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Since the final version of Form PF was confirmed by the SEC and the CFTC on 31 October, 2011, ConceptONE has ben analysing the new requirements and has spent a significant amount of time researching the proposed rules and building the necessary tools, including a specialised data warehouse and proprietary calculation library, to help clients implement the required reporting process.
ConceptONE has ben providing data aggregation and risk reporting through its subsidiaries since 2005 and is intimately familiar with the challenges of aggregation and producing the corresponding portfolio analytics.
“Form PF is an intricate and detailed exercise in data aggregation,
The US Commodity Futures Trading Commission (CFTC) has obtained a federal court supplemental consent order requiring defendants Sidney S Hanson, Charlotte M Hanson, and their companies, Queen Shoals, LLC, Queen Shoals II, LLC, and Select Fund, LLC, to pay USD24 million in restitution and civil monetary penalties for defrauding customers and misappropriating millions of dollars in a foreign currency (forex) Ponzi scheme.
In addition, the supplemental consent order, entered by Judge Robert J. Conrad, Jr. of the US District Court for the Western District of North Carolina on October 28, 2011, requires the following relief defendants to disgorge ill-gotten gains
Man Group has reported a statutory profit before tax (PBT) on continuing operations for the six months ended 30 September 2011 of USD154 million compared to the pre-close estimate of USD145 million.
The group’s adjusted PBT was USD195 million compared to the pre-close estimate of USD185 million after additional performance fees at period end.
Funds under management (FUM) at 30 September 2011 of USD64.5 billion (31 March 2011:
USD69.1 billion), reflected inflows of USD1.0 billion, investment movement of -USD2.5 billion, FX translation effects of -USD1.4 billion and other movements of -USD1.7 billion.
FUM at 31 October 2011 totalled around USD63.5
The Credit Suisse LAB Index was up 4.17% in October, according to Dr Jordan Drachman, Head of Research for Alternative Beta Strategies at Credit Suisse.
Drachman says: "The Credit Suisse Liquid Alternative Beta Index (CSLAB), which aims to reflect the performance of the overall hedge fund industry, finished up 4.17% in October, indicating hedge funds regained some of the losses experienced in the third quarter. The Event Driven sector saw the most significant gains, finishing up 7.80% as managers increased exposure to high conviction investments during dislocations. Meanwhile, the Managed Futures strategy fell 4.42% for the month as trends reversed
NewAlpha Asset Management, the Paris-based global hedge fund incubation specialist, has made its17th strategic investment with Heieck Siebrecht Capital Advisors (HSCA) AG, a Zürich-based hedge fund management firm focused on German equities. As of 1st November 2011, HSCA had assets under management close to USD100m.
Founded in 2009 by Stefan Heieck and Frank Siebrecht, HSCA is the investment advisor of the Varus Fund, a long/short equity fund focussing on German mid- and large caps and their European competitors. Varus Fund has achieved a very strong two-year track record, being up 20.1% net YTD and 46.7% net since inception on 1st
UMB Fund Services, Inc. (UMBFS), a subsidiary of UMB Financial Corporation (NASDAQ: UMBF), added three new clients in the third quarter of 2011.
The new clients are: Chartwell Investment Partners; Ramius Trading Strategies LLC; and Transparent Value Advisors, LLC.
Two clients have mutual funds in the Investment Managers Series Trust co-sponsored by UMBFS and Mutual Fund Administration Corporation; one of these is a managed futures fund with an offshore component serviced by UMBFS’ alternative investments division, JD Clark & Company. The third client is receiving services from the company’s recently acquired Managed Account Solutions division.
Also during the third quarter,
The majority of CFA members (70%) believe a collapse of the the single currency in the Eurozone would be a disaster but a break-up of the Eurozone is unlikely (63%), according to a new survey conducted by the CFA on the eve of its fourth annual European Investment Conference in Paris.
Only 6% of respondents believe in abandoning the monetary union and returning to national currencies to alleviate the region’s woes, while 48% believe trend growth for Europe’s economies will not return until 2013-2014 at the earliest.
The survey was distributed to members of CFA Institute, the global association
Brencourt Advisors has assumed portfolio management responsibility for Central Park Group Multi-Event Fund, a multi-strategy event-driven fund. The Fund invests in credit opportunities, merger arbitrage and equity special situations. It invests in a portfolio of "events" allocated across companies, sectors and strategies.
Central Park Group Multi-Event Fund is advised by Central Park Multi-Event Management, a joint venture between Central Park Advisers and Brencourt. Founded in January 2001 by William Collins, Brencourt has a 10-year record of attractive risk-adjusted returns.
Collins, the Fund’s Portfolio Manager, has over 20 years of experience managing event-driven investments. Prior to founding Brencourt, Collins was a
Harneys has appointed former XXIV Old Buildings barrister David Herbert as head of the firm’s growing Cayman Islands litigation and insolvency team.
Herbert, whose appointment as partner and Head of Cayman Islands Litigation & Insolvency takes effect 1 November, has been associated with Harneys since 2003 and was seconded to the firm’s Cayman Islands office full-time in 2009.
Herbert is a Chancery barrister who has practised at leading offshore set XXIV Old Buildings since 2003. His primary areas of expertise are insolvency and restructuring, trust advice and litigation, and company and business disputes. Recently Herbert acted for Harneys in the
In spite of having registered significant investor appetite in recent years, empirical research on Alternative UCITS is a rare commodity. The major contribution of a new Lyxor research report is therefore to give investors a precise measure of the main characteristics of publicly regulated Alternative UCITS vehicles in comparison to traditional hedge funds, says Stefan Keller of Lyxor Asset Management…
For the first time, a comprehensive set of data has been analysed on a period from June 2004 to May 2011. The results shed light on what really matters for investors: regulation, manager skills and risk.
Regulation matters. The UCITS
