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After a tumultuous three years the hedge fund Third Party Marketing (TPM) industry is seeing very strong growth in demand from both hedge funds and investors, although this growth is not shared evenly across the estimated 500 firms in the industry due to a wide difference in the quality and reputation of TPM firms.
Here, Don Steinbrugge (pictured) of Agecroft Partners addresses the reasons for the increase in demand for TPMs, the benefits of the top TPMs to investors and hedge fund managers, what has transpired in the TPM industry over the past three years and the quality difference among TPM firms
Asia ex-Japan hedge funds were down an estimated 4.11 per cent in May according to Eurekahedge, amid continued macro headwinds blowing out of Europe.
Ellis Lake, an event-driven credit manager, has hired Megan Sterrett as Director of Marketing and Investor Relations.
Prior to joining Ellis Lake, Sterrett was a Hedge Fund/Private Equity Portfolio Manager for Doshi Capital Partners, a single family investment office based in New York. The family office seeded Heritage Capital India, an Investment Management firm focused on the public markets in India, where she was Head of Marketing and Investor Relations.
Ellis Lake was founded in 2010 by Industry veteran, Gabe Nechamkin, who managed money for George Soros and was a founding partner of Satellite Asset Management, a $7 billion
The Managed Funds Association (MFA) has released its first application on the iTunes App Store, the Hedge Fund Investor Map, giving policy makers, media, and the general public a powerful tool to track the impact and imprint of hedge funds across communities throughout the US.
The app is a unique educational offering that provides a comprehensive survey of the institutional hedge fund investor landscape. With so many institutional investors turning to hedge funds in recent years, this app is essential for those who want to better track this emerging trend. The app features customised institutional hedge fund investor information for
The latest figures tracing the performance of Jersey’s finance industry reveal particularly strong growth in its funds sector during the first quarter of 2012, with a 3.5% increase in the net asset value of funds under administration and a total of 1,412 funds registered, the highest figure since 2009.
In further good news for the funds sector, the total number of unregulated funds, geared towards sophisticated, professional and institutional investors, also increased by an impressive 8.5% whilst the number of regulated funds grew by 1.4%.
The statistics, collated and prepared by the Jersey Financial Services Commission, are for the three
HedgeOp Compliance, a provider of specialised compliance consulting services and software for investment advisers in the US, is strengthening its New York office with the appointment of Derek McGibney who is relocating from IMS’ UK office.
McGibney is a leading consultant in UK and European regulatory architecture and the management of compliance risk and joins as a senior project director. He worked in IMS’ London office for more than eight years and has been involved in consulting on all aspects of governance, compliance and operational risk for top tier global financial services companies for more than 15 years.
McGibney’s addition
Exchange traded funds provider Global X Funds has launched the Global X Top Guru Holdings Index ETF, which allows investors to tap into the combined expertise of the largest hedge fund managers.
Hedge funds spend tens to hundreds of millions on talent and research to uncover the most attractive investment opportunities, and in exchange typically charge a 2% management fee and a 20% performance fee. These types of asset management firms are often restricted to a limited number of investors and typically require a large minimum investment that makes them difficult to access. However, on a quarterly basis, all hedge
Alternative asset manager Commonwealth Capital Management has launched its systematic Commonwealth Liquid Alpha Index multi-manager trading strategy on dbSelect, Deutsche Bank’s platform for accessing liquid hedge fund strategies.
The addition of Commonwealth Liquid Alpha Index to dbSelect allows investors to gain exposure to a dynamically managed portfolio of Commodity Trading Advisors (CTAs) and other managers in a transparent and efficient manner. The index is based on models developed by proprietary artificial intelligence methods. Managed investment platforms allow hedge fund managers to offer multiple ways of accessing investment strategies, whilst reducing counterparty risk and increasing liquidity for investors.
Commonwealth Capital
Eze Castle Integration, a provider of strategic IT solutions and private cloud services to hedge funds, has announced the results of its independent “Cloud Adoption Trends in the Investment Management Industry” survey, which was conducted in partnership with IDG Research.
Featuring responses from 125 senior-level executives, the survey found that more than eight out of 10 hedge funds and investment firms use or are deploying the cloud for IT infrastructure or application services.
The strong adoption rate of cloud services indicate increased emphasis on the benefits the technology is bringing to the financial industry. The survey found that the
Schulte Roth & Zabel has named Nicholas Fagge and Kerrie A Walsh as partners in the firm’s London office, effective 1 June 2012.
Fagge and Walsh, who both joined the London office when it opened ten years ago, are part of a team of senior lawyers that gives SRZ one of the largest and most experienced groups of hedge fund lawyers in London.
Fagge advises investment management clients on the structuring of UK management companies, covering all relevant partnership and tax issues, and more widely on UK and international tax issues relating to the taxation of private investment funds,
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