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Kinetic Partners is now offering a global background checking service to complement its investor led fund, fund manager and service provider operational due diligence (ODD) services.
Individuals applicable for background investigation may include a fund manager’s chief executive officer, portfolio manager/chief investment officer, chief operating officer, chief financial officer or independent fund directors.
The scope of background checks will include criminal, education, employment, credit and civil checks amongst other areas and the scope will vary according to location of that individual and the firm.
Quentin Thom, director, Kinetic Partners, says: “As our global due diligence offering continues
Glynn Barwick (pictured), regulatory lawyer and counsel for Goodwin Procter LLP’s Financial Services Practice in London, comments on the ESMA’s final guidelines for AIFM reporting requirements…
On 1 October 2013 ESMA published a press release titled "ESMA clarifies reporting requirements for Alternative Fund Managers " to accompany its final guidelines report on the reporting obligations for AIFMs under the AIFM Directive. In fact, in one critical area the final guidelines are far from clear. This is the section which relates to the transitional period.
ESMA had previously suggested that managers exempt during the transitional period should still be required to report
Alternative UCITS funds made advances of 0.65 per cent in September to leave them exactly +2 per cent on a year-to-date basis, according to Alix Capital’s UCITS Alternative Index Global.
The best performing strategy was equity long/short, gaining +1.61 per cent last month to leave it +6.96 per cent YTD; way ahead of the next best performing strategy – event driven – which recorded further gains of +0.93 per cent to leave it +2.79 per cent YTD. The UAI Emerging Markets Index also did well in September, up +1.19 per cent. Four strategies found the markets to be challenging however.
Trading volume in CBOE’s SPXpm – S&P 500 Index options that are PM-settled – established an all-time daily volume record this week as 54,611 contracts changed hands.
Wednesday’s record surpassed the previous daily volume record of 39,472 SPXpm contracts traded on 21 June 2013.
In February, SPXpm options trading moved from C2 Options Exchange’s (C2) all-electronic environment to CBOE’s hybrid model to expose SPXpm to a broader base of users, including the SPX trading crowd on CBOE’s trading floor. The migration of SPXpm unified all of CBOE’s S&P 500 products on a single exchange.
CBOE’s S&P 500
ConvergEx Group, a provider of global brokerage and trading-related services, has appointed Oliver Bailly as a senior vice president and head of its ETF desk.
Miguel Ruiz has joined the firm as a senior vice president on its global portfolio desk.
Based in New York, Bailly and Ruiz will report to James Bossert and Sean Wagner, co-heads of ConvergEx’s global portfolio and ETF execution business.
"Oliver and Miguel are highly respected professionals and bring a wealth of ETF and portfolio expertise to ConvergEx Group," says Craig Lax (pictured), ConvergEx Group executive managing director and head of global
Global Prime Partners is to offer Liquid Group’s Liquid platform to its portfolio of existing European clients as well as all new prime brokerage clients, becoming the exclusive prime brokerage partner of Liquid in Europe.
Global Prime Partners has also selected the Liquid platform to monitor its firm-wide risk exposure to its prime brokerage clients, including hedge funds and other asset managers.
Global Prime Partners will gain access to the Liquid platform’s set of real-time front-office and data management services powered by Liquid’s private cloud, providing clients with technology to help decide what to trade, place the trade,
Hedge funds posted gains in September with the HFRX Global Hedge Fund Index up 0.96 per cent and the HFRX Market Directional Index up 2.23 per cent.
The HFRX Event Driven Index posted a gain of 2.10 per cent for September, led by gains in special situations and activist exposures. The index leads all strategy indices with a YTD gain of 10.87 per cent.
The HFRX Special Situations Index gained 2.96 per cent for the month, the strongest gain since January and leading all sub-strategy indices with a YTD gain of 4.2 per cent. The index had specific
Northern Trust has appointed Bruce Tang to the Northern Trust Alternatives Group hedge fund of funds team as a research analyst and vice president.
Tang joins 26 investment professionals on the Northern Trust Alternatives Group fund of funds team. The group develops and manages alternative investment products, including hedge and private equity funds of funds, for institutional and personal clients. The group’s hedge fund of funds products give investors exposure to multiple strategies and seek competitive returns while containing overall portfolio risk. The Northern Trust Alternatives Group has USD3.6bn in assets under management.
“Northern Trust continues to see
All seven of IndexIQ’s proprietary family of hedge fund replication and alternative beta indexes recorded positive returns in September.
The IQ Hedge Event-Driven Beta Index led the way with a return of 3.04 per cent, followed by IQ Hedge Emerging Markets Beta Index (2.40 per cent), IQ Hedge Market Neutral Beta Index (2.29 per cent) and IQ Hedge Long/Short Beta Index (2.26 per cent).
IQ Hedge Global Macro Beta Index had the smallest return at 0.24 per cent, while IQ Hedge Fixed Income Arbitrage Beta Index and IQ Hedge Composite Beta Index IQHGCOB returned 1.71 per cent and
UBS O’Connor is preparing to open its first Asia-focused hedge fund to external investors later this year reported Bloomberg News, according to two people with knowledge of the matter. The fund commenced trading in August with internal money and is now preparing to open itself to external investors. The fund is managed by John Bradshaw in Singapore and David Perrett in New York.
O’Connor is the strategic single manager hedge fund business within UBS’s Alternative & Quantitative division. It is dedicated to absolute return investment management and currently manages in excess of USD5.7billion across global long/short equities, credit long/short, merger
