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Citi’s Singapore unit has sued Hong Kong-based hedge fund manager Raghavendran Rajaraman over a USD1million shortfall incurred after it liquidated his gold account reported FINalternatives.
Normal assumptions about investing in share and bond markets have been turned upside down by Europe’s debt crisis, according to John Chatfeild-Roberts (pictured), Chief Investment Officer and Head of the Jupiter Merlin Independent Funds Team at Jupiter Asset Management…
Making investment decisions has become trickier than ever with the gloomy outlook for the world economy on the one hand, but on the other, attractive valuations of many assets. Markets have swung like a pendulum as investors respond to these opposing pressures.
The start of a New Year changes nothing. 2012 will be a year when investors need what Tolstoy called
Hatteras Funds, a boutique alternative investment specialist providing alternative investment solutions for financial advisors and their clients, has renamed the Hatteras Multi-Strategy Fund as the Hatteras Core Alternatives Fund. The Fund’s strategies, objectives and management will not change.
Renaming the fund further distinguishes and better articulates the Hatteras Core Alternatives Fund from other multi-strategy funds of funds. Managed in partnership with Morgan Creek Capital Management, the core alternative investment solution allocates to both hedged strategies and private investments in a single investment vehicle, making it unique in the industry.
"As the alternative investing landscape evolves, renaming the Hatteras Multi-Strategy Fund
Black Diamond Capital Management, an alternative asset management firm with over USD10 billion in assets under management, has appointed Kenneth Rubin as a Senior Managing Director and Hedge Fund Portfolio Manager.
Rubin will have responsibility for the hedge fund platform along with Stephen Deckoff, Managing Principal of BDCM. Rubin will be based in Black Diamond’s Greenwich, Connecticut office.
Deckoff says: "I am excited to have Ken joining our team and am confident that with his demonstrated investment success and his deep experience in credit and distressed investing he will be a great asset to Black Diamond. Ken will play a
Mark Baak (pictured) has joined Darwin Platform with effect from 1 January, 2012. Baak, the former Head of Portfolio Management at Finles Capital Management, will be responsible for the support and coordination of various investment management initiatives either tailor made or efficiently through Privium Fund Management.
“Despite the volatile market climate there are numerous good investment management initiatives that deserve a chance, says Baak. “These are of utmost importance for the innovative character and evolution of the financial industry.”
Clayton Heijman, founder and CEO, says: “As a result of the increasing requirements of investors, increased regulation and supervision both existing
Schulte Roth & Zabel LLP has appointed Eric A.Bensky, Jennifer Dunn, Christopher S.Harrison and David J Karp as partners. The firm has also promoted James T Bentley, Michael G Cutini, Farzad F Damania, William I Friedman, Frank J LaSalle, James Nicoll and Leonora M Shalet to special counsel.
Bensky is resident in the firm’s Washington, DC office. The other new partners and special counsel are located in the firm’s New York office. Karp is resident in both the New York and London offices.
"We are very proud of these individuals who have distinguished themselves through their contributions to
The Securities and Exchange Commission (SEC) has charged Texas-based financial services firm Life Partners Holdings Inc and three of its senior executives over their involvement in a fraudulent disclosure and accounting scheme involving life settlements.
The SEC alleges that Life Partners chairman and CEO Brian Pardo, president and general counsel Scott Peden, and chief financial officer David Martin misled shareholders by failing to disclose a significant risk to Life Partners’ business: the company was systematically and materially underestimating the life expectancy estimates it used to price transactions. Life expectancy estimates are a critical factor impacting the company’s revenues and profit
Stuart Howard has joined HarbourVest as Chief Operating Officer, European Listed Products. Based in London, Howard is responsible for overseeing HarbourVest’s role in the operations of HarbourVest Global Private Equity Limited (HVPE) and HarbourVest Senior Loans Europe (HSLE), two listed investment companies managed by HarbourVest affiliates.
Stuart joins HarbourVest from 3i, where he spent over ten years, most recently as Chief Operating Officer for Asia and the Americas. He has also held senior positions within 3i Infrastructure plc and 3i’s Quoted Private Equity plc. Stuart is a chartered accountant and prior to joining 3i in 2001 was at Credit Agricole
When it comes to emerging markets, China invariably seems to be the focus of attention, but the country to watch in 2012 is India, according to Edward Bland, Head of Investment Research at Duncan Lawrie Private Bank…
We are keen on emerging markets, especially India, because they offer the best prospects for the long-term equity investor. The effect on India from the continuing crisis in the Eurozone is likely to be less pronounced than on other Asian economies, including China, as the Indian economy is less dependent on exports than its neighbours. Currently I see India as a contrarian buying
RiverCrest Capital, the absolute return fund management business established by Sir John Beckwith’s (pictured) Pacific Investments in 2011, has rolled out its second offering with the launch of the European Equity Alpha Fund.
The Fund’s objective is to achieve consistent and uncorrelated absolute returns of 12-15% (net of fees) with a target volatility of 5 – 8%, whilst preserving investor capital. The European Equity Alpha Fund is UCITS registered and operates via Morgan Stanley’s FundLogic Alternatives Platform.
The Fund is managed by Giles Worthington and Tim Short, who each have over 16 years’ experience in the European equity market,
