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Blackrock Alternative Investors espoused the virtues of alternative investments and the diversifying role they can play in institutional client portfolios in a May 25 presentation entitled: The role of alternatives in institutional client portfolios. The three speakers included: Matthew Botein (pictured), MD and head of Blackrock Alternative Investors; Marcus Sperber, who heads up Blackrock’s international real estate business, and Ken Kroner, head of Global Market Strategies Group (GMSG). Botein began by presenting the current market challenges being faced by investors and how alternatives can address them. With ever-declining bond yields and reflated asset prices, the opportunities that existed for pension
The US Commodity Futures Trading Commission (CFTC) has filed an enforcement action charging Jonathan W Arrington, Michael B Kratville, Michael J Welke and their companies, Elite Management Holdings Corp (EMHC) and MJM Enterprises LLC (MJM), all of Omaha, Neb, with defrauding more than 130 commodity pool participants, the majority of whom are from the greater Omaha area, of at least USD4.7 million. The CFTC complaint, filed on May 23, 2011, in the US District Court for the District of Nebraska, charges the defendants with fraudulent solicitation, sending false statements, misappropriation, failure to register with the CFTC and failure to comply
A new Association has been launched this month in Jersey, Channel Islands, specifically focused on the requirements of company directors and officers operating in the island.  The Jersey Association of Directors & Officers (JADO) has been launched in response to a local need for the timely dissemination of news, information and comment on matters relevant to Jersey directors. Within this group dwells the Island’s wealth of experience and JADO intends to tap this source of knowledge for the benefit of the Island generally in terms of contribution to consultation processes, offering solutions as well as helping to maintain standards amongst the
London-based Merchant Capital, the asset management division of Merchant House Group Plc, has announced this week an ongoing advisory relationship with <
The US Commodity Futures Trading Commission (CFTC) has obtained a federal default judgment order requiring defendant Richard D.Theye of Austin, Texas, to pay more than USD6.2 million in restitution and civil monetary penalties for operating a commodity pool Ponzi scheme. The order stems from a CFTC complaint filed on 1 June, 2010, that charged Theye and his company, Micind Capital Management, Inc, with fraud in connection with running a multi-million dollar Ponzi scheme . The order, entered by US District Judge Sam Sparks of the US District Court for the Western District of Texas, requires Theye to pay restitution of
GLG Partners, now a subsidiary of Man Group Plc, announced this week it had launched a new UCITS III-complian
EFAMA this week defended Exchange-Traded Funds in a reply to the G20’
HSBC Global Asset Management this week became the first firm to launch a CIVETS fund.
As institutional investors increasingly look for sources of alpha outside of traditional asset classes, the benefits of alternative investments are coming to the fore, according to BlackRock. Interest rates are currently low but investors are concerned about the potential for them to rise in the medium term. Many pension schemes are significantly underfunded and need to compound returns at or above funding levels in order to regain lost ground. As a result, institutional investors are looking for yield and diversification to protect themselves against rising rates and inflation. Liquidity and transparency are important factors in deciding which strategies to invest
A team from Guernsey is hosting a seminar next month to show a select London audience the attractions of relocating to the Island. Representatives from Butterfield Bank, KPMG Channel Islands and Guernsey estate agents Swoffers are holding the event to show the benefits for both individuals and businesses of moving to the Island. The seminar is titled ‘Guernsey, the right destination for you?’ and takes place from 5pm until 7pm on Monday 6th June at the London offices of Butterfield Private Bank. Jason Woodhard (pictured), Business Development Manager at Butterfield Bank in Guernsey, says: “The aim of this seminar is

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