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F-Squared Investments has exceeded USD10bn in assets under management or model manager agreements as of 4 January 2013, up from approximately USD5.6bn in the previous year.
2012 marked the second year in a row that the firm’s assets grew by more than USD4bn, with growth coming across all business segments.
F-Squared’s growth has been fuelled by strong demand for the firm’s AlphaSector suite of solutions, which provide investors with upside participation plus embedded downside risk management.
F-Squared’s growth in 2012 came primarily from its Advisor Solutions and Alternatives business units. F-Squared continued to be one of the industry’s more successful
FRM Capital Advisors (FCA), the seeding division of Man Group’s fund of hedge funds operation FRM, is to make a significant investment in a new Japan-focused hedge fund launched by Hong Kong-based investment adviser Arena Capital Management.
Arena, which was established by chief investment officer Toby Bartlett – ex-Citadel and Highbridge Capital Management – in May 2012, manages a Japanese long/short equity strategy with a focus on domestic demand stocks, and constructed with a factor neutral pair trading book.
The investments will be FCA’s first since its parent FRM Holdings was acquired by Man in May.
Joining Bartlett at Arena
BNY Mellon has been recognised as the world’s largest fund of hedge fund (FoHF) administrator in a bi-annual administrator survey.
BNY Mellon saw its FoHF assets under administration rise by USD20bn to USD130.6bn in the six months to October 2012, demonstrating considerable growth in what has been a challenging period for the FoHF industry, with overall assets under management down by two per cent, falling from USD1.09trn to USD1.07trn.
Marina Lewin (pictured), global head of sales for BNY Mellon Alternative Investment Services, says: "We’ve been able to benefit from increasing moves toward outsourcing as funds of hedge funds continue to
Depleted wallets, order allocation, CSA and algo trends, regulations and top brokers point to similarities between the US and European markets, but wallets and regulation will cause divergence, says Miranda Mizen, TABB’s director of equities research.
Lower volumes have hit both continents hard, but the combination of a European wallet that plummeted in 2012 and the opening door to commission-sharing agreements (CSAs) will cause those who trade in Europe to choose brokers and products with a different eye, according new TABB Group research, “US and European Buy-Side Equity Trading: An Aggregated View”.
Most importantly, equity market structure change is on
The Rockledge Group’s L2 Sector Rotation Strategy is now available to financial advisers on major RIA custodial platforms through the Placemark UMA Marketplace Platform.
“Placemark is well known in the financial industry for the flexibility of its UMA offering, most especially the ability for financial advisers nationwide to easily customise solutions using any of the thousands of investment products available on the UMA platform,” says Alex Gurvich, co-founder and managing partner of The Rockledge Group. “We’re delighted to have our L2 Sector Rotation Strategy part of the Placemark family of offerings.”
Lee Chertavian, Placemark’s chairman and chief executive, says: “Placemark
Hedge Funds Care Midwest will be supporting 17 groups working to address the effects of child abuse during the 2012-2013 grants period.
The nine continuing grants and eight new grants total USD620,000, donated by hedge fund industry participants.
Hedge Funds Care grants are awarded to charitable organisations in the following areas that address child abuse: education, prevention, intervention, research, advocacy, and training.
Current Midwest beneficiaries are Brighton Park Neighbuorhood Council, Casa Central Social Service, Chicago Child Care Society, Chicago Children’s Advocacy Center, Children’s Advocacy Center of North and Northwest Cook County, Children’s Home and Aid Society of Illinois, Community Counseling
Petri Jylhä’s DSc doctoral dissertation "Essays on the Economics of Hedge Funds" at the Aalto University School of Business has been awarded the first prize in the OP-Pohjola Group Research Foundation Doctoral Thesis competition.
The award is worth EUR10,000.
The doctoral dissertation consists of four essays that examine hedge funds from various perspectives. Hedge funds refer to funds which often involve high risks and seek to increase their returns in all market conditions.
The first essay investigates hedge fund operations in international financial markets. Based on the results, funds generally engage in traditional interest rate differential trading, which involves borrowing
The Securities and Exchange Commission has charged a former executive at New York-based broker-dealer Jefferies & Co with defrauding investors while selling mortgage-backed securities (MBS) in the wake of the financial crisis so he could generate additional revenue for his firm.
According to the SEC’s complaint filed in federal court in Connecticut, Jesse Litvak arranged trades for customers as part of his job as a managing director on the MBS desk at Jefferies. Litvak would buy a MBS from one customer and sell it to another customer, but on many occasions he lied about the price at which his firm
Overall alternative Ucits strategies delivered solid performances in 2012, but managed futures struggled to keep up, according to the Q4 Alceda Quarterly Ucits review from Alceda Fund Management.
The top performer of 2012 was the Equity Long Short Index which delivered 6.19 per cent growth over the year.
Tracking the Absolute Hedge Global Ucits Index, the Alceda Ucits review revealed the sector had another positive quarter, with the Index advancing 0.8 per cent to bring total yearly gains to 3.02 per cent. As at December 2012, assets under management in alternative Ucits funds stood at EUR86.0bn, following a 1.5
Offshore law firms Carey Olsen and Hempel and Boyd are entering into an association to provide their clients with British Virgin Islands (BVI), Cayman Islands, Guernsey and Jersey legal services.
Carey Olsen is an offshore law firm with offices in the Cayman Islands, Guernsey, Jersey and London.
Hempel and Boyd provides BVI legal services from its offices in the BVI and Cape Town, South Africa.
The announcement of the association between the two firms follows Carey Olsen’s entry into the Cayman Islands legal market in 2012 and its launch of BVI services through its Guernsey office in 2012.
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