Latest News
Hedge funds, as measured by the Dow Jones Credit Suisse Hedge Fund Index, finished September up 1.04 per cent, with eight out of 10 strategies in positive territory.
In total, the industry saw estimated outflows of approximately USD1.5bn in September, bringing overall assets under management for the industry to approximately USD1.77trn.
The fixed income arbitrage and equity market neutral sectors experienced the largest asset inflows on a percentage basis, with inflows in September equal to 0.95 per cent and 0.71 per cent of the August 2012 levels, respectively;
Event driven funds generated positive performance in September, with continued strength in
The SS&C GlobeOp Forward Redemption Indicator for October 2012 measured 3.19 per cent, down from 3.76 per cent in September.
"As we enter the last quarter, October forward redemptions follow the seasonal trend of being lower than September," says Bill Stone, chairman and chief executive officer, SS&C Technologies.
The SS&C GlobeOp Forward Redemption Indicator represents the sum of forward redemption notices received from investors in hedge funds administered by SS&C GlobeOp on the GlobeOp platform, divided by the AuA at the beginning of the month for SS&C GlobeOp fund administration clients on the GlobeOp platform.
Forward redemptions as a percentage
The Depository Trust & Clearing Corporation (DTCC) has appointed James Lee as managing director and head of enterprise computing, bringing more than two decades of leadership experience in information technology operations and software configuration to the company.
In this new role, Lee will oversee and guide strategy for the development of new computational products.
Additional areas of responsibility include identifying and mitigating risk within enterprise infrastructure and managing a 200-employee department dispersed across five global offices. He will report to Robert Garrison, managing director and chief information officer.
“I couldn’t be more excited to have someone of James’s calibre and
Vietnam’s Dragon Capital will look to consider converting its Viet Fund Management unit’s five funds, totalling USD120million in AUM, into UCITS-compliant open-ended vehicles whe
Alternative asset management group Gottex Fund Management’s core products have continued to generate positive return for the year to date, according to the firm’s trading statement for the Q3 2012.
Alternative asset management group Gottex Fund Management’s core products have continued to generate positive return for the year to date, according to the firm’s trading statement for the Q3 2012.
In particular, the flagship fund of hedge fund products have outperformed their benchmark year to date.
Gottex says it has continued to see exceptional performance by alternative credit strategies, which are up 9.1 per cent year to date, and equity
SS&C Technologies has acquired Texas-based Hedgemetrix, a boutique full-service fund administrator providing accounting, tax, and consulting services to domestic and offshore hedge funds, private equity funds, funds of funds and their investment managers.
Upon completion of the acquisition Hedgemetrix will operate as part of the SS&C GlobeOp business.
SS&C’s latest acquisition strengthens SS&C’s global fund administration business, SS&C GlobeOp, establishes a presence for the company in Dallas and gives SS&C GlobeOp local expertise to offer fund services in the Southwest region.
“This is an exciting growth story for us,” says Jacqueline Freeman, co-founder, Hedgemetrix. “We are thrilled to
Kinetix Trading Solutions, a technology solutions provider to capital markets firms, has hired Tim Mund as its global head of sales and marketing.
The Princeton, New Jersey based firm is expanding with focused efforts on revenue growth and branding in order to keep up with customer demand, especially in the area of Dodd-Frank Act compliance for investment banks and hedge funds.
Mund joins the firm with nearly 20 years of technology sales and marketing experience, the last decade of which has been focused on the financial industry. His prior work at Recognia, 29West (now part of Informatica), Solace Systems and
Amundi has extended its range of volatility funds with the launch of Amundi Funds Absolute Volatility Arbitrage Plus.
This Ucits IV-compliant sub-fund of the Luxembourg SICAV Amundi Funds offers investors an original solution, providing diversification and decorrelation compared to other asset classes.
Amundi Funds Absolute Volatility Arbitrage Plus aims to generate an annual performance of over EONIA capitalised four per cent, over a minimum investment horizon of three years and with a maximum risk budget of VaR eight per cent.
Volatility, seen by Amundi as an asset class in its own right, enables performance generation by tapping opportunities arising
SAIF Partners, one of China’s biggest domestic private equity firms with around USD4billion in assets under management, plans to launch a Greater China hedge fund reported Reuters this week. This would make it the first Chinese PE firm to move into the hedge fund space, although the plans are still very much at an early stage.
If and when it launches, the SAIF Partners Greater China Fund will, as seems the perennial norm for so many Asian hedge funds, adopt a long/short equity strategy. Former World Bank economist Andrew Yan, who leads the firm, made no mention of start-up capital
Etops, a provider of middle office outsourcing and consultancy solutions, is expanding its business activities to Geneva.
Arnold de Christen will be taking over the management of the newly established branch and customer care for clients in French-speaking Europe.
At the same time Etops is strengthening its sales team with Roberto Masciadri as head client solutions. In addition, the company has created an advisory board.
Two and a half years after its foundation Etops now has 23 employees at its locations in Pfäffikon SZ and Bratislava/Slovakia.
“The expansion in personnel, the two additions at management level, our geographical expansion and
Special Reports
FeatureD
- Insight
