Latest News
Independent wealth management firm Vestra Wealth (Vestra) has appointed Mario De Bergolis as head of operational due-diligence of its Hedge Fund Advisory Service – a new dedicated service for clients looking for due diligence, research and advice on alternative investments.
De Bergolis joins Vestra from GlobeOp Financial Services where he headed up the UK Implementations team. He has over 15 years’ industry experience within the hedge fund sector and is a Chartered Alternative Investment Analyst.
“The Hedge Fund Advisory Service is another example of Vestra providing clients with the highest quality of investment advice – in this case with a focus
- 25/05/2011
Outsourcing is an increasing fact of life for the financial services industry in the Channel Islands, but local firms differ in their approach. However, industry participants agree that maintaining service quality is vital.
Guernsey’s outsourcing guidelines enables fund promoters to take advantage of the island’s regulatory regime without the island hitting capacity problems as a result of its population constraints, according to Joe Truelove, head of Channel Islands business development for Kleinwort Benson’s corporate fiduciary division.
“Outsourcing effectively provides greater capacity and scalability, in some cases, than would be possible if all functions had to be performed on-island,” he says.
- 25/05/2011
The high levels of stock market volatility over the last few months resulting from natural disasters and continued political and economic turmoil have once again highlighted the need for proper diversification across asset classes, within investment portfolios.
During the month of March, the All Share index (ALSI) gained only half a per cent, recovering from a frightening 6.4% drop mid-month, primarily from the devastating earthquake and resulting Tsunami in Japan. In contrast, the monthly Blue Ink All South African Hedge Fund Composite (BIC), which tracks the performance of hedge funds in South Africa, delivered a 0.64 % return.
“Conservative
- 24/05/2011
By John Roche, Partner, PwC – Whilst everyone no doubt has their own view of the financial crisis, what is clear is that its knock on effect has been dramatic.
Now regulators, particularly in the US, are on the offensive, keen to deal with the criticism levied at them. The Dodd Frank Act is one principal US measure. This article will focus on how it may impact a significant number of asset managers using the Channel Islands.
Dodd Frank
The Dodd Frank Act eliminates the ‘Private Investment Adviser’ registration exemption for asset managers to private funds. Previously, asset managers relied
- 24/05/2011
Equinox Fund Management has added the commodity trading advisor, or CTA Program, Berkeley Quantitative Trading Company – Performance Program, LLC (BQ) to the investments held by the subsidiary of MutualHedge Frontier Legends Fund. MutualHedge is a mutual fund providing investors with exposure to an actively managed portfolio of multiple managed futures investments. MutualHedge has two classes of shares, which trade under symbols MHFAX and MHFCX.
Equinox selected Berkeley Quantitative for inclusion in MutualHedge because of BQ’s trading methodology and low correlation to trend-following strategies. Berkeley Quantitative uses multiple models in its quantitative, systematic trading approach; its strategy seeks profits by
- 24/05/2011
The Dow Jones Credit Suisse Hedge Fund Index posted positive performance in April, finishing up 1.80%, with nine out of ten strategies posting positive performance for the month.
Managed Futures was the best performing sector in April. The strategy gained 5.40% as managers capitalised on positive momentum in both equity and energy prices.
Equity Market Neutral managers finished the month of April in positive territory. The strategy gained 3.37% as managers benefited from low stock correlations and a largely fundamental orientation throughout the month.
Global Macro hedge funds posted positive performance of 2.46% in April. Currency trades positively contributed to
- 24/05/2011
Although European fixed income investors remain relatively optimistic on the booming high-yield asset class, the strength of this sentiment is fading, according to Fitch Rating’s European Senior Fixed Income Investor Survey for Q2 2011.
"High-yield corporates remained in top spot as most favoured choice by investors, although by a reduced margin compared to the previous quarter," says Monica Insoll (pictured), Managing Director in Fitch’s Credit Market Research group.
The share of survey respondents expecting improvements in fundamental credit conditions for high yield also reduced to 40% from 53% in Q111. Compared to the other six asset classes monitored in the
- 24/05/2011
Hedge fund forward redemption notices increased slightly in May according to the latest results issued by one of the industry’s major indicators.
The GlobeOp Forward Redemption Indicator for May 2011 recorded a modest increase to 3.92%, up from 2.45% in April but lower than the 4.25% from a year ago.
“Although the indicator increased in May there is no reason to believe that this signals a change in investor sentiment,” says Hans Hufschmid (pictured), chief executive officer, GlobeOp Financial Services.
The Indicator represents the sum of forward redemption notices received from investors in hedge funds administered by GlobeOp,
- 24/05/2011
- 24/05/2011
AlphaMetrix Group, LLC, a provider of consolidated platform and administration services for hedge funds and investors, has appointed that Mark Faulkenberg as Director of Global Operations at hedge fund administrator AlphaMterix360.
In this role, Faulkenberg will oversee day to day operations of the company and lead all operational due diligence activities in support of the AlphaMetrix Platform. He reports to David Young, Chief Operations Officer, and is based in AlphaMetrix360’s operations center in Columbus, Ohio.
“Mark’s background of building and running back and middle-office operations have made him not only an outstanding operational executive, but one of the industry’s leading
- 23/05/2011
Permal Investment Management Services has appointed Paul Jeffries (pictured) to its institutional team, where he will be responsible for the Group’s UK Institutional business. Jeffries joins Permal on 1 June from Railpen Investments and will report to Roberto Giuffrida, Executive Vice President and Co Head Global Business Development.
At Railpen Investments, the UK railways pension scheme and one of the largest UK schemes, Mr Jeffries managed the GBP8 billion global equity multimanager portfolio, investing in both traditional and alternative managers. This role included research, monitoring and selecting new investment ideas. Before joining Railpen in 2005, Mr Jeffries worked at
- 23/05/2011
Special Reports
FeatureD
- Intel
- May 8, 2024
- Intel
- May 7, 2024
- Intel
- May 2, 2024
- Intel
- May 1, 2024
- Intel
- April 30, 2024
- Intel
- April 29, 2024
- Intel
- April 26, 2024
