Latest News
Macquarie Group will begin offering hedge fund capital-raising services to external hedge funds through its Alternative Investment Strategies (AIS) division.
The initiative will initially seek to represent three to five hedge fund managers on an exclusive basis. Target managers will ideally have at least USD500 million of assets with an ultimate target of at least USD1.5 billion and at least a three-year track record.
"Our reputation and track record, coupled with our global reach and institutional infrastructure, makes our approach an attractive alternative to any top hedge fund manager looking to outsource fund raising," says Jonathan Hall, Managing Director,
2012 starts on a robust footing for the hedge fund industry. January monthly returns have been one of the strongest in over a decade. After a lacklustre 2011 – in fact, the second worst year out of the last twenty – hedge fund performance is now set to benefit from a normalising trading environment.
For markets, 2011 again was one of the most volatile years in history. But for hedge funds, volatility per se has not been the real issue. The main driver of sub-par performance was to be found in the abnormally high level of correlation. Correlations across assets
Managed futures gained 0.05% in January according to the Barclay CTA Index compiled by BarclayHedge.
“CTAs have gotten off to a slow start in 2012,” says Sol Waksman (pictured), founder and president of BarclayHedge. “Even though seven of Barclay’s eight CTA indices had positive returns in January, the overall performance was basically flat.”
The Currency Traders Index gained 0.69%, Discretionary Traders were up 0.25%, Financial & Metals Traders gained 0.24%, and Agricultural Traders added 0.16%.
However, a 0.13% loss in the Barclay Diversified Traders Index brought down the overall average of the Barclay CTA Index. Since Diversified Traders make up
Gargoyle Asset Management has listed the Gargoyle Hedged Value (Master) Fund as a transparent fund on AlphaMetrix Global Marketplace (AGM).
As a transparent fund, the Gargoyle Hedged Value (Master) Fund will now be visible to the entire AGM community. Gargoyle will retain its existing fund structure and service providers, while also offering current and future investors in-depth risk monitoring, state-of-the-art reporting, customised transparency and a thorough background investigation via the AGM.
"Gargoyle is very excited to list our Gargoyle Hedged Value Fund with AlphaMetrix," says Josh Parker, President of Gargoyle Asset Management. "There are two elements key to delivering successful
Veteran high yield and distressed portfolio managers Scott Martin and C J Lanktree are joining Solus Alternative Management’s investment team. Most recently, Martin and Lanktree served as Co-Heads of Deutsche Bank’s Distressed Products Group. Both will join Solus effective March 1 as portfolio managers, reporting to President and Chief Investment Officer, Christopher Pucillo (pictured).
"Our investment team has worked with Scott and C J on numerous distressed investment transactions over the years. With their deep experience and understanding of complex restructurings, they will be a tremendous asset to Solus," says Pucillo. "We are excited they are joining us as we continue to
HazelTree, a leading provider of Treasury management services, and Treasury Curve, a firm that provides access to institutional money market funds from multiple providers on a single platform, are teaming up to provide hedge fund and asset management executives with true end-to-end service.
"This is all about empowering our clients and giving them the tools they need to maximise growth," says Stephen Casner (pictured), CEO of HazelTree. "Our partnership with Treasury Curve is a natural extension of HazelTree’s efforts to provide our clients with a fully encompassing Treasury solution that not only aggregates long/short positions, cash and rates across all
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
Special Reports
FeatureD
- Insight
