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Harneys is opening an office in Singapore on 7 April.
Colin Riegels, head of Harneys’ banking and finance practice group, will relocate from Hong Kong to Singapore as the managing partner of the new office, and he will be joined by Hong Kong funds partner Lisa Pearce.
Peter Tarn, chairman of the executive committee, says: “Singapore is a key jurisdiction in terms of cross-border capital flows and private wealth in South East Asia. Harneys’ Asia practice has experienced explosive growth over the last couple of years, and I have every confidence that Colin and Lisa will be able to build
ABN AMRO Investment Management has launched the first two ABN AMRO Basic UCITS exchange-traded funds reported AssetServicingTimes this week. Both have been listed on Euronext Amsterdam.
CACEIS has been awarded the fund administration mandate. Both funds are physical ETFs that invest in a basket of shares to replicate the underlying index. Neither fund is engaged in securities borrowing and lending, thus removing the threat of counterparty risk.
Bart Mantje, director at ABN AMRO Investment Management, was quoted as saying: “We are delighted to be able to offer these high quality investment solutions to the market. We believe that ABN
After launching its new brand and announcing a fresh start with the shareholder New York Life Investment Management last month, Candriam is in the process of renaming all of its funds.
This process, which should be completed by the summer 2014, begins with the alternative investment fund range.
Fabrice Cuchet, member of the executive committee and head of alternative investment strategies at Candriam, says: "With systemic risks retreating since Mario Draghi's speech in July 2012 and, as a corollary, the return of fundamentals as the primary market driver, conditions are supportive for conviction-based and alternative investment strategies. Uncertainties remain on
The Chartered Alternative Investment Analyst (CAIA) Association and the Investment Management Consultants Association (IMCA) have launched the Fundamentals of Alternative Investments Certificate Programme.
With alternative investments currently representing USD10trn in assets under management and liquid alternatives projected to triple by 2017, according to Citi Prime Finance, this online course fills a critical knowledge gap and establishes a benchmark for excellence in alternative investment education.
The course is available online to anyone who needs to understand the complexities of alternative investment products.
"The landscape for alternatives has changed dramatically, and it is imperative that the professionals charged with managing,
The Securities and Exchange Commission has filed settled fraud charges against Alexander HG Mascioli and his alter-ego, purported hedge fund, North Street Capital (NSC).
The charges allege that Mascioli and NSC made a fraudulent May 2012 offer to acquire all outstanding shares of Winnebago Industries' (WGO) common stock.
The Commission alleges that on 9 May 2012, Mascioli authored on NSC letterhead, signed, and sent to WGO an offer to acquire all outstanding common stock of WGO for approximately USD321m in cash.
The 9 May letter represented that NSC's offer was not conditioned on any financing, that NSC was
CQS and 100 Women in Hedge Funds (100WHF) are funding a garden created to highlight the work of the national children’s charity WellChild.
The WellChild Garden at Chelsea aims to raise awareness of the important role gardens and outside spaces play in support to seriously ill children and young people.
It is funded by the multi strategy asset management firm CQS and 100 Women in Hedge Funds, a non-profit organisation for professionals in the alternative investments industry.
Michael Hintze, founder of CQS, says: “The dedication and commitment of WellChild’s staff is inspirational. I am delighted that through 100
Traders at UBS tried to rig the Hong Kong Interbank Offered Rate (HIBOR), an investigation has found.
The Hong Kong Monetary Authority (HKMA), which investigated nine banks designated as HIBOR reference banks, found evidence of misconduct in the submission of HIBOR rates by only one bank, and no evidence of collusion between these banks to rig the HIBOR fixing.
In the investigation of UBS, the HKMA found about 100 communication records during 2006 to 2009, in the form of internal chat messages, which contained change requests by several UBS traders to the UBS HIBOR submitter with a view to
The Securities and Exchange Commission (SEC) has charged a former analyst at an affiliate of hedge fund advisory firm SAC Capital Advisors with insider trading.
The SEC alleges that Ronald N Dennis got illegal tips from two friends who were fellow hedge fund analysts. They provided him confidential details about impending announcements at Dell Inc and Foundry Networks.
Armed with inside information, Dennis prompted illegal trades in Dell and Foundry stock and enabled hedge funds managed by SAC Capital and affiliate CR Intrinsic Investors to generate illegal profits and avoid significant losses.
Dennis, who lives in Fort Worth, Texas,
The Simmons & Simmons financial services team in Frankfurt has supported a US alternative investment fund manager (AIFM) with the registration of a Cayman alternative investment fund (AIF).
This is likely to be the first successful registration of a non-EU AIF managed by a non-EU AIFM in Germany with the Federal Financial Supervisory Authority (BaFin).
The registration covered a Cayman master-feeder hedge fund structure which made the registration process more complex compared to a non-feeder fund. The registration, from the time of the application to the approval by BaFin, took a total of three months.
Harald Glander, fund partner
Alternative multi-manager Tages Capital has signed a strategic partnership with Frankfurt-based Gauly | Dittrich | van de Weyer Asset Management.
Under the terms of the agreement, Gauly | Dittrich | van de Weyer Asset Management will distribute Tages’ investment solutions and products in Germany and Austria.
In addition, Gauly | Dittrich | van de Weyer Asset Management and Tages Capital will cooperate on an exclusive basis to launch a multi-asset product outside of Germany and Austria.
Founded in 2011, Tages Capital specialises in providing customised alternative fund of fund investment solutions for institutional clients who currently account for
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