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Charles River has relocated to a new office in Tokyo to support continued growth in the Japanese market and meet increased client demand for the Charles River Investment Management Solution (Charles River IMS) delivered as a hosted service.
“Charles River has provided clients in Japan with on-the-ground support since 2007,” says Cameron Field, Managing Director Asia-Pacific, Charles River. “Our new, expanded office is in direct response to growing market demand for the full breadth of our service offerings. We’ve significantly increased our staff of local sales and managed services experts, and our new premises in the heart of Tokyo’s financial
The latest hedge fund launch data is analysed in this extract from the Preqin Quarterly Update: Hedge Funds, Q2 2015, which looks at the structure, location, investment focus and strategy of hedge funds launched in the second quarter.
Single-manager hedge funds dominated launch activity over the quarter, accounting for 79 per cent of the 116 hedge fund launches added to Preqin’s Hedge Fund Analyst in Q2 2015 (Fig 1). Alternative mutual fund structures saw a decline in terms of their prominence in fund launches, from representing 13 per cent of fund launches in Q1 2015 to just 3 per
Dinsmore Capital Management and Gabelli Funds announced have signing a strategic relationship. Subject to shareholder approval, the Dinsmore Group of Gabelli Funds will continue to manage the Bancroft Fund and the Ellsworth Growth and Income Fund. In addition, the Dinsmore portfolio management team will contribute to the management of The Gabelli Convertible and Income Securities Fund.
Thomas H Dinsmore, Chairman and Chief Executive of Dinsmore, says: "We are delighted to enter this new chapter of our stewardship of the Bancroft and Ellsworth funds. Gabelli has a world-class reputation for generating returns for shareholders. Becoming part of the Gabelli team will offer
Deutsche Börse AG and the shareholders of 360T Beteiligungs (360T), including Summit Partners 360, have signed a definitive agreement regarding the full acquisition of 360T by Deutsche Börse AG for a total EUR725 million.
360T is a leading global FX trading platform catering to a broad customer base including corporates, buy-side firms, and banks, with double-digit annual revenue growth since its inception in 2000. The acquisition by Deutsche Börse AG is expected to further accelerate 360T's organic growth trajectory. In addition, the combination will facilitate significant double-digit million Euro revenue synergies in the mid-term by utilising Deutsche Börse Group's international distribution capabilities and expertise.
Deutsche Börse AG plans to finance the
Nearly a third of UK-based finance professionals feel under pressure to compromise their ethical standards, according to a report released today by the Chartered Institute of Management Accounts (CIMA).
The third annual ‘Managing Responsible Business’ report, which polled 2,498 professionals across the world, found that the proportion of UK-based workers reporting such pressure jumped from 18 per cent in 2012 to 30 per cent in 2015. Worryingly, a fifth (21 per cent) of respondents agreed those who report concerns about unethical behaviour are seen as troublemakers by management.
The top causes of pressure to compromise standards of ethical business
Nasdaq has launched Nasdaq Futures, a US-based platform that will initially offer futures and options on oil, natural gas and US power benchmarks, with a fee holiday for the first nine months of trading. All products will be cleared through The Options Clearing Corporation (OCC).
"NFX was born out of strong customer demand and a confidence in Nasdaq's ability to deliver an innovative technology solution," says Hans-Ole Jochumsen (pictured), President, Nasdaq. "We truly believe that competition drives innovation, and that the energy futures market is ready for our more transparent pricing model."
NFX is a designated contract market, powered by
Ryan Hart has joined Coquest Inc as Director of Research and portfolio manager. Formerly with Altegris Advisors, Hart will find and perform due diligence on new managers to add to Coquest client portfolios.
Using his analytical background, Hart will be responsible for investment research and due diligence on commodity trading advisors and hedge fund managers. Hart formerly was a portfolio manager and Director of Research & Investments for Altegris Advisors, an affiliated company of Altegris Investments, where he managed a team of investment analysts and was part of the group responsible for strategic and tactical allocation decisions.
“Ryan is an
The US Commodity Futures Trading Commission’s (CFTC) Division of Swap Dealer and Intermediary Oversight (DSIO) has issued a letter that exempts commodity trading advisors (CTAs) that are registered but do not direct any client commodity interest accounts from filing Commission Form CTA-PR.
The letter states DSIO’s position that requiring CTAs that do not direct any client commodity interest accounts to file a Form CTA-PR would provide limited additional information regarding that CTA beyond that already available to the Commission as part of the registration process and the CTA’s ongoing obligations as a registrant. Accordingly, the letter provides an exemption for
Ares Management and Kayne Anderson Capital Advisors are to merge to form Ares Kayne Management, a diversified alternative asset manager with a combined USD113 billion of assets under management as of 31 March, 2015.
Under the terms of the agreement, Ares will provide USD2.55 billion in consideration, the majority of which will be in the form of Ares Operating Group Units. The transaction is expected to close on or around January 1, 2016, subject to customary regulatory approvals, Kayne Anderson investor consents and other closing conditions.
Ares Kayne combines Ares Management, a leading global alternative asset manager with USD87 billion
Tim Edwards, Senior Director, Index Investment Strategy at S&P Dow Jones Indices has investigated the news this week from ETFGI that ETF assets have overtaken hedge fund assets.
“It may have taken a little longer than we expected, but ETFs are now a bigger part of the market than hedge funds” Edwards writes.
“In order to explain why hedge funds might be losing out in the race for assets, we thought we would re-examine the challenge of replicating hedge fund performance. When it comes to individual hedge funds, which are typically unconstrained by assets, leverage or geography, replication is
