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By James Williams – The winners of hedgeweek’s Global Awards 2013 gathered at an awards presentation lunch sponsored by Lyxor Asset Management in London’s Mayfair earlier this month.
All agreed that last year was far from a watershed for the hedge fund industry. Some managers pointed to the fact that average returns of 6.2 per cent (according to the HFRI index) did nothing more than paper over the cracks of 2011, when the average hedge fund lost some 5 per cent, but were an institutional investor to take such a simplistic view, they would have missed out on countless compelling opportunities
The winners of the Hedgeweek Global Awards 2013, as voted for by our readers…
Best Long/Short Fund Manager – Mendon Capital Advisors
Best Market Neutral Fund Manager – Insight Investment Management
Best Relative Value Fund Manager – Axa Investment Managers
Best Credit Fund Manager – MKP Capital
Best Distressed Securities Manager – Swiss Capital Alternative Investments AG, Zurich
Best Managed Futures CTA – Winton Capital
Best Fixed Income Fund Manager – Dexia Asset Management
Best Absolute Return Fund Manager – Bernheim, Dreyfus & Co
Best Global Macro Fund Manager – The Cambridge
With just under six weeks to go until the Guernsey Funds Forum 2013, Fiona Le Poidevin (pictured), Chief Executive of Guernsey Finance – the promotional agency for the Island’s finance industry – looks at what the event has in store this year.
This year’s Guernsey Funds Forum in London will examine the future shape of the global funds industry and ask whether the return of investor confidence will change the dynamics of the sector.
The event will be held at the Grange St Paul’s Hotel in London on 2 May and will culminate in a keynote debate featuring industry experts
Three veteran investment professionals have teamed up to form Witherspoon Asset Management, a Princeton-based investment adviser.
Witherspoon’s principals are Lee Gladden as chief executive, Thomas Kuntz as chief operating officer, and Tyler Vernon as managing director.
Both Gladden and Kuntz share a background from Commodities Corporation.
Witherspoon’s first offering is the Witherspoon Managed Futures Strategy Fund. The fund is designed for investors seeking non-correlated investments that also provide transparency and daily liquidity.
The firm’s approach to managed futures provides an alternative to funds already in the ’40 Act space. Witherspoon focuses on finding tactical specialists who
AcenciA Debt Strategies has reported an increase in the net asset value of 9.7 per cent as at 31 December 2012 to 103.38p and a share price increase of 9.7 per cent to 86.0p.
Both figures take account of dividend paid.
AgensiA is a closed-ended investment company listed on the London Stock Exchange, which invests across the debt spectrum on a global basis through highly focused and concentrated funds specialising in stressed and distressed opportunities.
AgenciA paid total dividends of 3.43p during the year, representing a dividend yield of 3.6 per cent, based on the closing share
Agecroft Partners, a hedge fund consultant and third party marketer, has won the Hedgeweek 2013 Award for Third Party Marketer of the Year.
Hedgeweek’s 41,000 subscribers, institutional investors, wealth managers, hedge fund managers, and industry professionals, voted on the awards.
Winners were named in 35 different categories on 1 March in London’s Mayfair. Agecroft Partners, which also won the Hedgeweek Award in 2012 and in 2011, has been selected five years successively as the Third Party Marketer of the Year by a major industry organisation.
Agecroft uses an institutional due diligence process which incorporates multiple qualitative and
Apex Fund Services, one of the world’s largest independent fund administration companies, is offering free office facilities and fund incubation services to fund managers looking to start a new fund.
The new office facilities service forms part of a new division, Apex Emerging Manager Incubation Services (EMIS), aimed at helping new fund managers establish their funds in the most cost effective way, with the best infrastructure to ensure the funds’ post-launch success.
In addition to providing office space, EMIS offers free advisory services regarding fund structure, jurisdiction selection, launch platforms, cloud hosting, broker networks, administration and, via Apex
Israel A Englander has expanded its prime services division and will now offer the first and only technology platform offering solutions to both emerging hedge fund managers and investors.
The division has been rebranded as Managed Accounts and Prime Services (MA&PS).
Created to serve the needs of the sub-USD250m AUM hedge fund community and investors, MA&PS provides traditional prime brokerage services that are enhanced with customised investment solutions targeting entities that manage or invest capital via a separately managed account (SMA) structure.
The MA&PS platform delivers tools that allow emerging hedge fund managers to easily operate a
Napier Park Global Capital has chosen Options’ PIPE Core and Momentum services as its fund’s technology infrastructure.
Napier Park is an independent asset management firm with approximately USD6.8bn under management and more than 110 employees in offices in New York and London. The firm manages a diversified product mix, including hedge funds, bespoke client solutions, CLOs and private investing for institutional investors globally.
Napier Park will use Options’ PIPE Core and Momentum services, key components of the Options’ Private Financial Cloud platform. PIPE Core is a complete business technology infrastructure service providing a robust and resilient technology
The Cayman Islands Stock Exchange (CSX) has migrated its electronic securities trading to Deutsche Börse’s Xetra trading system.
Xetra trading participants can now use Deutsche Börse’s infrastructure to easily access a non-European financial market.
It also gives six new market participants from the Cayman Islands access to an extensive pan-European network of traders.
Alexander Höptner, executive vice president of Deutsche Börse and responsible for market data and services IT, says: “The Cayman Islands Stock Exchange now has one of the fastest and most reliable cash market trading systems. It connects participants in Cayman Islands to one of
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