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For a fund jurisdiction that refers to itself as an ‘Innovation Nation’, the Bahamas continues to build its profile and popularity among global fund managers, and, it is hoped that the next stage of its evolution will be to attract more institutional money.
To underscore how innovation is having a tangible impact, the Bahamas is on track to exceed its previous high-water mark for fund registrations. With more than 800 funds, the island is back to pre-2008 levels and firmly on the rebound.
“2015 has been a good year, the number of fund registrations is growing faster than fund liquidations,”
Karin Forseke, Chair of wealth manager Alliance Trust, is to step down from the company’s board on 1 January 2016.
The Trust announced on 1 October 2015 that it would implement a number of significant changes intended to ‘position the Company better to deliver consistent outperformance in a cost-effective manner’, after coming under pressure from US activist hedge fund Elliot Advisors earlier in the year. As part of these changes, the Company is reorganising its governance structure to create a wholly independent Board and Forseke believes that, as this process nears completion, it is the appropriate time for her to
Hedge fund and private equity fund administrator Pinnacle Fund Services has selected PFS-PAXUS for the administration of the firm’s global fund operations business.
David Smith (pictured), Managing Director at Pinnacle, says: ’The selection of PFS-PAXUS has been mainly due to its reputation in the market for its sophistication and reliability. At Pinnacle we are excited about growing our fund administration business and with PFS-PAXUS’s track record as a robust and proven platform we are confident that the system will allow us to meet our business objectives’. 

Pinnacle Fund Services is a fund administration company. It is supported by a team
HedgeCoVest has added another six models to its hedge fund mirroring platform giving RIAs access to over 40 hedge fund products.
HedgeCoVest’s technology enables advisors to include hedge fund strategies in all their client’s investment portfolios, regardless of accreditation status, while providing intra-day liquidity and security level transparency. All HedgeCoVest clients receive the security benefits of separately managed accounts, while paying only one flat fee and receiving 1099s at the end of the year.
“Today’s advisors need access to uncorrelated products, like hedge funds, in order to manage their client’s portfolios in the face of increased market volatility and
Lyxor Asset Management (Lyxor) and Och-Ziff Capital Management (Och-Ziff) have launched the Lyxor/OZ US Equity Opportunities Fund on Lyxor’s alternative UCITs platform.
The launch of this new US long/short equity strategy makes Lyxor the eighth alternative manager on the platform.
The Fund focuses on long and short investment opportunities in the US equity market, with the aim of producing positive, absolute returns with low volatility. The investment strategy employs an opportunistic approach that fuses deeply-researched, proprietary, long-term fundamental views with process-oriented expertise in corporate actions/events. The approach seeks to take advantage of mis-pricings in situations involving various types of
Haitong International Securities Group has successfully gone live with GBST Holdings’ Syn~ capital markets platform to create a new institutional middle-office solution that the firm says is now a key component of its business expansion.
According to Haitong, due to rapidly growing trading volumes, its global institutional business needs an automated middle-office with low-latency matching and confirmations capability.


Andrew Sullivan, Managing Director of Sales Trading, Haitong International, says: “We are happy with the adoption of the internationally accredited system GBST Syn~, we are looking forward to receiving positive feedback from our clients.”

GBST says Syn~’s workflows cater for a wide range
The number of Europe-focused private equity funds of funds to close so far in 2015 is at its lowest ever level, with just seven vehicles having held a final close. Despite slow fundraising, 2012 vintage funds have seen the highest median IRR historically and a substantial number of European investors are still showing an interest in committing to this strategy. In its latest factsheet, Preqin compiles the latest data on the European fund of funds market.
Read the full factsheet here.
This article, taken from the newly released Preqin Special Report: Natural Resources, looks at the make-up of institutional investors in natural resources, preferred strategies and regions, sources of allocations and future investment plans.
The increasing amount of capital raised by natural resources funds in recent years indicates healthy investor appetite for the asset class. As previously mentioned, a Preqin survey in June 2015 found that 29 per cent of investors in natural resources planned to increase their exposure to the asset class over the long term, compared with only 12 per cent that planned to reduce their allocations. Preqin’s
Alberta Investment Management Corporation (AIMCo), together with the Virginia Retirement System, has successfully recovered USD 204.4 million on behalf of investors in the now-defunct broker-dealer MF Global.
AIMCo and Virginia serve as Co-Lead Plaintiffs in the class action securities litigation In re MF Global Holdings Limited Securities Investment Litigation and have pursued the case for over three years. AIMCo is represented by Bleichmar Fonti Tountas & Auld LLP ("BFTA") and Virginia by Bernstein Litowitz Berger & Grossmann LLP.
"AIMCo considers its fiduciary obligations to our Alberta clients to be of paramount importance. Companies that do not adhere to those same
Interactive Data, a provider of financial market data and analytics has added normalised swap data from the four principal Swap Data Repositories (SDRs) to its Consolidated Feed.
Dodd-Frank and EMIR rules require that certain trades of credit, interest rates, commodities and foreign exchange derivatives must be reported to an SDR within a certain timeframe post-execution, and that the data must be made publicly available. However, accessing and collating that data from the SDRs globally is a time and resource-intensive process in its own right, even before the more complex and costly challenge of analysing and categorising the data begins.
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