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JP Morgan has been selected by investment management firm Palmer Square Capital Management, a manager of hedge fund-of-funds partnerships and customised alternative investments, to provide Prime Custody Solutions for the recently launched Palmer Square Absolute Return Fund, the firm’s first open-ended mutual fund.
According to Palmer Square, the fund seeks capital appreciation with an emphasis on absolute (positive) returns and low correlation to the broader equity and bond markets. It utilises a concentrated group of seven institutional managers who operate a broad range of hedge fund-type strategies, including global macro, long/short and event-driven credit, long/short international and domestic equity, and convertible
- 07/06/2011
Assets under management of European L/S Equity related hedge funds on the Lyxor managed account platform may be down 15% since January 2010, but according to Lyxor’s Stefan Keller (pictured) – head of managed account platfrom research and external relations – there is a case for looking at Europe again…
Assets under management of European L/S Equity related hedge funds on the Lyxor managed account platform may be down 15% since January 2010, but according to Lyxor’s Stefan Keller (pictured) – head of managed account platfrom research and external relations – there is a case for looking at Europe again…
- 07/06/2011
- 07/06/2011
Agecroft Partners is seeing widespread demand from institutional investors for Commodity Trading Advisors (CTAs), which is a dramatic change from the historical reluctance of many institutional investors and their consultants to allocate to this strategy. Over the past 10 years, the number of pension funds allocating to hedge funds has steadily increased, along with the percent of their average portfolio allocation.
While many of the major hedge fund strategies, such as Equity Long/Short, have been widely accepted by institutional investors for many years, CTAs have only recently been accepted as a core hedge fund allocation as pension funds scramble to
- 07/06/2011
Michael E Ducey has been appointed to the Board of Directors of Apollo Global Management, LLC, and to the Board’s Audit and Conflicts Committees, effective immediately. Ducey’s appointment will bring the number of independent directors on Apollo’s Board to four out of a total of eight Board seats.
Ducey was most recently with Compass Minerals International, Inc, from March 2002 to May 2006, where he served in a variety of roles, including as President, Chief Executive Officer and Director prior to his retirement in May 2006. Prior to joining Compass Minerals International, Inc, Ducey worked for nearly 30 years at
- 07/06/2011
A survey report released today by RBC Dexia and KPMG predicts that hedge fund managers will continue to create EU-domiciled hedge funds to complement their Cayman Islands or other offshore offerings, but that the QIFs and SIFs were gaining popularity versus the UCITS framework.


The survey challenges the notion that onshore domiciles could rival the supremacy of the Cayman Islands amongst hedge fund managers. Only a quarter (24%) of hedge fund managers said that they had already brought offshore funds onshore. Of those, more than half (55%) said they opted for co-domiciliation by creating onshore clone funds to complement their
- 06/06/2011
Galia Velimukhametova, Portfolio Manager at GLG Partners, is to be awarded 100 Women in Hedge Funds’ (100WHF) 2011 European Industry Leadership Award at the organisation’s London Gala on 13 October, 2011.


Each year, 100WHF identifies a woman whose professional talent, business ethic, and passion for investing help define and advance the hedge fund industry’s standards of excellence.


“We are thrilled to recognise Galia Velimukhametova’s professional accomplishments and commitment to the hedge fund industry throughout her career,” says Kristen Eshak, Board Champion, Philanthropy, of 100 Women in Hedge Funds London Ltd and Managing Director, Blackstone Group.


Past European Industry Leadership Award
- 06/06/2011
There’s a lot to be said about getting a fund administration location correct. Get it wrong and you can damage client relationships along with your reputation. Get it right, and growth opportunities can blossom, says Dermot Butler, chairman of Custom House Global Fund Services Ltd and Custom House Group.
So when I read last week that the Monetary Authority of Singapore (MAS) was planning to strengthen the Lion City’s fund administration business, I rather welcomed it, not least because we ourselves operate there.
Far from being a threat to competition, I think having a concentration of administrators will actually benefit
- 06/06/2011
Jefferies has appointed Naomi Kumagai, Makarim Salman and Masahiro Wakasugi as Senior Equity Research Analysts based in Tokyo. Kumagai will cover the Healthcare sector, Salman will cover the Financial Services and Insurance sectors, and Wakasugi will cover the Technology sector.
“The addition of these experienced analysts is another step in the continued expansion of Jefferies’ Asian Equities business,” says Michael Alexander, CEO of Jefferies Asia. “Their strong industry expertise and proven track record will add immediate value to our global client base as we continue to build-out our equity platform in Asia.”
Jefferies now has 15 equity research analysts covering
- 06/06/2011
- 06/06/2011
Hedge fund capital invested in Emerging Markets reached a new record level in Q1 2011, as global investors increased exposure to Emerging Asia and Russia, according to the latest data released by Hedge Fund Research.
Total assets invested in Emerging Markets hedge funds increased to over USD121 biliion, surpassing the previous record level of USD117 biliion set in 2007, according to data released today by HFR, the leading provider of hedge fund industry data. The quarterly asset increase of over 6.5 per cent includes an inflow of nearly USD2.3 biliion in new capital, concentrated primarily in Emerging Asia, as well
- 06/06/2011
The Credit Suisse LAB Liquid Indices posted mostly negative performance in May, signalling a challenging month for hedge funds 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 May, finishing down 0.90% for the month," says Drachman. "The Credit Suisse Long/Short Liquid Index, which seeks to replicate the aggregate return of Long/Short Equity hedge funds, dropped 0.93% as equity markets fell amidst downgraded economic outlooks and disappointing first quarter
- 06/06/2011
- 06/06/2011
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