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Skënderbeg Alternative Investments, the investment adviser for fund of hedge funds the Skënderbeg Fund, has made two new hires.
Elaine Xie has joined the firm as business manager while Masaru Kaga joins as business development manager. Both will be responsible for managing and driving Skënderbeg's sales process.
Miranda Ademaj, CEO of Skënderbeg Alternative Investments AG, says: “We find ourselves in the fortunate position of needing to add further resources to serve our clients and we are confident that adding Elaine and Masaru to the team will further enhance the breadth, capabilities and ultimately the performance of our business. The
Greensolver, the independent wind and solar farm asset manager, has launched Greensolver Index, its asset management performance benchmarking tool for the UK and Irish wind and solar energy markets.
Traditionally, funds, utilities and independent power producers have had to rely on isolated project portfolio performance information to analyse energy generating asset performance.
The new index enables asset managers and investors to move beyond these points of reference and ultimately make better-informed future investment and asset management decisions.
As wind and solar projects become of increasing interest to clean energy investors and the secondaries market, there is a growing
The Conifer Group, which merged with Vastardis Capital to form Conifer Financial Services – an asset services firm offering front to back capabilities across all asset classes to pensions, endowments, family offices, hedge funds, private equity and venture capital managers, RIAs and traditional asset managers – is celebrating 25 years in the industry.
Jack McDonald, president and CEO of Conifer Financial Services, says: "Bill Vastardis and I extend our personal assurance that the superior services our clients have enjoyed will continue. We are committed to providing enviable levels of personal service, technology and financial expertise that are unsurpassed in the
Deutsche Börse Market Data + Services will now disseminate and be the exclusive licensor of real-time market data for key commodity derivatives products traded on Cleartrade Exchange.
Cleartrade Exchange (CLTX) is a Singaporean regulated futures market for the global commodity derivatives marketplace.
“This new market data partnership provides CLTX with access to our extensive data distribution and licensing network comprising more than 480 market data vendors,” says Georg Gross, head of information, Market Data + Services, Deutsche Börse. “At the same time it will become easier for our clients to use key derivatives data from the fast-growing regulated commodity
The Financial Conduct Authority (FCA) has imposed fines totalling GBP1.1 billion (USD1.7 billion) on five banks for failing to control business practices in their G10 spot foreign exchange (FX) trading operations.
The banks and their respective fines are: Citibank NA GBP225,575,000 (USD358 million), HSBC Bank Plc GBP216,363,000 (USD343 million), JPMorgan Chase Bank NA GBP222,166,000 (USD352 million), The Royal Bank of Scotland Plc GBP217,000,000 (USD344 million) and UBS AG GBP233,814,000 (USD371 million).
The FX market is one of the largest and most liquid markets in the world with a daily average turnover of USD5.3 trillion, 40 per cent of which
FinServ Consulting has released the findings of the firm’s semi-annual Hedge Fund CFO Roundtable, which was held in October and focused on the outsourcing of regulatory reporting and the impact of Basel III.
Ten CFOs from alternative asset management firms with AUM ranging from USD1 billion to USD20 billion took part in the roundtable, which featured presentations by Howard Weinstein, managing partner of FinServ Consulting, and Craig Stein, partner at Schulte Roth & Zabel.
In the area of the outsourcing of regulatory reporting, feedback from the FinServ CFO Roundtable included the following:
• Approaches to managing Form PF
Evanston Capital Management has published a white paper examining methods of evaluating performance for hedge funds and other investments.
Hedge funds are often criticised within the investment community for poor performance compared to the S&P 500. However, such a comparison is inadequate for hedge funds or other investments, according to the paper – How To Evaluate Hedge Funds Or Any New Investment: Alphas, Sharpe Ratios, and The Underutilised – But Most Important – Appraisal Ratio.
Rather, investors should be evaluating new investments based on the ability to increase the total portfolio’s Sharpe Ratio in keeping with modern portfolio theory
Hedge funds in Europe are set to suffer a sharp increase in fines and rejection by investors because of failure to understand changes in governance, reporting and operational requirements under the AIFMD.
That’s the view of ViClarity, a provider of compliance software.
US and European regulators have fined the banking sector a record USD43bn in 2013 and this pressure is set to continue as the authorities drive to minimise risk in this sector. Hedge funds are firmly in their sights, ViClarity believes.
ViClarity estimates that the vast majority of hedge funds and the broader alternatives industry in general
Varonis Systems is to supply Abacus Group, a provider of hosted IT solutions for hedge funds and private equity funds, with a platform to monitor, manage and capture unstructured data in the Abacus private cloud.
Through this new relationship Abacus clients will have access to enhanced reporting capabilities and greater visibility into their IT infrastructure as required by global regulators and investors.
Changes in regulatory compliance are driving a demand in the financial markets for better reporting and oversight. The Securities and Exchange Commission’s (SEC’s) Office of Compliance Inspections and Examinations (OCIE) has recently issued a Risk Alert on
Pershing Square Capital Management is filing a beneficial ownership report on schedule 13D with the US Securities and Exchange Commission (SEC) to disclose its ownership of 41,823,145 shares of Zoetis.
Pershing also has additional economic exposure through cash-settled total return swaps representing 995,602 notional shares, for an approximate 8.5 per cent stake in Zoetis’ 501,324,843 shares. For its investment, PSCM will have paid aggregate consideration (including amounts to settle its derivatives) of USD1,542,400,006.
PSCM intends to consult with Sachem Head Capital Management with respect to their investments in Zoetis. Sachem Head beneficially owns 4,395,000 shares of common stock of
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