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Since the market correction of 2008, a vast majority of hedge fund net asset flows have gone to a small minority of hedge funds with the strongest brands, marking a change from the pre-2008 environment.
A brand is an investor’s perception of the overall quality of a hedge fund based on multiple evaluation factors that evolve over time, says Agecroft Partners. A high-quality brand takes a long time to develop, but once achieved, it significantly enhances a firm’s ability to raise capital and retain assets during a drawdown in performance.
Branding is a critical issue for all hedge funds,
SEI has appointed four independent board members for its recently-launched series trust, The Advisors’ Inner Circle Fund (AIC) III, which addresses the rising demand for alternative strategies packaged as mutual funds.
The board members, Jon Hunt, Terry Jones, Tom Lemke, and Randy Yanker, have hands-on experience in the financial services sector.
SEI’s Investment Manager Services division introduced its Advisors’ Inner Circle platform nearly 25 years ago. The platform, which now holds over USD35 billion in assets under management, launched its third series trust, AIC III, to provide managers with a turnkey solution for the operations of a variety of
Wells Fargo Securities has received approval from the Financial Industry Regulatory Authority (FINRA) for a self-clearing brokerage providing additional financing and services solutions to alternative asset managers.
“We are committed to offering clients the full breadth of resources and solutions that can help them adapt to this evolving landscape,” says Eamon McCooey, head of Wells Fargo Securities’ Prime Services. “By adding our self-clearing capabilities as well as maintaining our introducing broker model, we are taking the next thoughtful step in building out our prime services platform. These new capabilities fit within the strong risk infrastructure run by our experienced compliance
Accounting firm Richey May & Co has expanded its alternative investment division by adding three senior-level hires – Daniel O’Connor, Stephen Vlasak and Jonathan Sharon, who will lead the practice.
“The addition of these individuals reflects our ongoing commitment to provide an outstanding level of service as our alternative investment client base grows and as we focus on the middle market,” says Ken Richey, managing partner of Richey May. “We are pleased to be adding such talented executives to enhance and broaden our growing alternative investment team of professionals.”
O’Connor is an audit partner and Richey May’s alternative investment service
The Securities and Exchange Commission (SEC) has charged a Bahamas-based brokerage firm and its president for enabling a fraud that was halted when the SEC charged the hedge fund manager at the centre of the scheme.
The SEC alleges that Julian R Brown and his firm Alliance Investment Management Limited (AIM) purported to be the “custodian” for assets under the management of Nikolai Battoo. The SEC obtained a court-ordered freeze over Battoo’s assets after charging him in 2012 with defrauding investors around the world by hiding major losses while falsely boasting that their investments were performing remarkably during the financial
Despite geopolitical turmoil and global economic uncertainties, both the global and US economy appear to be at an inflection point in mid-2014 to a somewhat stronger growth rate despite risks, according to BNY Mellon Chief Economist Richard Hoey (pictured) in his most recent Economic Update…
After an initial global growth surge early in the expansion reflecting an easing financial crisis and aggressive Chinese stimulus, global growth has been running at a sustained but sluggish pace for several years,” said Hoey. “This has extended through the first half of 2014 since two major countries (the U.S. and Japan) were roughly flat
Kaspar Hense has joined Fixed income and alternative investments specialist BlueBay Asset Management’s investment grade team as portfolio manager for global sovereign and aggregate bond strategies.
BlueBay’s investment grade business currently stands at close to USD30bn of AUM (as at 30 June 2014) and incorporates seven distinct strategies in traditional and alternative investment vehicles. With the addition of Kaspar, the investment grade team now comprises 24 investment professionals with an average investment experience of 13 years.
Kaspar has nearly a decade of global fixed income portfolio management experience. He started his investment career in 2005, and worked for much
The California Hedge Fund Association (CHFA) has added over 800 members cinches its formation in 2010 to become the industry's regional focal point for individuals who work for hedge funds and funds of hedge funds.
The CHFA has become a highly regarded non-profit, member-based organisation and has remained true to its core mission of fostering the growth and development of the hedge fund and alternative investment community in California through advocacy of sound business practices, events, resources, outreach, and educational programs. In the past year, CHFA hosted and co-presented more than 25 well-attended educational and outreach events and saw its membership soar
Online alternative investment and private securities marketplace FNEX has appointed Neal Wolkoff to its Advisory Board.
FNEX.com is an online marketplace for alternative investments, including placements in private companies, hedge funds and managed futures accounts launched in September 2013. The innovative web-based platform provides accredited investors, family offices and institutions access to investment opportunities offered by investment banks and funds across the United States.
Todd Ryden, CEO of FNEX, says: "The wisdom and wealth of experience in launching and running and regulating successful exchanges and marketplaces that Neal brings to the table is invaluable and something that FNEX will immediately
Johan Terblanche has joined global law firm Dechert as a partner in the financial services group. Terblanche, who was most recently a partner at Loyens & Loeff, will be resident in the firm’s Luxembourg office.
“Our Luxembourg office has doubled its business over the last four years,” says Peter Astleford, global co-chair of Dechert’s financial services group. “The arrival of Johan will help continue this trend and will herald an additional focus on US and UK promoters wishing to utilise Luxembourg as a private funds base.”
"Johan is a great addition and with his deep experience on both Luxembourg
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