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Non-commodity funds are now challenging more traditional commodity based Sovereign Wealth Funds and now account for around 40% of assets managed by Sovereign Wealth Funds according to PwC economic analysis of 51 countries.
A PwC report: “The impact of Sovereign Wealth Funds on economic success”, also reveals that countries with Sovereign Wealth Funds could benefit from lower inflation levels, among other benefits that can promote higher economic growth.
Yael Selfin (pictured), head of macro-consulting and a director in PwC’s economics team, says: “We are likely to see further increases in non-commodity funds such as those financed by trade or fiscal
Lombard Odier Investment Managers has appointed Dr Bruce C Turner (pictured), MD, PhD to manage the healthcare portfolio strategy component of its flagship multi-strategy 1798 Fundamental Strategies Fund and Global Equity Long/Short Fund.
Turner brings more than 15 years of healthcare investment experience and formerly managed healthcare portfolios for First Manhattan Co. and Bank of America Merrill Lynch.
Based at LOIM’s New York subsidiary, Turner will report to Aziz Nahas, Limited Partner of Lombard Odier Investment Managers and Chief Investment Officer of the Equities business. Bruce will work closely with team analysts CJ Sylvester and Johan Utterman. Turner is replacing
Hedge fund compensation declined by approximately ten per cent on average across varied functional roles in 2011, according to the 2012 edition of the Glocap Hedge Fund Compensation Report.
Glocap’s compensation data shows a wide dispersion of compensation, between and within firms, driven by a number of variables including role, seniority/experience, fund size and performance for the year.
The total hedge fund industry surpassed previous record levels of total capital under management in both 1Q and 2Q11, reaching $2.04 trillion, before declining sharply in 3Q as the hedge fund industry posted the fourth-worst performance quarter in history, with the HFRI
ALTIN the USD270m multi-strategy fund of hedge funds listed on the London and Swiss stock exchanges, posted a net return of +6.48% in the 12 months to end August, strongly outperforming the HFRI Fund of Funds Composite Index, which returned +3.31% in the same period.
ALTIN is highly diversified, investing in over 35 hedge funds focused on highly liquid strategies.
ALTIN added one new manager to its portfolio in the third quarter of 2011, allocating 1.24% of the ALTIN Fund to Blackwater Capital Management’s managed futures programme. With this addition, the allocation to managed futures within ALTIN currently stands at
ML Capital Asset Management, the investment manager and promoter of the MontLake UCITS platform, has published the 4th edition of the quarterly ML Alternative UCITS Barometer (ML Barometer).
ML Capital surveyed a diverse range of active investors in Alternative Investments, who collectively manage over EUR80 billion and today invest upwards of EUR30 billion of those assets into Alternative UCITS Funds. Questions are aimed at discovering their forthcoming strategy allocations and are asked each quarter to the same respondents in order to track asset flows between UCITS strategies.
The range of allocators surveyed is purposely diverse, to reflect the widening of
The Commodity Futures Trading Commission’s (CFTC’s) Office of General Counsel has issued a no-action letter on 24 October, 2011, permitting the offer and sale in the United States of Taiwan Futures Exchange’s futures contract based on the GTEX.
The GTEX is a broad-based, free-float, market-capitalisation-weighted composite index of highly capitalised and actively traded stocks listed on the board of the GreTai Securities Market, a non-profit organisation modelled after the NASDAQ. The GTEX index provides a performance benchmark for the Taiwanese over-the-counter securities market. As of 12 September, 2011, the total adjusted market capitalisation of the GTEX was approximately USD52 billion.
Barclays Capital, the investment banking division of Barclays Bank PLC, has launched its ManagerAccess Indices, a family of investible indices that aim to provide investors with liquid exposure to specific hedge funds strategy returns.
Investing in hedge funds continues to present investors with challenges. Over the past few years, events such as net asset value suspensions and gating have highlighted some of the inherent risks in hedge fund investing. Investors are placing higher requirements on the liquidity, transparency and asset protection of their hedge fund holdings. This has resulted in more thorough due-diligence processes and increased stringent governance requirements for
Maples Fund Services has expanded its middle office capabilities with the launch of consolidated reporting for institutional investors.
This expansion will enhance the ability of investment teams to actively monitor and manage the sophisticated investment strategies needed to achieve superior risk-return ratios.
The consolidated reporting offering builds on Maples Fund Services’ leading middle office solutions, and is tailored by teams of industry experts and information technology professionals to meet each institutional investor’s specific requirements. Proprietary technology developed by Maples Fund Services aggregates data across all assets, renders consolidated information on an online dashboard, and produces customised analytical reports.
“There is
An overwhelming majority (83%) of senior executives representing UK corporates do not believe that the European Financial Stability Facility (EFSF) will be sufficient in securing confidence in Eurozone sovereign debt markets, according to a survey of senior executives at a client briefing hosted by Investec Corporate & Institutional Treasury (‘Investec’), part of Investec Bank plc.
Despite the fact that a staggering 93% of executives surveyed are concerned (37% were ‘very concerned’) about the potential risks posed to their businesses by the Eurozone crisis, three fifths (60%) expect their firms to grow over the next 12 months. Nearly half (47%) predict
Northern Trust has appointed Robert P Morgan to lead a new unit, Northern Trust Alternatives Group, formed to develop and manage all alternative investment products, including hedge and private equity funds of funds, for institutional and personal clients.
Northern Trust Alternatives Group brings together portfolio management, product, sales and service teams to build on the private equity and hedge fund solutions that have been part of Northern Trust’s manager-of-managers business. Morgan, who had previously been Director of Private Equity, oversees approximately USD3.5 billion under management or advisory as Managing Director of the new group.
"Alternative investment products have experienced substantial
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