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Interview with Tim Clipstone, Partner, Walkers BVI – The recent ruling in September 2011 by Justice Edward Bannister QC not to allow the liquidators of Fairfield Sentry – the largest hedge fund invested in Bernard L Madoff Investment Securities LLC – to claw back investor redemptions illustrates well the strength of the BVI judiciary system.
As Tim Clipstone (pictured), a partner in the Global Investment Funds and Corporate Groups, Walkers BVI, comments: “Whatever is thought of the outcome, given that Madoff was the biggest fraud on Wall Street the easiest thing to do would have been to roll over and
By James Williams – In 2009 the BVI, perhaps surprisingly given that its been a long-time member of IOSCO, found itself on an OECD ‘grey list’ of jurisdictions deemed to have done an insufficient amount to implement international standards on tax information exchange. It was soon rectified. The minimum number of Tax Information Exchange Agreements – TIEAs – stipulated by the OECD is 12: the BVI got these within one month of the grey list being reported.
Today, it has 21 TIEAs, 12 of which are with EU member states including the UK, France and Germany.
This illustrates the
361 Capital, a provider of alternative investment portfolios to institutions, financial intermediaries, and high-net-worth investors, has launched two mutual funds built on two of the firm’s existing alternative strategies, the 361 Long/Short Equity Fund and the 361 Managed Futures Strategy Fund.
The new funds are intended to complement the firm’s existing market neutral mutual fund, the 361 Absolute Alpha Fund, offering advisors additional alternative investment strategies for their clients.
"Our philosophy begins with the belief that alternative investments have a place in most investment portfolios," says Tom Florence (pictured), CEO of 361 Capital. "Providing access to two more of our
The hedge fund industry faces challenges in 2012, but also a year of significant opportunity, according to a Barclays Capital report, The Money Trail, released today.
The report contains analysis based on a survey of 165 investors conducted at the firm’s recent Prime Services Hedge Fund Symposium hosted in New York, as well as one-on-one investor interviews and other industry analysis. The surveyed investors manage approximately USD4 trillion in assets under management (AUM), of which approximately USD500 billion is allocated to hedge funds. This represents one quarter of the hedge fund industry’s total AUM.
With an uncertain macro economic environment
The Federal District Court for the Southern District of New York has dismissed all claims against Systematic Alpha principals arising from the Matveev v Batratchenko case, with prejudice.
The action was brought by Nicolay Matveev, a citizen of the Russian Federation, asserting claims arising from investments he made in “programs” operated from Russia and other countries by Oleg Batratchenko and various Thor Group companies he controls. Systematic Alpha Management, Peter Kambolin, and Alexei Chekhlov (the “Systematic Alpha Parties) were named as defendants in the action based on allegations that they were connected with Batratchenko’s investment programs.
The Consent Judgment expressly
BlackRock’s iShares Exchange Traded Funds (ETFs) business is to list eight new ETFs on BATS Exchange, marking BATS’ first primary listings.
The iShares MSCI Norway Capped Investable Market Index Fund is scheduled to commence trading on BATS Exchange on January 24 and the remaining seven funds will begin trading soon after.
"iShares is one of the leading global providers of exchange-traded products and we are proud to kick off the new year by welcoming their new products to our market. The innovation and leadership that iShares brings to capital markets makes them the perfect partner for our first primary listings,"
Rapid Ratings, an independent ratings, research and analytics firm, has appointed Jeffrey Gibb as Senior Vice President of Strategic Relations & Head of Legal Operations.
Gibb, a former practicing attorney, in-house counsel for GE Capital and entrepreneur, will have a multi-faceted role at Rapid Ratings. He will be primarily responsible for legal affairs and business development initiatives. Gibb will also work closely with Chairman and CEO, James H Gellert, on regulatory and legislative activities in Washington DC.
“Jeff has a wealth of experience across the legal, regulatory and investment sectors that will be of material benefit to Rapid Ratings’
Oak Hill Advisors has promoted Alexandra Jung, Adam B Kertzner, Jeffrey E Kirt and Thomas S Wong to partners of the firm. In their new positions, they will join the firm’s existing six partners in leading the firm and directing its investment activities in distressed and performing credit markets in both the US and Europe.
Glenn R August, President and founder of Oak Hill Advisors, says, “We are very pleased at the appointment of these four new Partners. Their promotion is a testament to the depth and quality of our team and our commitment to developing talent. Each of
Hong Kong financial regulator, the Securities and Futures Commission (SFC) has authorised a new and innovative suite of ETF products to be rolled out by local as
Europe’s leading seeding platform, IMQubator (IMQ), and Synergy Fund Management, a Hong Kong-based fund manager established by Eliza Lau
