Latest News
SEB’s Dynamic Manager Alpha fund is now accessible to retail investors via a new Ucits format.
Launched in 2005 as a managed account, the strategy has a seven year track record, returning consistent positive growth every year since inception.
The fund was launched in Luxembourg Part II format in 2008 and received a gold rating from S&P in 2011, with current AUM of USD170m.
Kerstin Cooley (pictured), senior product manager, hedge funds at SEB, says: “As retail investors become more sophisticated and independent in making their investment decisions, they continue to ask for access to institutional products which offer
Lumina Investments, founded and managed by three North Carolina college students, has opened its first hedge fund that seeks to capitalise on the growing influence of "macro events" on the behaviour of global financial markets.
"Globalisation has increased correlation and volatility among international financial markets. We believe there is upside investment opportunity through a strategy founded on understanding international developments and their global impact," says Elliot Carol, chairman and principal managing partner of Lumina Investments.
Lumina’s new fund will invest directly and indirectly into markets that are affected by international political and economic volatility using equities, commodities, fixed income and
OVS Capital, the European equity focused event driven investment manager, has added two new members to its business team.
Robert Moore joins OVS to manage treasury and finance. Moore previously spent over 14 years at GLG Partners as a manager on the equity finance team where his responsibilities included evaluating counterparty risk, reducing financing costs, foreign exchange execution and stock loan. In his role at OVS he will be focused on counterparty exposure, monitoring financing costs and cash management.
Yvonne Daffy joins OVS as a fund accountant. Between 2010 and 2012, Daffy worked at Morgan Stanley Fund Services as
There’s not been a lot to shout about, aside from the odd high profile fund launch, for Asia’s hedge fund industry this year.
The US Commodity Futures Trading Commission has filed a notice of intent to revoke the registrations of Gordon A Driver and Axcess Fund Management.
Driver, a resident of Las Vegas, Nevada, is registered with the CFTC as an associated person and is the sole principal of Axcess Fund, which is a registered commodity pool operator.
The CFTC’s notice alleges that Driver and Axcess Fund are subject to statutory disqualification from CFTC registration based on the 5 July 2012 summary judgment order and the 12 July 2012 final judgment and permanent injunction order entered by the US District Court for the
RBC Investor Services has launched a Global Derivatives Platform for listed and OTC derivatives.
This single platform and operating model was developed to deliver middle and back-office services to listed and over-the-counter (OTC) derivatives for a wide range of global clients.
RBC Investor Services’ clients are increasing their investments in listed and OTC derivatives using a convergence of traditional and alternative investment strategies. Client migrations to the platform have already begun and will continue in 2013 with the integration of the new central clearing requirements in the global operating model.
“This is a robust, scalable, and flexible application that enables
The Commodity Futures Trading Commission’s division of market oversight has issued a letter advising the Bolsa de Valores, Mercadorias e Futuros (BVMF-Brazil) that its S&P 500 Index futures contract submitted for review on 9 August 2012 has been deemed certified.
The contract satisfies the requirements of the Commodity Exchange Act and the Commission’s regulations and may be offered or sold to persons in the US through the BVMF’s direct access terminals located in the US.
Palmer Square Capital Management, an investment management firm that provides portfolios of hedge fund strategies, has appointed Emily Colella as a managing director responsible for business development.
Colella’s primary focus will be on expanding Palmer Square’s presence within the institutional channel. She will also play a key role in guiding the firm’s product development plan.
Colella draws upon her past experience in similar roles, including institutional client service and business development positions at SSI Investment Management, Artisan Partners and Wilshire Associates.
Christopher D Long, president of Palmer Square Capital Management, says: "Emily has a very successful track record of enhancing
GSO/Blackstone, part of the credit platform of Blackstone, has priced the initial public offering of Blackstone/GSO Strategic Credit Fund.
The fund’s primary investment objective is to seek high current income, with a secondary objective to seek preservation of capital, consistent with its primary goal of high current income.
The fund began trading on the New York Stock Exchange (NYSE) today under the symbol BGB.
The fund raised USD834.8m in its common share offering, or USD960m assuming the full exercise of the underwriters’ overallotment option, which may or may not occur. GSO/Blackstone Debt Funds Management, a subsidiary of Blackstone, is the
Liontrust Asset Management, the specialist independent fund management group, saw net positive inflows of GBP88m in the current quarter, compared with inflows of GBP46m for the three months ending 30 September 2011.
Net positive inflows in the financial year to 24 September 2012 total GBP181m (six months ending 30 September 2011: GBP59m).
During the same period, assets under management increased to GBP2,364m as at close of business on 24 September 2012 from GBP1,529m on 31 March 2012.
John Ions (pictured), chief executive of Liontrust, says: “Another positive six months of fund flows and performance continues to drive our business forward.
Special Reports
FeatureD
- Insight
