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The gross return of the SS&C GlobeOp Hedge Fund Performance Index for September 2012 measured 1.11 per cent.
Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index declined 0.67 per cent in October.
"Inflows have remained steady, while outflows have spiked in line with quarter-end rebalancing," says Bill Stone, chairman and chief executive officer, SS&C Technologies.
Cumulatively, the SS&C GlobeOp Capital Movement Index for October 2012 stands at 148.50 points, a decrease of 0.67 points over September 2012. The index has advanced 11.05 points over the past 12 months.
The SS&C GlobeOp Hedge Fund Performance Index is
The hedge fund industry took in USD5.1bn (0.3 per cent of assets) in August, reversing a USD9.2bn outflow (0.5 per cent of assets) in July, according to BarclayHedge and TrimTabs Investment Research.
Based on data from 2,999 funds, the TrimTabs/BarclayHedge Hedge Fund Flow Report estimated that industry assets stood at USD1.7trn in August, down 28.7 per cent from their June 2008 peak of USD2.4trn.
“The inflows we saw in August could not mask the profound troubles facing the hedge fund industry this year,” says Sol Waksman, founder and president of BarclayHedge. “While the industry had inflows in four of the
The existing management team of Larch Lane Advisors, a specialist in early stage hedge fund investing and seeding, is to acquire the business from parent company Old Mutual Asset Management (US).
The transaction is expected to close by the end of 2012. Following the close of the transaction, Larch Lane will be 100 per cent employee owned and its management team, led by Mark Jurish, will continue to operate the business in the same manner as it is currently conducted, with no changes to its executive team, operating procedures, or investment philosophy.
"There is no better investment than in our
The Alternative Investment Management Association (AIMA), the global hedge fund association, has launched a Middle East initiative.
AIMA is seeking to create a network for managers and service providers in the Middle East that can give the local industry a voice in terms of engaging with investors and its relations with policymakers and regulators.
The initiative will be spearheaded by former AIMA chairman and current AIMA EMEA Regional Advisory Council member Sohail Jaffer of FWU Group, who is based in Dubai.
The focus of AIMA’s Middle East initiative will be investor engagement given the increasing interest in hedge funds
Reech AiM Group, the international asset management group specialising in absolute return strategies, has appointed Daniel Betts as client services director.
Based in London, Betts will oversee all client service functions including relationship management, sales support, marketing and market research. He will report directly to Christophe Reech, chief executive of Reech AiM Group.
Betts joins Reech from Aviva Investors, where he was most recently client relationship manager, responsible for providing client services to both wholesale and institutional clients, and sales support to the sales directors. Previously Betts was part of the investment sales support team at Aviva Investors.
Betts’ appointment
Asian hedge funds finally enjoyed a solid month of performance for September, gaining 2.48 per cent according to Eurekahedge: their best monthly return since February 2012 when they gained 3.46 per cent.
That now puts the region’s alternatives industry at +3.98 per cent YTD, with investors and managers alike no doubt hoping that a strong Q4 will make up for last year’s disappointing performance, when they ended the year down 8.22 per cent. Asia ex-Japan hedge funds did even better in September, up 3.97 per cent to leave them +5.80 per cent YTD. Hedge Fund Research’s figure for the region
Over 160 professionals from the Dutch financial alternatives community who attended a Gala dinner on 3 October have raised more than EUR100,000 for the Alternatives 4 Children foundation.
The money raised will enable the organisation to fulfil its prime objective of providing an alternative for children in need. The projects the foundation has chosen to support are:
• The Edelweiss school in Bangalore, India (www.theAlphaBetClub.org)
• The Scarab school in Mali
• Tiny Miracles in India (www.tinymiracles.com)
• Day For Change in The Netherlands (www.dayforchange.nl)
• Kamitei in Tanzania (www.kamitei.com)
The audience
Independent hedge fund managed account platform and risk analytics provider HedgeMark, an affiliate of BNY Mellon, has repositioned two of its managing directors to oversee business development efforts in specific regions of the world.
Jean-Francois Crousillat, a managing director at HedgeMark since January 2011, has been named head of business development for the Americas, while James F McKenna III, a managing director since September 2011, has been appointed head of business development for Europe, the Middle East and Asia (EMEA), as well as Asia ex-Japan. Both are new positions.
Crousillat and McKenna will report jointly to Steven Lonsdorf, head of
Hedge funds gained 1.79 per cent in September, according to the Barclay Hedge Fund Index compiled by BarclayHedge.
The index is up 5.99 per cent year to date.
“In spite of news that highlighted continuing economic deterioration in the US, Europe, and China, investors remained in mild risk on mode,” says Sol Waksman, founder and president of BarclayHedge. “Equity prices were higher on the month and the US dollar lost ground against the euro and the yen.”
Overall, 16 of Barclay’s 18 hedge fund indices gained ground in September.
The Barclay Emerging Markets Index was up 3.14 per cent, healthcare
Commonfund, an investment manager for institutional investors, has appointed Eric W Kolts as managing director in its commodities group.
Kolts will be based in Wilton, Connecticut and report to Tyler Stevens, managing director, commodities group.
“Eric is an important and timely addition to our commodities group as we broaden our tailored commodities investment solutions,” says Commonfund president and chief executive officer Verne O. Sedlacek. “Our commodities group has been together since 2005. Eric will be an instant fit. He will immediately add value to existing and new client relationships.”
In this newly created position, Kolts will participate in the development
