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dms Management Ltd (DMS), a fund governance firm serving the hedge fund industry, has opened a New York office, dms Management (USA) Inc, at 1230 Avenue of the Americas, 7th Floor, Rockefeller Center.
The New York office is headed by Kathleen Celoria, Executive Director.
"Our New York office aims to fortify our existing relationships with US stakeholders, many of whom are based in New York, and to facilitate our ongoing face-to-face interactions," says Celoria. "It will help make our governance work more accessible and transparent to the funds we serve and their investors."
The New York office will
French regulator, Autorité des Marchés Financiers (AMF), has come out in support of the European Commission’s intention to strengthen risk management rules for Ucits to l
Threadneedle this week announced the launch of a US equity Ucits which aims to profit from prevailing market pessimism by targeting the country’s most attracti
Henderson Global Investors is to soft close two of its Ucits effective from 30 November 2011 having almost reached capacity.
Neptune Investment Management is to launch the Neptune Global Long/Short Sector Fund on 1 November 2011 reported Hedgeweek, as the firm looks to leverage its sector research to full p
Munib Ali, director at PwC, on the European Commission’s (EC) release of the Market in Financial Instruments Directive (MiFID) II proposals…
The EC’s release of the MiFID II proposals broadly mirrors the content of the December 2010 consultation paper. Despite the further clarity, firms will remain concerned about the substantial costs the regulation will impose and the detrimental effect on bottom line profitability.
The burdensome transaction and trade reporting requirements will squeeze trading margins, while proposals to move derivatives onto regulated venues and central clearing will make it more difficult for companies to sell bespoke solutions to clients. Enhanced collateral
The Securities and Exchange Commission (SEC) has charged Citigroup Global Markets Inc (Citigroup), the principal US broker-dealer subsidiary of Citigroup Inc., with misleading investors about a USD1 billion collateralised debt obligation (CDO) called Class V Funding III (Class V III).
At a time when the US housing market was showing signs of distress, Citigroup structured and marketed Class V III and exercised significant influence over the selection of USD500 million of the assets included in the CDO. Citigroup then took a proprietary short position with respect to those USD500 million of assets. That short position would provide profits to Citigroup
The Securities and Exchange Commission has filed a complaint in United States District Court in Riverside, California against Copeland Wealth Management, A Financial Advisory Corporation (CWM), Copeland Wealth Management, A Real Estate Corporation (Copeland Realty), and Charles P Copeland for fraud and breach of fiduciary duty.
As an investment adviser registered with the Commission, CWM manages approximately USD125 million in assets under management. The assets under management are primarily mutual funds and real estate funds. Copeland Realty, an unregistered investment adviser, is the general partner for 21 limited partnerships primarily invested in real estate. Charles Copeland, a certified public accountant,
The Scotia Capital Canadian Hedge Fund Performance Index finished September 2011 down 1.22% on an asset weighted basis and down 3.81% on an equal weighted basis. The Index outperformed broader equities on both asset and equal weighted bases, and outperformed global hedge fund peers on an asset weighted basis.
September brought more extreme intramonth market volatility. The key themes driving investor sentiment remained largely the same as in August: overall weak economic indicators across geographic zones, ongoing concerns over European banks and sovereign debt issues, including a possible default by Greece, as well as government interventions by Switzerland’s central bank
JP Morgan Worldwide Securities Services today announced that it has been appointed by Cerberus Capital Management, LP, one of the world’s leading private investment firms, to provide fund administration and related securities services for its investment funds with aggregate assets of over USD23 billion.
The JP Morgan platform will be supplemented by certain back-office personnel of Cerberus who will become employees of JP Morgan.
"The transition of the services to a world class third-party administrator provides our firm strong infrastructure support and the independence preferred by our investors,” says Jeffrey Lomasky, Senior Managing Director and Chief Financial Officer of
