Latest News
The number of hedge funds trading Puerto Rico (PR) bonds is increasing, although exposure to specific credits has become bifurcated by whether they support or oppose the new Public Corporation Debt and Enforcement Recovery Act, according to a report from Fitch Ratings.
Fitch estimates there are now over 60 alternative fund managers holding more than USD16 billion of the island's debt in aggregate.
Some of these fund managers support the Recovery Act in order to ring-fence commonwealth obligations from PR public corporations while others are suing to annul it.
On the traditional side, total US mutual fund ownership
Running a successful hedge fund trading strategy requires high levels of skill, research, idea generation and a clear understanding of market dynamics. Such perspicacity, however, is becoming just as important in how a fund’s operations run.
Regardless of how complex the operational infrastructure, quality data is the lifeblood on which a fund’s day-to-day success depends. Indeed, in the opinion of Bennett Egeth, President of Broadridge Investment Management Solutions, data is the buy-side community’s new KPI. “It impacts every aspect of a firm’s alpha generation, operational efficiency, regulatory compliance and risk management.”
Fund managers are becoming mindful of the fact that
Marc Lim has joined tax firm WTAS as a managing director in the commercial and alternative investment funds practices in the San Francisco office.
Prior to joining WTAS, Lim spent nine years as a tax practitioner in Japan and was a partner at Zeirishi-Hojin PricewaterhouseCoopers in Tokyo.
A Bay Area native, Lim spent six years prior to Tokyo servicing technology clients as an international tax practitioner at both PricewaterhouseCoopers and Arthur Andersen in San Jose, California.
Lim has more than 15 years of experience in international tax consulting to multinational corporate and financial services clients. His practice area
BlackRock has launched the BlackRock Multi-Manager Alternative Strategies Fund, offering individual investors the opportunity to access multiple alternative investment strategies in a single open-end mutual fund.
The investment objective of the fund is to seek total return.
The fund extends BlackRock's alternative mutual fund platform to seven funds.
The fund leverages the industry knowledge of BlackRock Alternative Advisors (BAA), BlackRock's hedge fund solutions platform.
"Following the market volatility of recent years, it is critical for investors to understand that exposure to a wider range of investments is necessary as part of a core investment strategy," says Ken
All managed futures indices calculated by Newedge reported negative performance in July, although the Newedge CTA Index remains in positive territory for the year at +0.14 per cent year-to-date, a decline of 0.91 per cent over the month.
Trend followers had a difficult July, bringing the Newedge Trend Index down to -1.06 per cent, increasing the negative performance of the year to -1.76 per cent.
Performance attribution data from the market-based Newedge Trend Indicator shows that the positive performance achieved during the first part of July was offset by losses at the end of the month.
Bonds continued
The gross return of the SS&C GlobeOp Hedge Fund Performance Index for July 2014 measured -0.37 per cent.
Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index advanced 0.62 per cent in August.
“Net flows returned to positive territory for August, with both subscriptions and redemptions at lower levels than July,” says Bill Stone, chairman and chief executive officer, SS&C Technologies.
The SS&C GlobeOp Hedge Fund Performance Index is an asset-weighted, independent monthly window on hedge fund performance. On the ninth business day of each month it provides a flash estimate of the gross aggregate
Buttonwood Group Advisors is to list on the FNEX online alternative investment platform via its placement agent, affiliated broker-dealer Joseph Gunnar & Co.
FNEX.com provides accredited investors, investment advisors, family offices and institutions access to private investment opportunities offered by investment banks and funds across the US.
The distribution platform lists offerings and provides investors with the necessary tools to educate themselves on alternative investment opportunities. To date, FNEX has integrated with custodians, trusts and self-directed IRA platforms that represent over 400,000 accounts and over USD40 billion in assets under management, with more than 200 investment banking offices and
Imagine Software has developed a portfolio risk and compliance management system that will be used by Rothschild Larch Lane Management Company for its new alternatives 40 Act Fund.
The system will assist Rothschild Larch Lane in the management of portfolio risk and compliance with trading guidelines and restrictions and regulations applicable to a 40 Act Fund.
“Imagine was able to provide a customised, all-in-one solution to simultaneously track regulatory limits and investment risk – which is crucial in alerting us to potential breaches of guidelines and supports our ability to perform institutional-grade due diligence,” says Eric Konigsberg, director of risk
The National Futures Association (NFA) has revoked the registration of Joel W Himel of Vernon Hills, Illinois, a floor trader at the Chicago Board of Trade (CBOT).
A designated sub-committee of NFA's membership committee issued the final order revoking registration because Himel has failed to respond to allegations from NFA. Himel was notified of the charges on 27 May when NFA issued a notice of intent to revoke registration.
The notice of intent alleges that in October 2013, the CBOT business conduct committee entered an order finding that Himel failed to answer the charge that he failed to appear
Murano Connect is establishing a presence in Midtown Manhattan and expanding its US analytics team there.
Murano is a London-based firm that provides an “investment dating service,” connecting compatible funds and investors.
Since incorporation in early 2011, Murano has expanded its client base outside of the UK and Europe and now works with a range of managers worldwide.
“Being London-based is a major advantage and allows us to have global reach. We start the day calling investors in Asia and finish the afternoon in the US," says Kristen Meehan, head of North American sales.
Murano initially established
Special Reports
FeatureD
- Insight
