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SEB has integrated its offering within alternative investments by merging the SEB-owned London boutique Key Asset Management unit with the SEB Alternative Investment Team (AIT) in Stockholm .
The new team will be managed by Mikael Spångberg (pictured) as Managing Director, Stockholm and Chris Rule as deputy and Chief Investment Officer, London.
The two investment teams have worked together informally for the past few years and bring different specialities to the new venture. Key has one of the oldest track records in the Fund of Hedge Funds industry while the SEB AIT brings competence within the seeding and incubation business.
The changes coincides
January was a relatively successful month across strategies for the stable of funds managed by HSBC Alternative Investments Limited (HAIL), although the mood was more one of cautious optimism during a breakfast presentation hosted on Thursday 2 February by Peter Rigg (pictured), Global Head of the HSBC Alternative Investment Group, and William Benjamin, Head of European Research.
The presentation – Hedge Fund Outlook 2012 – outlined HAIL’s current thinking on investment opportunities this year given the market turbulence of 2011 which saw global hedge funds incur some hefty losses: the average fund was down 5 per cent according to Hedge
Finisterre Capital, the long/short emerging market total return specialist, has launched the Finisterre Equity Fund. Joint Portfolio Managers of the new fund are Alistair Candlish and Edward Cole, who joined Finisterre in August, 2011. The duo was hired as a team from Newsmith, where they were partners in the firm and jointly ran Newsmith’s EM equity fund.
Finisterre’s new fund is a global emerging market equity strategy that seeks to maximise absolute returns within a framework of reduced volatility relative to the market and peers. The fund employs a top-down macro process that seeks to gauge and predict changes
Aquila Capital’s AC Risk Parity 7 Fund has reached a four year track record of consistently positive year-on-year returns.
Available as a UCITS fund since the 5 February 2008, the Fund got off to another strong start in 2012, generating a 2.95% return in January 2012.
The AC Risk Parity 7 Fund has been recognised as the largest, and one of the top performing, quantitative funds by the UCITS Alternative Index Blue Chip (“Blue Chip Index”), comprised of 50 of the world’s top UCITS hedge funds currently open for investment. It is the fifth largest Multi Asset UCITS fund
Fiona Le Poidevin (pictured), Deputy Chief Executive of Guernsey Finance – the promotional agency for the Island’s finance industry – explores why conditions are right to consider re-domiciling or co-domiciling funds in Guernsey.
The global financial crisis initially came to a head in 2008, yet more than three years later and the wave of repercussions continues, particularly in the Eurozone but also through the ongoing worldwide economic downturn.
Guernsey has proved extremely resilient but as a leading international finance centre, the Island cannot be completely immune from these worldwide issues. However, the key indicators are suggesting that Guernsey, led by
Alfi Rogge Partners – a new joint venture between Rogge Global Partners and Alfi Partners – has established offices for marketing and client service in both Paris and Geneva in order to develop and service its business in French-speaking Europe and capitalise on the growing demand in the region for global fixed income.
Alfi Rogge Partners is aimed at providing investors in France, Monaco, Belgium, Luxembourg and French-speaking Switzerland with local access to Rogge’s four core areas of expertise: Developed Markets, Investment Grade Credit, Global High Yield and Emerging Markets (Debt and Currency). In addition, Rogge has recently grown its
By Petrina Smyth and Noeleen Ruddy (pictured) – As a leading jurisdiction for the establishment of investment funds and structured finance vehicles, Ireland has seen commodity funds established for many years using regulated Qualifying Investor Funds, ranging from funds investing in precious metals to agricultural crop funds.
Prior to the Finance Act 2011, Irish unregulated fund and structured finance vehicles (SPVs) were only permitted to hold financial assets, and therefore were not an option for commodity funds that were to hold physical assets, as opposed to gaining exposure to the underlying assets through a derivative. The act extended the list
The US Commodity Futures Trading Commission (CFTC) has obtained a federal court order requiring Anthony Eugene Linton of Tucson, Arizona, doing business as The Private Trading Pool (PTP), to pay a total of USD1,776,610 in restitution, disgorgement, and a civil monetary penalty for defrauding investors in a commodity pool Ponzi scheme involving off-exchange foreign currency trading (forex).
The order, entered by US District Court Judge Frank R. Zapata of the US District Court for the District of Arizona on January 30, 2012, stems from a CFTC complaint filed in January 2011, charging Linton with fraud and misappropriation in connection with
The Dow Jones Credit Suisse Core Hedge Fund Index closed up 2.26% in January as all of the component strategies reported positive results.
The Dow Jones Credit Suisse Core Hedge Fund Index provides daily published index values which enable investors to track the impact of market events on the hedge fund industry.
Convertible Arbitrage proved the top performer returning 3.47%, closely followed by Long/Short Equity (3.21%). At the other end of the scale, Fixed Income Arbitrage (0.93%) and Managed Futures (0.95%) recorded the smallest increases.
Eurofin Capital, the Lausanne and London based privately owned investment company has acquired NAU Capital, a multi-strategy hedge fund based in London.
The Board of Eurofin Capital Ltd the London based FSA Authorised asset management company is pleased to announce that approximately EUR90 million of assets under management will be transferred to Eurofin Capital.
NAU Capital manages two separate funds, The NAU Fund and the Plurima Nau Fund and these two strategies compliment the fund of fund and single strategy funds already managed by Eurofin Capital.
The 8 man team at NAU Capital have joined Eurofin Capital and
