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Stonegate Global Fund Services has tapped attorneys Hays Ellisen and Michael Blackburn to lead its business expansion efforts in hedge fund formation and fund administration in New York.
"Stonegate's rapid growth is evidence that fund managers prefer to have fund formation, regulatory and compliance, fund administration, and prime brokerage services delivered through one organization, with a reasonable cost structure, rapid turn-around time, and excellent customer service," stated Ellisen. "I am excited to join the Stonegate team as we expand our New York presence and continue delivering value-added, comprehensive solutions to our clients."
Ellisen will serve as Senior Fund Counsel supporting
Unigestion has launched Uni-Global Cross Asset Navigator, a daily-liquidity, UCITS IV-compliant fund that allocates based on an assessment of the risks associated with the prevailing macroeconomic backdrop.
Targeting a return of three-month Libor + 4% per year over a full economic cycle with half the long-term risk of the stock markets, Uni-Global Cross Asset Navigator combines a risk-based approach to investment with in-depth macroeconomic analysis, enabling it to provide attractive return potential in most market environments. The fund starts off with a risk-diversified allocation to a large set of traditional (global developed and emerging equities, sovereign bonds, credit and commodities)
HedgeCoVest continues to attract some of the largest managers in the industry to its real time hedge fund replication platform, with USD21bn fund manager Fred Alger Management the newest firm to join the roster.
HedgeCoVest’s revolutionary allocation tool, the Replicazor, mirrors the portfolio and trading strategies of hedge funds directly into an investor’s brokerage account. Part of HedgeCo Networks, the Florida based firm offers investors the chance to allocate to portfolios from a wide range of hedge fund products provided by managers.
“We are thrilled to announce the launch of the HedgeCoVest platform,” says Evan Rapoport, CEO/Founder of HedgeCoVest. “For
977 private equity funds held a final close throughout the year raising a total of USD486bn, higher than any annual amount between 2009 and 2012, and on track to match the 2013 total. Preqin’s Christopher Elvin (pictured) reviews a year of private equity fundraising:
Investor appetite for private equity remained strong throughout 2014, with the amount of capital raised by fund managers on a par with the last couple of years. It is likely that the figure will match the amount of capital raised in 2013 (USD531bn), as Preqin expects the 2014 fundraising figure to increase by 10-20% as more information
By James Williams, Hedgeweek – It is widely acknowledged that many CTAs have failed to deliver any meaningful performance over the last few years. The period 2011-12 was particularly tough. The Newedge Trend Index was down -7.93 per cent and -3.52 per cent respectively and despite market trends beginning to re-emerge in 2013, the Newedge Trend Index still only returned +2.67 per cent.
That said, one needs to look beyond the ‘average’ performance of managed futures strategies. Last year there were many strong performers. Lyxor’s own medium- to long-term strategy – Lyxor Epsilon Managed Futures – returned over 15 per
By James Williams (pictured), Hedgeweek – Trend-following strategies have endured a difficult few years. At the height of fear regarding the future stability of the Eurozone, central bank intervention in the west led to low volatility and highly correlated, non-trending markets. Read any financial article from the 2011/12 period and chances are the term ‘risk on risk off sentiment’ was used.
The evaporation of market trends proved anathema to managed futures. Fast forward to 2014, however, and this strategy has returned to form. At a time when fears still remain over the fragility of economic recovery – more so in
Amundi has appointed Jeannine Daniel as Head of Equity Strategies, Senior Analyst at Amundi Alternative Investments, based in its London office.
Using her wide experience in the alternative investment space and more particularly in Hedge Fund manager selection, Jeannine, with the support of her team, will be responsible for sourcing, selecting and monitoring the best Hedge Fund managers for Event Driven and other Equity strategies, for the needs and benefits of Amundi Alternative Investments’ multi-manager solutions and Irish Managed Account Platform. She reports to François-Regis Bocqueraz, Global Head of Hedge Fund Manager Relations and Selection.
Daniel has 10 years Hedge
Hedgebay, the secondary market platform, has confirmed the highest premium transaction on its platform since 2005.
The transaction, which was completed last month via its UK regulated authorised agent, potentially signals the return of investor confidence in managers as well as a reaffirmation of the secondary market as a viable means to efficiently rebalance portfolio positions.
Prior to the financial crisis unfolding in 2008, the secondary market’s central function was to allow investors to rebalance their portfolio of high performing and/or long lock-up funds. The vast majority of these transactions were executed at prices that were very close to
Lombard Odier Investment Managers (LOIM) has appointed Théodore Economou as Chief Investment Officer of LOIM’s multi-asset business, effective 1 February 2015.
The unit, which managed USD5.2 billion at the end of December, also includes a fiduciary management division.
Economou most recently served as CEO and Chief Investment Officer of the CERN Pension Fund, where over five years he initiated a risk-based approach that came to be known as the CERN Model. The multi-asset, factor-driven model aims to preserve capital while maximising returns relative to risk.
Economou will be based in Geneva and build on a similar approach that LOIM
Shelton Capital Management has added Joe Mazzola to the firm’s investment management team.
Mazzola, formerly a Senior Strategist for TD Ameritrade, has over sixteen years of investment management experience including portfolio management, risk analysis and dynamic hedging techniques.
Shelton Capital Management manages several Separately Managed Account (SMA) strategies that seek risk reduction or enhanced income using option strategies. Barry Martin, CFA, has been the lead portfolio manager on the strategies which now totals USD175 million along with GIPS-verified track records.
“For years, Joe has demonstrated expertise in helping advisors implement sophisticated option strategies for the benefit of their clients. Joe
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