Latest News
GLG Partners, the investment manager division of Man Group, has made a series of appointments in Asia to form a long-short equities team focused on fundamental stock picking.
Based in Hong Kong, the team will be co-managed by David Mercurio, head of Asia equity and co-head of global equity strategies, and Ben Freischmidt, risk specialist.
Mercurio joined GLG in September last year from the Government of Singapore Investment Corp, while Freischmidt joined in March 2012 from Singapore-based LionRock Capital, which he co-founded and helped run as chief operating officer.
Under Mercurio and Freischmidt will be four sector specialists: David Walsh,
Hermes BPK Partners has acquired the USD100m Caliburn Greater China Fund.
The fund will be integrated into Hermes BPK’s suite of hedge fund solutions and will be renamed the Hermes BPK Greater China Fund.
The fund is a thematic multi manager hedge fund which aims to deliver attractive risk adjusted access to the Chinese market and has outperformed the peer group of Asian fund of funds since inception for a comparable level of volatility.
It aims to provide investors with opportunities that may not be available through long-only investing.
The existing team will continue to advise on the fund
Gottex Fund Management plans to hold an extraordinary general meeting on 8 August 2012 for the purpose of considering a proposed share buyback which was recently approved by the company’s board of directors.
The objective of the share buyback programme – which will be proposed at the EGM and is subject to shareholders’ approval – is to offset the dilution effect of the newly to be issued shares which form part of the consideration contemplated by the recently announced Penjing acquisition.
The key parameters of the proposed programme are as follows:
The maximum number of company shares authorised to be
MSCI, a provider of investment decision support tools, has launched the Barra China Equity Model (CNE5), which captures the short and long term dynamics of the Chinese local market and includes the latest advances in risk methodology.
The enhanced model captures the new reality of the Chinese equity markets particularly the richness of the market factor structure, and provides more explanatory power than its predecessor.
Zhen Liu, managing director of E Fund Management, an MSCI client, says: “The Barra China Equity Model CNE5 is a major improvement over its predecessor, CHE2, with better industry classifications, new China-specific factor set, and
In a report produced as part of the Newedge research chair on Advanced Modelling for Alternative Investments, Edhec-Risk Institute has evaluated the performance of hedge funds through a non-linear risk adjustment of returns.
This methodology is applied to various hedge fund indices as well as to individual hedge funds, considering a set of risk factors including equities, bonds, credit, currencies and commodities.
The research findings suggest that what was incorrectly measured as hedge fund alpha in previous studies is actually some form of fair reward obtained by hedge fund managers from holding a set of relatively complex linear and non-linear
JP Morgan Worldwide Securities Services (WSS) has launched its tax calculation reporting service for UCITS funds distributed into the UK the firm announced this week.
The Alternative Investment Management Association has expressed support for the elimination of the ban on general solicitation and advertising by hedge fund managers in the US, but has said that only accredited investors should continue to be allowed to invest in hedge funds.
The Alternative Investment Management Association has expressed support for the elimination of the ban on general solicitation and advertising by hedge fund managers in the US, but has said that only accredited investors should continue to be allowed to invest in hedge funds.
In its response to the US Securities and Exchange Commission (SEC) ahead of the
Meridian Fund Services has been named as "Best North American Hedge Fund Administrator" at the Hedgeweek USA Awards 2012.
The Hedgeweek USA Awards honour the US industry’s best hedge fund managers and service providers.
The winners are decided by the votes of Hedgeweek’s nearly 20,000 US-based subscribers, who include institutional and high net worth investors, hedge fund managers, and other industry professionals at firms including prime brokers, custodians, advisers, and administrators.
"We’re thrilled to win this award, especially as this is voted for by Hedgeweek’s readership," says Meridian chief executive Tom Davis. "We feel this vindicates our decision to open
SEB has appointed Peter Herrlin as the new head of the Swedish bank’s prime brokerage division in London.
Herrlin, who joined SEB in 2010, succeeds Atilla Olesen who has transferred to Denmark to take up a position as head of Enskilda equities with SEB.
Upon joining SEB Prime Brokerage in 2010 Herrlin worked with UK and European hedge fund sales, securities finance and SEB Prime Solutions, SEB’s Ucits platform. SEB launched Prime Solutions in late 2010 and under his stewardship the platform has since grown to seven funds.
Herrlin says: “I am very excited to be taking on
The HFRI Emerging Markets: Asia ex-Japan Index gained 0.75 per cent in June, compared to an anemic 0.05 per cent return for the broader industry, according to He
Special Reports
FeatureD
- Insight
