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361 Capital, a provider of alternative investment portfolios to major institutions, financial intermediaries, and high-net-worth investors, has launched the 361 Capital Systematic Index (bloomberg:361SI), a rules-based quantitative method that systematically generates technical indicators against price and volume trends on equity indexes.
The Index is constructed using a quantitative model based solely on broad equity markets that identifies when to maintain long or short market exposure. The firm employs a proprietary approach that utilises a combination of short- and medium-term trading signals to pinpoint entry and exit points on a daily basis.
The 361 Capital Systematic Index has more than ten
Private market advisory firm Somerset Capital has appointed Michelle M Donabedian as a partner. Donabedian is an experienced hedge fund marketer with a background at BlueBay, CQS, Credit Suisse, Tremont, and Man Investments. Somerset Capital’s Jill Hodges (pictured) was one of her clients when she was at Credit Suisse in 2007.
Hodges says: “I am delighted that Michelle has joined us. She is well-known as a bright and professional marketer and her relationships with investors will further strengthen our offer, both in the US and in Europe.”
Jim Miller, Managing Director, says: “I am delighted to welcome Michelle to the
Bernheim, Dreyfus & Co is to allocate a capacity of EUR200 million for its two main investment vehicles – Diva Synergy and Diva Synergy UCITS, to Hyde Park Investment.
The fund’s euro class returned +0.58% net of all fees last year, bringing the performance since inception in January 2007 at +25.00%. Over the past year, the fund significantly outperformed its benchmark index as the HFRX Event Driven Index was down -4.90%.
Meanwhile, the daily UCITS version of its flagship fund, launched in June 2011, returned +1.34% over its first seven months of operations (during the same period, the HFRX UCITS
The proposed European Union financial transaction tax (FTT) could lead to a significant decrease in cross-border trading of financial instruments in the EU, undermining the single market, according to the Alternative Investment Management Association (AIMA), the global hedge fund association.
AIMA, which has carried out a comprehensive analysis of the proposed FTT, said there would be a significant slowdown in trading of financial instruments like shares, bonds and derivatives in the EU.
The AIMA analysis concluded that the FTT would have widespread, unintended damaging consequences. As well as undermining the EU’s single market, the FTT would be likely to
SIG is increasing its weighting to equities against a background of almost universal investor pessimism, according to the firm’s latest monthly asset allocation report. In his monthly note, SIG CIO James Millard says, “investors remain very overweight cash” but “we are considerably more optimistic on the outlook for markets than consensus”…
Tensions in the global economy eased somewhat during December with the US growing above trend rate in the final quarter of 2011. In Europe, where many of the issues of 2011 remain unresolved, while the peripheral Euro countries will almost certainly stay in recession throughout 2012, the core countries may only
F-Squared Investments has brought in more than USD4 billion in net inflows during the 2011 calendar year, driving total assets under management or model manager agreements to nearly USD6 billion. The firm, which started 2011 at USD1.5 billion in assets, has experienced a growth rate of over 270 per cent for the year and a two-year growth rate of over 2,100 per cent.
F-Squared’s rapid rate of inflows underscores investors’ rising demand for strategies that meet the "Participate and Protect" definition: Ability to participate in rising equity markets yet still offer meaningful protection from significant market declines. The firm’s AlphaSector strategies
HedgeOp Compliance, LLC (HedgeOp), a provider of specialised compliance software and consulting services for investment advisers in the US, is merging with The IMS Group (IMS), a European governance, risk and compliance services group.
HedgeOp will operate as ‘HedgeOp Compliance – an IMS Group company’ from its offices in New York, Boston and San Francisco. Bill Mulligan, founder and Chief Executive of HedgeOp, will continue in his role and report to IMS Group Chief Executive, Michel van Leeuwen. The entire HedgeOp management team and staff will continue in their current roles.
The enlarged Group will have offices in London, New
Offshore law firm, Mourant Ozannes, has appointed Advocate Daniel Birtwistle as the Managing Partner of its Jersey office. His appointment will take effect from 1 February 2012.
Mourant Ozannes advises on the laws of the Cayman Islands, Guernsey and Jersey from offices in each of those jurisdictions as well as Hong Kong and London.
Birtwistle has been at the firm since 1995. He qualified as a Jersey lawyer in 1998 and was admitted as a partner in 2004. He ran the firm’s London office between 2006 and 2007 and has been on Mourant Ozannes’ management committee since 2008. A member
Newedge has appointed Andrew Roper as Director on its foreign-exchange (FX) sales desk. In this role, he will be responsible for providing cross asset sales solutions, while supporting the existing client base and introducing related products to institutional clients.
Roper, who will work from Newedge’s London office, reporting directly to Michael Bailey, Head of FX, has over twenty years experience in markets, most recently holding the position of Director on the FX Sales Desk at UniCredit. Prior to this role, he held similar positions at State Street Global Markets London and ANZ London.
“Newedge’s focus has always been on
Former RJ O’Brien Fund Management business development SVP Timothy Phillips has joined Systematic Alpha Management as Marketing Director.
Phillips, an institutional marketing and relationship management specialist, began his career in 1991 at Citibank. He has raised over USD200 million of new assets for managed futures strategies in his career, from both high net worth individuals and institutional investors.
After leaving Citibank in 1993 Phillips joined Refco, a New York City-based commodities firm, holding a variety of positions over 12 years, including Managing Director of the Refco Alternative Investments Group, acting as Head of Product Management and Director of Investor Relations.
