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HazelTree, a provider of Treasury management services for alternative investment managers, has announced the appointment of Paul Calderone to the position of Managing Director of Operations, effective immediately.
Calderone brings a wealth of knowledge and experience from his years in institutional sales and development at Credit Suisse. In his new position, he will manage all aspects of HazelTree’s rapidly expanding operations, which are focused on delivering high-performance Treasury functionality to multi-primed hedge funds.
"HazelTree’s client base has tripled over the past six months, so Paul is joining us at a particularly exciting and opportune time," says company CEO Stephen Casner
The Luxembourg funds industry continued to expand over the last 12 months despite the eurozone crisis and declines in major stock indices. The number of funds in Luxembourg rose by 4.84% to 3,833 and net sales amounted to EUR16.998bn. While total AUM decreased over the period by EUR101.453bn, mainly as a result of market depreciation, total assets under management were still a steady EUR2,059.419bn, second globally only to the US.
The increase in net sales and funds enabled the Luxembourg fund industry to continue to maintain and even create employment in 2011. The Luxembourg financial centre, of which the fund
Total capital invested in the hedge fund industry regained the USD2 trillion milestone to conclude 2011, according to data released today by HFR (Hedge Fund Research). The industry originally eclipsed USD2 trillion in AUM in Q1 2011 and peaked at USD2.04 trillion at mid-year before declining to USD1.97 trillion to end the volatile Q3 11.
Total hedge fund AUM finished the year at USD2.01 trillion, as Q4 2011 performance gains offset a nominal net capital outflow of USD127 million, a figure representing approximately 0.007% of total industry AUM. For the full year 2011, investors allocated USD70 billion of net new
Trinity Fund Administration (Cayman) Ltd has opened a new office in New York City. The New York office will be primarily a local contact point enabling the firm to better facilitate its North American clients and business partners.
John McCann (pictured), Managing Director of the Trinity Group, says: “North America is a key market for us, and we are absolutely delighted to be opening up a New York office which will further support our existing clients in the region, as well as bring in new prospective investment managers to our global business. We have no doubt that the opening of
With investment markets characterised by extreme levels of volatility in 2011, a trend that is expected to continue in 2012, investors need to review their investment approach in order to ensure satisfactory growth in their assets. According to Selwyn Pillay (pictured), portfolio manager at Blue Ink Investments, traditional policies and strategies may not necessarily result in palatable investment returns, especially if the general movement of asset classes (beta returns) fails to deliver conventional levels of growth.…
The funds that will outperform in 2012 are those run by managers who are able to be significantly unconstrained and flexible enough to exploit these
The Salus Alpha Equity Hedged had a performance of +4.77% for December, outperforming the S&P 500 Index by +3.92%. The 12 month rolling alpha of Salus Alpha Equity Hedged to the S&P500 is 6% p.a., the 12 month rolling beta is currently -0.1. This implies that in the past 12 months, the fund had a return of 6% due to active management (alpha). The Salus Alpha Equity Hedged currently has a 5% exposure to Long Bias, 42% to Market Neutral, 47% to Long Short Variable Bias, and 6% to Short Bias.
The Salus Alpha Managed Futures had a performance
AlphaMetrix Global Marketplace has listed the first dedicated residential mortgage-backed security (RMBS) fund. The fund is managed by Performance Trust Investment Advisors (PTIA), which is headed by its chief investment officer, Peter Cook, CFA.
Cook previously founded and managed Rochester Partners, a long/short equity hedge fund, from 1997 through 2006. Prior to that time, he managed a hedge fund for Templeton Global Advisors and was vice president of interest rate and currency swaps at UBS in New York.
PTIA’s team is supported by an institutional-class infrastructure led by its president, Douglas Rothschild.
"We are extremely excited to list our RMBS
The National Futures Association (NFA) has begun accepting applications from swap dealers (SDs) and major swap participants (MSPs) pursuant to the recent final registration rules and delegation of authority order that were approved by the Commodity Futures Trading Commission (CFTC) on 11 January.
The CFTC’s final rules require all SDs and MSPs to be registered with the Commission and become members of a registered futures association. NFA is currently the only such organisation. Applying for registration will not be mandatory until the CFTC finalises its rules defining SDs, MSPs and swaps and they become effective. However, persons who believe that
Despite the fact that swaps execution facilities (SEFs) don’t technically exist yet and swaps market liquidity isn’t fragmented today, swaps dealers tell TABB Group in a new research report that they intend to spend millions to create, implement and market swaps liquidity aggregation systems to their buy-side client base.
According to Kevin McPartland, a TABB principal, director of fixed income research and author of “Swaps Liquidity Aggregation: Best Execution to Product Selection,” liquidity in the most liquid parts of the swaps market is going to fragment. “Whether there will be three or as many as 10 SEFs per asset class
MarketAxess Holdings Inc, the operator of an electronic trading platform for US and European high‐grade corporate bonds, emerging markets bonds and other types of fixed‐income securities, has received authorisation from the Comissão de Valores Mobiliários – CVM (Securities and Exchange Commission of Brazil) and the Central Bank of Brazil to offer e‐trading of local currency debt.
Brazilian local currency government and corporate bonds are available on the MarketAxess trading platform. Global institutional investor clients can benefit from MarketAxess’ patented RFQ technology to request competitive, executable bids or offers to multiple broker‐dealers, and execute with the dealer of choice.
“We are
