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Brett Meili has joined US Bancorp Fund Services as legal counsel to provide support for the organisations’ growing alternative investment products and services.
Following the recent acquisition of AIS, a fund administrator based in New Jersey, US Bancorp Fund Services continues to expand consultative support and resources to serve the firm’s alternative investment clients and larger community.
“US Bancorp Fund Services knows that innovative services must be built and supported by industry-leading experts to ensure our clients’ success on every level,” says Christine Waldron, senior vice president of alternative investments for US Bancorp Fund Services. “We are excited to once
Eze Castle Integration, a provider of IT solutions and private cloud services to hedge funds, has launched Eze App Cloud, a private cloud application delivery platform developed exclusively for application providers.
Built on the company’s Eze Private Cloud, the hedge fund industry’s most broadly deployed and used private cloud, Eze App Cloud enables application providers to combine their software with a cloud infrastructure to give clients a complete, cost-effective package that speeds time to value.
There are already more than 60 applications delivered via the Eze Private Cloud, which features 24/7 system and security monitoring and professional management; N+1 infrastructure
S&P Capital IQ Equity Research has revealed its top ten core European investment selections of equity stocks, “Power Picks”, for 2013.
The team has analysed the key themes set to influence the performance of European equities over the next 12 months, and compiled a list of stocks it expects to outperform the broader market. The companies chosen are over a range of sectors including industrial, telecoms, automotive and luxury consumer goods.
The Power Picks list outperformed the DJ Stoxx 600 by 12.2 per cent, on a total return basis in 2012.
As outlined in its 2013 European Equity
Many of you who prefer owning physical assets are already heavily invested in gold and silver. You are looking for diversification but would like to stay in hard assets and even more specifically, metals. Fortunately, there is a new, valuable asset class that you can physically own in your own name (trust or LLC), that you can touch and see, take delivery of, or store off-shore in allocated, segregated fashion, reselling directly into the industrial market when you liquidate or when the stockpile is sold in its entirety at full maturity value.
This asset class is the rare and strategic
AIMA Canada, the Canadian national group of the global Alternative Investment Management Association (AIMA), has established two new regional committees in Alberta and British Columbia. This move follows the 2010 creation of a regional committee in Québec and reflects the growth of the alternative investment industry across Canada and AIMA Canada’s growing national footprint.
Established in 2003 as the voice of the hedge fund industry in Canada, AIMA Canada has approximately 100 corporate members involving over 250 individuals, including hedge fund managers, fund of hedge funds managers, prime brokers, legal and accounting firms, institutional investors and fund administrators. Its objectives
Hong Kong based asset manager The Pacific Group is to convert up to a third of its hedge fund assets into physical gold, in a bet that bullion prices will increase as investors ditch currencies in favour of precious metals.
According to Bloomberg, Pacific group founder and chief investment officer William Kaye is planning to take delivery of USD35m in bullion and has secured vault space at Hong Kong International airport to store the gold.
Pacific Group’s USD95m Greater Asian Hedge Fund recorded returns of 2.8 per cent in 2012 taking its cumulative net return since inception in February 2000
The improvement in market dynamics and the reduction of tail-risk, coupled with a very appealing opportunity set, means that Altin, the USD250m multi-strategy fund of hedge funds, is starting to invest in less liquid strategies with higher expected returns.
This allocation shift has already started to take place gradually.
Altin believes there are very interesting opportunities in credit long/short and event-driven, especially in Europe where corporate activity is expected to increase and banks will be required to deliver.
Since inception in December 1996, Altin has returned +162.64 per cent compared to +114.17 per cent for the HFRI FoF Composite Total
Nearly a third (31 per cent) of financial services industry chief executives believe that senior management should be spending more time on risk and compliance, according to a study by Kinetic Partners.
Nearly half of financial services CEOs (48 per cent) believe that senior managers should be spending between 20 per cent to 40 per cent of their time on risk management and compliance, but 31 per cent of this group admit that this standard is not being achieved.
This number climbs even higher for chief risk officers (CROs), 43 per cent of whom believe that senior management is
Myles Flint is to join law firm MW Cornish & Co as a partner with effect from 28 January 2013.
Flint has vast experience in advising hedge, private equity and other alternative investment managers and funds and EU Ucits and other retail investment managers and funds.
Prior to his appointment at MW Cornish, Flint was acting head of legal at Cardano Risk Management BV (London office), a fund manager managing circa EUR20bn for institutional investors. He was also counsel at Appleby where he undertook a mixture of corporate and funds work.
Michelle Carroll, Partner, Investment Management Division, BDO LLP on the changes to the disclosure of funds and directors in the Cayman Islands…
CIMA’s public consultation is a welcome step forward as it should help reduce the misconceptions some investors and politicians have over the Island’s legitimacy as a global hedge fund centre. Having said that, no one should invest in a fund aimed at sophisticated investors without first going through a thorough due diligence process which should include interrogation of the competency of the fund’s directors. These directors are not hard to find and, in my experience, are very happy
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