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INTECH Investment Management LLC (INTECH) has launched a suite of absolute volatility equity strategies, offering institutional investors the potential for both equity-like and above-market returns, at lower volatility than is associated with capitalization-weighted equity indexes.
These new strategies, Low Volatility and Managed Volatility, can be benchmarked to the Russell 1000 and MSCI World Indexes.
INTECH’s Low Volatility strategies seek to generate modest returns in excess of their respective cap-weighted benchmarks, over time, at significantly lower levels of absolute volatility and higher Sharpe Ratios. INTECH’s Managed Volatility strategies seek to generate more-aggressive returns in excess of their respective cap-weighted benchmarks,
Alexander Kinmont, who famously wrote “The Irrelevance of Japan&rdquo
Two former Rabobank traders, Chin Pu Ma and Chien Wang have just launched an Asia-focused opportunistic equity l/s hedge fund on
U.S. Bancorp Fund Services has named Gerald Barbara Pictured as senior vice president and alternative investment business development officer.
Barbara specialises in alternative investment administration and custody services and will work out of Wilmington, Del.
“We are excited to have Jerry join our growing alternative sales team. His overall experience adds to an already strong staff and complements our consultative support to our investment management clients,” says Bob Kern, executive vice president and director of sales and marketing at U.S. Bancorp Fund Services. “We are highly focused on growing our alternative business, specifically hedge fund, fund of funds, and private
LCH.Clearnet Ltd is to extend the range of eligible collateral types to include gold bullion by the end of October 2011, subject to final regulatory approval.
In accepting gold as cover for margin liability, LCH.Clearnet is delivering greater choice and flexibility to market participants. Globally, gold has seen rapid growth in investment and regulators are looking for more OTC derivatives to be cleared.
The initiative is supported by the World Gold Council, who recently submitted evidence to the Basel Committee for gold to be included in banks’ "Tier 1" assets by European banking regulators, recognising gold’s growing relevance as a
The SEC announced that, on 30 September, 2011, the Honourable Jed S Rakoff, United States District Judge, United States District Court for the Southern District of New York, entered a Final Judgment on Consent as to Steven Fortuna in the SEC’s insider trading case, SEC v. Galleon Management, LP, et al., 09-CV-8811 (SDNY) (JSR).
On the same day, the Court entered the SEC’s Notice of Dismissal as to S2 Capital Management, LP. The SEC filed its action on October 16, 2009, which alleged that Raj Rajaratnam, Galleon Management, LP, Fortuna, S2 Capital, and others engaged in a widespread insider trading
The US Commodity Futures Trading Commission (CFTC) has obtained a federal court consent order requiring defendants Perry Jay Griggs, his wife, Rachelle Griggs, and their company, Aloha Trading Company, Inc. (Aloha), all of Las Vegas, Nev., to jointly and severally pay a USD2.1 million civil monetary penalty to settle CFTC charges that they operated a multi-million dollar commodity futures Ponzi scheme.
The order, entered on September 30, 2011, by Chief Judge Susan Oki Mollway of the US District Court for the District of Hawaii, also imposes permanent trading and registration bans against the defendants.
Specifically, the order finds that, from
Azad Zangana (pictured), European Economist at Schroders, on the Bank of England’s decision to restart quantitative easing…
“The Monetary Policy Committee concluded their meeting this month by voting to expand the Asset Purchase Scheme from GBP200bn to GBP275bn, with purchases to complete over the next four months. The committee also voted to keep interest rates on hold at record low levels of 0.5%.
“The Bank of England has moved quickly to restart quantitative easing (QE) as fears mount of a double-dip recession. ONS figures released earlier this week showed that the recession had been deeper than previously estimated, while
HazelTree Fund Services, a New York-based provider of Treasury management services for hedge funds, will be expanding its operations westward with the opening of its newest office in San Francisco, California headed by Daniel Osborne, former Partner, COO and CTO of Conifer Securities, LLC.
"HazelTree launched in January of this year and already we are servicing clients with a combined AUM in excess of USD30 billion," says the company’s CEO Stephen Casner. "Given our success in New York, coupled with increasing demand from the Pacific Rim, it was a natural next step to expand our operations to the West in
DMS Management (Ireland) Limited (DMS) has been appointed as director to the Monsoon Asia-Pacific Systematic Fund (MAPS), a Dublin-based UCITS IV fund with daily liquidity.
MAPS is one of the first alternative strategy UCITS IV funds authorised in Ireland.
MAPS is a fully systematic managed futures strategy, focusing on the most liquid equity indices across the following Asia-Pacific markets: Taiwan, China, Hong Kong, Korea, India, Japan, Australia and Singapore. The strategy dynamically adjusts net exposures based on price patterns, resulting in low correlated returns to major indices.
While the UCITS fund came online in September, the investment manager (Monsoon Capital
