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Chilton Trust Management, in affiliation with Chilton Private Clients, has hired Timothy Horan from Morgan Stanley Smith Barney as Executive Vice President and Chief Investment Officer – Fixed Income.
Horan, currently Managing Director and Chief Investment Officer at MSSB Fixed Income Investment Advisors, will join CPC on 3 January, 2012. In his new role, he will work closely with Richard L Chilton, Jr, Chairman of Chilton Trust and CPC and who will continue to serve as Chief Investment Officer – Equities.
Joining Horan will be four experienced fixed income investment professionals, Debra Crovicz, William McNaught and Nicholas Rafferty –
Cutler Capital Management, LLC today announced that Robert Butman and Paul Bucci have joined Cutler Capital as Managing Directors and Portfolio Managers, adding to the firm’s expertise in convertible securities.
Butman and Bucci were previously at Second Moment Capital Management, LLC, a firm they co-founded in New Canaan, Conn. They have 18 years of experience working together.
“Bob and Paul bring a combined 40 years of experience investing in convertible securities to Cutler’s investment team,” says President David Grenier. “Their addition lays the groundwork for Cutler to expand its convertible products and makes Cutler more attractive than ever to both
Galbraith Capital has listed its Global Strategies Fund on the AlphaMetrix Global Marketplace (AGM).
"Galbraith Capital is excited to participate in listing our fund on AGM. We have long believed that it is of paramount importance to provide investors with transparency into our trading and stringent risk management," says Matt Aptman, Senior Vice President at Galbraith Capital. "The thoroughness with which AlphaMetrix has conducted their diligence substantiates their commitment to make AGM the premier marketplace for investors to evaluate funds. Galbraith Capital expects that by listing on the platform, potential investors will have better insight into our fund which will
The leading Asian economies have been quite active in their quest for more centralised clearing in the over-the-counter (OTC) derivatives markets. Japan and Singapore have taken the lead in setting up clearinghouses to deal with OTC derivatives such as credit default swaps and interest rate swaps, according to a new report, OTC Derivatives Reforms in Asia: Challenging for the Buy Side, from Celent, a Boston-based financial research and consulting firm.


The Asian central clearing model is going to be slightly different from that expected in the US and Europe. In those markets, there are norms for the trading of standardised
PerTrac has launched a new service that offers hedge fund administrators the ability to deliver performance tear sheets to their hedge fund clients, including how well the funds performed relative to benchmarks. Hedge fund managers can offer these alternative tear sheets to investors as independent, third-party verification of their hedge fund performance.
The new solution, called PerTrac Reporting-as–a-Service (RaaS), debuts at a time when institutional investors are demanding more transparency and independent verification of performance results from hedge funds.
"Transparency, governance and independence in the assessment and reporting of all performance related measurements and processes continue to be the main
Hong Kong based asset management firm, Enhanced Investment Products (EIP) makes strategic hires in a move to grow its alpha and beta business. Paul So, who joined the firm in May 2010 as Head of Beta Products, has been hiring key positions with a view to increasing the firm’s beta offering and moving his side of the business further into Exchange Traded Funds.
Since inception in 2002, EIP has provided beta investment opportunities in the Asia Emerging Markets through its Enhanced Index Funds, investing in Taiwan, China, India, Indonesia, Korea, Malaysia, Philippines and Thailand, to predominantly institutional investors. Responsible
UBS AG has acquired an equity stake in Chi-X Global Holdings LLC and will join the consortium of five financial institutions that recently bought a minority stake in the firm.
The group that UBS joins comprises BofA Merrill Lynch, GETCO LLC, Goldman Sachs, Morgan Stanley, and Quantlab Group LP. Instinet Incorporated, a Nomura Group company, remains the largest equity holder through a subsidiary company.
“We are pleased to welcome UBS to our group of world class, distinguished equity partners.” says Tal Cohen, CEO of Chi-X Global, “As we continue to expand our global presence through new product offerings and strategic
The Securities and Exchange Commission has filed a civil injunctive action in the United States District Court for the Southern District of New York charging two individuals with engaging in a fraudulent scheme to overvalue illiquid asset holdings of the now insolvent hedge fund, Millennium Global Emerging Credit Fund, and thereby inflate the Fund’s reported returns and net asset value.
The defendants named in the Commission’s complaint are Michael Balboa, the Fund’s former portfolio manager, and Gilles De Charsonville, a broker with BCP Securities, LLC.
The SEC’s complaint alleges that from January through October 2008, Balboa surreptitiously provided De Charsonville
The United States District Court for the District of Colorado has entered judgments against Richard Dalton and Universal Consulting Resources LLC (UCR) and ordered them to pay USD15,842,948, which includes a civil penalty of USD7,549,458. The Court found that Dalton routinely provided investors with false and materially misleading information about investments contracts known as the Trading Program and the Diamond Program.
The Court stated that Dalton told investors they would receive annual profits ranging from 48% to 120% when, in fact, he was operating a Ponzi scheme, with new investors providing the funds for UCR’s profit payments to existing investors.
The Systematic Alpha Futures program, managed by the New York-based CTA Systematic Alpha Management (SAM), has been listed on the AlphaMetrix Global Marketplace, the fastest growing hedge fund marketplace in the US.
AlphaMetrix offers investors the option of allocating to hedge funds via separately managed accounts (SMAs), pooled managed accounts (PMAs) and a new product, Transparent Funds. The latter funds, introduced in May 2011, enable managers to retain their existing hedge fund structure, while AlphaMetrix provides intraday portfolio prices, risk analytics and reports to investors.
AlphaMetrix provides users with sophisticated analytics, portfolio construction tools, due diligence and risk reporting, risk
