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New York-based hedge fund firm Gondor Capital Management says that remaining disciplined in its research and carrying out the proper execution of its strategies has enabled it to consistently deliver strong returns.
Vincent Au, portfolio manager of Gondor Capital says that his onshore hedge fund Gondor Partners, LP returned 13.86 per cent in the first seven months of this year (+1.74 per cent in July) while his offshore fund, the Gondor Partners, Ltd, generated 12.28 per cent gains during the same period (+1.74 per cent in July).
“By remaining disciplined in my research and the execution of the strategy
- 22/08/2017
Unigestion, a boutique asset manager that focuses on providing its clients with risk-managed investment solutions, has expanded its fund distribution network by joining the MFEX platform.
The new agreement means that all Unigestion’s Uni-Global SICAV sub funds and share classes are now listed on the MFEX platform, which offers 50,000 funds to investors in 30 countries globally.
The availability of the Unigestion SICAV fund range on the MFEX platform marks the latest step in the firm’s growth in the intermediary market space, following its registration with Allfunds Bank in March this year. Both of these agreements have further enhanced
- 22/08/2017
- 22/08/2017
Broker Banca IMI Securities Corp (BISC), an indirect, wholly-owned US subsidiary of Italian bank Intesa Sanpaolo, has agreed to pay more than USD35 million to settle US SEC charges that it violated federal securities laws when it requested the issuance of and received American Depositary Receipts (ADRs) without possessing the underlying foreign shares.
ADRs are US securities that represent shares of a foreign company, and for all issued ADRs there must be a corresponding number of foreign shares held in custody at a depositary bank. Under “pre-release agreements,” brokers such as BISC may obtain ADRs without depositing corresponding foreign shares provided
- 22/08/2017
AQMetrics, a provider of regulatory compliance and risk solutions, has secured two new clients, Appian Asset Management Limited (Appian) and Macrosynergy Partners (Macrosynergy), to its growing client portfolio.
Appian, an Ireland-based asset management firm managing a range of funds that invest globally, has selected AQMetrics’ solution for AIFMD Annex IV reporting. Macrosynergy Partners, a UK-based discretionary global macro manager dedicated to providing competitive risk-adjusted returns to its clients, will adopt the AQMetrics automated reporting and filing system to ensure compliance with the CPO-PQR rules.
Geraldine Gibson (pictured), CEO at AQMetrics, says: “Firms with multiple fund administrator relationships are moving
- 22/08/2017
- 22/08/2017
Artisan Partners has launched the Artisan Global Discovery Fund, which is managed by the Artisan Partners Growth Team, with Jason L White (pictured), as lead portfolio manager and James D Hamel, Matthew H Kamm and Craigh A Cepukenas also serving as portfolio managers.
White joined Artisan Partners in 2000 and has 17 years of investment experience, including serving as a portfolio manager since 2016 and as an associate portfolio manager since 2011 for Artisan Global Opportunities, Mid Cap and Small Cap Funds.
In regards to the Artisan Global Discovery Fund’s investment strategy, White says: “Our objective is to capitalise
- 22/08/2017
Funds affiliated with Warburg Pincus, a global private equity firm focused on growth investing, have made a significant equity investment in eSentire.
The investment will be used to accelerate the company’s growth by expanding its technology services to existing clients and its outreach to more clients in new markets, as well as to provide liquidity to existing shareholders. Terms of the transaction were not disclosed.
eSentire is regarded as the pioneer in managed cybersecurity services that detect and contain advanced threats that have bypassed all other security controls. The Company began operations serving the demanding financial services market and has
- 22/08/2017
Ogier has promoted Joanne Huckle (pictured), and Piers Dryden from the Cayman Investment Funds team to the firm’s partnership.
Dryden and Huckle take the firm’s global partnership to 54, and follow the arrival of partner Anthony Partridge in February, and the promotion of James Heinicke in the Cayman fund finance team to the partnership last year.
James Bergstrom, who heads Ogier’s Cayman office, says: “Our strategic growth in Cayman continues, and these promotions are well-deserved recognition of these individuals’ contributions to the success of our leading investment funds team and their commitment to excellence in client service.
“The
- 22/08/2017
The Lyxor Hedge Fund Index was down 0.6 per cent last week according to the latest Weekly Brief from the firm’s Cross Asset Research Team.
Lyxor writes that: “Global Macro funds underperformed, though returns were dispersed. Though exposures to rates and equities usually cost, they recorded gains in FX. CTAs fared better with gains in short commodities, offsetting their losing long equity allocation.
“Event-Driven funds were resilient. Special Situations funds benefitted from their tilt to non-cyclical sectors. Their activist positions were also resilient: the presence of a fundamental catalyst helped weather the short- term volatility. Merger Arbitrage continued to
- 21/08/2017
- 21/08/2017
The SS&C GlobeOp Forward Redemption Indicator for August 2017 measured 3.55 per cent, up from 2.57 per cent in July.
“SS&C GlobeOps’ Forward Redemption Indicator of 3.55 per cent for August 2017 reflects solid year-over-year improvement from the 3.86 per cent reported for August of 2016. The result for August continues the favorable trend in asset retention by hedge funds this year, marking the seventh consecutive month of lower redemption notices on a year-over-year basis,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. “It is also noteworthy that this trend has taken hold during a period of record
- 21/08/2017
CubeLogic, a specialist in Business Intelligence products and services for risk management in the energy, commodity, and financial markets, has added support for Trade Credit Insurance to the latest release of version 6.0. of the RiskCubed platform.
Trade Credit Insurance is an increasingly popular tool to manage accounts receivable risk, effectively converting an unsecured, risky loan to secured collateral. As a trade finance instrument, the use of credit insurance is growing rapidly amongst energy market participants primarily due to its relatively low cost, ability to increase liquidity, and risk-conversion properties.
As most insurance providers will attest to, Trade Credit
- 21/08/2017
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