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Fiona Le Poidevin, Deputy Chief Executive of Guernsey Finance – the promotional agency for the Island’s finance industry, explores how Guernsey is ideally suited to providing financial products and services for a rapidly developing Russia.
Russia straddles Europe and Asia, is the largest country in the world by area and has a population of more than 140 million. By contrast, Guernsey is an island between the United Kingdom and France, 65 square kilometres in size and with just 62,000 inhabitants.
So, what is the connection?
Russia is quickly developing, particularly economically and therefore is accumulating increasing amounts of private and
Sydney-based Ascalon Capital Managers, part of Westpac’s BT Group, has acquired a 30 per cent equity stake in Singapore hedge fund Canning Park C
Fuelled by high growth in Asia, specifically high yield bonds, Sydney-based HCAP Asset Management saw its flagship HCAP Global Diversified Fund achieve double-digit returns last year reporte
Nikko Asset Management has appointed Geoffrey Post (pictured) as Head of International Product Developme
Hedge funds, as measured by the Dow Jones Credit Suisse Hedge Fund Index, finished the fourth quarter up 0.71%, however, the overall performance for the year was down 2.52%, according to the Dow Jones Credit Suisse Hedge Fund Index 2011 Hedge Fund Market Review.
The industry also saw an estimated USD15 billion in inflows in 2011, bringing overall assets under management for the industry to approximately USD1.71 trillion. Assets have remained relatively stable, up 1% from 2010.
The Managed Futures and Fixed Income Arbitrage sectors experienced the largest asset inflows on a percentage basis in 2011, with inflows of 23%
Kleinberg, Kaplan, Wolff & Cohen, P.C. today announced that Kelly E Zelezen and Euchung Ung have been named members of Kleinberg, Kaplan, Wolff & Cohen firm, effective 1 January, 2012.
“Kelly and Euchung are tremendous assets to our firm and our clients,” says Andy Chonoles, Kleinberg Kaplan’s managing partner. “Their dedication to the practice of law and to delivering exceptional results reflects the firm’s commitment to cultivating our attorneys’ talents to provide the highest-quality service to our clients.”
Kelly Zelezen joined the firm in 2006 and concentrates her practice on the asset management industry, where she advises managers of hedge
Northern Trust has enhanced its offering to Fund of Hedge Funds (FoHF) clients with a new reporting platform that provides clients with better, more flexible access to key data elements. This, the latest in a series of enhancements, is available to Northern Trust’s FoHF clients worldwide, through its Hedge Fund Monitor product.
The new Hedge Fund Monitor reporting enables clients to: extract the specific elements they need and schedule queries for key data; create customised, user defined reports to assist in meeting regulations e.g. AIFMD, Form PF; facilitate demands for transparency through an on demand flexible reporting tool; and produce
The Financial Services Authority (FSA) has fined David Einhorn (pictured), owner of the prominent US hedge fund Greenlight Capital Inc (Greenlight), and his fund GBP7.2 million for engaging in market abuse in relation to an anticipated significant equity fundraising by Punch Taverns Plc (Punch) in June 2009.
On 9 June 2009, Einhorn was a party to a telephone conference in which it was disclosed to him by a corporate broker acting on behalf of Punch Taverns Plc that Punch was at an advanced stage of the process towards a significant equity fundraising. This was inside information and Einhorn should have
Average pension fund allocations to hedge funds over next five to 10 years ‘will reach 15 to 20%’, says Agecroft’s Steinbrugge
Net inflows to hedge funds could reach USD100billion this year – potentially the highest since they peaked at USD194billion in 2007 – with US pension funds likely to be the largest contributors. That’s opinion of Don Steinbrugge (pictured), Managing Partner of Richmond Virginia-based Agecroft Partners, a leading a third party marketing firm that specialises in hedge funds.
At the start of the year, Steinbrugge made a number of predictions for what might happen in the industry in 2012. These
Sandy McIntyre has been appointed to the position of chief executive officer at Sentry Investments. McIntyre, who joined the firm in 2000, will also continue in his current role as President.
John F Driscoll, Sentry’s Chairman and Director, says: "Sandy exemplifies all the qualities an excellent CEO should have – vision, leadership, talent and persistence. He has taken Sentry to new heights since he joined the company 12 years ago, including building our investment team to the point that it is recognised as one of the best in the industry. I have the utmost confidence that Sandy will lead us
