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The Greenwich Roundtable has released a white paper describing how investors can manage complexity of alternative investments to improve their returns.
The Greenwich Roundtable is a leading not-for-profit research and educational organization comprised largely of institutional investors overseeing collectively USD2.2 trillion in assets.
The research paper focuses on understanding the many and varied risks involved in hedge funds and private equity, and describes the best practices and due diligence steps that investors need to pursue to manage those risks. The white paper also explores the complexity of volatility, leverage, and liquidity and how these factors together can compound risk.
Fund administrator Kaufman Rossin Fund Services (KRFS) has introduced a new service designed to assist SEC-registered investment advisers of private funds in meeting their Form PF obligations.
Form PF was adopted as part of a new rule which was unanimously approved by The Securities and Exchange Commission (SEC) on 26 October, 2011. This new rule will require certain advisors to private funds to report specified information about the funds they advise to the SEC on Form PF. This information will be used by the Financial Stability Oversight Council (FSOC) in monitoring risks to the US financial system.
KRFS is prepared
Benros Capital recently implemented the Imagine Software’s award-winning, cloud-based ASP service. Benros, a newly-formed European event-driven hedge fund founded by former Goldman Sachs proprietary traders Daniele Benatoff and Ariel Roskis, employs the system to provide real-time portfolio and risk management of its global equity, derivative, and FX operations.
"Imagine stood apart from the other providers we evaluated because it alone offered institutional-grade functionality within an affordable and scalable cost structure," says Ariel Roskis, Chief Investment Officer of Benros. "We needed intra-day, firm-wide risk and P&L oversight, as well as extensive reporting capabilities. Imagine’s live portfolio management and risk exposure monitoring
The Dow Jones Credit Suisse Hedge Fund Index posted its largest monthly gain since April and finished up 1.73% in October.
Equity and credit based strategies such as long/short equity, emerging markets, event driven, and distressed were some of the top performers in October. However, the strategies remain in negative territory year-to-date.
Tactical trading managers showed a bifurcation in performance as global macro managers posted positive performance while, on the purely systematic side, managed futures funds posted negative performance, largely due to losses from trend-following models.
On the relative value front, fixed income arbitrage managers posted a small gain despite
Krishna Kumar, Ade Odunsi and Treesdale Partners have formed Goose Hollow Capital Advisors to run two FX investment strategies, FX Global Income Access and Commodity Producers Currency Access.
Kumar and Odunsi are veterans of the FX business with a combined 28 years of experience in the FX business. Treesdale Partners is a SEC registered RIA founded in 2002 that manages approximately USD300 million in a number of fixed income focused alternative investment vehicles, for a global clientele including insurance companies, endowments, pensions, banks and wealth managers.
"We feel these investments meet a number of increasingly important needs for our clients,
Gregory McGreevey is to join Invesco as head of Invesco Fixed Income on 28 November, 2011. Based in Atlanta. he will assume responsibility for the day-to-day business oversight of Invesco’s fixed income business, and willreport to Karen Dunn Kelley, senior managing director.
“I‘m pleased that Greg McGreevey, a respected industry veteran with 25 years’ investment and leadership experience, is joining Invesco,” says Kelley. “With his broad knowledge of the industry and strong investment background, McGreevey is uniquely qualified to continue taking Invesco’s fixed income business forward.”
McGreevey says, “I am delighted to join such an outstanding asset management organization.
In October, after plummeting for five months, the equity market displayed astonishing versatility, with the S&P 500 index registering a positive double-digit return (+10.93%), its best monthly performance over the past twenty years, supported by a strong fall (-13%) in implicit volatility (30.0%), says EDHEC. Although it has not recovered from the cumulative loss over the past five months (-16.26%), the S&P 500 index renewed with YTD profitability.
The bond market also brightened as both regular bonds (+1.07%) and convertible bonds (+5.36%) recorded their best score over the past year. On the commodities market (+9.64%), the rebound was impressive but
The US Commodity Futures Trading Commission (CFTC) has filed a complaint in federal court in Santa Ana, California, charging defendants Robert J Cannone of Laguna Niguel, Thomas B Breen of San Juan Capistrano, Francis Franco of Anaheim, and their company National Equity Holdings, Inc. of Laguna Niguel, with fraudulently operating a USD1.4 million commodity futures pool and with registration violations.
The CFTC complaint, filed in the US District Court for the Central District of California, alleges that from at least May 2009 through at least May 2010, the defendants fraudulently solicited and accepted at least USD1.4 million from 20 or
Patrician Asset Management has launched the Citizen Entertainment Fund to focus on debt investments in media companies. CEF’s first investor is a major European public company.
The fund is a low volatility, non-correlated debt fund and is managed by Film industry veteran’s David Forbes and Brian Gilmore. CEF will focus on providing loans for print and advertising, production, completion, and the broader media space, designed to generate investor returns of 16% or more after fees.
David Forbes, the Senior Portfolio Manager, has 30 years’ experience managing funds for Fox, MGM/UA, Orion Pictures, and Columbia has generated revenue for the studios
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
