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The majority of investors in hedge funds, commodity trading advisors and private equity funds expect to increase their allocations to those private investments in 2012, according to a survey by AlphaMetrix.
A total of 65 per cent of investment managers and investors surveyed said they intend to increase their allocations to private investments by some degree this year, with 25 per cent of participants planning to raise their allocations significantly. Further, 35 per cent intend to leave their existing allocations unchanged.
Respondents answered a range of questions during the AlphaMetrix 2012 Miami Summit, a leading networking conference for the private
EFAMA has commented on the the US Treasury Department and Internal Revenue Service’s long-awaited proposed regulations under the Foreign Account Tax Compliance Act (FATCA), which were released on 8 February, 2012
FATCA is a sweeping law that requires non-US financial institutions, including funds, to determine which of their accounts and investors are US persons, and to report such US persons to the IRS. The consequence of non-compliance is a 30 per cent withholding tax on payments of certain US source income.
“We are gratified that the proposed regulations reflect the receptiveness of the US rule makers to working
James Bergstrom (pictured) has been appointed as Legal Chief Executive Officer of The Ogier Group, effective from February 2012.
Nick Kershaw, who previously held both the Group Chief Executive and the Legal Chief Executive roles, has handed over the Legal Chief Executive role to Bergstrom, but continues as the Group Chief Executive, having been elected for a second three year term. Kershaw will also be returning part time to a client facing role.
Bergstrom joined Ogier’s Cayman office in 1991 and became a partner in 1998. He was the Managing Partner of the Cayman office from 2002 to 2010 and head
Chelsea Technologies has seen a recent increase in hedge fund managers commissioning third-party due diligence audits ahead of the 30 March hedge fund registration deadline with the Securities and Exchange Commission.
Under the Dodd-Frank Wall Street Reform and Consumer Protection Act, US hedge fund managers with USD150 million AUM or more are required to be registered with the SEC. As part of its oversight, the SEC will conduct periodic regulatory examinations. Initial examinations are anticipated shortly following the 30 March deadline.
Beginning in early Q4 2011, Chelsea Technologies saw a dramatic increase in the number of hedge fund managers commissioning
First Reserve Corporation has expanded its senior executive team with two new appointments. Claudi Santiago joins as a Managing Director and Chief Operating Officer and will be based in the firm’s London office, while Irene Mavroyannis joins as a Managing Director in its Investor Relations Group and will be based in the firm’s Greenwich office.
Santiago joins First Reserve after a career of more than 30 years at GE, where he was President and CEO of GE Oil & Gas and Senior Vice President of GE. While at GE, Claudi managed its USD10-billion Oil & Gas division focused on
MarketAxess Holdings has appointed Robert Hammond as Head of Sales and Dealer Relationship Management for Europe and the Middle East.
Hammond will be responsible for driving sales across the region, to further build the firm’s growing institutional network of fixed income investors and dealers. He will oversee client and dealer relationships, and manage the continued delivery of efficient and robust e-trading solutions to the fixed income marketplace. Mr. Hammond will report to Paul Ellis, Head of MarketAxess Europe.
Hammond joins MarketAxess from CME Group, where he was head of Listed Rates and OTC Clearing Solutions. Prior to this Mr. Hammond
Hedge funds gained 2.93% in January, according to the Barclay Hedge Fund Index compiled by BarclayHedge.
“The Fed’s announcement that they will keep interest rates near zero percent through 2014 helped to fuel the equity rally that began in mid-December,” says Sol Waksman (pictured), founder and president of BarclayHedge.
All but one of the 18 indices tracked by BarclayHedge had gains in January. The Barclay Equity Long Bias Index was up 4.99%, Healthcare & Biotechnology gained 4.96%, Emerging Markets were up 4.40%, the Event Driven Index added 2.79%, and European Equities gained 2.49%.
“Although investor money flowed into risk assets,
Palmer Square Capital Management, along with Montage Investments and Atlantic Asset Management, has agreed an investment partnership with LNG Capital, a long/short European credit firm based in London that focuses on European corporate credit investments.
In addition to securing significant investment capital, the relationship provides LNG Capital with access to the distribution channels of Montage and Atlantic.
"The LNG Capital team has extensive experience managing credit portfolios for top European institutions," says Christopher D Long, president of Palmer Square. "There are very few managers that focus specifically on European credit as an asset class. Given the recent economic turmoil
Ramius LLC, the global alternative investment management business of Cowen Group, has appointed Ken Griebell as a Director, reporting to David Thill, Managing Director and head of worldwide third party distribution and intermediary relationships.
In this newly created role, Griebell will expand Ramius’ marketing and distribution activities for liquid alternative products to new and existing customers and grow Ramius’ presence across distribution channels that focus on mass affluent retail investors.
"We are pleased to welcome Ken to our team," says Thomas W Strauss (pictured), President and Chief Executive Officer of Ramius. "Ken’s extensive relationships and expertise in distributing liquid alternatives
The IMS Group (IMS), a leading global governance, risk and compliance services group has acquired all outstanding shares in the New York based subsidiary of the same name, IMS Consulting US (IMS US).
This is the second acquisition this year of a US compliance company for The IMS Group which last month invested in HedgeOp Compliance (HedgeOp), the leading US provider of specialised compliance software and consulting services for investment advisers.
IMS US, founded and managed by Micah Taylor, is now a wholly owned subsidiary of IMS. Taylor and his team will retain their current roles and will continue
