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Asia’s second largest hedge fund manager, Tokyo-based SPARX Group, plans to raise up to USD100million over the next year for a real estate fund that will invest in companies building t
- 23/06/2011
Despite market volatility and aggressive selling of China equities in May, which saw Shanghai’s CSI 300 Index fall 6.5 per cent, Asia ex-Japan hedge funds actually did well in attracti
- 23/06/2011
- 23/06/2011
The Hong Kong SFC has lost round one in the legal challenge to ban New York-based hedge fund, Tiger Asia Management LLC, from trading in the ci
- 23/06/2011
- 23/06/2011
Quintillion has been chosen to provide administration services to the Da Vinci CIS Opportunities Fund. The Cayman based hedge fund, which is managed by Guernsey domiciled Da Vinci Capital Management Ltd, invests in listed securities focusing on Russia and the CIS region.
Quintillion will provide the fund with a complete range of administration services, including NAV calculation, investor servicing, anti-money laundering checks and financial reporting.
Eoghan McAteer, Senior Manager at Quintillion. says: “We are extremely happy to welcome Da Vinci CIS Opportunities Fund on board and look forward to continuing to work with its award winning team."
Mikhail Evdokimov,
- 23/06/2011
Andrew Shrimpton, member at Kinetic Partners, on the extension of the deadline for SEC registration for Foreign Private Investors…
The SEC have now confirmed the extension of the deadline for registration for hedge funds to 30 March 2012, following the Dodd Frank Wall Street Reform Act which was passed in July last year.
The extension hugely relieves the pressure on fund managers, as it provides them with much needed time to implement additional systems to ensure timely compliance with the provisions of the Act. However, there is still a lot of work for fund managers to do in order to meet
- 23/06/2011
Man Group plc has successfully launched the Man GLG Multi-Strategy fund – the first combined UCITS fund to result from Man’s acquisition of GLG Partners, Inc. in 2010, which created the world’s largest independent alternative asset manager.
The open-ended fund, which offers daily dealing, has raised more than EUR100m in commitments. It is designed to give both retail and institutional investors access to a complimentary portfolio of 10 to 15 Man-run UCITS funds, including industry-leading GLG and AHL strategies, as well as Man’s Man Systematic Strategies (MSS), Man Convertibles and Ore Hill strategies.
A dedicated investment team, led by
- 23/06/2011
The Securities and Exchange Commission has adopted rules that require advisers to hedge funds and other private funds to register with the SEC, establish new exemptions from SEC registration and reporting requirements for certain advisers, and reallocate regulatory responsibility for advisers between the SEC and states.
The rules adopted by the Commission implement core provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act regarding investment advisers, including those that advise hedge funds.
“These rules will fill a key gap in the regulatory landscape,” says SEC Chairman Mary L Schapiro (pictured). “In particular, our proposal will give the Commission,
- 23/06/2011
The Conifer Group, LLC (Conifer), a provider of fund administration, middle office, trading and prime brokerage services to the hedge fund industry, has named Peter O’Connell (pictured) as its Chief Financial Officer. Prior to accepting this position, O’Connell was the President and founder of Conifer Fund Services offshore fund administration business.
In addition, Conifer has also named Douglas Lang as President of Conifer Fund Services and David Bateman as Director and Head of Conifer Fund Services, BVI.
This executive reorganisation comes as Conifer embarks on a period of expansion designed to further meet the evolving needs of the hedge
- 23/06/2011
- 23/06/2011
The principal sectors of Jersey’s finance industry showed strong growth in the first three months of 2011, with rises in new fund launches and the value of funds under administration providing particularly positive news for Jersey’s funds sector.
Geoff Cook, Chief Executive of Jersey Finance Limited, was encouraged by the strong performance for the first quarter of 2011, highlighting that the value of funds being administered in Jersey is now at its highest since June 2009 and that the total number of funds has increased by the largest amount for the first quarter of any year since 2008.
Furthermore, bank
- 23/06/2011
Kevin Huby has been appointed a Member at Kinetic Partners to focus on building the firm’s risk management and remediation services. This new appointment will complement and significantly strengthen Kinetic Partners’ highly regarded regulation and compliance service offering.
Huby joins Kinetic Partners from Ernst & Young, where he established and led a team focusing on the investigation and resolution of accounting, operational and regulatory control failure.
During his time at Ernst & Young, Huby was recognised as the firm’s leading specialist in asset servicing and investment administration and led a number of major projects for many of the world’s
- 22/06/2011
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