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Alternative credit asset management firm DFG Investment Advisers (DFG) has appointed industry veterans Roberta Goss and Timothy Milton as senior members of the firm’s growing leveraged loan platform.
“I am very pleased to have my former colleagues join our firm. Roberta and Tim both had very distinguished careers at Goldman Sachs and other top firms, and they are great additions to the team,” says Philip Darivoff, Chairman of DFG’s Board of Directors.
“Roberta and Tim bring a wealth of portfolio management and trading expertise in the loan and high yield asset classes, and we are thrilled to have them
Huntington Asset Services is providing support for Spouting Rock Fund Management’s Spouting Rock/Convex Dynamic Global Macro Fund, which launched 21 November.
Huntington offers administration, accounting, custody, transfer agency services, distribution and tax services for the fund, which pursues positive absolute returns by investing on a global basis across a broad spectrum of asset classes, economic sectors and geographic markets, primarily through the use of ETFs.
“Spouting Rock is an innovative, client-centric firm with a proven track record evaluating alternative strategies,” says Joseph Rezabek, president of Huntington Asset Services. “The firm is a perfect partner for Huntington and demonstrates our commitment
361 Capital, a liquid alternative investments firm focused on providing institutional quality mutual funds, has launched the 361 Global Long/Short Equity Fund, sub-advised by Los Angeles-based Analytic Investors.
The Fund uses the same investment strategy as the Analytic Global Long/Short Equity Composite, which commenced December 2009. The Fund also launched with an existing 11-month track record following the reorganisation of the Analytic Global Long/Short Equity Fund, LP, a limited partnership that has been operating since January 2014.
“Long/short equity is the largest category in Morningstar’s classification of alternative mutual funds, but there is currently a shortage of quality funds
Duff & Phelps Corporation is to establish a dedicated financial regulatory and compliance consulting practice through the acquisition of Kinetic Partners. The new practice will be headed up by Kinetic Partners CEO Julian Korek.
In addition to the new Financial Regulatory and Compliance Practice, clients will benefit from enhanced corporate recovery, forensic, valuation, corporate finance and tax expertise across both firms. Kinetic Partners will expand Duff & Phelps’ footprint in New York, London, Dublin and Hong Kong, and introduce new offices in Luxembourg, the Channel Islands, the Cayman Islands and Singapore. The transaction is expected to close in early 2015,
Dominic Wheatley (pictured), Chief Executive of Guernsey Finance, explains how the Island provides Latin American fund managers and investors with a unique offering.
Colleagues who visited Brazil, Chile and Colombia earlier this year were struck by the way in which Latin American institutional investors are shifting their allocations away from simply the traditional domestic market to incorporate wider asset classes, such as private equity and with global exposure, including Europe.
These factors, coupled with a desire to access European capital, are driving Latin American fund managers to establish European-based platforms subject to European regulation, such as the Undertakings for
Eze Software Group has integrated its execution management system (EMS) with its order management system (OMS), combining critical trading and compliance workflows across its front-to-back product suite.
With this latest development, users can benefit from the advanced trading tools available in RealTick EMS while also taking advantage of important Eze OMS features such as fully integrated compliance, position checking, and automated allocations.
With the introduction of advanced compliance features into RealTick MS, pre-trade compliance checks now run seamlessly in the EMS at trade entry and throughout the trading life cycle. This provides clients with a more holistic pre-, intra-,
Hedge funds gained 0.79% in November, according to the Barclay Hedge Fund Index compiled by BarclayHedge. The Index is now up 3.47% in 2014.
“A continuing recovery in the US, along with increased monetary stimulus in Japan and possibly Europe, served to drive global equity prices higher in November,” says Sol Waksman, founder and president of BarclayHedge.
Overall, 15 of Barclay’s 18 hedge fund indices had gains in November. The Healthcare & Biotechnology Index was up 2.62%, Global Macro gained 2.34%, European Equities were up 1.97%, the Multi Strategy Index added 1.39%, and Equity Long/Short gained 1.22%.
“After
Global investors are keeping faith with equities while raising cash as markets enter the volatile year-end period, according to the BofA Merrill Lynch Fund Manager Survey for December.
Asset allocators have hiked their cash holdings to an average 5 per cent. Moreover, a net 28 per cent are now overweight relative to their benchmarks. This is the survey’s highest reading on this measure since June 2012.
Despite this defensive move, respondents show renewed confidence in the global economy. A net 60 per cent now expect it to strengthen over the next year – up almost 30 percentage points in two
Euronext has launched a range of Single Stock Dividend Futures on the most liquid stocks listed on its Amsterdam, Brussels, Lisbon and Paris markets.
The new dividend futures contracts will be available for trading in Q1 2015, starting with CAC 40 Index components. Euronext’s Single Stock Dividend Futures will offer investors additional dividend trading potential and will enable them to benefit from efficient pricing. The new products complement Euronext’s already existing dividend index offering made of the CAC 40 and AEX Dividend Index Futures.
Dividends are a key component for equity and equity derivatives holders and dividend futures are
GAMCO Investors has appointed Dennis J DeCore as Co-Portfolio Manager of the Comstock Capital Value Fund.
DeCore joins Charles L Minter, who has been a Portfolio Manager of the Comstock Capital Value Fund since its inception in 1985.
DeCore has more than forty years of experience in the brokerage business. Prior to joining GAMCO, he held positions at Merrill Lynch and Nomura Securities. DeCore received a BS in Finance and Economics from Rider University and an MBA in Finance from New York University.
