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The gross return of the GlobeOp Hedge Fund Performance Index for May 2012 measured 0.43%. Year-to-date (YTD) performance is 4.15%, while over the last 12 months, the index has returned 2.25%. Since inception performance stands at 65.31%.
The GlobeOp Hedge Fund Performance Index is an asset-weighted, independent monthly window on hedge fund performance. On the 10th business day of each month it provides a flash estimate of the gross aggregate performance of funds for which GlobeOp provides monthly administration services. Interim and final values, both gross and net, are provided in each of the two following months, respectively. Online data
Antony Burgess has assumed the role of Head of Sales, Marketing and Client Services at Veritas Asset Management.
Burgess has been with the firm since the beginning of 2009 when he joined as Institutional Sales Director.
Richard Grant (pictured), Chief Operating Officer at Veritas, says: “Antony is a highly experienced sales director and we are confident that under his guidance that our seven strong client-focused team will continue to provide a high quality sales and support service.”
Veritas has also announced that Richard Meyrick has decided to leave the firm. During his 4.5 years with Veritas, Richard, as Director,
Private markets are a key part of the global financial investment universe. In terms of the economy as a whole, they are important for ensuring growth, and they offer professional investors a wealth of investment opportunities, according to the Swiss Funds Association (SFA).
These days, the largest investment portfolios are privately placed and held. The redirection of international and asset-class-specific capital flows since the outbreak of the financial crisis has opened up attractive investment opportunities for professional investors in the private markets segment. Supposedly risk-free government bonds or investments in financial institutions increasingly entail higher risks. When it comes to
Evergreen Pacific Partners (Evergreen) has acquired Thermal Dynamics, an Ontario, California-based supplier of advanced technology heat exchangers for the automotive, truck, motorcycles, and military equipment industries.
Evergreen’s acquisition will provide Thermal Dynamics access to significant capital and strategic resources positioning the company for further growth. The Thermal Dynamics’ senior management team will remain in place and work with Evergreen to expand market share and continue the development of new products.
“Through the support of Evergreen’s financial resources and operating backgrounds, as well as their impressive track record of success, we are laying the foundation for our continued success and
A Bill to amend the BVI Business Companies 2004 (the BC Act) has been introduced in the BVI’s House of Assembly. The Bill, and the BVI Business Companies Regulations 2012 (“Regulations”), have also been published in the official BVI Gazette.
The resulting BVI Business Companies (Amendment) Act 2012 (Amendment Act), along with the Regulations, are expected to come into force towards the end of this year.
The Amendment Act and Regulations are the result of the first comprehensive review of the BC Act since it came into operation seven years ago. While most of the reforms are relatively minor and
Miles Geldard, co-manager of the Jupiter Strategic Reserve Fund comments on the institutional fund’s outlook…

The strong rally in risk assets triggered by the ECB’s massive action to avert a liquidity (and solvency) crisis has run its course. However, when it comes to making progress towards a unified politico-economic solution to the eurozone’s fiscal fracture, Germany’s behaviour is instructive. Rather than throw a lifebelt to a drowning man it insists he takes swimming lessons. In contrast, the IMF, that arch advocate of austerity, has warned Europe that excessively punitive measures are counterproductive to economic growth.


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The Commodity Futures Trading Commission’s (CFTC) Division of Market Oversight has certified a Dow Jones Industrial Average Futures contract submitted by the Osaka Securities Exchange (OSE).
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 OSE’s direct access terminals located in the US.
Jonathan Sorrell, currently Man’s Head of Strategy and Corporate Finance, is to replace Ken Hayes as Finance Director with immediate effect. Hayes, who joined Man in 2007, is leaving the company to pursue other professional and personal interests.
Jon Aisbitt (pictured), Chairman of Man, says: “I would like to thank Kevin on behalf of the Board for his contribution as Finance Director over the past five years and wish him every success for the future. Jonathan’s appointment follows a rigorous process to identify the best possible candidate. Since he joined the company, he has demonstrated the strong all round financial and
New hedge fund launches in Q1 2012 increased to a level not reached since 2007 as hedge fund capital rose to a record level of USD2.13 trillion, according to the latest Market Microstructure Industry Report, released today by HFR (Hedge Fund Research)
New fund launches totalled 304 in the first quarter, narrowly eclipsing the 298 launches in 1Q11 for the highest quarterly total since Q4 07. Hedge fund liquidations also increased during the first quarter, with 232 funds closing, the highest quarterly liquidation total since 240 funds closed in 1Q10. Fund of Hedge Funds (FOF) continued to experience a contraction
Poor management and settlement of insurance claims remains one of the biggest concerns for hedge fund managers, according to Baronsmead Partners’s Hedge Fund Insurance Benchmarking Trends 2012 Survey.
Some of the main problems identified by managers include delays in claims payment due to the structure of the policy. Managers also took issue with excessive exclusions and the outsourcing of claims handling to a third party/regional office.
Another key finding is 82% of hedge fund managers said they purchased Professional Indemnity (PI) insurance, compared to 2010 when only 64% of hedge fund managers took out the cover. The AIFM
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