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Forty one per cent of Nordic investors are increasing their allocations to hedge funds, according to SEB’s Nordic Hedge Fund Investor Survey. During 2009, 68 per cent of all investments were made in non-Nordic hedge funds. Long/short equity and global macro are the strategies that the investors expect to perform the best during 2010. The most common way to find hedge funds is through capital introduction teams, used by 76 per cent of the investors. Investors that have mandate to allocate zero to 30 per cent of their total assets represent 80 per cent of the investors, excluding fund of
HedgeServ, a fund administrator for the alternative investment industry, has upgraded its client base to the latest version of SunGard’s Front Arena.  A multi-asset solution providing trade capture, real-time P&L and desk-level risk, Front Arena helps hedge funds, traditional asset managers and other alternative investment managers identify risk and exposure. With offices in New York, Dublin and the Cayman Islands, HedgeServ has been extending Front Arena’s portfolio management and risk capabilities to its client base since early 2009. With the latest upgrade to Front Arena, HedgeServ and its clients will have access to enhanced functionality for pricing commodities and FX
NYSE Euronext plans to launch NYSE Blue, a joint venture that will focus exclusively on environmental and sustainable energy markets.    NYSE Blue will include NYSE Euronext’s existing investment in BlueNext, a spot market in carbon credits, and APX, a provider of regulatory infrastructure and services for the environmental and sustainable energy markets.  NYSE Euronext will be a majority owner of NYSE Blue and will consolidate its results.  Shareholders of APX, which include Goldman Sachs, MissionPoint Capital Partners, and Onset Ventures, will take a minority stake in NYSE Blue in return for their shares in APX.  Subject to customary closing
The Lyxor Hedge Fund Index was up 0.05 per cent in August, bringing its year-to-date performance to 0.84 per cent. The top performing strategies over the month were Lyxor CTA Long Term Index (3.86 per cent), convertible bonds and volatility arbitrage (1.95 per cent) and L/S equity short bias (1.25 per cent). The worst performing strategies were L/S equity long bias (-1.48 per cent) and L/S equity statistical arbitrage (-1.40 per cent). The Lyxor Hedge Indices are investable, asset-weighted hedge fund indices. They are based on Lyxor’s hedge fund platform.
Integrated Asset Management has launched River Plate House Capital Management. River Plate House was founded in May 2010 by Michael H. Hyman, president, chief executive and chief investment officer; Julian C. Smith, executive vice president and chief operating officer; and majority partner Integrated Asset Management. River Plate House is located in the Integrated Asset Management Toronto offices. River Plate House is a solutions-based alternative investment manager offering macro global government bond long/short investment strategies focused on real interest rates, as well as customised solutions for managing asset/liability and longevity risk. Hyman says: "We are in a generation where rising real
Investment manager PineBridge Investments has appointed E. Mervyn Davies, Lord Davies of Abersoch, as non-executive chairman. Lord Davies joined the firm in August. He will be based in the UK and will work closely with the firm’s management team. Chief executive Win J. Neuger says: “Lord Davies has considerable financial services experience and deep expertise in many of our core markets in Europe, the Middle East and Asia. I am delighted that a business leader of such global prominence and stature has decided to join the firm as we take our next steps as a newly independent entity. He is
After a strong finish at the end of July, the momentum in the Ucits hedge fund universe kept going for the first three weeks in August 2010. Despite a drop in the last week of the month the Ucits HFS Index was able to return 0.43 per cent in August 2010. The broad index returned 0.22 per cent, 0.24 per cent and 0.29 per cent in the first three trading weeks of August, respectively, before the last days of the month saw it lose 0.33 per cent. This loss in week four of August was mainly due to a negative
The global fund of hedge funds industry, as represented by the largest players, saw a small decline in overall assets of 0.6 per cent in the first half of 2010. This asset decline is in line with the average funds of hedge funds performance for the same period, according to the latest survey of the InvestHedge Billion Dollar FOHF Club. The largest funds of funds – those with more than USD1bn in assets under management – now control a combined amount total of USD595bn in assets, according to the six monthly 2010 asset flow survey carried out by InvestHedge, a
The Hedge Fund Replication Index finished August up a mere 0.1 per cent, having given back the majority of its early gains. However, things appear to have improved in the first few days of September, with the index repeating August’s bright start. The latest estimate indicates an increase of 0.6 per cent for September to date, taking the year to date total to 0.7 per cent.
HSBC has appointed Amy McNally as global marketing manager for HSBC Alternative Investments, reporting to Florence Picon. McNally joins from Barclays Wealth where she was a product specialist covering alternative investments. Her role involved the marketing and distribution of hedge funds, private equity and real estate products both in the UK and across EMEA. Prior to joining Barclays Wealth, McNally worked in JP Morgan Treasury Services on the sales and distribution side. She started her career in ABN Amro Mellon working in their European sales team. Picon says: “Alternative investments are an integral part of HSBC’s offering. HSBC has one

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