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TORA, Asia’s leading provider of advanced trading technology announce
Dymon Asia Capital, whose assets Hedgeweek reported doubled between March and the summer this year, climbing to
At a hedge fund conference in Zurich this week, a panel of three investment managers: Julian Jacobsen, Managing Director FPP Asset Management; Max von Bismarck (pictured), Managing Partner and CEO for SkyBridge Capital’s international operations; and Adriano Agosti, Chairman and Managing Partner, Golden Peaks Capital, were asked to what degree today’s global political and economic volatility allowed managers to create value through market inefficiencies.
The three managers were participating in a panel discussion chaired by Alexandre Col, Head of Investment Funds at Banque Privée Edmond de Rothschild, at the Hedge Funds World Zurich conference on Tuesday 15 November
Short-termism has
Emerging markets hedge funds posted strong performance gains in October, reversing sharp losses from September as emerging market (EM) economies and assets continue to experience volatility relating to the European sovereign debt crisis.
The HFRX Total Emerging Markets Index gained 4.1 per cent in October following a decline of 5.0 per cent in September; while intra-month volatility was even more pronounced in specific regions, including Latin America and Russia. In response to this volatility, investors hesitated on making new allocations to EM hedge funds, which saw a modest net outflow of USD197 million (0.17 per cent of assets under management
Reto Gehring and Alexandre Potelle have joined SYZ Fund Research, Swiss bank SYZ & CO’s fund analysis and “long only” manager selection service. The two new staff members join the team of Katia Coudray Cornu, who was appointed Head of SYZ Fund Research in June 2011. Gehring has been appointed Head of Research, while Potelle is Senior Analyst.
Prior to joining SYZ & CO as Head of Research for SYZ Fund Research, Gehring spent ten years working at UBP in Geneva in the multi-manager and manager selection team established by Cornu in 2001, where he had held the position
It looks like the market has reacted with some cheer to the news that Silvio Berlusconi has stepped down as Italian Prime Minister with his successor Mario Monti asked to form a new government following approval of a reform package by the Italian parliament on Saturday, says Anthony Gillham (pictured), portfolio manager at Skandia Investment Group (SIG)…
Italian 10 year government bond yields had hit around 7.5% last week, levels that were said to have triggered bail outs in other peripheral European markets, but on Friday dropped to around 6.5%. Risk assets are firmer as a result.
While the cheer
Compensation levels for investment professionals in 2011 are expected to be flat to modestly higher than those reported in 2010, according to a new report released jointly by Greenwich Associates and Johnson Associates.
Within traditional asset management organisations, compensation for 2011 is projected to be flat from 2010 levels to 5% lower for equity professionals and flat to 5% higher in fixed income. Within hedge funds, year-end compensation is expected to vary widely based on company performance for both equity and fixed-income professionals, with some down and others flat or up versus 2010.
“These expectations are bullish compared with
The Blue Ink Composite (BIC), which tracks the performance of around 100 Hedge Funds in South Africa, reported a steady increase of 0.9% for the third quarter of 2011. The BIC outperformed the JSE All Share Total Return Index (ALSI) by more than 6%, which returned -5.39% over the same period.
According to Eben Karsten (pictured), portfolio manager at Blue Ink Investments, the third quarter of 2011 was another difficult quarter for the local equity market. “The Rand depreciated by as much as 13% as foreigners liquidated risk positions, in particular in equities. In US dollar terms, the ALSI was
State Street Global Advisors (SSgA), the investment management business of State Street Corporation (NYSE:STT) has launched two new fixed income strategies based on alternative-weighted indices that are designed to forecast a company’s financial strength. They also exclude debt issued by private companies and subordinated debt.
The SSgA US Issuer Scored Corporate Bond Index strategy and the SSgA Euro Issuer Scored Corporate Bond Index strategy both seek to track a new and innovative benchmark index design. These indices use financial factors to weight the allocation to corporate bond issuers based on profitability, operational efficiency, leverage and liquidity. This is achieved by focusing
GAM has appointed Anthony Lawler as a member of the senior management and the investment management committees of its Multi-Manager group, effective immediately.
He will focus on the ongoing expansion of GAM’s institutional business particularly in the US, through the construction of customised funds of hedge funds portfolios.
As a member of the core portfolio management team, Lawler will contribute to the construction of customised funds of hedge funds portfolios that match the requirements of institutional clients. In addition, he will be appointed Co-Manager for the GAM Diversity Institutional strategy which he will run together with David Smith, Chief Investment
