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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
Infinity Capital Partners has partnered with Vivaldi Asset Management to offer a registered multi-strategy investment fund with a minimum investment of USD25,000 that invests in leading hedge funds.
Infinity Core Alternative Fund (ZVAMIX), a closed-end interval fund of funds, was launched on 1 April 2014 and has assets of USD25 million.
Vivaldi Asset Management, a SEC Registered Investment Advisor (RIA) providing alternative investment solutions to independent RIAs and financial intermediaries, is the investment advisor. Infinity Capital Advisors, a division of Infinity Capital Partners, an independent, privately-owned fund of hedge funds manager, is the sub-advisor.
The fund is available
The Tel Aviv Stock Exchange (TASE) has approved the launch of stock options on the shares of two additional companies, Bezeq and Perrigo.
The trading of these new options will commence on 28 August 2014.
The launch of the new options follows requests made by market players, and enables investors to trade derivatives on telecom shares, an industry not currently represented in the stock option market. In the coming period TASE plans to undertake measures which will facilitate the launch of stock options on all TA-25 index constituents.
This year TASE celebrates the five-year anniversary of stock options
J Christopher Giancarlo has been officially sworn in as a commissioner of the US Commodity Futures Trading Commission (CFTC).
Giancarlo joins the CFTC from the GFI Group, an interdealer broker based in New York, where he was executive vice president.
Giancarlo joined GFI in 2001 as part of the acquisition of FENICS, where he structured strategic alliances with major investment banks.
Prior to joining FENICS, he was a partner in the New York law firm Brown Raysman Millstein Felder & Steiner, where he practiced corporate and securities law.
Giancarlo is a retired board member and former chairman
BNY Mellon’s dedicated managed accounts provider, HedgeMark, has added three new senior executives.
Bill Santos is global head of business development, responsible for global business development, marketing, and relationship management.
Maxine Alexis, head of the legal consulting group, will oversee all legal matters relating to the structuring and operation of HedgeMark’s Dedicated Managed Account (DMA) solution.
Neil Novembre, head of fund accounting, will oversee fund accounting operations for DMA.


In February, BNY Mellon announced an agreement to acquire its remaining ownership interest in HedgeMark. The deal was completed in early May.


“We’ve seen increased demand in
The Credit Suisse Hedge Fund Index finished up 1.13 per cent for the month of May with seven of the ten sub-strategies recording positive returns.
Managed futures led the way with a return of 3.09 per cent followed by emerging markets (1.35 per cent and global macro (1.08 per cent).
The month’s biggest loser was dedicated short bias, which finished the month down 1.10 per cent, while the other two sub-strategies to end May in negative territory were convertible arbitrage and equity market neutral with reruns of -0.52 per cent and -0.27 per cent respectively.
Hedge fund managers refusing to provide transparency is the single greatest reason for an investor veto, according to Deutsche Bank’s Global Prime Finance group’s third annual Operational Due Diligence Survey.
The survey, which polled investors globally representing over USD2.72trn of assets, shows the five most frequently cited red flags are an unwillingness to provide transparency, inadequate compliance policies, poor segregation of duties, lack of experience in critical roles and inappropriate valuation policies.
Investors and regulators require more robust operating infrastructure across all levels of a hedge fund’s business. Emerging managers in particular are more likely to provide greater transparency.
The Hedge Fund Association (HFA) has appointed Mark McGoldrick, managing director of Concept Capital Markets, and Greg de Spoelberch, director of marketing and operations at Opalesque, as the New York Chapter's regional co-directors.
McGoldrick and de Spoelberch will lead HFA in the region and help produce member educational programs and events. They will serve alongside McGladrey Partner Sal Shah, regional director for both the HFA’s Northeast Chapter and Connecticut Chapter.
McGoldrick has been a managing director at Concept Capital Markets since August 2011 following the firm's acquisition of Alaris Trading Partners, an introducing brokerage he founded in February 2006.
An EDHEC-Risk Institute study from the Lyxor research chair on “Risk Allocation Solutions” develops a conditional approach to risk parity, which contrasts with standard unconditional risk parity portfolios.
According to the paper, “Towards Conditional Risk Parity – Improving Risk Budgeting Techniques in Changing Economic Environments”, it has become increasingly apparent that a portfolio that seems to be well-balanced in terms of dollar contributions can be extremely concentrated in terms of risk contributions because of differences in volatility and pairwise correlation levels amongst the constituents.
Risk parity has become an increasingly popular risk management methodology within and across asset classes.
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