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In its latest quarterly UCITS survey, ML Capital reported that investors very much favour CTAs and Global Macro strategies.
A new addition to HSBC Global Asset Management’s Lux-based Global Investment Funds SICAV was announced this week.
Following the success of its Jersey-based BVI practice, Bedell Cristin has established a new Bedell Cristin BVI Partnership, which will commence business later this autumn.
The new BVI Partnership will operate from new offices in the BVI and Singapore in addition to continuing to service its European based clients out of Jersey. Our BVI law team will also work closely with our Jersey and Guernsey law teams in servicing our clients in Asia.
Complementing this development, Bedell Trust will at the same time be forming an affiliation with an established BVI corporate management services company to support the
Suzanne Hubble has joined Citigroup to help drive its OTC derivative clearing platform in the European markets.
Hubble brings over 13 years of industry experience to the role, which includes positions in credit trading businesses and foreign exchange e-commerce. Most recently, she was at ICE Clear Europe where she was the Director of Credit Default Swap (CDS) Development.
Andrew Sterry, Head of OTC Clearing, EMEA, says: “Suzanne is a key addition to our already deep Derivatives Clearing team and will help continue the momentum Citi has established in EMEA and beyond. The derivatives clearing business continues to be a top
Opus Fund Services, an independent fund administrator, has acquired the hedge fund administration unit of Agile Hedge Solutions, LLC based in San Francisco. Opus, based in Bermuda and with offices in Chicago and San Francisco, expects the transaction will immediately strengthen its west coast presence.
Robin Bedford, CEO of Opus Fund Services, says: "This acquisition is the result of many months of hard work by both parties. We are excited to have the opportunity to work with the Agile client base as they become part of the award winning Opus platform."
Prior to today’s announcement, Agile Hedge Solutions, LLC provided
Aquila Capital is opening of a new office in Singapore. The office, which is the firm’s first in Asia, will function as a centre point for Aquila for Asian markets with a view to strengthen further Aquila’s presence throughout the region.
Aquila’s operations out of Singapore will be led by Chum Yong Quah, Director Wholesale. Prior to joining Aquila, Chum worked for Fidelity as Head of Private Banking & South East Asia Development for two years, where he was responsible for sales and client servicing operations in Singapore, Thailand, Malaysia, the Philippines, Brunei and Indonesia. He previously held similar positions at
Continued illiquidity and a shift in the price of underlying assets in the secondary hedge fund market has caused fluctuating trading levels in the last few months, Hedgebay has claimed. Secondary market trading data from July to September has shown that despite a steady rise in the average price in Q3, volatility is still to be expected.
The average discount to NAV on transactions completed in the third quarter of 2011 has climbed steadily from around 70% in July to 85% in September. However previous pricing levels, notably June’s average price of 82%, indicate that the market is still largely
Altana Wealth (Altana), a new investment management group founded by Lee Robinson, one of the co-founders of Trafalgar Asset Managers Ltd, is opening its Altana Sovereign Diversity Fund to external investors.
Altana Wealth was founded to deliver Absolute Real Returns to investors. This is reflected in the fundamental objective of its first fund, which in response to widespread concern in the investment community over currency inflation and devaluation, aims to deliver inflation-adjusted returns.
The Fund seeks to provide diversification benefits to a sovereign portfolio by offering an inflation hedge via avoidance of weak currencies. It gives exposure to harder
A distinct allocation to gold within a portfolio including alternative assets such as private equity, hedge funds, real estate and commodities, can preserve capital and reduce risk without diminishing long-term returns, concludes the latest research from the World Gold Council.
The report, Gold: Alternative investment, foundation asset, analyses the effect gold has when included in a portfolio of mainstream and alternative assets. The research shows that portfolios with an allocation to gold of between 3.3% and 7.5% (depending on the risk tolerance of the investor and the currency of reference) show higher risk-adjusted returns while consistently lowering Value at Risk
Perry Capital, the New York-based hedge fund, is shutting the doors on its Hong Kong office and cutting 30 jobs
