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The 12th Annual Midwest Open Your Heart to the Children Benefit organised by Hedge Funds Care/Help For Children (HFC) raised over USD670,000.
The money will be distributed to local Midwest charities that work to prevent and treat child abuse through HFC’s rigorous granting process.
The benefit brings together the hedge fund, proprietary trading, private equity, and venture capital communities to provide direct support for local Chicago charities that prevent and treat child abuse.
Edward Haravon of Spot Trading and Benji Wolken of Ernst & Young are this year’s Midwest Committee of Hearts co-chairs.
The 5th Annual Kelly
The Morningstar MSCI Composite AW Hedge Fund Index, an asset-weighted composite of nearly 1,000 hedge funds in the Morningstar Hedge Fund database, increased 0.1 per cent in April.
The S&P 500, meanwhile, rose 0.7 per cent while the small-cap Russell 2000 declined 3.9 per cent.
The Morningstar MSCI Composite AW Hedge Fund Index has increased 1.2 per cent for the year through April.
“Markets continued divergent performance in April,” says AJ D’Asaro, fund analyst at Morningstar. “US small-cap companies, traditionally a bulwark for hedge funds, declined further as investor sentiment reversed in small-cap growth stocks. European stocks, however,
Ahead of this week’s ECB monetary policy meeting, hedge funds are cutting positions on the common currency in the anticipation of the central bank adopting expansionary measures, according to Philippe Ferreira, head of research at Lyxor’s managed account platform (MAP).
Options for the Frankfurt-based institution involve a cut of the main policy rate; a cut in the deposit rate to negative territory; and the adoption of unconventional measures such as outright quantitative easing, LTRO and ABS purchases.
Both CTAs and global macro funds recently cut exposures to the EUR vs USD, though the former remain long EUR in net
The pressing issues within the Insurance Linked Securities (ILS) sector will take centre stage at a Guernsey Finance-hosted thought leadership event in Zurich next month.
The event, ILS Insight, takes place at the Park Hyatt Zurich on 2 July and will include two panel sessions featuring ILS experts from Guernsey, the UK and mainland Europe.
An introduction will be provided by Fiona Le Poidevin (pictured), chief executive of Guernsey Finance – the promotional agency for the island’s finance industry.
“I am delighted that we have been able to secure this group of panellists who are all extremely well
The Commodity Futures Trading Commission has issued an order granting a request from ICE Clear Europe regarding portfolio margining of futures and foreign futures contracts.
The order, which is pursuant to Section 4d(a) and (b) of the Commodity Exchange Act, amends an earlier order dated 15 October 2012, which set forth terms and conditions under which ICE Clear Europe and its clearing members that are registered futures commission merchants may (1) commingle in an account subject to Section 4d(a) and (b) (a futures customer account) positions in futures and options, and foreign futures and foreign options, and related customer money,
The Order Machine (TOM) has launched The NL20 Index, a Dutch total return index that reflects the real performance of the 20 largest listed companies in the Netherlands.
The key principles of the NL20 Index are transparency, predictability, efficiency, continuity and quality.
With NASDAQ OMX disseminating the index values every second via its Global Index Data Service (GIDS) the NL20 Index has a global reach and will serve as a basis for tradable products, such as derivatives and exchange-traded funds.
The NL20 Index consists of the 20 largest Dutch listed companies by free float market capitalisation, which had
GoldMoney, the online precious metals trader, has strengthened its management expertise with the promotion of two new directors, Natasha Le Dain-Cyples and Christina Irgel.
Le Dain-Cyples and Irgel have joined chief financial officer Peter Wright in leading the day-to-day business of the British-based company with chief executive officer, Geoff Turk.
Le Dain-Cyples is head of human resources for GoldMoney. She has 20 years of senior management experience with a strong understanding of the needs of a business from a strategic people management and organisational perspective. Le Dain-Cyples joined the team in 2012 from Standard Bank where she was a
Mirabaud Asset Management has launched the Global Equity High Income Fund with assets in excess of USD25m following a six-month incubation period.
It is a sub-fund of the Mirabaud Luxembourg Sicav.
The fund will be managed by Kirill Pyshkin who joined Mirabaud earlier this year from Aviva Investors where he was a senior fund manager, global equities.
The Mirabaud Global Equity High Income Fund aims to deliver attractive and growing income from dividends, at least 25 per cent higher than that available on the broad equity market and growing above inflation, with potential for capital appreciation. Pyshkin intends
Most of the principals and employees of Rothstein Kass, a professional services firm in the hedge fund industry, are to join US audit and tax advisory firm KPMG.
The move brings together KPMG’s alternative investments presence and global reach with Rothstein Kass’ expertise and personnel.
The transaction is expected to close in the coming weeks, and terms of the agreement will not be disclosed.
“Combining the strength of KPMG and its global reach with Rothstein Kass’ leading market position will create the preeminent professional services provider in the hedge fund market,” says John Veihmeyer, global chairman of KPMG.
Friends Life, the insurance and pension provider, has agreed a new syndicated loans mandate worth GBP200 million with Ares Management.
The alternative asset manager will be investing in UK and overseas senior secured syndicated loans.
The deal marks Friends Life’s entry into this asset class and follows other recent mandates awarded to third-party specialist managers for infrastructure and commercial real estate loans, each worth GBP500 million.
This GBP200 million investment is being made from shareholder funds and offers the potential for higher returns on this capital.
Tim Tookey, chief financial officer at Friends Life, says: “I am
