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ALTIN has disclosed its entire hedge fund portfolio holdings as of 1 April 2012 as part of its policy of full transparency to investors.
The portfolio, featuring over 35 underlying hedge funds, and representing 11 investment strategies, is particularly well diversified and has a NAV performance of +166.36% since its inception in December 1996. This compares to +113.28% for the HFR FoF Composite Index.
ALTIN continued continued to reduce leverage in the first quarter of 2012, which fell from 115% to 105.7% over the first quarter 2012. It remains well diversified both on a strategy and geographical level, as well as liquid.
Altegris is to launch a new "R" share class on 1 May designed exclusively for registered investment advisors (RIAs) seeking to invest in high-quality private placement hedge funds to add diversification to their clients’ portfolios.
"The launch of these "R" shares underscores our continuing commitment to serve as the premier provider of alternative investments to the registered investment advisor community," says Jon Sundt, President and Chief Executive Officer of Altegris. "As of May 1, we are introducing the "R" share class to four of our private placement funds. This is the first of several launches that we plan to make
It’s official. The British economy has gone for a Burton, says Marcus Bullus, trading director at MB Capital…
The Government and the Bank of England needed a sharp shock. They just got it.
With inflation proving far stickier than expected, negative growth and a Eurozone on borrowed time, the UK economy is in for a very tough few years.
The light at the end of the tunnel was a train.
The Labour Party will pounce on this data with predictable glee, blaming the spending cuts for the lack of growth. But the one saviour for the UK right now is
“Each of our funds is a niche product where we’re trying to resolve a specific issue that investors face,” notes Sandy Rattray, the CIO of Man Systematic Strategies (Man SS), as he outlines the business structure of Man Group’s newest division. Man SS launched in November 2010. Its current team, headed up by Rattray, totals 16 people.
Leveraging the support of other systematic managers within the Group – namely AHL, GLG and Man’s Multi-Manager business – Man SS has already raised over USD1.6billion in AUM for three funds spanning equities, commodities and tail risk; plans for a fourth fund in
State Street Global Advisors (SSgA) has launched two currency investment strategies on Deutsche Bank’s dbSelect, its platform for accessing liquid hedge fund strategies.
The move allows investors to access SSgA’s Developed Markets Currency and Emerging Markets Currency strategies in a transparent, liquid and efficient manner through Deutsche Bank’s dbSelect platform. Managed investment platforms allow hedge fund managers to offer multiple ways of accessing investment strategies, whilst reducing counterparty risk and increasing liquidity for investors.
SSgA has extensive experience in evaluating currency markets through active and passive currency management. SSgA’s Developed Markets Currency and Emerging Markets Currency strategies target returns from
LCH.Clearnet Group Limited has signed non-binding heads of agreement with International Derivatives Clearing Group, LLC (IDCG) and The NASDAQ OMX Group, Inc (NASDAQ OMX) regarding the acquisition of IDCG.
The transaction would represent the latest move by LCH.Clearnet Group to further enhance the range and flexibility of its clearing solutions and would facilitate its recently announced US cross-margining initiative.
LCH.Clearnet Limited (LCH.Clearnet) already operates interest rate swap clearing in the US through its market-leading SwapClear service. The acquisition of IDCG would be further testament to LCH.Clearnet’s commitment to the US marketplace and its aim of providing buy-side participants with more
Specialist investment manager Polar Capital Holdings has hired Michael Hufton to assist Robert Gurner and Andrew Marsh in the management of the Polar Capital European Conviction Fund and the Polar Capital European Forager Fund.
Hufton was most recently employed at Sloane Robinson LLP as a European Fund Manager. Prior to joining Sloane Robinson in 2008, he was a partner of Bruce Nelson Capital LLP. Hufton started his career in 1995 at Cazenove & Co in London, and was made a partner of the firm in 2001. He graduated from the University of Durham with a degree in French and
Axiom Fund has waived its management fees for the Axiom UCITS Alternative Investable Index Fund (the Axiom Fund) becoming the first fund of funds in the alternative UCITS space to charge performance fees only.
Axiom Fund is taking this step to better align the interests of investors in the fund and lead the way in developing a new approach to fees for the UCITS industry. The 1% management fee will be replaced with a 10% performance fee, meaning that investors will now only pay fees when the fund delivers positive performance. The performance fee is subject to a high water
MaplesFS, an independent global fund services and fiduciary services provider, has expanded its presence and regional commitment in the Middle East with three senior hires in its Dubai office.
Fred Tabbal joins as Regional Head of Fund Services, Andrew Millar joins as Senior Vice President of Fiduciary Services, and Charlotte Windsor as Vice President of Fund Services.
In their new roles, Tabbal and Millar oversee strategic direction for their respective line of business in the region, business development, and will be responsible for managing the entire Middle East team and operations. Windsor has operational responsibility for the fund accounting and
Hedge funds significantly outperformed traditional asset classes such as equities, bonds and commodities over the last 17 years according to a new study by The Centre for Hedge Fund Research at Imperial College in London.
The research, commissioned by KPMG, the international audit, tax and advisory firm, and the Alternative Investment Management Association (AIMA), the global hedge fund association, is the most comprehensive of its kind to date.
The report, entitled “The Value of the Hedge Fund Industry to Investors, Markets and the Broader Economy”, found that, per annum, hedge funds returned 9.07% on average after fees between 1994
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