Latest News
Asian institutions’ appetite for external asset management is growing slowly with the recovery in global markets, but new research from Greenwich Associates reveals that many institutions across Asia are making a longer-term commitment to managing assets in-house.
These conclusions are drawn from the results of Greenwich Associates’ 2010 Asian Investment Management Study, in which 84 of the largest institutional investors in Hong Kong, Macau, China, Taiwan, South Korea, Singapore and other Asian countries were interviewed.
The institutions participating in the study together manage some USD5trn in assets, a sum that was roughly unchanged from 2009 to 2010.
Because central banks
- 22/06/2010
GlobeOp Managed Services will partner with business communications provider Intermedia to offer Outlook 2010 desktop functionality through Microsoft Exchange as a hosted service.
The enhanced private cloud service enables GlobeOp to offer clients the benefits of full collaboration functions of Microsoft Outlook 2010, without client installation or maintenance.
Partnering with Intermedia, the world’s largest Microsoft Exchange hosting provider, also facilitates hosting Blackberry Enterprise Server and Windows SharePoint, delivering wireless synchronization and workspace sharing services respectively.
According to a June 2010 InformationWeek survey, 58 per cent of business IT professionals are either using or planning to use private clouds to cut
- 21/06/2010
RWC Partners’ Ajay Gambhir is set to launch the RWC Europe Absolute Alpha Fund, a Ucits III pan-European long/short equity fund.
The new fund will launch at the end of July following the launch of Mike Corcell’s RWC US Absolute Alpha fund, which has raised over USD400m since its launch in October 2009.
RWC Europe Absolute Alpha Fund will be managed using Gambhir’s long-running European long/short investment strategy, while the Ucits III structure brings the additional benefit of daily liquidity and share classes that will have local registrations in a number of European countries.
Gambhir, who started managing European long/short
- 21/06/2010
Following the initial launch of the HSBC Ucits AdvantEdge Fund in October 2009, the fund has now successfully completed the passporting process for France and Germany.
Ucits funds operate under a passport system, which means that they can be offered for sale throughout the entire European Union once they have been authorised in one member state.
The fund currently offers six share classes for general distribution. Four share classes were launched in October 2009: Euro, US Dollar, Euro Institutional, and US Dollar Institutional. The Sterling and Sterling Institutional share classes were launched in January 2010.
All these share classes
- 21/06/2010
Qbasis Invest, the Liechtenstein-based managed futures specialist, is expanding its London marketing operations with the appointment of Alistair Evans as director sales, UK.
Evans has eight years’ experience in the alternatives sector.
Most recently, he was partner and co-founder of GLS, a hedge fund marketing business.
Prior to that he worked at UBS and Merrill Lynch, where he focused on the intermediary and wealth manager market.
He began his career in 2002 at the US investment bank Laidlaw and then moved to the ECU Group, a former subsidiary of ED&F Man.
Evans will concentrate on promoting Qbasis’ new exchange-traded fund,
- 21/06/2010
Law firm Ashurst has hired Nick Terras to join its derivatives products group.
Terras specialises in hedge funds, Ucits funds, exchange-traded funds and related derivatives.
His clients include European and US financial institutions as well as hedge funds and mutual funds.
Terras joins Ashurst from Schulte Roth & Zabel International where he was a partner in the investment management group.
Prior to joining Schulte Roth, Terras was a partner and co-head of structured finance and investment funds at another US firm.
Erica Handling, Ashurst’s head of structured finance, says: "Nick is widely regarded as a leading adviser in respect of
- 21/06/2010
Koger, a provider of software and services for the fund administration industry, has launched the next version of NTAS, its transfer agency solution.
NTAS 10.1 introduces a number of enhancements and new features that expand the tools available to the administrator making the fund administration process faster and more automated.
“We are very pleased with the enhancements and new features in NTAS 10.1. Our customisable workflow screens make NTAS even more user-friendly,” says Ras Sipko, chief operating officer. “Introducing integrated real time accounting capabilities of IKAS into NTAS for the first time makes NTAS that much comprehensive in its reach
- 21/06/2010
- 21/06/2010
The City of New Haven’s Employee Retirement Fund has invested USD8m in IndexIQ’s multi-strategy hedge fund replication separately managed account vehicle.
This allocation represents the first time the City of New Haven’s Employee Retirement Fund has invested in a hedge fund-like strategy.
The IQ Hedge Multi-Strategy SMA seeks to track, before fees and expenses, the performance of the IQ Hedge Multi-Strategy SMA Index.
The index attempts to replicate the risk-adjusted return characteristics of the collective hedge funds using multiple hedge fund investment styles, including long/short equity, global macro, market neutral, event-driven, fixed income arbitrage, and emerging markets.
IndexIQ does not
- 21/06/2010
The Credit Suisse/Tremont Hedge Fund Index lost 2.76 per cent in May, its lowest performance since November 2008.
Nine out of ten strategies in the index posted negative returns in May as market volatility increased amid continued European sovereign risk fears.
Dedicated short bias gained 5.84 per cent and was the only strategy to post positive returns for the month. This positive performance was characteristic for the short-oriented strategy which typically outperforms when markets are down.
Global macro was the second-best performer, finishing down 0.63 per cent for the month as managers benefited from their ability to perform tactical trades
- 21/06/2010
Deutsche Bank and Winton Capital Management have launched a Ucits III compliant version of Winton’s flagship Diversified Program.
The Ucits III fund, called the DB Platinum IV dbX Systematic Alpha Index Fund, will be launched on Deutsche Bank’s Platinum platform and is linked to the performance of the dbX Systematic Alpha Index.
The index, whose components are selected by Winton, reflects exposure to approximately 100 global exchange-traded futures, forwards and options markets on commodities (including energies, base and precious metals and crops), equity indices, bonds, short-term interest rates and currencies.
The strategy is primarily trend-following, attempting to take advantage of
- 21/06/2010
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