Latest News
Lyxor Asset Management has appointed Dan Rizzuto as Head of Business Development of its US-based business, Lyxor Asset Management Inc (Lyxor Americas).
Rizzuto brings decades of experience to the role and has an extensive record of managing business development and investor relations teams in the alternative investments industry. He assumes the role from Andrew Dabinett, who was promoted to CEO of Lyxor Americas in August 2018.
Lyxor Americas was established in 1999 and is comprised of hedge fund research, due diligence, risk, portfolio management, and structuring teams providing fiduciary management services and helping clients allocate to alternative strategies more effectively.
EPIC Holdings is to acquire Integro Holdings, a specialty insurance brokerage and consulting business in the US with revenue in excess of USD150 million.
Financial terms of the proposed transaction have not been disclosed.
Integro USA brings to EPIC expertise that is well-aligned with EPIC’s diverse insurance distribution platform. Areas of focus include:
Entertainment & Sports: focus in music & events; theatre & venues; film, TV & media; sports associations & amateur sports; and racing & motor sport.
Specialty: leading provider of insurance brokerage services to Professional Services Firms (accountants, lawyers, hedge funds, asset managers, architects & engineers) and Transportation & Logistics
The value of regulated funds serviced in Jersey has broken through the GBP300 billion barrier for the first time, according to the latest figures to be collated by the jurisdiction’s regulator the Jersey Financial Services Commission (JFSC).
Figures for the third quarter of 2018 (ending 30 September 2018) show that the net asset value of regulated funds under administration in Jersey grew 14 per cent year-on-year to stand at GBP301.7 billion, the highest recorded figure to date.
The statistics also show that all the alternative asset classes, which represent 82 per cent of Jersey’s total funds business, recorded an
By Shankar Iyer CEO, Viteos – Shadow-accounting has moved beyond the simple verification of Net Asset Value (NAV). Outsourcing the in-house accounting function, in part or full, is increasingly recognised as bringing significant value to the business via automation and best industry practices, which may not be in the purvey of internal teams, principally because the shadow provider performs these practices across various managers and funds.
Indeed, scalability in this context can work two ways: not only does shadow-accounting empower fund managers to freely explore new asset classes or investment strategies, and provide operational flexibility, it allows them to work
Managed Funds Association (MFA), a trade association for the global hedge fund industry, has appointed Mark Epley as Executive Vice President & Managing Director, General Counsel, effective 19 February 2019.
Epley (pictured), will join MFA from the Office of the Speaker of the US House of Representatives, where he serves as senior advisor and general counsel.
“Mark has earned a distinguished reputation as a skilled lawyer and advisor with a deep understanding of Washington and matters important to our members. His expertise will help advance our efforts to keep in place policies that work well, fine tune those that
Backstop Solutions Group, a cloud-based productivity suite provider for institutional and alternative investors, is to acquire BarclayHedge, a provider of alternative investment data and indices.
With proprietary access to the 2,200 alternative investment managers and 6,900 funds tracked by BarclayHedge, Backstop will be able to offer institutional clients a combination of technology, tools, services, and data to help optimise their research management and due diligence workflows. Alternative asset managers who currently report to BarclayHedge will also benefit by having their exposure to asset owners potentially triple when the client communities of both Backstop and BarclayHedge are combined.
Clint Coghill
Law firm Dillon Eustace has been named as the top legal adviser to Irish domiciled funds in 2018, in the 24th edition of the Monterey Insight Ireland Fund Report.
The firm’s Asset Management and Funds practice, which across all product types from traditional UCITS, ETFs, money market funds and alternative UCITS, to the full spectrum of Alternative Investment Funds (AIFs) such as hedge, funds of funds, real estate, infrastructure, loan and private equity funds, advised 1,113 Irish domiciled funds over the last year.
Donnacha O’Connor (pictured), Head of Asset Management and Investment Funds, says: “We are delighted to be
Hedge funds continued to decline in December, largely driven by L/S Equity (and to some extent CTAs), according to the latest Weekly Brief from Lyxor’s Cross Asset Research team.
L/S Equity strategies continued to suffer from the unusual level of uncertainty overshadowing stock fundamentals and unsettling quant factors.
Lyxor writes: “Overcrowded positioning was another challenge for stock pickers, all looking for the same scarce cheap stocks with stable growth. The rotation out of Momentum and Growth stocks, with a limited cushion from Quality and Defensive ones, impacted managers despite their cautious leverage and net exposures.”
“The rise in
Societe Generale Prime Services has announced the constituents for its range of 2019 CTA indices, following an annual review.
There are three additional constituents to the flagship SG CTA Index, one re-entry to the SG Trend Index for 2019, and one re-entry to the SG Short-Term Traders Index for 2019.
Tom Wrobel (pictured), Director of Alternative Investments Consulting at Societe Generale Prime Services, says: “We are delighted to welcome two new additions to our SG CTA Index in 2019: ADG Capital Management and Capital Fund Management (CFM), whose recent growth has propelled them into the index. Further, we are
The gross return of the SS&C GlobeOp Hedge Fund Performance Index for November 2018 measured -1.32 per cent.
Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index advanced 0.67 per cent in December.
“SS&C GlobeOp’s Capital Movement Index rose 0.67 per cent for December 2018, an improvement from the -0.13 per cent reported for the same period a year ago for December 2017,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies.
“It’s noteworthy that this is the second consecutive month of year-over-year improvement in net flows and comes against a backdrop of
Special Reports
FeatureD
- Insight
