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Maples Fund Services has expanded its middle office capabilities with the launch of risk reporting for asset managers and institutional investors. This offering will enhance the ability of investment teams to gain insight into drivers of portfolio performance and to achieve superior risk-adjusted returns.
The risk reporting offering builds on Maples Fund Services’ leading middle office solutions, tailored by teams of industry experts and information technology professionals to meet clients’ specific requirements. Proprietary technology developed by Maples Fund Services aggregates portfolio and market data from multiple sources, renders resultant risk metrics on an online dashboard, and produces customisable reports.
“Our
Marcal Systems Corporation has been rebranded as Great Lakes Fund Solutions following the acquisition of the company by Mark Lancaster (pictured), the firm’s new President.
Marc Veeneman, the co-founder and former President of the Company, continues to serve as a consultant to the firm. He says: “The approach that we took at the founding of the Company 28 years ago continues to drive its success. Great Lakes Fund Solutions fulfills a wide array of operational and custom IT needs for both private and public fund sponsors. The Company goes beyond traditional fund administration by supporting the operational elements of fund
The Credit Suisse LAB Index was up 1.71% in February according to Dr Jordan Drachman (pictured), Head of Research for Alternative Beta Strategies at Credit Suisse.
Dr Drachman says: "The Credit Suisse Liquid Alternative Beta Index (CSLAB), which aims to reflect the performance of the overall hedge fund industry, finished up 1.71% in February. Each of the five sectors posted positive performance. Long/Short and Event Driven were the strongest performers for a second month, gaining 2.25% and 2.16% respectively. Meanwhile, Merger Arbitrage was the lowest performing strategy, up 0.13% for the month."
More than USD0.5 trillion of European leveraged buy-out loans are due to mature between now and 2016, according to a new report form global law firm Linklaters.
Within this headline figure the report identifies which countries and sectors are most acutely affected and will face the greatest pressures. From a country perspective these include UK (USD172bn), France (USD86bn) and Germany (USD83bn) which have the largest requirements.
The largest sectoral burden falls on the telecommunications sector where USD67bn of LBO loans must be refinanced over the five years to 2016. The next four largest sectors are retail (USD47bn), healthcare (USD40bn), chemicals (USD37bn)
The Dow Jones Credit Suisse Core Hedge Fund Index closed up 1.31% in February as all of the index component strategies reported positive results for February.
The top performing strategy was Convertible Arbitrage (2.34%), followed by Long/Short Equity (2.05%) and Emerging Markets (1.83%). The worst performers were Fixed Income Arbitrage (0.43%) and Managed Futures (0.69%).
PerTrac has been recognised for the second year in a row by industry magazine Hedgeweek as the “Best Risk Management Software Provider."
The parent company of Hedgeweek, Global Fund Media, polled 41,000 readers, including over 5,800 institutional investors, and requested their assessment of the best hedge fund performers and service providers during 2011. The results of the Hedgeweek Awards 2011 were compiled from over 1,300 responses, and the winners were those companies that received the greatest number of votes in their category.
"The continued adoption of PerTrac RiskPlus by investment professionals demonstrates the global need for an affordable, powerful
Mark Proctor has joined Vinson & Elkins’ (V&E) Private Investment Funds practice as a partner in New York. His practice will focus on structuring, forming, and operating private investment funds, as well as advising private funds in connection with their investment activities.
Proctor will also advise clients on investments in private funds, and represent buyers and sellers in secondary transactions involving private fund interests.
He joins a group of five V&E partners in New York and Texas who have an extensive practice representing investment funds as well as investors in private funds.
Proctor joins V&E from Goldman, Sachs & Co,
Private funds specialist Timothy W Mungovan has joined Proskauer as a Partner in the firm’s Boston office. Mungovan was the founder and leader of the Private Fund Disputes team and was formerly the Practice Group Leader of the Commercial Litigation and Financial Services and Securities Litigation Practice Groups at Nixon Peabody.
Mungovan will continue to focus his practice on litigation involving private investment funds and fund sponsors, including hedge funds, private equity funds, venture funds, and other investment vehicles. He has represented funds, fund sponsors, investment advisers, managers, principals, feeder funds, institutional and individual investors in various disputes, including control
New figures for the Guernsey funds sector show there is no room for complacency, according to Peter Niven (pictured), Chief Executive of Guernsey Finance – the promotional agency for the Island’s finance industry.
Statistics from the regulator, the Guernsey Financial Services Commission (GFSC), show that the net asset value of funds under management and administration in Guernsey decreased by GBP10.2 billion (3.7%) during the final quarter of last year.
This represents the second consecutive quarterly drop in the value of the Island’s funds business but follows eight straight quarters of growth. This means that the total value of funds under
Investors predict an estimated net inflow of USD140 billion in 2012 according to the latest Alternative Investment Survey (AIS) conducted by Deutsche Bank, which, if true, will push industry AUM to an all-time high of USD2.26trillion.
Barry Bausano, Co-Head of Global Prime Finance and Head of Equities in the Americas was quoted as saying: “Investors are committed to top performing managers, with cash holdings potentially adding an extra USD39bn to the industry over the next six months.”
This year marks the 10th anniversary of the influential AIS, conducted in December 2011 by Deutsche Bank’s Global Prime Finance business. Approximately 400
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