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The latest Preqin study of institutional hedge fund investors has found that just 7% have no plans to increase their commitments to the asset class over the next three years. The results suggests that there will be a significant inflow of institutional capital into the industry in the next few years.
The study also revealed that 20% of investors had expanded their hedge fund teams over the past year, while a further 20% of those that do not currently have a hedge fund team intend to develop one within the next three years.
Some 30% of institutional investors will definitely
- 23/05/2011
The acquisition last year (2010) of Mourant International Finance Administration, the alternative fund services arm of the Jersey-headquartered legal and financial services firm, is proving a highly successful move, according to State Street senior vice-president and head of private equity and real estate services Phil McGowan (pictured).
“We are expecting strong growth in Jersey and Guernsey, and we are thinking that private equity and real estate are extremely good places to be right now,” McGowan says. “That’s why we made the acquisition and are putting our resources into the Channel Islands.
“The people and skills that come with acquisitions are
- 23/05/2011
Palmer Square Capital Management, a manager of hedge fund-of-funds partnerships and customised alternative investment solutions, has launched the Palmer Square Absolute Return Fund, its first open-ended mutual fund.
Launched in partnership with Montage Investments, the objective of the fund is to seek capital appreciation with an emphasis on absolute (positive) returns and low correlation to the broader equity and bond markets. The fund offers investor and institutional share classes, trading under the symbols PSQAX and PSQIX, respectively.
The fund utilises a concentrated group of seven institutional managers that operate a broad range of hedge fund-type strategies, including global macro,
- 23/05/2011
- 23/05/2011
National Futures Association (NFA) has levied a fine of USD500,000 against Vision Financial Markets LLC (Vision). Vision is a Futures Commission Merchant and Commodity Pool Operator with headquarters in New York City and branch offices in Chicago, Illinois and Stamford, Connecticut.
The decision, issued by NFA’s Business Conduct Committee, is based on a Complaint filed in May 2011 against Vision and its president and senior vice president, Howard M. Rothman and Michael P Doherty, respectively and a settlement offer submitted by them.
The Committee found that Vision, Rothman and Doherty failed to diligently supervise five of Vision’s Guaranteed Introducing Brokers
- 22/05/2011
Ahead of the proposed launch of Castlestone Management’s Aliquot Precious Metals UCITS fund on May 31, the firm’s CEO Angus Murray has been expounding the virtues of holdi
- 22/05/2011
ML Capital are certainly busy right now.
- 22/05/2011
EFAMA released a report on the evolving investment strategies of UCITS this week as the popularity in “newcits” – UCITS funds that employ hedge-like strategies to achieve ab
- 22/05/2011
Babson Capital Europe, the credit specialist investment firm, has hired high yield specialist Kam Tugnait reported Creditflux this week.
- 22/05/2011
CAISfunds, a New York based financial technology company providing an independent, alternatives investment platform to the wealth management community, has announced a strategic partnership with Fundspire, a provider of hedge fund analytics and portfolio management tools.
The Fundspire technology integration will add statistical analysis capabilities to the CAISfunds platform and allow advisors to analyse funds, optimise allocations, and construct client portfolios. Further, it will offer robust charting and report creation functions reflecting rolling statistics and correlations of a fund over varying investment periods. Fundspire provides a wide set of performance and risk metrics and market data for more than 1,500 indices
- 22/05/2011
HSBC Securities Services (Guernsey) Limited believes new measures to improve the safeguarding and verification of assets managed in the EU will best be handled by large, multi-jurisdictional administrators and custodians with strong balance sheets.
Article 21 of the Alternative Investment Fund Manager Directive (AIFMD) introduces the new concept of a ‘depository’ responsibility into the alternative fund management value chain, a concept taken from the more regulated UCITS domain. It is envisaged that the depository will be responsible for oversight of the fund, for safe-keeping of assets that can be kept in a safe custody account (the depository generally remaining liable
- 22/05/2011
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