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Advise Technologies, a software solutions provider for global regulatory compliance, has launched the CPO-PQR and CTA-PR reporting module for its Consensus RMS suite of regulatory reporting solutions.
Forms CPO-PQR and CTA-PR are new reporting requirements for CFTC registered commodity pool operators (CPOs) and commodity trading advisers (CTAs) respectively, and represent the next wave in the global trend of required disclosures on the part of private fund advisers.
Advisers registered with both the CFTC and the SEC will need to comply with this requirement in addition to Form PF. The goal of such requirements is to give regulators better oversight of
Canadian investment firm Vertex One Asset Management is the latest client to sign up for Linedata’s newly launched Linedata Global Hedge hosted platform.
Linedata’s Canadian client base has grown by 35 per cent since opening its Toronto office in early 2011, as that market looks for tools to meet its portfolio requirements and growing need for strong automation and audit capabilities.
Founded in Vancouver in 1997, Vertex One today runs over USD1bn in assets under management within six funds, comprising both alternative and mutual funds. The Vertex Fund is one of the largest and longest standing alternative funds in
Avalon Lake Partners, an advisory firm for the alternative asset management industry, continues to build on its platform by adding Michael Byl as a director, rounding out its pre-launch and compliance activities, and enhancing its due diligence offering.
“In this difficult capital-raising environment it is imperative that funds distinguish themselves from the competition by emphasizing and effectively communicating their edge to the right targets,” says Lou Sala (pictured), managing partner and chief executive of Avalon Lake Partners.
Byl has three decades of experience in marketing, capital-raising and compliance. Over the course of his career he has raised in excess of
Equity brokerage and technology firm Olivetree Financial Group has appointed David Bell as chief executive of its US subsidiary, Olivetree USA.
Bell will report into Daryn Kutner, chairman and chief executive of Olivetree Financial Group.
Bell will be responsible for spearheading Olivetree’s continued growth in the US with a particular focus on Olivetree Solutions’ OTAS platform to US-based buy-side institutions, including asset managers and hedge funds. OTAS is a suite of content and tools that provides traders and portfolio managers with unparalleled insight into the risks and signals relevant to them.
Bell joins Olivetree from Redburn Partners where
Early stage managers are better positioned to benefit from current market conditions, according to Jeroen Tielman, chief executive and founder of IMQubator, a multi-strategy hedge fund incubation platform.
Citing a new report from PerTrac, Impact of Size and Age on Hedge Fund Performance: 1996 – 2011, Tielman (pictured) says small funds with assets of less than USD100m have outperformed large funds (those with assets of over USD500m) in 13 out of the last 16 years.
In addition, young funds (those started within the previous two years) had cumulative returns of 827 per cent since 1996, well beyond the 350 per
The Alternative Investment Management Association (AIMA), the global hedge fund association, has called for the establishment of a Ucits depositary “passport” regime in its position paper on the proposal for a Ucits V directive.
AIMA says institutions authorised by one European Union country to act as a Ucits depositary should be granted automatic rights to provide the same services throughout the EU. Currently, the directive limits the provision of depositary services to funds located in the same member state as the depositary institution.
Such a Ucits depositary “passport” would allow for cross border provision of depositary services, based on
Ramius, the alternative investment management business of Cowen Group, is partnering in Japan with GreensLedge Capital Markets and its affiliate GreensLedge Asia.
In September 2010, GreensLedge established GreensLedge Asia in Tokyo to provide advisory and institutional services to the Asian markets with an initial focus on Japan. GreensLedge Asia was created in partnership with Iku Nishino, who most recently served as J.P. Morgan’s head of fixed income sales in Japan.
Ramius has been engaged with Japanese investors since 2002 on a variety of its alternative products. This has been inclusive of direct relationships with institutional investors as well as private
Gottex Brokers has opened its first office in the US, focusing on brokerage services in the secondary market for alternative investments through its specialised entity Gottex Brokers Alternative USA.
Gottex Brokers Alternative USA (GBA USA), based in Los Angeles, will act as an intermediary between US institutional investors buying and selling secondary interests in hedge funds, private equity funds and real estate funds. It is a subsidiary of Gottex Brokers Alternative domiciled in Lausanne, Switzerland, whose dedicated and experienced team provides tailored broking services to the European and other non-US markets.
The secondary market for alternative investments enables sellers
Salus Capital Partners has provided a USD65m Debtor-in-Possession (DIP) credit facility to HMX Group, a designer, manufacturer and marketer of men’s and women’s business and leisure apparel.
The DIP financing will be used by HMX Group to provide working capital as the company operates under Chapter 11 of the US Bankruptcy Code.
“We are pleased to provide a DIP facility to HMX Group that provides the company with the liquidity, time and a runway to effectuate a transaction that seeks to maximise value for all of the company’s constituencies – its employees, management, shareholders, vendors, and the estate,” says
A total of 1,504 advisers to hedge funds and other private funds have registered with the agency since the Dodd-Frank Wall Street Reform and Consumer Protection Act mandated such registration.
While some private fund advisers previously registered with the SEC voluntarily, mandatory registration has given the SEC its first comprehensive look at advisers to these types of funds. Including the 2,557 private fund advisers who had registered previously, a total of 4,061 advisers to one or more private funds are now registered with the SEC.
“Prior to the Dodd-Frank Act, regulators only saw a slice of the pie but didn’t
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