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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
The top hedge fund managers and service providers in North America, as voted for by the readers of Hedgeweek…
Best Long/Short Equity Manager – CCI Technology Partners
Best Market Neutral Fund Manager – Phalanx Capital Management LLC
Best Relative Value Fund Manager – Titan Capital Group
Best Credit Fund Manager – Third Eye Capital
Best Distressed Securities Fund Manager – Avenue Capital Group
Best Convertible Arbitrage Fund Manager – Mohican Financial Management LLC
Best Managed Futures (CTA) Manager – Dunn Capital Management LLC
Best Fixed Income Manager – Rimrock High Income Plus Master
Phalanx Capital Management LLC is a Chicago-based hedge fund firm running approximately USD93million in AUM. The firm manages a market neutral volatility multi-strategy fund that invests in Japan, Asia ex-Japan and Australian markets; launched in April 2005, it currently has around USD56million in AUM.
Christopher S McGuire (pictuured), CEO and CIO, manages the trading of the Japanese and Asian portfolio. Prior to establishing Phalanx, McGuire managed the Japanese multi-strategy portfolio for Daiwa Securities America. McGuire has over 17 years experience in the Japanese and Asian markets. Masahide Hoshi is senior portfolio manager and operates out of Phalanx’s Hong Kong office.
