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The Chartered Alternative Investment Analyst Association (CAIA) is to certify Fordham University’s Gabelli School of Business secondary concentration in its alternative investing designation.
Gabelli School of Business students taking the secondary concentration in alternative investing and their professors will now be able to prepare and sit for the CAIA exam part one, as a first step toward their completion of a CAIA certification in the specialised field of alternative investments.
The agreement was signed by Donna Rapaccioli, dean of the Gabelli School of Business and the Business Faculty, and Keith Black, director of curriculum at CAIA.
“This partnership
As the gold price rose amid safe haven buying from the tension in Ukraine, GoldMoney customers waited out the rush with the bulk of precious metal purchases occurring after the main market moves, says Roland Khounlivong, Head of Dealing at the online precious metals trader…
Our customers have been paying attention to prices and timing their purchases, with big orders coming in after Russia withdrew the imminent military threat from Ukraine.
That’s not to say the tensions didn’t have an impact. Buy orders, particularly for gold are up. Our Brink’s vault in Toronto, Canada and Malca-Amit in Singapore were the main
February proved to be a more positive month performance-wise for alternative UCITS funds with the UCITS Alternative Index Global returning 1.06 per cent. All strategies, bar two, posted positive returns.
As was the case in January, the best performing strategy was long/short equity, gaining 2.14 per cent to leave it up 2.05 per cent YTD. Also doing well in February were CTA, event-driven and emerging markets strategies, gaining 1.27 per cent, 0.95 per cent and 0.95 per cent respectively. FX and volatility strategies registered minor losses of 0.28 per cent and 0.08 per cent. Behind long/short equity, the next best
The Lyxor Hedge Fund Index was up 1.9 per cent in February, bringing year to date performance to +1.45 per cent, with 11 out of 12 strategy indices in positive territory.
The Lyxor Special Situations Index (+3.48 per cent), the Lyxor CTA Long Term Index (+3.4 per cent) and the Lyxor L/S Equity Long Bias Index (+2.7 per cent) led the way.
Gains across equity markets reversed the weak start of the year, driven by better investor sentiment and lower risk premiums. The consensus eventually ignored most of the US data noise, likely impacted by extreme weather. The end
KNEIP has launched an expanded service offering to help asset managers meet the increased demands posed by regulation in Europe.
Over the course of 2013, KNEIP added new business lines including AIFMD transparency reporting and regulatory filing.
Quarter four 2013 was the firm’s best quarter ever. KNEIP signed 73 agreements in Q4 2013 with investment managers collectively representing USD9trn in assets under management. This is around 14 per cent of current worldwide investable assets.
Bob Kneip, chief executive officer at KNEIP, says: “The asset management industry is set for fast growth over the next decade, with global investable
Half (51 per cent) of institutional investors are now actively seeking out investments through proactively contacting fund managers, with 5,600 investment professionals using Preqin’s platform to source potential investments.
Since the launch of Preqin’s fund marketing platform in November 2013, which provides overview information on all 2,100 funds in market, 200 funds targeting a total of USD50bn have signed up to directly engage approaches from accredited investors on the Investor Network, accounting for almost 10 per cent of funds being raised.
More funds are using the platform to help with fundraising with each passing week.
Traditional methods of
The majority of hedge fund investors and operational due diligence analysts (73 per cent) feel directors do not serve a useful function, according to a survey by Corgentum Consulting.
An even a larger percentage (76 per cent) feel that directors do not provide true independent oversight of funds.
"Offshore jurisdictions and fund directors have an ongoing public relations problem when it comes to investors. Competent fund directors can actually add value to the overall governance of a hedge fund. Many investors simply view these directors as an extension of the fund itself. Compounding the problems 62 per cent of
Asian hedge fund specialists GFIA said Asian fund managers ended January with low net exposures, with selective net short exposures in countries such as Thailand, Indonesia and Malaysia.
GFIA founder Peter Douglas said, "MPA Asia ended its sixth straight positive month with a remarkable 1.32 per cent, with most of its returns derived from its short exposure in China and ASEAN. Dalton Asia (4.8 per cent) also benefited from its short positions in Japan and Australia, which took up -32 per cent and -11 per cent of the fund’s short exposure respectively. Despite a higher than normal long-short ratio, Ashoka’s (0.5 per
Advent Software’s Geneva portfolio management and fund accounting product was named Best Fund Accounting and Reporting System 2014 by the readers of Hedgeweek.
The fifth edition of the Hedgeweek Awards, presented in London on 3 February 2014, brought together the leading names in the global hedge fund industry to celebrate the achievements of the best performing managers and service providers in 2013.
The awards were determined by the votes of Hedgeweek’s 41,000 subscribers, who include institutional investors, wealth managers, fund managers, and other industry professionals at firms including fund administrators, prime brokers, custodians, law firms, custodians, and advisors.
Guernsey’s financial services regulator approved 30 new investment funds during the fourth quarter of last year, which means that there were a total of 103 additions during 2013.
Figures from the Guernsey Financial Services Commission (GFSC) show that 16 new funds were approved during the first quarter of last year, 24 during the second, 33 during the third and 30 in the final quarter of 2013.
However, the net asset value of funds under management and administration fell by GBP1bn (0.3 per cent) during the fourth quarter to GBP266bn at the end of December, representing a decline of GBP10.8bn
