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In ten years’ time a large number of today’s hedge funds will have disappeared and the challenge for investors today is being able to wade through the volume of hedge funds and allocate to those that are going to survive according to Dr Magne Orgland (pictured), Managing Partner and Head of Asset Management at Wegelin and Co, Switzerland’s oldest bank.
At the Hedge Funds World Zurich conference hosted by Terrapin on Tuesday 15 November spoke about the benefits of alternative Ucits to experienced investors.
Orgland said FoHF firms, which dedicate enormous amounts of manpower and due diligence to identify the
PIMCO, the global investment management behemoth, has added a new fund to its UCITS-compliant Global Investor Series (GIS) fund range.
Glendevon King Asset Management, the independent fixed income boutique based in London, Guernsey and Luxembourg, announced this week the launch of a Norwegian Krone class (NOK) in its new Gl
Swiss banking group SYZ & CO announced this week the launch of a new sub-fund, OYSTER Global High Yield, which, as its name suggests, will invest in high yield fixed income investments.
GAMCO Investors Inc announced that its advisory subsidiary, Gabelli Funds L
Gnip, a provider of public social media data for enterprise applications, has launched Gnip MarketStream, a product designed to incorporate the most relevant social media data streams into a single solution for hedge funds and high-frequency traders
Gnip also announced a premium partnership with StockTwits, a realtime financial platform for the investing community and creator of the $(TICKER) tag. The partnership will allow Gnip to further serve its investment and asset management clients with an even deeper range of options tailored exclusively to their realtime social data needs.
This latest expansion into financial services comes on the heels of increasing
Currensee has launched its Trade Leaders Investment Program for institutional clients and their investors. HedgeCo Securities LLC, a subsidiary of HedgeCo Networks, will also be introducing the Currensee Trade Leaders Investment Program to its growing network of institutional investors.
For financial institutions seeking to expand portfolio offerings, the Trade Leaders Investment Program provides a turnkey foreign exchange (Forex) investment service. The new service enables hedge funds, money managers, family offices and other asset gatherers to tap into the USD4 trillion daily Forex market by leveraging the elite Currensee network of Trade Leaders.
Financial institutions also have the benefit of managing
NYSE Euronext and Deutsche Börse AG confirm that they have submitted a remedy proposal to the European Commission’s Directorate-General for Competition (DG Competition). The proposed remedies are designed to address the remaining concerns of DG Competition in derivatives trading and clearing while preserving the compelling industrial logic of the transaction.
The remedy proposal aims at eliminating the existing overlap in European single equity derivatives and ensures continued competition in European interest rate and equity index derivatives.
With respect to European single equity derivatives, the notifying parties have proposed to divest the portions of their respective businesses in which they
Beaumont Advisors Limited has launched a new business offering hedge fund operational due diligence services.
Seasoned hedge fund industry veterans, Lori Barton and Gillian Scott (pictured) who have collectively performed over 800 due diligence assignments, are leading Beaumont’s hedge fund operational risk practice.
“Investor demand for hedge fund operational due diligence services is at an all-time high. The reporting of sizeable hedge fund failures in the financial press has catalyzed demand, particularly post the staggering Madoff losses” says Lori Barton “however, there is also wide-spread consensus among hedge fund investors that operational due diligence is an essential component of an
The National Futures Association (NFA) and Tullett Prebon have entered into an agreement that paves the way for NFA to perform regulatory services for Tullett Prebon’s swap execution facility (SEF).
The Agreement establishes a preliminary framework for the exchange of information and the development of technology standards that will enable Tullett Prebon and NFA to develop, test and launch automated trade practice and surveillance systems and also to develop procedures and processes necessary for Tullett Prebon to fulfill its SEF self-regulatory obligations. Upon the issuance of the Commodity Futures Trading Commission’s (CFTC) final SEF rules, NFA and Tullett Prebon anticipate
