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In light of the current fiscal and monetary concerns that are gripping the minds of investors around the world, Institutional Asset Manager asked the heads of some of the world’s leading asset managers to share their thinking on portfolio management trends post-Lehman and beyond 2011 in concise fashion. Catherine Vaughn (pictured), Managing Director and Head of Asset Management, Highbridge Capital Management, examines alternative investments:
"The last three years have been a period of assessment and change for the alternative investment industry. While alternative asset managers continued to focus on generating positive absolute returns in a volatile market, they also invested heavily
PIMCO has launched the PIMCO GIS Credit Absolute Return Fund for investors seeking a global, diversified strategy that is focused on absolute return and not constrained by a benchmark. The PIMCO GIS Credit Absolute Return Fund, which has a “go-anywhere” investment style and can employ a wide range of investments, is managed by Mark Kiesel (pictured), a managing director and global head of corporate bond portfolio management.
The fund seeks out long-term, strategic investments as well as shorter-term tactical opportunities in an effort to provide positive returns in any market environment. It is designed to enable investors to diversify their
The Securities and Exchange Commission has charged UBS Securities LLC for inaccurate recording practices when providing and recording “locates” to customers seeking to execute short sales. UBS settled the enforcement action by agreeing to pay a USD8 million penalty and retain an independent consultant.
Broker-dealers are routinely asked by customers to locate stock for short selling, and a “locate” represents a determination by a broker-dealer that it has borrowed, arranged to borrow, or reasonably believes it could borrow the security to settle the short sale. Broker-dealers are required under Regulation SHO to accurately record the basis upon which it has
Evercore Partners Inc has agreed to purchase a 45% non-controlling interest in ABS Investment Management, LLC, an institutionally focused equity long/short hedge fund-of-funds manager. Under the terms of the purchase agreement, Evercore will pay approximately USD45 million in cash to the current partners of ABS.
Following the closing of the transaction, which is expected in the fourth quarter, ABS’ founders and employees will own 55% of the company. ABS founders Alain De Coster, Laurence Russian, and Guilherme Ribeiro do Valle, will continue to lead the company, and the investment processes and day-to-day operations will remain unchanged. The founders will sign
S&P Capital IQ’s equity research team invite you to join us for an hour’s look at our expectations for 2012, and our sectors and stocks to watch.
The seminar will be held on Wednesday 7 December 2011, at Pewterer’s Hall, London
Click here to register
Topics and speakers include:
The World in 2012: Expectations for European markets in 2012 and key themes
Robert Quinn, Chief European Equity Strategist, S&P Capital IQ
An overview of sectors and our selection of single stock equities (‘Power Picks’)
Alessandra Coppola, Director of Equity Research, S&P Capital IQ
View the seminar agenda
Register by 1
Saba Capital Management, the USD4.7 billion hedge fund set-up by credit derivatives trader Boaz Weinstein, has appointed Throgmorton to provide a full-range of back-office services for its new UK operations. Saba Capital set up its UK entities in June, and is currently awaiting FSA registration.
Throgmorton, one of the UK’s largest independent back office service providers to the hedge fund, private equity and corporate finance industries, will supply Saba Capital’s UK companies with accounting, VAT, company secretarial, human resources and health and safety services.
The Saba Capital UK branch has been launched as a research centre and sub advisor
Odey Asset Management LLP has launched the Odey Investments plc UCITS umbrella, domiciled in Ireland. The Odey Odyssey Fund, managed by Tim Bond and with USD82.3 million of assets, is one of the first UCITS funds to be authorised by the Central Bank of Ireland under the UCITS IV directive.
Another sub-fund under the umbrella, the Odey Giano European Fund, managed by Michele Regazzi, has also just been launched, with EUR12.6 million of assets.
Building on its existing relationship with Capita in the UK, Odey has appointed Capita Financial Administrators (Ireland) Ltd to provide daily dealing fund accounting, administration
In light of the current fiscal and monetary concerns that are gripping the minds of investors around the world, Institutional Asset Manager asked the heads of some of the world’s leading asset managers to share their thinking on portfolio management trends post-Lehman and beyond 2011 in concise fashion. Georg Schuh (pictured), CIO, DB Advisors, responds:
"We are seeing more institutional investors adopting total-return targets, instead of managing their assets relative to traditional benchmarks. This trend has gathered momentum in recent quarters and will continue to do so.
"Total-return targets give a portfolio manager much greater flexibility: for example, it is possible
London-based investment manager, Polar Capital, founded in 2001 and running USD3.9billion as at end-September 2011, has announced plans to launch a new Dublin
The first merger of an Irish authorised Ucits has been approved under the new merger regime for Ucits as set out in the UCITS IV directive reported law firm Dillon Eustace’s Financial Serv
