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DMS Offshore Investment Services (‘DMS’) was established in the Cayman Islands by Don Seymour in 2000. Over the past 14 years it has grown into one of the industry’s leading fund governance firms with over 200 people. “It’s been a 14-year overnight success,” says Seymour (pictured) with tongue firmly in cheek.
Prior to establishing DMS, Seymour was the chief regulator of hedge funds at the Cayman Islands Monetary Authority (CIMA). It was there that Seymour noticed that many fund directors didn’t view themselves as being in the risk management business.
“The mission of DMS was to realise the fact
Last year SEI grew its business across three client segments: 1) New clients, 2) Existing clients consolidating their administration services with SEI and 3) Existing clients utilising more of SEI’s product offerings.
“We’ve achieved much more market acceptance of some of the innovative solutions we’ve rolled out. The SEI Manager Dashboard is the key entryway that our manager clients use to gather insight from their data, whether it be from a security or fund-level perspective. Managers have found this particularly useful as they can customise it to their specific requirements. Linked to this is the SEI Investor Dashboard, an application
DUNN Capital Management was established by legendary futures trader William Dunn, PhD, back in 1974. The trading strategy is 100 per cent systematic. The firm’s flagship fund – the USD308m DUNN World Monetary & Agriculture (‘WMA’) Program – began trading in 1984 and uses trading algorithms to build long and short positions in a medium- to long-term trend-following strategy.
DUNN charges no management fee, only an incentive fee. This is to help reassure investors “that we are on the same side of the table. Also, 50 per cent of our trading capital is our own money. We trade exactly the same
Robert Hay (pictured) founded Bayou City Capital LP in November 2000. Both Hay and William Monroe, who joined in 2011, represent the fund’s General Partner, Omni Trading LLC, a registered Commodity Pool Operator and Commodity Trading Advisor with the National Futures Association. Both Hay and Monroe share a background in options trading within the highly volatile energy futures markets.
The Fund’s trading origins lie in a natural gas physical storage option-writing strategy. Over the years, Hay experimented with various asset classes including the S&P 500, natural gas, as well as WTI crude oil futures. It was only in 2004 that
This year’s Hedgeweek USA Awards event, held at the ‘Les Trois’ private room at Restaurant Ca Va in the Intercontinental Hotel, brought together an exclusive group of some of the hedge fund industry’s leading practitioners.
Fom leading high yield credit hedge funds such as Jeff Peskind’s Phoenix Investment Adviser LLC, DUNN Capital Management and Paulson & Co, through to Goldman Sachs (Best North American Prime Broker), Rothstein Kass and leading administrators’ SEI and Meridian Fund Services, the atmosphere left one in no doubt that the esprit de corps is fervent within the US hedge fund industry.
In his opening
A federal judge has upheld all of the key claims in a lawsuit filed against financial services firm Cantor Fitzgerald and its owner and chief executive Howard Lutnick by the bankruptcy estate of former futures broker Refco Inc.
The suit, filed in 2013, alleges that Cantor's Nevada gaming businesses acquired proprietary technology and other assets from a subsidiary in which Refco held a 10 per cent stake, without ever compensating the subsidiary and depriving Refco of its interest in the assets.
In an 80-page ruling on Cantor’s motion to dismiss delivered 10 June, US District Judge Ronnie Abrams allowed
International legal, tax, fiduciary and fund services group Maitland has appointed David Kubilus to the newly-created role of head of business development, client management and marketing.
Kubilus (pictured), a US national, is an international executive with experience in both the US and Europe.
He will be based in Maitland’s London office, forming part of Maitland’s executive committee and reporting to CEO Steve Georgala.
For the past 16 years, Kubilus has worked for State Street and its affiliates in Boston and Luxembourg, most recently as head of business development in Luxembourg. Prior to State Street, he worked for American Express
The European Central Bank’s (ECB) measures were reasonably above, or at least in line with, hedge funds’ expectations, says Philippe Ferreira, head of research at Lyxor’s Managed Account Platform.
In particular, those fostering credit with more credible hints at ABS purchases were well received and should benefit periphery trades. The other consequence was that long European equity and short EUR/USD positions contributed to the positive performance of the week.
The start of the year has been slightly disappointing with regard to optimism prevailing at the end of 2013. Nevertheless evidences of a US Q2 snapback, continued progresses in EU
GoldenTree Asset Management, an investment firm that manages alternative and traditional asset strategies for sophisticated institutional and high net-worth investors, has opened a Singapore office.
Shahriar Saadullah has been appointed as managing director to run business development in Asia Pacific. He reports to Kathy Sutherland, GoldenTree’s global business development head.
The Singapore office will initially focus exclusively on business development in permitted areas, although hiring investment professionals to operate from that location could be a future consideration.
“The opening of a Singapore office is an indication of our commitment to investors in the region and underscores the growing
Linedata has released a new version of its transfer agency software Linedata Mshare, which is designed to address client concerns over both regulatory compliance and how to attract new business.
This release includes FATCA withholding tax capabilities, Anti-Money Laundering (AML) updates and enhanced private equity functionality.
The new release of Linedata Mshare ensures that its clients are regulation-ready with its automated FATCA withholding tax capabilities and AML updates, two areas of regulation that impact significantly on transfer agents, fund administrators and the investment market as a whole. It also enables Linedata’s clients to expand their own client base beyond
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