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David Miller (pictured), Partner at Cheviot Asset Management, has this afternoon Commented on the OECD’s report which has slashed global growth rates and said that Britain may slip into a modest recession, David Miller, partner at Cheviot Asset Management, says that a European recession “is already in the Market price”…
“Right now the Markets are more concerned about a solution to the debt problem than the findings of the OECD report. In fact the OECD’s Eurozone predictions actually bring it more in line with what the market consensus already is.
The US is showing signs that it is continuing to
Victory Park Capital (VPC), an alternative asset management firm that provides direct financing solutions to small cap and middle-market companies, has completed fundraising for VPC Fund II, its distressed private equity and debt vehicle, with capital commitments of approximately USD480 million. VPC Fund II’s limited partners consist of a broad group of top-tier institutional investors, endowments and foundations.
Richard Levy (pictured), managing partner of VPC, says: "We are truly appreciative that VPC Fund II exceeded our initial target of USD400 million and that our value-added, hands-on approach to smaller company investing was well received.”
VPC Fund II will implement a
Alter Domus has opened a new office in London. Headquartered in Luxembourg, the firm already has offices in Belgium, the People’s Republic of China, Cyprus, Guernsey, Hong Kong, Ireland, Jersey, Luxembourg, Malta, the Netherlands, Mauritius, Singapore, and USA (New York).
“Alter Domus’ new London office is the 14th location we have established since 2003. It gives us an even greater ability to meet the evolving needs of our clients in the United Kingdom,” says Dominique Robyns, CEO of Alter Domus. “We are committed to providing exceptional professional administration services on the global stage, and to that end we continue to
Alternative investment provider Direxion has named Harold W Clemons as its new Senior Sales Director for the Mid-South region.
Clemons is responsible for selling all of Direxion’s buy-and-hold alternative investment strategy products to financial advisors across all channels, including wirehouse, regional broker dealers, registered investment advisor (RIA) and others in his territory. Clemons will serve advisors in Texas, Oklahoma, Louisiana, New Mexico, Arkansas, Kansas and Missouri, and be based in Texas.
"Harold is exactly the kind of seasoned industry professional we want on the Direxion team as we empower an ever-increasing number of advisors and their clients to employ alternative
Richard Fleming, Richard Heis and Mike Pink of KPMG LLP, the Joint Special Administrators of MF Global UK Limited, have announced a timeline for the return of client money and client assets.
MF Global UK Limited customers with claims against funds in the client money pool and/or with claims against client assets can complete and submit a claim form from Thursday 8December. All claims against client assets and the client money pool are requested to be submitted by Friday 30th March 2012. There is no bar date (as provided for in the special administration regime) set at this stage for claims against
According to a report released today by Oliver Wyman, the AIFMD will lead to some re-domiciliation of alternative investment funds to onshore locations in Europe, mainly from European based managers. However, the offshore centres – Caymans and Delaware – will continue to be major domiciles for these funds.
The study, commissioned by the Association of the Luxembourg Fund Industry (ALFI), looks at which major offshore centres of fund domicile are currently used by alternative investment funds, looking separately at hedge funds, private equity funds and real estate funds. It also looks at potential future trends and how they may impact
Pictet Asset Management, the asset management and fund distribution arm of Swiss private bank, Pictet & Cie, one of the country’s oldest largest private banks, announced this week
Managers sitting on ML Capital’s MontLake platform are about to gain exposure to hundreds of banking groups across the German and Swiss markets.
Asia and the Middle East could potentially become major offshore centres for alternative investment funds according to a report published by the Association of the Luxembourg Fund Industry (
Jersey Finance says it is encouraged by the contents of the European Securities and Markets Authority (ESMA) report on the Alternative Investment Fund Managers Directive (AIFMD), which was published last week and contains its final recommendations to the European Commission.
There has been a change in the wording between the earlier draft and the final report in one important aspect in respect of ‘third countries’, the term used to describe jurisdictions outside of the EU. Though the regulatory standards remain high and robust, the change is positive for ‘third countries’ since it makes it less onerous to achieve compliance. The
