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UCM Partners is changing its name to Semper Capital Management, an identity the investment management firm believes better reflects its strategy, history, and values, effective 1 June 2013.
“Semper means ‘always’," says chief executive Gregory Parsons (pictured). "The new name perfectly expresses the qualities of longevity, continuous vigilance, leadership, and service that define our culture and the mindset we bring to stewarding capital."
Under the leadership of Parsons, the Manhattan-based firm has significantly sharpened its focus to offering investments designed to generate attractive risk-adjusted total returns with an emphasis on capital preservation and risk management.
"We are
The European Securities and Markets Authority (ESMA) has approved co-operation arrangements between EU securities regulators, with responsibility for the supervision of alternative investment funds (AIFs), including hedge funds, private equity and real estate funds, and 34 of their global counterparts.
ESMA has negotiated the agreements on behalf of all 27 EU member state securities regulators as well as the authorities from Croatia, Iceland, Liechtenstein and Norway.
These co-operation arrangements are a key element in allowing EU securities regulators to supervise efficiently the way non-EU alternative investment fund managers (AIFMs) comply with the rules of the Alternative Investment Fund
The fund of hedge fund business is strong and is regaining momentum and America is leading the way, says Dixon Boardman, founder of Optima Fund Management.
Boardman (pictured) cites figures from Hedge Fund Intelligence noting that in 2012 North American firms saw assets grow by an average of some 3.47 per cent while non-US firms had continued to register significant outflows.
Optima, founded in 1988, is celebrating its 25th anniversary with assets under management breaking through USD4bn. He emphasises, however, that the profile of today’s investors in FoHFs has altered significantly over the years.
“The most obvious
DealVector has launched the first secure electronic communication network to allow fixed income and illiquid asset market players to know “who’s in their deal,” improving the efficiency of these markets by facilitating communication.
The DealVector platform fills a major gap in the current DTC/Street Name system by offering market participants the ability to directly message the beneficial owners of financial assets on a mutual opt-in basis. In doing so, DealVector allows issuers, investors, advisors, collateral managers and others to come together to address governance and restructuring issues, improve market surveillance, source illiquid assets and more.
Market participants
Financial data management specialist RIMES has enhanced its managed data services to offer buy-side firms an immediate solution to the ongoing challenges of managing a growing volume of reference and security master data.
Reference and security master data form the foundations of a successful investment management business. But designing, building and maintaining a global repository of accurate and reliable data is costly and time consuming.
RIMES Reference Data Service offers a cost-effective alternative to an in-house operation and aligns costs with business needs. Clients are freed from the burden of managing a growing volume of reference data and
DMS Bank & Trust (DBT) has expanded its online banking capabilities, giving hedge funds, institutions, family offices and other banking customers a faster and more convenient way to manage their banking accounts.
Through a strategic relationship with one of its AA rated financial service counterparties, DBT now offers real-time foreign currency capabilities via the bank’s online portal. All foreign exchange transactions initiated online up to 4:00 PM EST, subject to currency and amount, will be processed the same day.
DBT offers all major currencies, providing a seamless way for banking clients to manage their bank accounts and transactions whether
Carne Group has made two senior appointments to its Irish governance team as part of a project to meet the demand for risk management skills from its clients.
Experienced investment professionals Albert Prendiville and Gerry Grimes are joining Carne to deliver risk management capabilities to its client base of global fund managers. Both have extensive track records within investment and risk management.
Prendiville joins Carne from Commerzbank Europe, where he was head of treasury in Ireland. Prior to this he was a senior manager with responsibility for a trading desk at KBC in Ireland. In a career of
Shogo Maeda, Head of Japanese Equities, comments on whether a weaker yen is leading to profits for Japanese companies…
Most Japanese companies have now announced results for the fiscal year 2012. The evidence is now clear that the much-publicised policy of Prime Minister Shinzo Abe, dubbed ‘Abenomics’, has reaped rewards for not only share prices but for bottom lines too.
The stockmarket has been booming, despite a recent short-term correction, with the TOPIX up nearly 40% year-to-date. Meanwhile, a weakening yen has given previous anaemic GDP numbers a much-needed boost. Economic data released last week showed that Japan’s economy grew
BI-SAM, a provider of data management, performance, attribution, risk, composites and reporting solutions for the asset management industry, is expanding operations in Asia Pacific.
BI-SAM’s B-One platform establishes a recognised source of master data for producing time series performance returns and reports, delivers a comprehensive level of performance measurement and attribution analysis in terms of quality of output, content and timeliness, while offering customers maximum scalability.
“To support our growing business in the region, we are expanding our team in Hong Kong, and Sydney, and opening a new office in Singapore,” says Alexandre Harkous, chief executive officer of BI-SAM.
A recent 2013 survey of US wealth managers by adviser TSR reveals that underlying hedge fund investors do not want to be left behind in a flourishing market, and as such are willing to take on slightly more risk for increased performance.
TSR returned clients +23 per cent in 2012 and +80 per cent the last five years. According to TSR, fund chief investment officers are using the firm’s expertise and in-depth research on the c100+ special situations and corporate spinoffs they uniquely source.
“We’ve generated average returns of +44 per cent over the last five years from
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