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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
Numerix has launched its LiquidAsset SDK (Software Development Kit), which is designed to scale as an institutions’ modelling or investment requirements grow, and can integrate Numerix’s market standard analytics into its own system or that of a third party using a C++ interface, with C# and Java interfaces to be added in the coming months.
Known for its intuitive, function-based interface LiquidAsset has rapidly become the new standard for pricing liquid derivatives since its inaugural launch. As a ‘future proof’ solution built on Numerix’s award winning CrossAsset pricing analytics platform, hedge fund and asset managers, corporate treasurers, insurance firms and
Kinetic Partners has joined forces with the London Stock Exchange Group’s UnaVista to offer a full-service transaction reporting solution.
The partnership will offer a complete solution to both Kinetic Partners and UnaVista’s clients and other MiFID investment firms, including regulatory guidance, audit and operational services, and technical solutions. According to MiFID, all regulated entities executing transactions are obliged to report all transactions in equity and debt-related financial instruments and related derivatives, in order that regulators can effectively monitor for market abuse.
Monique Melis (pictured) a Member of Kinetic Partners says: “We are delighted to be joining forces with UnaVista
2011 was a year characterised by major economic uncertainty and correspondingly hesitant investors. Nevertheless, the Swiss fund and asset management sector put in a respectable showing, according to the Swiss Funds Association (SFA), which celebrates its 20th anniversary this year.
“The SFA has developed from being the association of Swiss fund management companies into the representative association of the entire Swiss fund and asset management industry. This has only been possible thanks to the committed support of our members. More than ever before, it is crucial for the industry to pull together and adopt a consistent and unified approach in
Wells Fargo Funds Management, LLC, the investment advisor to Wells Fargo Advantage Funds, has launched the Wells Fargo Advantage Absolute Return Fund (WARAX), which invests substantially all of its assets in a master fund that is managed by respected institutional money manager GMO LLC.
The Wells Fargo Advantage Absolute Return Fund makes GMO’s absolute return strategy available to individual investors for the first time. The fund is the second Wells Fargo Advantage Fund to offer investors access to a GMO-managed strategy.
"We believe this fund, which is sufficiently nimble to take advantage of any and all global market opportunities, provides
