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Collas Day in Guernsey and Crill Canavan in Jersey are to merge in the spring of 2011. The combined law firms will be know as Collas Crill. The combined firm creates a new 15 partner Channel Island firm. The merger is intended to build on the strengths each firm has, in particular corporate and banking, investment funds, property, trusts and dispute resolution. Collas Day’s associated fiduciary business, the Guernsey Trust Company, will continue to service the Guernsey market. Collas Day IP Management will become Collas Crill IP Management, and Collas Day’s London office will support the combined legal practices. Chris
Apex Fund Services, a fund administration business, has appointed Thalius Hecksher as global head of business development. With responsibility for developing and managing Apex’s global sales and client relationships, Hecksher will report directly to Peter Hughes, managing director of Apex Fund Services. Based in Apex’s Ireland office Hecksher will provide support to all of Apex’s 21 international offices and operations.   With over USD15bn of assets under administration Apex Fund Services plans to significantly increase its AUA and break into the world’s top 25 of administrators within 12 months. As part of its strategy of locating offices alongside its clients
Turcan Connell, an investment, legal, financial and tax advisory firm, has launched an absolute return fund – the third in its stable of unitised investment funds. The Absolute Return Fund offers a number of advantages over traditional bespoke portfolios and complements the existing CF TC Balanced Portfolio and CF TC Income Portfolio funds. Capita Financial Managers is the authorised corporate director for all three funds.   Chief investment officer Haig Bathgate says: “We have launched our Absolute Return Fund in response to demand from our clients who are looking for an investment that is designed to deliver a steady positive
StormHarbour Partners, a markets and financial advisory firm, has launched a broker-dealer in Tokyo, established through the integration of NSH Securities into StormHarbour Partners. The new company, which is to be called StormHarbour Japan, is expected to be open for business on 1 December 2010, subject to regulatory approval. Led by Michimasa Naka as chief executive officer and managing principal, StormHarbour Japan will extend the momentum the firm has been building in Asia Pacific this year after establishing broker-dealers in Singapore and Hong Kong in the first quarter. StormHarbour Partners was founded in March 2009 and with the opening of
Autumn Capital Partners, Jericho Tax Lien Advisors and Eden Rock Capital Management have launched SPR Advisors to provide investors with access to US tax lien certificates. SPR brings together expertise in real estate, institutional fund management and investment technology. Investors are able to access SPR's strategies, which offer a short-dated portfolio with low correlation to major markets, directly and through fund products. Tax lien certificates are secured debt investments in US property tax receivables that rank senior to a first mortgage and carry a typical loan-to-value ratio of less than five per cent. The certificates are sold to investors by
The past week has seen a continuation of the broadly positive results from Australia’s absolute return and hedge fund sector, and with 94 per cent of single funds’ October returns recorded, the average performance (non-weighted) was 1.80 per cent for the month. Both year-to-date and over the past 12 months the sector has significantly outperformed what is shaping up to be a pretty lacklustre year for the ASX 200, according to statistics from Australian Fund Monitors.   Of interest is that there is not much difference between the performance of equity and non-equity results both for October, year-to-date, and over
Palaedino Asset Management, adviser to the Axiom Fund, and Alix Capital, provider of the Ucits Alternative Index, have launched the first investable Ucits alternative index. The Axiom Ucits Alternative Investable Index Fund is a Ucits III Sicav registered with the CSSF in Luxemburg offering weekly liquidity. The new fund aims to replicate the Ucits Alternative Blue Chip Index. The objective of this index is to provide a fair, reliable and unbiased representation of the Ucits absolute return performance. The index consists of a sample of the 50 top equally weighted Ucits hedge funds. The Blue Chip Index is rebalanced quarterly.
The Chartered Alternative Investment Analyst Association, an association for credentialed alternative investment professionals, will launch its 12th chapter in Paris on 7 December. The event is open to CAIA members, candidates and financial professionals in the alternative investment space. Francois-Serge Lhabitant, chief investment officer of Kedge Capital Fund Management and co-author of the CAIA Level II: Advanced Core Topics in Alternative Investments, will speak at the opening celebration. His presentation is titled "Hedge Funds: from leading edge to bleeding hedge and back." "We are delighted to close the year with the launch of CAIA France," says E. Craig Asche, executive
SEI has added absolute return strategies to its goals-based strategic portfolios with the aim of delivering further diversification and exposure to long-term capital growth whilst reducing risk. In addition to existing asset classes, such as equity, fixed income, liquidity and property, SEI has added a portfolio of absolute return strategies – equity long/short, equity market neutral, credit long/short, and global macro funds – which use the full investment capabilities of Ucits III. The SEI strategic portfolios are seven funds that embrace SEI’s goals-based investment philosophy, which combines modern portfolio theory with behavioural finance. Designed to meet a wide range of
BlueMountain Capital Management, a private asset management company specialising in the global credit markets, has appointed Louisa Strutt as director of business development.  Based in BlueMountain’s London office, where the firm employs nearly 20 executives, Strutt will implement business development strategies to attract institutional investors and consultants in the UK, Europe, the Middle East and Scandinavia.  She will also be responsible for client relationship management and will have input in product development.    “Louisa is a seasoned professional with a proven track record of business development for alternative asset managers,” says Stephen Siderow, president of BlueMountain Capital. “She comes to

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