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Citi has been awarded a mandate from Guggenheim Investment Advisory, a division of Guggenheim Partners, to provide a complete suite of services including middle office, fund administration and custody for Guggenheim’s hedge fund investment platform.
"We are pleased to be working with Citi because of their deep understanding of our business and robust technology that offers us customised end-to-end solutions to our unique middle office, administration and custodial needs," says Dina DiLorenzo, Managing Director, Guggenheim Investment Advisory.
As investment managers worldwide launch new funds and accelerate the growth of their business, Citi helps them extend and enhance their operational capabilities
One of Asia’s biggest private equity firms, PAG, and DE Shaw, the behemoth quantitative US hedge fund, are the leading cornerstone investors for the USD1.8billion Hong Kong listing of H
London-based Capula Investment Management is expanding its USD13billion business into Hong Kong according to sources familiar with the m
Six of the 22 client mandates won by Northern Trust Hedge Fund Services (NTHFS) originate from Asia Pacific reported Global Custodian
Asia’s best-performing hedge fund last year, Danny Yong’s Dymon Asia Capital (Singapore) Pte, has hired Jay Luo, the
Castle Hall Alternatives and Orchard Harbour have published a new white paper, "Redefining corporate governance: towards a new framework for hedge fund directors".
"Corporate governance has become one of the most discussed issues in operational due diligence,” says Chris Addy, Castle Hall’s CEO. "Investors – especially institutions – are increasingly dissatisfied with the traditional governance model. These changing expectations create a clear opportunity to respond to investors’ concerns and implement a new framework of best practices".
The paper introduces six criteria – the "6 C’s of Governance" – which act as a roadmap for managers, investors and directors working to
The US District Court for the District of Colorado has entered an order against defendants Flint-McClung Capital LLC (FMC), of Englewood, Colorado, and Shawon McClung, formerly of Denver, Colorado, requiring them jointly and severally to pay restitution of USD1,701,250 and a USD4.3 million civil monetary penalty. The order also imposes permanent trading and registration bans against the defendants.
The court’s order of default judgment and permanent injunction stems from a June 2011 CFTC enforcement action that charged FMC and McClung with fraud and misappropriation in an off-exchange foreign currency (forex) Ponzi scheme.
The order finds that, beginning in or about March 2010, the
Carey Olsen has advised the BlueCrest BlueTrend Limited fund on its initial public offering (IPO) on the London Stock Exchange (LSE) Main Market which raised GBP165 million.
The fund has been established in Guernsey as a closed-ended investment company. Investors will have access to BlueCrest Capital Management’s trend-following programme, BlueTrend, which uses a systematic approach to seek to achieve its investment objective of long-term capital appreciation.
BlueCrest is a Guernsey-based alternative asset manager and invests across numerous asset classes globally.
Carey Olsen’s team, including corporate partner Tom Carey (pictured) and associates Oliver Quarmby and Alex Mauger, advised on the Guernsey
Pictet Asset Management, the asset management arm of the Swiss private bank Pictet & Cie, has launched the Kronos Fund, a global equity long/short trading fund. The fund is distinctive as it combines a long/short equity strategy with an overlay of option trading to build convexity positions that aim to protect against and benefit from major market moves.
The investment team, based in Geneva, is headed by Julien Stouff. The team has extensive equity trading, equity derivatives and global macro experience and has worked together developing the strategy since 2005.
The investment process, which is applied to a
EFETnet BV and The Depository Trust & Clearing Corporation (DTCC), following their successful pilot program launched in January as the first global repository for OTC commodity swaps, have begun accepting trade submissions from commodity market participants into the new Global Trade Repository for Commodities (GTRfC).
DTCC and EFETnet’s industry governed low-cost model provides users the ability to submit trades to a single repository in order to fulfil reporting obligations to regulators globally.
Since the US is scheduled for swap data reporting to regulators later this year, submission testing for Dodd-Frank Swap Data Repository (SDR) requirements will begin 14 May.
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