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The total value of funds business in Guernsey grew by GBP8.7 billion (3.3%) during the first quarter of the year.
New figures from the Guernsey Financial Services Commission (GFSC) show that the first quarter growth follows a drop of just more than GBP10 billion in the final quarter of last year and has taken the total net asset value of funds under management and administration in the Island to GBP270.1 billion at the end of March 2012.
This represents growth of GBP6.4 billion (2.4%) year on year.
Fiona Le Poidevin (pictured), Deputy Chief Executive of Guernsey Finance – the promotional
Independent corporate governance and support services provider, Carne Group, has published the latest addition of its UCITS Guide for Alternative Managers reported FINa
Phillip Securities Japan, a Japanese subsidiary of Phillip Capital, a major Singapore based financial institution, has acquired Broker Membership of The Tokyo Commodity Exchange (TOCOM), Japan’s largest commodity futures exchange
Phillip Securities Japan is entitled to trade and clear for its global customers in the precious metals, oil and rubber markets. The total number of TOCOM members is now 84 (including 21 Broker Members).
“It is our great pleasure to join TOCOM as a member and we see tremendous potential in this new partnership”
Tadashi Ezaki, President and CEO of TOCOM, says: "We are delighted to welcome Phillip Securities Japan
Japan’s credit rating downgrade was not a surprise, says Andy Tidby, Product Manager Japanese Equities, Invesco…
Japan’s debt is too high, which is both obvious and well known, and its credit rating has been under pressure for some time. In that sense the downgrade was not a surprise, although the timing is interesting given that Prime Minister Noda has staked his political future on increasing the consumption tax, which is a key pillar in addressing the debt issue over the long term. There are political difficulties in passing the necessary legislation, but a decision is likely either way in the
Last year saw more than 140 Asia-focused hedge funds shut according to Eurekahedge and with capital raising continuing to be a challenge, Singapore-based Orvent Asset Management has
Hedge funds, as measured by the Dow Jones Credit Suisse Hedge Fund Index, finished April down 0.04%, with four out of 10 strategies in positive territory.
In total, the industry saw estimated outflows of approximately USD8.35 billion in April, bringing overall assets under management for the industry to approximately USD1.75 trillion.
The Managed Futures and Multi-Strategy sectors experienced the largest asset inflows on a percentage basis in April, with inflows of 0.53% and 0.14% from March 2012 levels, respectively.
Long/Short Equity funds finished down in April, ending a three-month positive performance run, as broader equity benchmarks finished in negative territory
As Denmark prepares to issue its first ever inflation-linked bond at auction on 24 May, David Dyer, Senior Fixed Income Portfolio Manager at AXA Investment Managers, discusses the size of the inflation-linked bond market and looks at why institutional investors should consider going global in their allocations…
Today, the Danish government will become the newest entrant to the global inflation-linked bond market. They propose to issue an inflation linked 2023 government bond at auction, to the value of up to 6 billion Danish crowns (or USD1.06 billion) and have already had strong indications of interest.
The Danes will join a
Commonfund has appointed Brett Lane as Managing Director, reporting to A Nicholas (Nick) De Monico, CEO, Commonfund Hedge Fund Strategies Group.
“Brett is an integral addition to Commonfund, coming at an important time for the Hedge Fund Strategies Group as we expand market share and consider additional hedge fund solutions to develop,” says Nick De Monico, CEO, Commonfund Hedge Fund Strategies Group. “As hedge fund strategies become more prevalent, Brett’s past experience will help ensure that our portfolio of hedge fund solutions are positioned to reflect the needs of investors in the endowment, foundation and pension community at-large.”
In this
The Scotiabank Canadian Hedge Fund Index ended April 2012 down 2.99% on an asset weighted basis and down 1.86% on an equal weighted basis.
The aim of the Scotiabank Canadian Hedge Fund Index is to provide a comprehensive overview of the Canadian Hedge Fund universe. To achieve this, index returns are calculated using both an equal weighting and an asset-based weighting of the funds.
The index includes both open and closed funds with a minimum AUM of CAD15 million and at least a 12 month track record of returns, managed by Canadian-domiciled hedge fund managers.
International law firm Simmons & Simmons has appointed Robert Koller as a finance partner in its Frankfurt office.
Kolre is a debt capital markets and financial regulatory lawyer, who specialises in debt securities, bank and insurance capital as well as funds (particularly hedge funds) and EU fundamental freedoms. He joins from Clifford Chance, Frankfurt, and previously worked for international firms in Gibraltar and Madrid.
"I’m pleased to be joining a firm which will give me a platform on which to build on my finance and capital markets practice,” says Koller. “Simmons & Simmons is a firm known for its quality service, outstanding lawyers and
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