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PineBridge Investments, a multi-asset class investment manager, has selected Bahrain as the location for its Middle East and North Africa headquarters.
PineBridge is an independent asset manager with over USD67bn of assets under management for institutional and individual clients across a platform of listed equity, fixed income and private equity and hedge fund strategies.
PineBridge has hubs in New York City and Hong Kong, and offices in over 20 countries.
PineBridge has received a Category 1 license from the Central Bank of Bahrain and is currently in the process of establishing its regional headquarters in Manama.
The new firm, PineBridge
Singapore Exchange is enhancing the rules to strengthen its default management framework to protect its derivatives market against systemically destabilising events, which include the possibility of multiple member defaults.
This enhancement follows a public consultation issued in September 2011.
Clearing houses globally have been called upon to provide greater clarity and transparency in their default management practices. Their members would like to have more certainty with regard to their obligations in the event of default of other participants.
The move to make it mandatory to clear over-the-counter derivatives through a central counterparty by early 2013 concentrates more risks in
Institutional investors can now trade Turkish listed securities through Liquidnet’s platform.
Institutional investors can now trade Turkish listed securities through Liquidnet’s platform.
Liquidnet now provides access to 40 equity markets. Trades of Turkish equities will be executed via Liquidnet’s appointed local broker on the Istanbul Stock Exchange.
“The Turkish economy has shown strong signs of growth despite global macro volatility, capturing the interest of portfolio managers globally,” says Per Lovén (pictured), head of corporate strategy for Liquidnet Europe. “As Turkey continues on its path to becoming a regional financial powerhouse, institutional investors looking to unlock value in Turkish growth
Hedge funds, as measured by the Dow Jones Credit Suisse Hedge Fund Index, finished May down 0.40 per cent, with five out of 10 strategies in positive territory.
In total, the industry saw estimated outflows of approximately USD2.53bn in June, bringing overall assets under management for the industry to approximately USD1.73trn.
The equity market neutral and fixed income arbitrage sectors experienced the largest asset inflows on a percentage basis in June, with inflows of 0.93 per cent and 0.43 per cent from May 2012 levels, respectively.
Long/short equity funds posted positive performance as June was somewhat of a "risk-on" month
Paskewitz Asset Management has listed its S&P Contrarian Program as a TransparentFund on AlphaMetrix, an online marketplace for private investments.
As a TransparentFund, the Paskewitz S&P Contrarian Program is now visible to the AlphaMetrix network.
Paskewitz will retain its existing structure and service providers while offering investors risk monitoring, reporting, customised transparency and a background investigation via AlphaMetrix.
"We are happy to list our S&P Contrarian Program on AlphaMetrix,” says Bradford Paskewitz, founder and chief executive of Paskewitz Asset Management. “AlphaMetrix, which has an excellent reputation in the industry, provides investors with value-added trading transparency as well as an additional
Entrepreneur Partners has launched its second long/short hedge fund on its platform, the Trias L/S Fund.
The fund will apply macroeconomic and fundamental stock analysis to a universe of liquid German, Austrian and Swiss companies.
The strategy encompasses event-driven, momentum and value approaches to equity investing. The portfolio’s exposures will be actively managed on a continuous basis, and include short-term trading alongside longer-term holdings.
The Trias L/S Fund is managed by Kilian Kentrup, who until recently worked as co-portfolio manager for the Rhine Alpha Funds at RBR Capital. The fund aims for an annual volatility of around 12 per cent.
San Diego-based Brandes Investment Partners has launched a Dublin-domiciled emerging market equity fund reported Citywire Global this week.
The GlobeOp Forward Redemption Indicator for July 2012 measured 2.18 per cent, down from 3.71 per cent in June.
"Forward redemptions remain low, this month’s percentage being one of the lowest in the history of the Indicator,” says Bill Stone, chairman and chief executive officer, SS&C Technologies.
The Indicator represents the sum of forward redemption notices received from investors in hedge funds administered by GlobeOp, divided by the AuA at the beginning of the month for GlobeOpfund administration clients.
Forward redemptions as a percentage of GlobeOp assets under administration have trended significantly lower since reaching a high of 19.27 per
Imagine Software, a provider of cloud-based portfolio and risk management solutions, has launched the Imagine Financial Platform (IFP) and the Imagine Marketplace.
With these offerings, Imagine provides a cloud-based environment enabling financial institutions, service providers, consultants, and other third parties to use, create, and distribute applications—Imagine Apps—that leverage, customise, and extend the Imagine Trading System.
The Imagine Financial Platform leverages the full set of capabilities native to Imagine including its analytics and data universe to allow for the creation of apps that fulfil mission-critical business needs in areas such as regulatory requirements, compliance, portfolio performance and monitoring, workflow automation, and
Van Eck Associates has acquired a hedge fund beta business and team from Lyster Watson, and will be offering a suite of strategies called Trackers.
Trackers are hedge-style beta strategies based on indexes developed using a patented methodology and proprietary intellectual property.
Each index seeks to capture the beta of a specific hedge fund strategy, and the Trackers team focuses only on those hedge fund strategies whose returns can be statistically replicated using tradable risk factors represented by US-listed ETFs.
The team believes that not all hedge fund strategies are conducive to this approach.
The Trackers business currently includes the
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