Latest News
Man Group has made a key strategic hire as it plans to expand the business into mainland China, recruiting one of the country’s leading businesswomen, Yifei Li, as Country Chair, Ch
Hong Kong-based DragonBack Capital Limited, the former multi-strategy hedge fund manager that reinvented itself last year as a hedge fund platform, has onboarded Double Haven reported
The Securities and Exchange Commission has charged two Minnesota-based hedge fund managers and their firm with fraudulently funneling more than half a billion dollars of investor money into a Ponzi scheme operated by Minnesota businessman Thomas Petters. This is the fourth case that the Commission has brought against hedge fund managers in connection with the Petters fraud.
The SEC alleges that James N Fry of Long Lake and Michelle W Palm of Edina falsely assured their investors and potential investors that the flow of their money would be safeguarded by collateral accounts and described a phoney process for protecting their
Laurent Segalen (ex Nomura and Natixis) and Coos Battjes (ex CS and Nuon) have teamed up to launch a new clean energy fund, Euro Carbon Macro Fund (ECMF). ECMF’s mission is to provide qualified investors with liquid exposure to European environmental and energy markets.
Alpha is generated through the managers’ unique understanding of the relationships between the various components of the energy market, drawing on 20 years of experience as well as unique proprietary knowledge base of energy and emissions in the EU.
ECMF is a Luxembourg regulated SICAV-SIF with a monthly redemption, with a target size EUR150million. Pro-forma simulations
SYZ Asset Management, the institutional asset management division of the Swiss banking group SYZ & CO, is supplementing its alternative management offering with a managed accounts platform (segregated funds), which is now available in addition to its existing tailored alternative mandates and funds of hedge funds.
SYZ Asset Management intends to make this new service a benchmark in its field. The platform, which is the result of close cooperation between SYZ Asset Management and UBS Investment Bank, features substantial advantages in terms of transparency, risk management and reporting. As part of this cooperation, SYZ Asset Management will select managers to
A majority of alternative investment managers (57 per cent) are optimistic about their firm’s prospects over the next three years, according to a poll released by SEI.
The poll, conducted at SEI’s annual CFO Forum for Alternative Investment Managers in London, found that positive market prospects were the main reason behind this optimism. However, the remaining participants (43 per cent) were concerned about their firm’s prospects, marking a substantial increase from the minority (12 per cent) who expressed concern in a similar poll conducted in April.
Of those with a pessimistic outlook, most cited negative market prospects, weak branding, and
Forecasting is a necessary but challenging exercise in investing. The more complex the financial markets, the more complicated a forecast. In addition, the natural difficulty of forecasting is exacerbated further by typical human responses to complex situations. Scott Wolle (pictured), Chief Investment Officer of Invesco, believes investors must develop a process that avoids the worst of the obvious errors, has hedges in place, and is constantly reviewed for sufficient robustness…
Invesco’s Global Asset Allocation team has analysed the pitfalls of forecasting in times of uncertainty confirming forecasters’ poor record at forecasting complex, long-term events and highly uncertain variables such as
Quintillion fund administration has been appointed by the IQS Group to provide administration services to its IQS Futures Fund which launched November 2011.
The assets of the Fund will be traded by IQS Capital Management utilising the IQS Diversified Program. The Program trades a diversified portfolio of futures contracts using an objective approach which employs a series of computer programs.
Since its inception in 1995, the Program has produced returns comparable with those of the best performing traders in the industry. The IQS Futures Fund has been incorporated as an open-ended investment company under the laws of the Cayman
Fiserv, Inc, a provider of financial services technology solutions, has named Cheryl Nash as President of its Investment Services division.
With 28 years of service with Investment Services at Fiserv, Nash brings a strong track record of industry leadership, technology expertise and commitment to serving clients to this role. She has managed strategic functions in the organization and was instrumental in the development of multiple strategy portfolios, more commonly known today as unified managed accounts (UMAs).
“Cheryl has been the consummate catalyst for growth in the managed accounts solutions and wealth management industry,” says Mike Gianoni, Group President, Financial Institutions
Tony Reed has been appointed as Managing Director of Phoenix Fund Services (UK) Limited. He will report to John Rice, CEO, and join the Phoenix Fund Services’ executive management team.
Reed will be responsible for managing the relationships with clients of Phoenix’s UK funds business as well as for Phoenix’s compliance and risk management.
John Rice, Managing Director of Phoenix Fund Services, says: “Tony brings a wealth of experience to Phoenix having worked in a range of roles managing client relationships, running collective investment scheme operations and regulatory risk management at Insight Investment, JP Morgan, Halifax Bank of Scotland and
