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Assets in global hedge funds continued to grow in 2012 on the back of solid average fund performance across the industry last year and new inflows from investors worldwide, according to the latest research from industry information provider HedgeFund Intelligence (HFI).
In the newly-published Spring 2013 issue of its bi-annual Global Review, HedgeFund Intelligence reports that assets in hedge funds of traditional types – which are mostly domiciled offshore or structured as limited partnerships in the US – reached USD2.208trn (including parallel onshore versions) at the end of 2012.
That represents a rise of just over seven per
The first quarter of the year was overall positive for hedge funds, according to Swiss alternative investment company Altin.
Appetite for risk continued to dominate markets and led to good returns for risky assets, especially in the US, where the economic recovery seems sustainable and where good liquidity prevails.
In Europe the situation improved, but markets remained nervous around specific events, such as the inconclusive Italian elections or the Cyprus bailout negotiations. Japan has also come back into the picture with the appointment of the new governor of the Bank of Japan and its willingness to depart drastically
Investment firm van Biema Value Partners has launched customised fund of fund portfolios for sizeable institutional and individual investors.
The firm’s first mandate comes from APG, one of the world’s largest dedicated pension asset managers.
van Biema currently offers three commingled investment strategies focused on investing in small, deep value-oriented long/short equity funds around the globe. The new capability, which employs a bespoke “Fund of One” structure, provides customised access to van Biema’s stable of US, Asian, European, and South American managers and allows van Biema to offer a tailored portfolio of managers designed specifically to address the particular needs
Israel A Englander’s Managed Accounts and Prime Services (MA&PS) division, a new platform providing customised solutions to small to mid-sized hedge funds, has appointed Wall Street veteran Brett Langbert as managing director for the firm, where he will be responsible for directing sales and distribution.
Prior to joining MA&PS, Langbert (pictured) was president and chief operating officer of HedgeCo Networks and president of HedgeCo Securities. At HedgeCo Networks, he was responsible for HedgeCo.Net, the most trafficked internet database for hedge fund content and performance. At HedgeCo Securities, Langbert managed a broker dealer that performed prime broker services, capital introduction
The Dow Jones Credit Suisse Hedge Fund Index finished up 1.21 per cent for the month of March, with nine of the 10 sub-strategies in positive territory.
Event driven (2.11 per cent), managed futures (1.74 per cent) and long/short equity (1.38 per cent) led the way while dedicated short bias was the only sub-strategy to record a negative return, finishing the month at -1.91 per cent.
The following funds were dropped from the Dow Jones Credit Suisse Hedge Fund Index in March: 1741 (LUX) Equity Active Indexing Market Neutral, Cheyne Global Catalyst Fund, GLC Diversified Fund, Global Undervalued
Integrated Financial Arrangements, the company that operates the Transact wrap service, has selected Calastone as the provider of its electronic, interoperable re-registration solution.
Transact, along with a number of other organisations, took part in the original working group to develop the Calastone re-registration service, and has now chosen the solution to automate its own re-registration process.
Under FSA regulations it is compulsory for platforms to offer re-registration of assets. Whilst these regulations do not stipulate that this process must be automated, it is widely acknowledged that an electronic straight through processing (STP) solution is preferable. Calastone’s solution gives the market
S&P Capital IQ has launched a consolidated financial data feed providing normalised, global content from over 110 exchanges that can be taken from a single point of presence.
This new capability addresses industry demand for differentiated, low-latency data at different speeds.
S&P Capital IQ’s Real-Time solution currently supports two core co-location facilities in New York and London, with plans to add Hong Kong later this year, consolidating data from the company’s 21 points of presence around the globe. This distributed network architecture allows clients to easily consume global real-time market data from a single API delivered either as
Clive Snowdon has been appointed group managing director of the Moore Group.
This new role is the first senior position to be announced since the fund business was acquired by First Names Group in January.
Snowdon’s (pictured) experience and knowledge ideally place him for the new role at Moore. He has over 15 years’ senior international business and operational experience in alternative assets covering hedge funds, funds of hedge funds and private equity funds. Snowdon will replace Ian Moore as managing director, whilst Moore takes up his new position as executive chairman of the Moore Group.
During
Quincy Data has chosen Enyx’s FPGA solution for CME Group data feeds for its “QED” microwave-based market data service.
The QED service sources data from multiple exchanges and delivers a normalised and integrated feed to exchange matching engine colocation and proximity data centres.
Enyx’s CME certified FPGA market data solution provides Quincy with wire-to-software latency of less than 1.5 microseconds (µs). This result is deterministic and includes decoding, filtering and normalisation (wire-to-wire is less than 1.2µs).
“We have achieved latencies impossible with software-based feed handler solutions,” says Arnaud Derasse, co-founder and chief executive of Enyx. “We are
Australian hedge fund seeder Scout Global Funds has joined IMQ as co-seed of Romanesco Capital Management’s systematic trading strategy, the Persistence Fund.
Scout aims to identify and invest in best of breed emerging managers worldwide. The firm’s mandate is to allocate to well-researched, innovative and disciplined strategies with smaller assets under management, as these emerging managers often offer a compelling investment case.
Scout’s backing of the Romanesco Fund alongside IMQ provides the new fund with another endorsement and connects it with a complementary group of investor candidates.
Persistence’s portfolio is broadly diversified across 45 liquid futures markets
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