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The Chartered Alternative Investment Analyst (CAIA) Association, sponsor of the only globally recognised designation for alternative investment expertise, has entered an academic partnership with Cass Business School, which is part of City University London to prepare graduate students for careers encompassing alternative investments.
Through the partnership, Cass MSc in Investment Management students will have access to courses that cover 60 percent of the material required to earn the CAIA designation. In addition, students and faculty will have the opportunity to apply for CAIA exam scholarships.
"Cass Business School’s partnership with the CAIA Association is a great advantage to our students
- 06/07/2011
Hedge fund managers have turned bearish on US equities, according to TrimTabs Investment Research and BarclayHedge. About 38% of the 87 hedge fund managers the firms surveyed are bearish on the S&P 500, up from 29% in May and the highest share since February. Only 27% of managers are bullish, down from 30% in May.
“Downbeat views on domestic stocks characterised the first half of 2011,” says Sol Waksman (pictured), founder and President of BarclayHedge. “Hedge fund managers were net bearish on the S&P 500 in four of the first six months of the year. The grim mood coincides with weak performance. The
- 06/07/2011
Texas International Energy Partners Inc (TxIEP), a wholly owned subsidiary of Ecofin Energy Resources Plc (EER), has successfully secured its first commercial debt facility.
BNP Paribas, as sole lead arranger and bookrunner of the transaction, has agreed to provide a USD100 million credit line to TxIEP, which was formed through EER last year to acquire and develop shale gas properties in the US. Under the terms of the facility, TxIEP has the option to immediately draw down USD20 million of the loan, which will be used to bring more wells into production and finance future complimentary bolt-on acquisitions.
- 06/07/2011
Bank of America Merrill Lynch has made four further senior appointments to its EMEA Global Markets Financing & Futures business in support of the continued build out of the company’s Global Prime Brokerage and other hedge fund-related businesses.
Daniel Katz has been appointed managing director and head of EMEA Stock Loan and Structured Marketing and Ross McDougall has been appointed as a director and head of EMEA Stock Loan Trading. Both Katz and McDougall will report into Rajeev Patel, head of EMEA Equity Finance.
Katz joins the company from Nomura where he was managing director and head of EMEA Structured
- 06/07/2011
Ratinf agency Standard & Poor’s has awarded a "AA" rating to SEB’s True Market Neutral fund – the first Nordic fund of hedge funds to receive such a strong rating.
"This is a stamp of approval for the fund, which has delivered stable returns for our customers regardless of the development in the stock market," says Mikael Spångberg (pictured), head of the team at SEB that manages the fund.
S&P states in its ratings report that SEB "deserves credit for its highly disciplined application of the process as evidenced by achieving the fund objective throughout, and during periods in which
- 06/07/2011
The Credit Suisse LAB Liquid Indices posted negative performance in June according to Dr Jordan Drachman (pictured), Head of Research for Alternative Beta Strategies at Credit Suisse.
"The Credit Suisse Liquid Alternative Beta Index ("CSLAB"), which aims to reflect the performance of the overall hedge fund industry, generated negative performance in June, finishing down 0.58% for the month," says Drachman. "Of the five LAB Liquid Indices, Event Driven saw the most significant decline, finishing down 1.43% as equity markets continued to fall amid uncertainty regarding Greek Debt." Drachman continued, "June also marked the three year anniversary of our Long/Short Liquid
- 06/07/2011
- 06/07/2011
Allonhill, an independent third-party review firm specialising in mortgage due diligence and credit risk management, has appointed Jennifer LeSueur as managing director of due diligence.
LeSueur, a 25-year mortgage industry veteran, is responsible for overseeing Allonhill’s private-sector due diligence operations.
“Jennifer will be a key factor in prepping Allonhill’s due diligence operations for growth as securitizations reemerge,” says Sue Allon, Allonhill CEO and founder. “Her extensive industry experience coupled with her proven ability to improve operational processes will be critical to our success.”
LeSueur brings more than 25 years of experience in the mortgage banking industry. Most recently,
- 06/07/2011
Securities and derivatives trading on the Singapore Exchange was up year-on-year in June with total turnover rising 8% to $28.1 billion. Securities daily average value was $1.3 billion.
Exchange traded fund turnover increased 68% from a year earlier to $795 million, while derivatives total volume increased 17% year on year to 6.1 million contracts, with a daily average volume of 281,252 contracts.
China A50 futures trading rose 21% from May to 223,079 contracts while MSCI Taiwan futures volume was 25% up from a year earlier at 1.6 million contracts. Nifty futures volume was 48% higher from a year earlier at
- 06/07/2011
Quality Capital Management (QCM), the UK-based systematic macro hedge fund manager, has established an office in Tokyo, headed by Osamu Nishimura, Head of Business Development for Japan. The official opening of QCM’s office in Japan enables the firm to further develop its investor base in Japan and the wider Asia Pacific region.
Osamu Nishimura is responsible for QCM’s investor relations and business development operations in Japan. Nishimura has 19 years experience in the finance industry and was formerly with Itochu Corporation for 12 years. His experience spans senior positions within financial derivatives trading, hedge fund investments, funds marketing and distribution.
- 06/07/2011
Khan Investment Management is to launch the Khan Mongolia Equity Fund in August to capitalise on the growth opportunities in Mongolia and provide investors with both diversified and liquid exposure to one of the world’s most resource rich and fastest growing economies.
"Mongolia is forecast to have the fastest growing economy in the world over the next decade. Growth will be primarily driven by the development of the nation’s mining sector, which includes some of the world’s largest coal, copper, gold and uranium deposits," says Travis Hamilton, Managing Director of Khan.
Prior to founding Khan, Hamilton was a Director
- 05/07/2011
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