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Options IT, provider of the Options PIPE Private Financial Cloud services platform for the exchange, banking, trading and investment communities, has reported a strong surge in demand in 2011 among hedge fund managers for its PIPE Core financial office delivery and support service.
Options IT signed 16 PIPE Core hedge fund clients across North America, Europe and Asia, representing nearly 350 new end users of the service in 2011. The solid growth in demand indicates a sustained recovery in the alternative investment management space globally and a continued adoption of on-Demand technology infrastructure services like Options IT’s Private Financial Cloud
- 25/01/2012
eVestment Alliance is to act as Callan Associate’s data collection platform for hedge fund of funds and other alternatives strategies.
eVestment’s database serves as a central clearing house for institutional subscribers, while providing for a more efficient distribution platform for hedge funds that market to institutional investors and consultants.
Jim McKee, Senior Vice President of Hedge Fund Research at Callan, says: "We believe eVestment is the most capable and flexible survey data gatherer and provider in the hedge fund community. Consequently, we are excited to work with eVestment specifically for our hedge fund data needs, as it will enable our
- 25/01/2012
Long/short equity is the most popular strategy pursued by Alternative UCITS (Undertakings for Collective Investment in Transferable Securities) funds, and overall, funds invested in emerging markets have posted the best performance from January 2002 through October 2011, according to PerTrac.
A new 30-page report titled, “The Coming of Age of Alternative UCITS Funds,” also indicates that smaller funds outperform larger ones based on a comparison of equal-weighted and asset-weighted cumulative return of PerTrac’s Alternative UCITS Fund Index.
The PerTrac report is the most comprehensive study of Alternative UCITS funds conducted to date. Alternative UCITS funds are pan-European investment vehicles
- 25/01/2012
Laurent Vanderweyen (pictured)has joined Alter Domus – an independent provider of professional administration services for multinational corporations and alternative investment funds – as CEO of its Luxembourg office and Global Head of Fund Services.
“I am confident that Laurent is the right person to lead and drive the development of Alter Domus’ Luxembourg office, our firm’s headquarters, and foster our current international Fund Services offering” says Dominique Robyns, President and Chairman of Alter Domus, who is now devoting greater attention to the firm’s international expansion efforts. Since 2007 Alter Domus has established 14 new offices and desks worldwide and has
- 24/01/2012
- 24/01/2012
The Commodity Futures Trading Commission (CFTC) has filed and simultaneously settled charges against Timothy Michael Murphy of Redding, Connecticut, and his New York-based company, Centurion Global Capital Management LLC (CGCM), for fraudulently soliciting at least 40 customers to participate in a commodity pool.
The CFTC’s order requires Murphy and CGCM jointly and severally to pay both a USD140,000 civil monetary penalty and restitution of USD220,000. The order also permanently prohibits CGCM and prohibits Murphy for a five-year period from trading on a CFTC-registered entity and from registering or seeking exemption from CFTC registration.
The order finds that between about May
- 24/01/2012
Alcentra Limited, one of Europe’s largest and longest established credit managers, which is majority owned by BNY Mellon (95 per cent stock holding), is launching a new leveraged loan and high yield bond fund.
Alcentra European Floating Rate Income Fund Limited, which was announced at a London press conference last week, is a Guernsey closed ended investment company listed on the London Stock Exchange. It has a target annual return objective of 7 per cent to 10 per cent and will pay out a quarterly dividend initially targeted at 5.5 per cent per annum.
Three of Alcentra’s senior executives hosted
- 24/01/2012
Sentry Investments, a Toronto-based investment management firm, has deployed Eagle Investment System’s hosted suite of solutions for data management, investment accounting, performance measurement and attribution, as well as the Eagle Analytics platform incorporating FINCAD Analytics.
One of the fastest-growing asset managers in Canada, Sentry chose the full Eagle suite to replace its existing investment accounting and portfolio management systems.
"Eagle’s proven integrated suite of portfolio management and accounting solutions will improve our workflow and advance our operations. By working with Eagle, Sentry gains an end-to-end solution that enables significant efficiencies," says Sandy McIntyre, president and chief executive officer, Sentry Investments.
- 24/01/2012
BNP Paribas Securities Services (BNP Paribas) is rolling out a major investment programme to expand its hedge fund and fund of hedge fund administration services, for both UCITs and offshore funds. 


Placing transparency, market exposure, liquidity and control at the heart of its hedge fund administration platform, the custodian bank’s programme tailors its service to more closely match the key requirements of both start-up and established funds. 


Building on existing fund accounting, performance and risk monitoring capabilities, BNP Paribas’ investment programme now enables it to support hedge fund managers using all current strategies, including those employing high volume trading.


The
- 24/01/2012
International law firm Freshfields Bruckhaus Deringer has launched a new global financial investors group to deliver a fully integrated offering to global financial investors, including Private Equity, Infrastructure Funds, Sovereign Wealth Funds (SWF) and Alternative Capital Providers (ACPs).
Led by corporate partners Ludwig Leyendecker (pictured) and David Higgins, the new group will bring together multidisciplinary teams that are at the cutting edge of complex multijurisdictional financial investor transactions, and support clients around the world by delivering a full service practice with deep finance, M&A and anti-trust capabilities.
‘Freshfields is consistently regarded as the firm of choice for complex cross
- 24/01/2012
Diamondback Capital Management LLC has agreed to pay more than USD9 million to settle insider-trading charges brought by the SEC on 18 January. The proposed settlement is subject to the approval of Judge Paul G Gardephe of the US District Court for the Southern District of New York.
As part of the proposed settlement, the Stamford, Connecticut-based hedge fund adviser also has submitted a statement of facts to the SEC and federal prosecutors, and entered into a non-prosecution agreement with the US Attorney’s Office for the Southern District of New York.
Under the proposed settlement, Diamondback will give up more
- 23/01/2012
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