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Dexion Trading Limited’s (DTL) net asset value per share has risen by 3.33 per cent YTD, according to the listed fund of hedge funds’ latest half-yearly report.
Over the last 12 months the company’s discount has improved by 3.33 per cent, while the company’s share price has improved by 13.14 per cent.
“During the six month period to 30 June 2013, the net asset value (NAV) of the company’s shares rose by 3.00 per cent,” says DTL chairman Christopher Spencer. “This increase is significantly better than the benchmark HFRX Macro Index which fell by 1.07 per cent over
Assets on the Sciens Managed Account Platform (MAP) are up 35 per cent year-on-year to end June 2013, with two new trading advisors added to the platform – US-based Revolution Capital Management and Japan’s Stats Investment Management.
Both trading advisors are replicating their existing benchmark strategies in cells recently launched on the Sciens Managed Account Platform. The number of institutional users on the Sciens MAP has also increased by over 200 per cent in the corresponding period.
Revolution Capital Management has launched a cell that replicates its Alpha programme which follows a commodity trading advisor (CTA) strategy that develops quantitative
Sub-investment grade corporate credit specialist Alcentra, part of BNY Mellon, has invested in CorpAcq plc, a South Manchester-based company committed to the acquisition and investment in strong asset backed, profitable and cash generative owner-managed enterprises.
Headquartered in Altrincham and founded in 2006, CorpAcq has grown its business to manage eight portfolio companies representing more than GBP70m in revenues in the year ending December 2012.
The warranted loan investment transaction was underwritten by Alcentra and co-arranged with private-debt fund Prefequity. Graeme Delaney-Smith (pictured) and Frédéric Méreau of the European direct lending and mezzanine investments team will represent Alcentra on
GoldenTree Asset Management, an investment firm that manages alternative and traditional asset strategies for sophisticated institutional and high net-worth investors, has hired Brian Marshall as managing director in the firm’s business development group.
Marshall is based at GoldenTree’s New York City headquarters and reports to Thomas Humphrey, partner and head of business development.
“I have known Brian for more than 15 years and have great respect for his expertise in leveraged finance and structured credit markets,” says Humphrey. “His experience and long track record of success in capital markets and investment banking reflects our continued commitment to grow
The US Commodity Futures Trading Commission (CFTC) has filed and settled charges against Jeannie Veraja-Snelling, d/b/a Veraja-Snelling & Company, a certified public accountant and sole practitioner from Glendale Heights, Illinois, barring her from practicing before the Commission.
The CFTC’s Order charges Veraja-Snelling with failing to audit Peregrine Financial Group in accordance with CFTC Regulation 1.16.
Veraja Snelling was the auditor for Peregrine, a registered Futures Commission Merchant (FCM). On 10 July 2012, the CFTC charged Peregrine and its sole owner and chief executive officer, Russell Wasendorf, Sr with fraud, among other violations, within 24 hours after the discovery
Pension fund alternative assets allocations now account for nearly 20 per cent of all pension fund assets across the globe, according to a study by Towers Watson.
The 2012 Global Alternative Survey notes the number as a five per cent increase from 15 years ago.
The research, which was conducted by Towers Watson, and which included the diverse ranges of figures and asset calculation, showed that pensions fund representing 36 per cent of the top 100 manager assets figured into the “alternative” category.
Also noted is the wealth managers holding 19 per cent, insurance companies holding nine
The inaugural EDHEC-Risk Days North America conference will take place at The Crowne Plaza in New York on 8-9 October 2013.
Debates on the governance and transparency of indices and smart beta investment will be high on the agenda.
On day one of the conference a roundtable involving leading industry representatives and regulators will address the governance and transparency of indices:
• Understanding regulation: the accuracy of track records; the transparency and governance of indices
• What level of transparency and accuracy do investors expect? Presentation of a study carried out by EDHEC-Risk Institute
• What is needed,
Seven Sure Signs – If your system is falling behind, your business will follow, says Advent Software, a provider of portfolio management and accounting systems, straight through processing, trade order management software and research management software.
Technology has empowered the investment management industry to grow exponentially over the last 30 years. But with that growth has come enormous complexity – a proliferation of instruments, 24hour trading, accelerated settlement cycles, worldwide variations in accounting standards, tighter and often confusing regulations, security issues, more competition, and higher expectations among investors. On top of all that, the technology itself keeps changing, with ever
Aquiline Capital Partners has made an investment, through affiliates, in Tourmalet Advisors, an alternative investment manager based in Fairfield, Connecticut.
Tourmalet, led by chief executive officer Michael Corasaniti, was founded in October 2009 and has a track record of managing, investing, structuring and trading distressed residential mortgage assets. The firm’s objective is to generate superior risk adjusted returns through the purchase, servicing and liquidation of distressed whole loans.
“We have known Mike Corasaniti and his team at Tourmalet for a number of years and have been impressed with their expertise and approach to investing in the residential mortgage
Avinash Vazirani, manager of the Jupiter India Fund says Indian politics, a rudderless central bank and US tapering fears are all playing their part in driving down the Indian rupee. India’s long-term economic growth prospects however should, in his view, continue to reward the patient investor…
Tracking the latest slump in the Indian rupee against the world’s major currencies, we have been struck by how reluctant the Reserve Bank of India (RBI) has been to intervene directly in the markets to support the currency. There was a time when the RBI was much less shy about coming forward. At the
