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It’s been a bumper year so far for Hong Kong hedge fund manager Segantii Capital Management Ltd.
The Monetary Authority of Singapore (MAS) has requested that hedge fund manager 3 Degrees Asset Management to shut down its operations in response to alle
The number of family offices in Asia is set to triple from 500 to 1,500 within the next seven to 10 years according to Citigroup reported Bloomberg this w
As if performance wasn’t giving Asia-focused hedge fund managers enough of a headache last month, recent figures by Singapore hedge fund data provider Eure
Ogier has appointed new managing partners in each of its Cayman Islands and British Virgin Islands offices and a new chief executive officer in its fiduciary business in the Cayman Islands.
In the Cayman Islands, Nick Rogers, currently a partner leading Ogier Cayman’s corporate and commercial practice, has been named managing partner of Ogier Cayman’s legal business. Rogers first joined Ogier in the Cayman Islands in 2001 and, after some time with Walkers in Hong Kong and Cayman, rejoined as a partner in 2010.
Peter Cockhill (pictured), currently managing partner of Ogier Cayman legal business, will reassume his responsibilities
Judge Anthony J Battaglia of the US District Court for the Southern District of California has entered a consent order of permanent injunction against Scott Bottolfson and Spirit Investments, Inc (Spirit), both of Encinitas, Calif, and Increase Investments, Inc (Increase) of Reno, Nev, requiring them jointly and severally to pay a civil monetary penalty of USD6,813,462.51. The order also imposes permanent trading and registration bans against the defendants.
The court’s order stems from a CFTC enforcement action filed on 7 January, 2011, that charged Bottolfson, Spirit, and Increase with operating a USD14 million commodity pool Ponzi scheme and misappropriating USD11
New and existing investment in Switzerland will migrate to Singapore as Asia begins to outperform the West economically, a poll conducted by international business law firm Lawrence Graham LLP (LG) has concluded.
More than 50 senior figures from London’s banking, advisory and investment communities took part in the poll, held as part of a panel debate about Asia, which showed 76 per cent of respondents believed traditional Swiss investment would ultimately switch to Singapore as the fast-growing Asian economy starts to dominate against the West.
Taking part in the panel debate, with LG Private Capital partner Nick Jacob, were
Gottex Fund Management’s flagship market neutral strategies are well ahead of their benchmarks as of the end of Q3 2011, according to the company’s latest trading statement. And Gottex’s alternative credit strategy outperformed its index by over 6%.
Total fee earning assets for the group stood at USD 8.2 billion, a decrease of 7.9% compared to USD 8.9 billion at 30 June 2011, primarily as a result of extensive volatility in global financial markets during the period.
Gottex Solutions Services (GSS) assets are up 24% year-to-date, while the company has also started an extensive US marketing road show for
Hedge funds posted the fourth worst quarterly performance in industry history in Q3 2011, as a combination of uncertainty regarding the European sovereign debt crisis and weakening economic data contributed to volatility across equity, credit, commodities and currencies.
These performance declines reduced total hedge fund industry capital by USD85 billion, according to today’s release of the HFR Global Hedge Fund Industry Report: 3Q11. The asset decline ends two consecutive quarters in which total capital under management eclipsed new record levels, and brings total hedge fund industry AUM to USD1.97 trillion. The HFRI Fund Weighted Composite Index declined by 6.2 per
ConvergEx Group has launched Spectrum, a new algorithm that gives portfolio traders the benefits of executing in a diverse array of domestic dark venues, while allowing them to maintain their required cash and sector balances. Designed by ConvergEx’s dedicated team of financial engineers, Spectrum enables users to trade cash neutral in the dark.
“For moving large orders with minimal market impact, dark liquidity is simply invaluable. However, portfolio traders, with their need to precisely manage risk and cash balances, have been virtually excluded from leveraging these dark pools. The timing and velocity of the dark pool fills is simply too random for
