Latest News
By Peter Niven – Guernsey has an investment fund industry with a heritage that stretches back half a century. During the past two decades, the sector has seen a gradual yet sustained shift where the balance of business has moved from being largely retail, equity-traded/cash-based schemes to predominantly institutional, alternate and niche funds.
The period included significant growth, particularly of esoteric asset classes through the middle of the last decade. This experience means that Guernsey has built a wealth of expertise and first class infrastructure for the structuring, management, administration and custody of not just traditional funds but also alternatives,
The Commodity Futures Trading Commission (CFTC or Commission) has released findings of limited reviews of futures commission merchants (FCMs) to assess compliance with requirements to segregate customer funds pursuant to Section 4d of the Commodity Exchange Act (ACT).
The limited reviews also covered the FCMs’ obligation to set aside in secured accounts funds deposited by customers for trading on foreign boards of trade under Section 4(b) of the Act and Part 30 of the Commission’s regulations. As of the review date for each FCM, all of the FCMs were in compliance with the segregation or Part 30 secured amount requirements.
AlphaMetrix LLC, founder of the AlphaMetrix Global Marketplace (AGM), has acquired the hedge fund managed account assets of WR Group LLC.
The acquisition of WR’s managed account assets across multiple strategies and asset classes will serve to strengthen the depth and breadth of the services AlphaMetrix provides via the Marketplace.
"This is an important example of our ongoing efforts to expand upon AlphaMetrix’s already broad offerings to clients and increase the opportunities we provide investors, funds and service providers," says Aleks Kins (pictured), CEO of AlphaMetrix. "We look forward to an integration that is seamless for all clients."
In addition,
The decision by the FSA to fine David Einhorn and his firm, Greenlight Capital, GBP7.2 million demonstrates the FSA’s commitment to stamping out market abuse, says Gregory Brandma
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
