Ventures.
Pictet Asset Management, the investment management arm of the Geneva-headquartered wealth management giant Pictet Group, is warning against complacency in global markets amid easing US-China trade tensions and reopened negotiations over the UK’s withdrawal from the EU.
Brodie Consultancy Group, a UK-based financial services marketing and communications consultancy, has launched with a focus on the alternative funds and commodity sectors.
The founder, Alastair Crabbe, is the former Global Head of Marketing and Communications at Marex Spectron and prior to that was the long-term Global Head of Marketing and Communications at Permal Group.
With extensive experience both in-house and also as a consultant at Maitland, where Crabbe advised many leading managers, Brodie Consultancy aims to help managers strengthen their brand, position their business and more effectively communicate with stakeholders. Its services range from client communications and factsheet design
Hedge fund clients now have direct access to their data through a new online portfolio reporting tool introduced by UMB Fund Services. The portal is intuitive yet comprehensive, providing hedge fund clients with the information they need to analyse investments.
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