Latest News
Tiger Management has formed a partnership to focus on investing in Asian equities.
Tiger Pacific Capital is a new investment company, whose founding partners are Run Ye, Junji Takegami and Hoyon Hwang.
The individuals are experienced investors who were formerly senior members of Tiger Asia Management, a long/short Asian hedge fund manager. Tiger Management and its principal owner, Julian H Robertson, will serve as TPC’s seed investor.
Robertson says: “Asia is the best area of the world to practice the hedge fund business. There are great companies at the initial phase of their growth and, on the other side,
The Credit Suisse Liquid Alternative Beta Index was down 0.64 per cent in October, according to Jordan Drachman, head of alternative beta strategies at Credit Suisse.
The event driven strategy was the sole contributor to performance, finishing up 0.94 per cent for the month, and continues to be the highest performing strategy year-to-date, up 9.12 per cent thus far in 2012.
The managed futures strategy was the most significant detractor from performance, finishing down 2.41 per cent for the month.
Investcorp, a provider and manager of alternative investment products, is to acquire Scandinavia’s luxury retailer Georg Jensen for USD140m from private equity group Axcel Capital Partners.
As part of this transaction, Investcorp has teamed up with David Chu, the luxury brand entrepreneur and founder of Nautica, who will join the company on closing as chief creative director and co-chairman of the board.
Also joining the board on closing will be Guy Leymarie, former chief executive officer of DeBeers Diamond Jewellers, Cartier International and Dunhill.
Georg Jensen designs, manufactures and distributes jewellery, watches, fine silverware and high-end homeware.
Hazem Ben-Gacem, head
Wall Street professionals can expect to receive flat to moderately larger year-end incentive payouts compared to the previous year, according to an annual compensation analysis released by Johnson Associates.
The analysis found that this year’s incentives results are an improvement over 2011, when incentives fell sharply throughout the financial services industry.
"The recovery in financial services continues to be a struggle, and while incentives will be modestly up, few professionals will have reason to cheer. With wide variations in outcomes, and an uncertain outlook, the bonus season will be rightfully subdued," says Alan Johnson, managing director of Johnson Associates. "Following
"If you’d launched this fund in 2005, you would have needed to use a lot more leverage. Now, however, we’ve got a better volatility backdrop and opportunity set in a more schizophrenic market,” says Bob Jolly (pictured), Head of Global Macro at Schroders.
In early October 2012, the firm launched the Schroder GAIA Global Macro fund, an UCITS-compliant vehicle managed internally by the Schroders Fixed Income Multi-sector team with Jolly at the helm. With significant structural macro imbalances generating more volatility and a rise in risk premiums, Schroders moved quickly to introduce the new fund, which has an 8 per
Eurex Clearing is to go live with Europe’s first central counterparty (CCP) service for the bilateral securities lending market on 22 November.
In order to ensure a smooth and efficient market establishment, Eurex Clearing’s lending CCP will commence operations with an initial group of banks and asset classes.
At the start, German and Swiss blue chip equities and exchange-traded funds (ETFs) will be available for pilot clients. This initial phase will allow clearing members to lay the necessary foundations for the alignment of their systems and processes and extensively test the infrastructure to access this innovative CCP offering. Building on
Despite increasing regulatory requirements for hedge funds, only 10 per cent of investors feel that regulations effectively protect their interests and 85 per cent of investors do not believe these requirements will help prevent the next financial crisis.
This is according to Ernst & Young’s sixth annual survey of the global hedge fund market, Finding Common Ground.
The 2012 survey, compiled by consulting firm Greenwich Associates for Ernst & Young, compares opinions from 100 hedge fund managers who manage over USD710bn and 50 institutional investors with over USD190bn allocated to hedge funds on current topics related to the hedge fund
The outcome of this week’s US Presidential election will hopefully provide us with a signal for the direction of economic policy in a number of key areas. The most important of these is the “fiscal cliff” – a potent combination of lower spending and higher taxes which, in the absence of action from the US Congress, will begin early next year, says Percival Stanion (pictured), head of the global multi asset group, Baring Asset Management…
According to estimates by the Congressional Budget Office, without resolution of the fiscal cliff, the US economy could contract by as much as 0.5% in
Brad L Demuzio and his company Demuzio Capital Management (DCM), both of Chubbuck, Idaho, are to pay over USD3m for operating a fraudulent USD1.8m commodity pool and foreign currency Ponzi scheme.
The consent order and order of default judgment impose a permanent injunction against Demuzio and DCM, respectively, finding that the defendants violated the anti-fraud provisions of the Commodity Exchange Act and failed to register with the CFTC as commodity pool operators (CPOs).
In addition to the permanent injunction, the final orders each impose permanent trading and registration bans against Demuzio and DCM and order them to jointly pay restitution
A new "regulation light" fund manager regime for the British Virgin Islands is one step closer to launch with the publication on 1 November of the final form of the Investment Business (Approved Manager) Regulations, 2012.
“The Approved Manager regime seeks to strike the right balance of flexibility and effective regulation taking into account the relative risk profile of the business carried on. I believe that the regime achieves this and will prove to be an attractive option for fund managers seeking to commence business quickly and in a cost effective manner,” says Ross Munro (pictured), global head of investment
Special Reports
FeatureD
- Insight
