Latest News
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
Carey Group has become the first listing agent in the world not based in the Cayman Islands to become a Cayman Islands Stock Exchange (CSX) listing agent.
Being based in the same time zone as London gives the Carey Group Guernsey team a significant advantage over all other CSX listing agents with respect to servicing European and MENA based clients.
As both a listing agent of the CSX and a listing member of the Channel Islands Securities Exchange (CISE), Carey Group’s Guernsey fund services business now has the unique capability to offer clients the choice of two recognised stock exchanges.
Alternative UCITS funds absolute were slightly down in July with the UAI Global index losing 0.33 per cent according to Alix Capital, the index provider.
Commodity and equity focused funds were the hardest hit because of challenging conditions in their respective underlying markets – the DJ UBS Commodity Index fell 4.99 per cent and the MSCI World fell 1.67 per cent. As a result, the UAI Commodity lost 1.45 per cent in July while the UAI Long/Short Equity was down 0.66 per cent, the UAI Event Driven lost 0.59 per cent and the UAI Equity Market Neutral lost 0.45 per
Dean Newman (pictured), Head of Emerging Markets Equities at Invesco Perpetual, comments on a perceptible shift in economic power due to emerging markets’ growing share in global GDP…
Since the Bretton Woods agreement in 1944, the world’s economic order has been US-led, highlighted by Washington being the location for global institutions such as the International Monetary Fund (IMF) and the World Bank. However, times are changing and new rising economic powers are questioning the current status quo.
A couple of weeks ago the leaders of Brazil, Russia, India, China and South Africa (BRICS) met at a summit to agree
A total of 34 Guernsey Alternative Investment Fund Managers (AIFMs) have utilised Guernsey’s National Private Placement (NPP) regime to market Alternative Investment Funds (AIFs) into Europe, as of 31 July, 2014.
The figures from then Guernsey Financial Services Commission (GFSC), which solely reflect marketing into Europe by Guernsey AIFMs and not that by European Economic Area (EEA) AIFMs, reveal that the 34 managers promote investment funds into one or more EEA Member States. These cover 15 of the 27 jurisdictions with whom Guernsey signed bilateral cooperation agreements in July 2013 ahead of the Alternative Investment Fund Managers Directive (AIFMD) coming into
Fortress Investment Group has held the successful close of Fortress Worldwide Transportation and Infrastructure Investors (FTAI) at its cap of USD995 million in total commitments.
FTAI was originally raised as a USD395 million fund; this was followed by a subsequent “top up” private capital raise of USD600 million of additional capital commitments.
FTAI brings together a diverse mix of high yielding transportation assets and value-add infrastructure projects. Its portfolio includes aviation, shipping, offshore energy and rail assets and infrastructure, including airplanes, jet engines, shipping containers, intermodal equipment, offshore energy vessels, as well as railway lines, railcars and terminals.
“The environment
