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WilmerHale has appointed Drew G L Chapman as a partner in the Securities Department and Investment Management Group and head of the Alternative Investment practice.
Chapman, who will be based in the firm’s New York office, expands the firm’s footprint with financial services clients through his in-depth experience in private fund formation and transactional work.
Chapman joins WilmerHale from Cadwalader, Wickersham & Taft LLP, where he served as the head of the Alternative Investment Group. His practice focuses on the alternative investment, asset management, and financial services industries, in which he has extensive transactional, structuring and fund formation experience. He
The hedge fund industry redeemed USD5.1 billion (0.3% of assets) in April, reversing a USD2.8 billion inflow in March, according to a report release by BarclayHedge and TrimTabs.
Based on data from 3,042 funds, the April TrimTabs/BarclayHedge Hedge Fund Flow Report estimated that industry assets stood at USD1.7 trillion in April, up 1.6% for the first four months of 2012.
TrimTabs and BarclayHedge reported that more than USD12.7 billion flowed out of the hedge fund industry between May 2011 and April 2012. There were net outflows in six of the 12 months. “That’s a sharp contrast from the previous 12
The DB Platinum IV dbX Millburn Multi-Markets Index Fund (the fund), a UCITS-compliant version of the Millburn Ridgefield Corporation (Millburn) Multi-Markets trading program, has improved liquidity terms and now offers daily dealing.
The fund, which recently marked its one-year anniversary, has attracted USD 108 million in assets since inception. It was originally launched with a weekly liquidity provision.
The fund provides investors with access to Millburn’s Multi-Markets trading program (“Multi-Markets”), offered through a European-based, regulated format and modified only as necessary to comply with UCITS constraints and requirements.
Multi-Markets, upon which the fund’s strategy is based, trades a diversified set
Neuberger Berman Group has launched the Neuberger Berman Absolute Return Multi-Manager Fund, which seeks capital appreciation with an emphasis on absolute returns by allocating its assets to multiple hedge fund advisers that employ distinct alternative investment strategies.
The Fund is the first such fund from an asset manager with the size and operational infrastructure of Neuberger Berman.
The Fund is managed by members of the Neuberger Berman Fund of Hedge Funds (FoHF) team and is the first time this team’s expertise is offered in a mutual fund. Unlike traditional hedge funds, the Fund provides daily liquidity, lower investment minimums (USD1,000
Key Investor Information becomes a reality in twenty days – and this is just the start. Martin Bock (pictured), Senior Manager, Funds Segment Strategy at RBC Dexia, comments…
Fund managers beware. Short and concise documents that explain to investors the investment objectives and risk profile of a product – pioneered through Key Investor Information (KII) documents under UCITS IV – are being taken up by regulators worldwide.
With just twenty days to go until KII becomes mandatory under UCITS IV, regulators are reacting to increasing calls for well-structured short-form documents that provide investors with straightforward information so they can evaluate a
International law firm Walkers has promoted 11 attorneys across its global network to partner, as part of its annual promotions process.
This significant expansion in the number of partners is to meet the growing needs of the firm’s clients. Walkers’ new partners are in the following offices and practice groups and their considerable expertise and experience will support the continued growth and success of the firm.
British Virgin Islands: Marianne Rajic (Investment Funds)
Cayman Islands: Ben Benson (Investment Funds, Caroline Heal (Investment Funds), Tim Ludford-Thomas (Investment Funds), Lindsay Luttermann (Dispute Resolution), Ramesh Maharaj (Finance & Corporate / Investment Funds),
Estlander & Partners has selected SEI to provide operational outsourcing services for the firm’s hedge fund business.
With a strong institutional investor base, Estlander sought an outsourcing partner with a proven institutional-quality infrastructure as well as the ability to provide daily reconciliation to support the firm’s systematic trading strategies.
This is the latest in a series of wins for SEI as more investment managers seek premier outsourcing providers that can provide them with the transparency, insight and support to make better decisions, eliminate risk, and provide valuable, accurate and timely information.
SEI will provide Estlander with a comprehensive suite
In its continuing effort to support the global hedge fund industry through education and advocacy, the Hedge Fund Association (the HFA) has appointed Adam J Steinberg, a financial communications consultant in Beijing, as the new director of the association’s China chapter.
Fluent in Mandarin Chinese, Steinberg advises companies on communications issues that affect reputation and market valuation. He has more than eight years of experience in mainland China and most recently, worked at Hill+Knowlton Strategies in Beijing where he counseled Nasdaq-listed Chinese company Tudou Holdings, among many others. He holds an MBA from CKGSB in Beijing; CKGSB’s alumni in China
Aquila Capital’s AC Spectrum Fund has achieved convincing returns since its launch one year ago. With assets under management (AUM) of over EUR 180 million, the Fund has been one of the fastest growing alternative UCITS funds and ranks amongst the largest alternative funds in the UCITS universe.
The AC Spectrum Fund has delivered a return of 4.62% since its launch in May 2011, whilst the Newedge CTA Index, which is regarded as a benchmark for the CTA universe, incurred losses of -1.06% over the same timeframe.
According to the independent Absolut Report, only 26.1% of alternative UCITS funds
Macquarie Investment Management (MIM) and Amundi, through Amundi Alternative Investments’ Managed Account Platform, has awarded an EUR80 million mandate to MIM’s Fixed Income and Currency team to trade G101 currencies actively.
For the past 20 years, Amundi, the second largest asset manager in Europe, has been a market leader in Hedge Fund investments for the benefit of its external clients and for its proprietary funds. Its sustained investment in staff and systems throughout this period is a demonstration of its commitment to this business and the resilience and innovation required to manage alternative assets through bull and bear market conditions.
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