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The Cayman Islands Monetary Authority (CIMA) has given the stamp of approval to Cayman’s newest independent director services provider, Fund Fiduciary Partners.
Launched by hedge fund industry specialists Michael Pearson and Chris Rowland, Fund Fiduciary Partners is aiming to address the increasing demand for highly qualified and truly independent corporate governance services for hedge funds.
Committed to a limited appointment business model, the principals of Fund Fiduciary Partners will only be taking on a small and select number of opportunities.
Pearson says: "Institutional investors are increasingly and rightfully demanding more transparency regarding the volume of work an independent hedge
Absolute return (AR) strategies appear to be gaining acceptance and momentum among financial advisers, according to the Brinker Capital’s Q4 Brinker Barometer survey.
Almost half (48 per cent) of advisers said they already use AR strategies in their client portfolios, nine per cent said they do not but plan to do so this year, and 46 per cent of those who indicated use of AR noted they will increase their allocation in 2013.
Sixty-five per cent of respondents said they view AR as a complement to relative return strategies, versus 23 per cent who position it as part of a
Alphakinetic, a fund management software provider to the investment management industry, has signed four clients since coming out of beta in 2012.
Alphakinetic’s clients are using its Glide Fund Manager platform and associated cloud-based products as part of their fund management practices.
Alphakinetic provides flexible and robust fund management software to the investment management industry. The flagship cloud-based Glide platform is used by cross-asset hedge funds, wealth managers and family offices situated across Europe. Alphakinetic also offers Glide Cloud products that allow a developer to create and access financial data content in the cloud via a simple interface.
Post-beta client
Jeff Taylor (pictured), Head of European Equities at Invesco Perpetual, considers what happens next following an indecisive Italian election…
Italy’s election results are turning out far less clear cut than markets would have liked, with the Centre Left parties winning a clear majority in terms of seats in the Lower House of parliament but with no clear winner in the Senate.
The star of the election has been the anti-austerity, anti-establishment movement led by former comedian Beppe Grillo, which has picked up the votes of many angry, disgruntled Italians, to the detriment of the more traditional parties.
What happens next?
Abacus Group, a provider of hosted IT solutions for hedge funds and private equity funds, closed out 2012 with 100 per cent annual revenue growth.
In addition, the company has doubled its client base in the last 12 months, propelled by demand for its scalable, cost-effective AbacusFLEX private cloud solution.
Today’s market environment continues to impose new cost pressures and regulatory demands on asset managers, forcing top-tier, new and emerging hedge funds and private equity funds to identify new methods to better allocate IT resources and lower operating costs while still adding measurable value.
As a result, more and
Revere Capital Advisors, the London and New York-based boutique emerging hedge fund manager specialist, has launched its portfolio of early-stage hedge funds, the REM Founders Fund.
For several years, Revere has employed an investment process that seeks to identify hedge fund managers at the conception of their business. After identifying new launches, the REM research and investment team evaluates all relevant managers through a defined and repeatable due diligence process.
Revere has opened the Revere Emerging Managers (REM) Founders Fund to institutional clients and other external investors. They will also be able to access the entire Revere Emerging Managers research
NAB Asset Servicing (NAS) has gone live on Calastone, the fund transaction network for the managed fund industry.
More than 40 per cent of Australia’s fund managers are now available for transacting over the electronic network.
NAS is Australia’s largest asset servicing company. Shannon Sweeney, Calastone managing director – Australia, believes its connection to the network means the critical mass of the Australian funds industry is now capable of transacting electronically.
“This is an incredible advancement for the Australian industry, which just 12 months ago was completing these transactions exclusively by fax,” she says. “Calastone has overseen the automation of
Richard Bonnor-Moris (pictured), Head of Multi-Asset Solutions at Newscape Capital comments on the credit downgrade of the UK by Moody’s…
The credit downgrade of the UK by the Moody’s rating agency is unlikely to make a great deal of difference to investors. The downgrade itself was widely expected and with only Germany and Canada at triple A amongst the G7 the UK is now at the same level as the US and France.
If it is anything the downgrade is a reminder of the challenges the UK government faces going forward due to the combined effects of slow growth, low
Multi-asset brokerage and clearing specialist Newedge has cleared its first OTC interest rate swap (IRS) contract.
The transaction is also the first to be cleared on CME Clearing by a non-traditional OTC swap dealer.
The clearing process is supported with a default management agreement between Newedge, a futures commission merchant member of CME, and its two bank shareholders – Societe Generale CIB and Crédit Agricole CIB.
Nicolas Breteau (pictured), chief executive at Newedge, says: “Driven by new regulation, the market for OTC clearing is transforming. Such change provides a real opportunity for us as an agency broker to leverage
Krusen Capital Management, the New York-based SEC-registered investment adviser, has selected the HedgeMark Managed Account Platform.
Krusen will use HedgeMark, an affiliate of BNY Mellon, to provide its clients with access to hedge fund transparency and risk reporting tools.
HedgeMark’s risk analytics technologies support its evolving hedge fund managed account programme. HedgeMark’s core services include daily risk reporting, data aggregation and a range of fully integrated fiduciary services.
Charles Krusen (pictured), chief executive, sees a paradigm shift in traditional portfolio management, with hedge funds increasingly being used to reduce overall portfolio volatility while enabling investors to achieve more consistent
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