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The gross return of the SS&C GlobeOp Hedge Fund Performance Index for April 2015 measured 0.34 per cent, while hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index advanced 0.92 per cent in May.
“May 2015 saw the largest increase in the Capital Movement Index in the past twelve months, as inflows easily outpaced outflows. In fact, outflows were the lowest recorded since the index’s inception in 2006,” says Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies.
The SS&C GlobeOp Hedge Fund Performance Index is an asset-weighted, independent monthly window on hedge fund performance. On
- 14/05/2015
Mirabaud Asset Management has appointed Emilio Barberá as Senior Portfolio Manager/Analyst for
Spanish equities.
Barberá’s appointment occurs at a time when Spanish equities at Mirabaud Asset Management are gaining significant traction from a wide array of investors on a global basis. The Mirabaud – Equities Spain fund recently crossed assets of EUR 120 million on the back of strong and consistent performance over the years.
With 17 years’ experience and an unparalleled level of knowledge of Spanish companies, Emilio Barberá joins Mirabaud Asset Management from Inverseguros in Madrid where he was responsible, for a Spanish equity fund, and actively involved
- 13/05/2015
The Securities and Exchange Commission has appointed David Grim as Director of the Division of Investment Management. Grim has been the division’s acting director since February, following the departure of former director Norm Champ.
“David is a committed public servant with a nearly 20-year tenure in the Division of Investment Management,” says SEC Chair Mary Jo White. “I am confident that the Commission and the public will continue to benefit from his leadership and deep knowledge of the work of the division on behalf of investors.”
Grim joined the SEC in September 1995 as a Staff Attorney in the division’s
- 13/05/2015
A proliferation of new products and new distribution channels along with increased demands for transparency have significantly altered the demands on the infrastructure of alternative asset managers.
That’s according to Convergence’s 2015 Alternative Asset Management Industry Update, which reveals that these trends lead to greater operating "complexity", which results in more process requirements and higher operating costs in order to address a higher level of operating risk.
The Alternative Asset Management Industry Update from Convergence also provides analysis and insight on:
• Overall Industry Growth
• Leadership and Staffing
• Business Complexity and Risk
• Industry Regulation
• Service Providers
- 13/05/2015
The equity and bond market selloff that took place recently took its toll on some hedge fund strategies. Due to their long fixed income stance established during 2014, CTAs sharply underperformed Macro managers during the market rout. Meanwhile, macro managers that had built up short positions on European rates in April proved overall resilient. Some macro managers were up 2 per cent last week while others, who were most exposed to European equities were down 1 per cent. In the CTA space, losses were broad based and reached high single digits in some cases.
- 13/05/2015
FolioMetrix is to merge with American Independence Financial Services, LLC (AIF) to create a new company, RiskX Investments, LLC, offering an array of risk-intelligent investment solutions.
The transaction is expected to close in September 2015. Terms of the deal have not been disclosed.
RiskX Investments will manage, post-merger, approximately USD1.1 billion in funds and separately managed accounts, comprised of the American Independence Funds (single-manager sub-advised funds and separately managed accounts) and the FolioMetrix Rx Fund Series (multi-strategy tactical mutual funds).
American Independence Funds offer exposure to select sub-advisors of equity, fixed income, international, and risked-managed portfolios. The AIF management team
- 13/05/2015
Duet Group, a USD5.5 billion global alternative asset manager, has appointed Ulrik Fugmann and Edward Lees has senior managing directors and Co-Chief Investment Officers of Duet Natural Resources.
Fugmann and Lees, the founders of North Shore Partners, are integrating their strategy and business into Duet, adding to the group's strong commodities and emerging market franchise.
Philippe Laraison, CIO of the Duet Commodities Fund and Partner of Duet Group, says: "On behalf of Duet Group, we are excited to announce the integration of North Shore Partners. The timing for natural resources equity investments is optimal. The synergies on research and
- 13/05/2015
Northern Trust Hedge Fund Services has called on the hedge fund industry to leverage technology and adopt clearer industry standards in data management to help close a gap in transparency expectations between fund managers and investors.
The recommendation follows a key finding from a 2014 survey of hedge fund managers and investors fielded by Northern Trust Hedge Fund Services, a leading provider of administration and middle-office services for hedge funds. The survey revealed that 55 percent of investors favor more transparency from their hedge fund managers while 98 percent of managers think investors are satisfied with the level of transparency
- 13/05/2015
Tullett Prebon Alternative Investments (TPAI) has developed and launched a screen-based matching engine called TP-AIME (Tullett Prebon Alternative Investments Matching Engine) to better facilitate transactions in alternative investments.
In addition to functioning as a price discovery and matching engine, the screen also facilitates auctions in hedge fund, private equity and real estate fund interests.
Secondary transactions in fund interests tend to be opaque. However, TPAI believes technological innovation will, in time, lead to a more robust marketplace. With thatgoal in mind, TP-AIME has been developed to increase transparency, simplify the arranging of transactions and make trade-settlement more efficient.
- 12/05/2015
International Capital Flows, a report commissioned by the States of Guernsey and supported by Guernsey Finance, has analysed the economic benefits provided to the UK and Europe by the Guernsey funds market.
The majority of the inward investment is deployed into long-term tangible assets, including private equity, infrastructure and commercial property. All of these asset classes can provide economic and social benefits to the UK.
The report estimates that European investment managers earn GBP1.8bn of fees from managing Guernsey funds, of which GBP1.1bn is earned by those in the UK. UK investors, such as pension funds, also benefit from using
- 12/05/2015
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