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Anchin, Block & Anchin has added three new partners – Jared Feldman, Michael Mazzola and Anthony Bracco – as of 1 October 2012.
Anchin, Block & Anchin has added three new partners – Jared Feldman, Michael Mazzola and Anthony Bracco – as of 1 October 2012.
With these additions, Anchin has a roster of 53 partners and principals who provide advisory services to clients representing all of the major industries represented in the Tri-state area.
Feldman (pictured) is an accounting and audit partner and a member of the firm’s family office/high net worth services group. He has more than 15 years
The Hennessee Hedge Fund Index increased 1.26 per cent in September and is up 5.03 per cent year-to-date.
The S&P 500 gained 2.42 per cent (+14.56 per cent YTD), the Dow Jones Industrial Average advanced 2.65 per cent (+9.99 per cent YTD), and the Nasdaq Composite Index increased 1.61 per cent (+19.62 per cent YTD).
Bonds were also up, as the Barclays Aggregate Bond Index increased 0.14 per cent (+4.00 per cent YTD).
“Despite generally disappointing economic data in the US, the Fed’s announcement of additional monetary stimulus encouraged investors to increase risk tolerance and led to a market
Warren Ashenmil, who managed the commercial-mortgage backed securities and commercial real estate portfolio for multi-strategy credit fund Tricadia Capital since 2008, has left to start his own hedge fund called Jerica Capital.
Jerica will invest in CMBS and related securities. Those securities could include commercial real estate CDOs and resecuritisations, as well as debt and equity issued by real estate investment trusts. The fund also will take positions in the CMBX index and employ other hedges, including credit and equity index options.
Before joining Tricadia, Ashenmil was at Marathon Asset Management for approximately two years, originating structured products investments
Beach Horizon, a London-based hedge fund trading a global portfolio of commodity, financial and foreign exchange markets, has deployed Navatar Hedge Fund Cloud to manage its fundraising and investor relations.
"Beach Horizon uses state-of-the-art technology for all aspects of its operations," says Edward Sutro, head of investor relations for Beach Horizon. "Navatar’s CRM for hedge funds provides us the best tools to efficiently serve our investors."
Navatar Hedge Fund Cloud helps manage operational functions, including investor subscriptions and redemptions, fund offering and returns, security holdings and trades, fund exposure and risk. It provides a great opportunity to take control of
The average large hedge fund outperformed the average small fund in the negative performance years of 2008 and 2011, according to a study from PerTrac.
Impact of Size and Age on Hedge Fund Performance: 1996 – 2011, shows that during the 41 months since 1996 in which hedge funds of all sizes posted negative performance results, the average large fund lost less than the average small fund in 61 per cent of these monthly periods.
The study, which uses 15 global hedge databases, including five distinctive dead hedge fund databases to analyse the 2011 hedge fund universe, also shows that
Guernsey Finance has welcomed the announcement from the island’s government that it is seeking to negotiate a partnership agreement with the US to implement the Foreign Account Tax Compliance Act (FATCA).
The governments of Guernsey, Jersey and the Isle of Man have simultaneously announced their intention to negotiate their own individual agreements which will follow the model intergovernmental agreement published by the US Government on 26 July 2012 and will be similar in form to the agreement between the UK and the US signed on 12 September 2012.
Fiona Le Poidevin (pictured), chief executive of Guernsey Finance – the promotional
Agecroft Partners, the hedge fund consulting and third party marketing firm, plans to add an additional hedge fund manager to the platform of hedge funds it represents during the fourth quarter.
While many competitors and hedge fund managers have struggled to raise assets, Agecroft Partners is on track to raise over a billion dollars in 2012.
The majority of the assets Agecroft has raised over the past year have come from pension funds and endowments, however it has also been successful in raising assets from family offices and funds of funds in Europe and North America.
“One of the challenges
Profits at Winton Capital Management, the UK-based hedge fund founded by trader David Harding, jumped 23 per cent last year to GBP162m, according to the firm’s accounts for 2011.
The rise came on the back of an increase in assets under management of GBP6.9bn (USD11bn) – a rise of almost 65 per cent – during the year.
Harding, who recently publicly revealed a personal annual tax bill of GBP34m for 2011 on reported earnings of GBP84m, owns 57 per cent of Winton Capital Management, the firm he set up in 1997 as a commodity trading advisers hedge fund.
Hedge funds appear to be moving aggressively to take down costs associated with their trading desks in the midst of a prolonged period of depressed trading activity, according to the results of a study by Greenwich Associates.
To assist institutions in assessing and improving the operation of their trading desks, Greenwich Associates conducted a study of 232 head traders and traders at a variety of buy-side institutions, including asset management firms, corporate treasuries, pensions, endowments, hedge funds, banks and insurance companies. Greenwich Associates asked participants about the organisational structure, staffing levels, budgets and operations of their trading desks.
Forty
The Isle of Man’s Department of Economic Development has appointed John Spellman as director of financial services with immediate effect.
Colin Kniveton, chief executive officer of the Isle of Man’s Department of Economic Development, says: “John has worked with the department for a number of years in a special advisor role and going forward he will work with an increased focus on the finance sector to drive its development. He has wide experience across many financial services sub sectors and disciplines and latterly has worked with the Isle of Man Government on generating strategic opportunity for the industry.”
Spellman
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