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Alternative UCITS enjoyed further improvements in demand in Q2 2012, according to the first in a series of quarterly reviews of the UCITS sector produced by independent structuring specialis
Cheyne Capital Management (UK) has appointed Arron Taggart to its real estate debt team.
Taggart is joining Cheyne as loan originator in the real estate debt team, which is headed by Shamez Alibhai and Ravi Stickney.
Shamez Alibhai (pictured), partner at Cheyne Capital, says: “Arron’s significant experience across the real estate sector will help us to develop our loan origination strategy in the UK and Northern Europe. He will be a great asset to the team as we continue to develop our real estate debt activities and take advantage of the investment opportunity arising from the dislocation in the
The Lyxor Hedge Fund Index gained 0.4 per cent in August with 11 of the 14 Lyxor Strategy Indices ending the month in positive territory.
The highest performing indices were the Lyxor L/S Credit Arbitrage Index (+1.5 per cent) and Lyxor L/S Equity – Long Bias Index (+1.5 per cent).
Markets in August extended their bullish course from July, supported by better than expected economic news flow and a sentiment of upcoming monetary stimulus in the US and the EU. Driven by hopes of additional non-conventional policy measures, the summer eventually proved to be calm, marked by a strong decrease
The total value of funds business in Guernsey grew by GBP711m (0.3 per cent) during the second quarter of the year.
New figures from the Guernsey Financial Services Commission (GFSC) show that the second quarter increase has built on the GBP9bn growth during the first quarter of the year to take the total net asset value of funds under management and administration in the island to GBP270.8bn at the end of June 2012.
This represents a decrease of GBP3.6bn (1.3 per cent) year on year but is up GBP46.6bn (20.8 per cent) on the same time two years ago and
Ardel has put in place a new senior management team as it looks to further grow the range of trust, corporate and fund administration services it offers its international client base.
Rick Brooks (pictured) has been made chief executive officer of Ardel. Having joined the company as chief operating officer in 2004, Brooks will take on overall responsibility for strategic and tactical corporate development, product development, strategic business intelligence and operational management across Ardel’s business areas and jurisdictions.
With over 30 years’ experience in fiduciary management, private banking administration and relationship management, Brooks has worked for over 20 years in
The Dow Jones Credit Suisse Core Hedge Fund Index closed up 0.56 per cent in August as five of the seven index component strategies reported positive results.
Long/short equity (1.66 per cent) and global macro (0.88 per cent) were the top performing strategies, while managed futures (-2.01 per cent) and emerging markets (-0.15 per cent) were the worst performers and the only two strategies in negative territory.
The Dow Jones Credit Suisse Core Hedge Fund Index provides daily published index values which seek to enable investors to track the impact of market events on the hedge fund industry.
Hedge fund managers tracked by the AlphaClone Hedge Fund Long/Short Index distanced themselves from financial sector investments in the second quarter, representing a steep reversal from the previous quarter in which financials were the index’s most overweight sector relative to the S&P 500.
“The bearish stance may illustrate conviction among hedge funds that financials are fully valued at these levels, especially in light of various high profile scandals that affected the sector negatively,” says Mazin Jadallah (pictured), chief executive of AlphaClone.
Notable financial companies in which the index has sold out include Citigroup, JP Morgan Chase and Hartford Financial. Despite
Hedge funds are continuing to develop risk management practices that fit the needs of investors and fund managers alike, according to a study from the Managed Funds Association, BNY Mellon, and HedgeMark.
The study, entitled “Risk Roadmap: Hedge Funds and Investors’ Evolving Approach to Risk,” uses qualitative and quantitative data collected from the chief risk officers of global hedge funds, institutional investors, prime brokers, and other industry participants.
The data demonstrates the industry’s increasing focus on risk management and transparency. According to survey results, hedge funds project that five years from now 41 per cent of investor reporting will be
Nomura, one of Asia’s leading investment banks, has teamed up with global alternative investment manager Man Group Plc to launch the Nomura Man Systematic Fixed Income Fund.
The fund will provide daily liquidity and aims to generate double-digit annual returns. The underlying strategy, managed by Man Systematic Strategies (MSS), attempts to capture directional opportunities in emerging and developed swap, futures and FX markets. In total 50 markets are targeted, using around 300 systematic trading signals partly developed and traded by AHL, Man Group’s flagship CTA fund, and partly developed by MSS. Andre Rzym oversees the strategy. Ryzm, who has over
Envestnet, a provider of technology-enabled wealth management solutions for investment advisers, has formed a hedge fund research alliance with Fund Evaluation Group (FEG), an institutional investment consulting firm.
The alliance complements the research on separate account managers, mutual funds, ETFs and liquid alternative investments on the Envestnet platform, powered by Envestnet | Prima.
As part of this partnership, advisers will have access to research and due diligence reports on more than 40 hedge funds and hedge fund of funds that are covered by FEG. The research will be available on the Envestnet platform. Advisers will be able to leverage research
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