Latest News
GlobeOp Financial Services (LSE:GO.) has added a fourth office to its Mumbai network, increasing capacity to meet growing client service demand and to enhance business continuity planning.
A new 46,700 sq. ft. (4,339 sq. meter) hedge fund administration and data centre facility is now operational in Airoli, part of Navi Mumbai on the eastern side of the city. It is located in the same Airoli business complex as GlobeOp’s third Mumbai office, opened in 2009. The new 650-seat facility increases GlobeOp’s total Mumbai office space from 100,750 sq. ft. (9359 sq. meters) to 147,450 sq. ft. (13,697 sq. meters).
- 31/01/2012
- 31/01/2012
The Singapore Exchange (SGX) has obtained approval for US investors to directly trade its FTSE China A50 and MSCI Asia APEX 50 futures contracts from within the United States.
On 27 January 2012, the Commodity Futures Trading Commission (CFTC) certified that these contracts, which are based on the FTSE China A50 and MSCI Asia APEX 50 equity indices, may be offered and sold to individuals in the US.
The SGX-listed FTSE China A50 futures contract is the only offshore contract providing international investors with easy exposure to China’s domestic A-share market. A total 3.1 million FTSE China A50 futures contracts
- 31/01/2012
Laven Partners, the global consultancy to the alternative industry, and GFIA’s funds research practice have joined up their resources and processes in Asia to provide a fully comprehensive operational due diligence and compliance service based in Singapore. This union is the result of increased demand from Asia for global-standard consultancy services, and from the developed markets for a greater expertise in Asian funds. 


Laven Partners is a global consulting firm focused on the alternative investment industry, specialising in regulatory compliance, fund formations and operational due diligence. Laven Partners is also one of the world’s largest alternative investment industry dedicated operational
- 30/01/2012
Gottex Fund Management Holdings Limited (Gottex) has reported strong fund performance during the final three months of 2011. The company’s flagship market neutral strategies are two to three per cent ahead of their benchmarks, while Gottex’s alternative credit strategy and Constellar multistrategies returned respectively +3.8% and +3.4% for the year.
Total fee earning assets for the group stood at USD 7.34 billion as as 31 December 2011, a decrease of 10% compared to USD 8.16 billion at 30 September 2011, as a result of net client outflows and impact from foreign exchange and technical factors.
Gottex expects its 2011 Annual
- 30/01/2012
As highlighted by the David Einhorn/Greenlight Capital Inc FSA Decision Notices published recently wall-crossings are again in the regulatory spotlight. It might prudently be assumed that the regulator’s focus on this aspect of market activity will only continue to intensify, says David Berman (pictured), partner, Macfarlanes…
David Einhorn was the President and sole portfolio manager of Greenlight Capital Inc (Greenlight), a US-based hedge fund. Several of Greenlight’s funds held stakes in Punch.
On 15 June 2009, Punch announced a transaction to issue new equity in order to raise GBP375m (the “Transaction”). Prior to this announcement, Punch’s broker, X, contacted and
- 30/01/2012
Offshore law firm, Mourant Ozannes, has opened an office in Hong Kong to provide clients and intermediaries with access to the firm’s offshore legal services in an Asian time zone.
The office opening has been timed to coincide with celebrations for Chinese New Year, giving Mourant Ozannes’ Asian office an auspicious start date in 2012 – the Year of the Dragon.
The office has opened with three partners and will focus initially on investment funds, corporate and finance work for which the firm has an international reputation.
Paul Christopher (pictured), who specialises in corporate, investment funds and finance work, has
- 30/01/2012
- 30/01/2012
SEI has been selected by Monsoon Capital, a US-based alternative asset manager focusing on emerging markets, to provide full fund administration and trustee and custodial services for the firm’s UCITS IV fund.
Given Monsoon’s systematic and quantitative trading approach, SEI’s technology, which delivers a straight-through, automated process for trade reconciliation, was a key factor in the manager’s decision to select SEI. Monsoon will also receive comprehensive data management, performance, and risk reporting via SEI’s Manager Dashboard. The online tool provides Monsoon with the flexibility to tailor reporting to better support the firm’s unique business decision-making process.
SEI’s comprehensive outsourcing solution
- 30/01/2012
Sturgeon Ventures LLP, the regulatory incubator, has established three of its fund manager clients in Malta, a jurisdiction it sees as set to attract an increasing number of start-up financial firms.
Low cost, efficient regulation and access to the European Union are the three key attributes that are putting Malta increasingly on the wish-list of financial firms looking for a regulatory jurisdiction, says Seonaid Mackenzie, Managing Partner at Sturgeon Ventures.
The three clients that Sturgeon has guided to Malta include hedge fund Tertius European Absolute Return, which returned 5.42% in Q4 2011, putting it in the 93rd percentile of
- 30/01/2012
Jersey has extended its funds regime through the introduction of the Private Placement Fund to widen the choice available to investors.
Private Placement Funds are closed ended funds available to a limited number of sophisticated institutional or professional investors. Similar in scope to the existing COBO (Control of Borrowing Order) private funds, the new fund offering is designed for ‘fast track’ approval, usually within three business days.
Private Placement Funds will sit within the COBO framework and will complement the existing Expert Fund regime which also provides a streamlined approval process and has helped position Jersey as a leading European
- 30/01/2012
UK-based Javelin Capital, an emerging markets equity hedge fund backed by Majedie Investments, has launched a UCITS-compliant version of its fund on the SICAV platform established by G
- 29/01/2012
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