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The Salus Alpha Equity Hedged had a performance of +2.57% for the month to date, outperforming the S&P 500 Index by +3.92%. The 12 month rolling alpha of Salus Alpha Equity Hedged to the S&P500 is 9% p.a., the 12 month rolling beta is currently -0.1. This implies that in the past 12 months, the fund had a return of 9% due to active management (alpha). The Fund outperformed the HFRX Equity Hedge Index by 5.39%.
The Salus Alpha Equity Hedged currently has a 40% exposure to Long Bias, 23% to Market Neutral, 7% to Long Short Variable Bias, and
- 14/06/2011
RBC Dexia’s latest survey, undertaken in conjunction with the global consulting firm KPMG, analyses the key domiciliation and redomiciliation strategies adopted by fund managers within the global hedge fund industry, techniques they selected and factors behind their decisions.
While hedge funds have traditionally been viewed as offshore products, the development of more regulated onshore alternatives in EU centres such as Luxembourg and Ireland has spurred new interest in onshore fund solutions. In turn, a number of managers have redomiciled their existing hedge funds, launched new hedge funds onshore or co-domiciled their fund ranges. The growing popularity and increased investment flexibility
- 13/06/2011
Assets under management on Schroders’ alternative UCITS platform, Schroder GAIA, have reached USD1.03bn, just 18 months since the platform was launched. This highlights investor appetite for a regulated and transparently operated UCITS compliant hedge fund platform that is managed by an investment house and provides access to a range of high quality hedge fund managers and investment strategies.
There are now five funds on the platform, three managed by external hedge fund managers and two managed internally. Schroder GAIA CQS Credit was most recently added to the platform offering investment opportunities in the credit long short space.
Eric Bertrand, Director
- 13/06/2011
- 13/06/2011
Adley H Abdulwahab, 35, of Houston, has been convicted by a federal jury for his role in a USD100 million fraud scheme with more than 800 victims across the United States and Canada.
The conviction was announced by United States Attorney for the Eastern District of Virginia Neil H MacBride and Assistant Attorney General Lanny A Breuer of the Criminal Division.
“Today’s quick verdict found Mr Abdulwahab guilty of a USD100 million fraud and stealing the life savings of elderly retirees and hundreds of others who have seen everything they worked years for disappear,” says MacBride. “This case, involving
- 13/06/2011
Midas Medici Group Holdings’ Czech Republic-based CommodityPoint business has acquired the assets of Energy Hedge Fund Center, LLC (EHFC), a web portal and community for clients interested in hedge funds in the energy and commodity sectors.
The acquisition of EHFC by CommodityPoint was officially consummated on 8 June, 2011. EHFC has been historically quite active with approximately 10,000 unique visitors, a community of 1,400+ members and a newsletter with 1,300+ subscribers. Clients include: hedge funds, investment banks, institutional and private investors, energy companies, educational institutions, government, consultants and the media.
"I am pleased to announce the acquisition of assets belonging
- 13/06/2011
Alternative Investment Group, a fund of hedge funds that invests primarily in long/short equity strategies, has appointed Michael J Tansley as Chief Financial Officer, effective immediately.
Tansley will be based in Alternative Investment Group’s Southport, CT office and will oversee the firm’s accounting, audit, tax, internal controls, information management, and administrative operations.
"Michael has 25 years of experience working in the financial services industry and will provide exceptional vision and additional oversight to our existing financial controls," says David Storrs, Chief Executive Officer of Alternative Investment Group. "We are very pleased to have Michael join our team."
Tansley joined Alternative
- 13/06/2011
Greenwich, Connecticut CTA manager, Millburn Ridgefield Corporation, founded in 1971, has chosen Deutsche Bank’s Platinum platform
- 12/06/2011
Fixed Income and Multi-Strategy were the only UCITS strategies that managed to generate positive returns in what proved to be a tricky month of May.
- 12/06/2011
Geneva-based Pictet Asset Management, the Swiss investment manager with over USD418billion in asset under management and custody, this week launched a UCITS III-comp
- 12/06/2011
Paris-based investment manager, Bernheim Dreyfus, ventured into the Newcits space last week by launching a UCITS III-compliant fund that will focus on mergers and acquisitions.
- 12/06/2011
- 12/06/2011
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