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MAM Funds expects its adjusted profit for the year ended 31 December 2011 to be materially ahead of current market expectations driven by revenue ourtperformance and cost control.
Amortisation is expected to be in line with prior years, while exceptional items are expected to include GBP1 million in respect of restructuring costs.
Funds under management at 31 December 2011 were unchanged over the year at GBP1.7 billion. The strong sales of Miton funds in the second half of the year were largely matched by expected redemptions from Midas funds. In addition, in a difficult market environment the successful launch of
Hermes BPK Partners, the USD2.3 billion alternative advisory boutique and fund of hedge funds manager, has launched Alpha Vault Managed Futures (Alpha Vault) with USD275 million of investment.
The alternative investment managed account solution is designed to provide portfolio protection to institutional investors during periods of market turbulence through concentrated investments in the medium term Commodity Trading Advisors (CTAs) space and has been developed following discussions with institutional clients throughout 2011.
This investment solution uses CTAs, also known as Managed Futures programs, to profit from upward and downward price trends in the liquid global futures markets. Through strict risk
PineBridge Investments has signed an agreement to invest in, and provide services to, Method Holdings (Method), a financial holding company focused on aggregating the wealth management subsidiaries of “Top 100” CPA firms.
The PineBridge-Method partnership is designed to bring PineBridge’s proven investment strategies, asset allocation capabilities and manager selection expertise to Method’s wealth management platform for Registered Investment Advisors.
Method invests in, and provides asset management services to, the wealth management subsidiaries of large public accounting firms. These services range from a state-of-the-art investment platform to providing investment advice to individual investors.
“PineBridge has a long history of being a
Meeting performance expectations is the number one challenge facing institutional hedge fund investors in 2012. At least that’s according to SEI’s fifth annual global survey entitled: The shifting hedge fund landscape: Part I of II, which the US firm conducted in collaboration with Greenwich Associates. Senior investment professionals from 105 institutions took part in the survey, the majority of whom (85%) were based in the US.
2011 was the second-worst year, performance-wise, for hedge funds: the average global fund was down 5%. Although the survey found that three of the four primary objectives for hedge fund investors related to risk
BlackRock, Inc has reported full year diluted EPS of USD12.37, up 17% from 2010. Fourth quarter 2011 net income of USD555 million was down 7% from third quarter 2011 and 16% from a year ago.
Operating income for the fourth quarter and full year 2011 was USD808 million and USD3.2 billion, respectively. The full year 2011 operating margin was 35.8%. In the fourth quarter, BlackRock repurchased approximately 618,000 shares.
As adjusted results: Full year 2011 operating income of USD3.4 billion improved USD225 million, or 7%, and diluted EPS of USD11.85 improved 8% compared with 2010. Fourth quarter diluted EPS
US hedge fund Independence Capital Asset Partners (ICAP) has launched an onshore UCITS-compliant version of its flagship fund in conjunction with Swiss f
Ireland has ushered in its first Malaysian-managed fund platform this week.
German asset management firm, Fortinbras Asset Management, this week announced the launch of a new UCITS fund in conjunction with Deutsche Bank.
Increasingly, with Europe in turmoil and investors scratching their heads for the next growth story, the likes of Brazil, Chile, Columbia are gaining popularity
International fund service provider Ifina Group and Isle of Man-based fiduciary service provider IQE have announced a co-operation initiative designed to strengthen both firms’ expertise, extend the services offered to clients and allow each firm to gain access to new jurisdictions. According to Ifina director Derek Adler (pictured), the two firms have been in discussions about possible co-operation for several months.
International Financial Administration Group is a multi-jurisdictional group of companies providing investment fund formation and administration and valuation services for investment funds domiciled in major centres including the UK, British Virgin Islands, Cayman Islands, US, Malta, Switzerland, Austria, Panama,
