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American hedge funds reported a healthy increase in assets in this year’s first half and now manage a combined USD1.399 trillion. That’s USD102 billion, or nearly 8%, more than they managed at the beginning of the year, according to the latest Billion Dollar Club, AR Magazine’s survey of American hedge funds managing USD1 billion or more.
Bridgewater took the top spot again, followed by JP Morgan Asset Management and Paulson & Co.
Globally, hedge fund assets amount to USD2.16 trillion, up slightly from the USD1.82 trillion managed at the beginning of the year.
As of 1 July, there were 241
THEAM, BNP Paribas Investment Partners’ specialist in index, active systematic, guaranteed and alternative investment, has further reinforced its expertise and capacity in alternative management by increasing its stake from 25 to 50 per cent in Innocap, and by appointing three senior hedge fund experts to the THEAM team.
The extension of the BNP Paribas strategic alliance with National Bank of Canada shows THEAM‟s commitment to Innocap, a long-established and world-renowned provider of managed account solutions. Since 1996, Innocap has been offering various hedge funds strategies via a wide range of renowned, emerging and innovative managers while ensuring secure, transparent and
Anello Asset Management, the independent alternative investment manager and specialist managed account provider, has continued its growth with the hire of Stavros Loizou, who will be managing the Company’s newly launched Mantis Program.
AAM’s Mantis Program uses a multi-asset actively managed discretionary approach, which is guided by short term opportunistic market trends with a technical analysis methodology, investing across equities, fixed income, and G-10 currency pairs. The program is primarily aimed at high net worth individuals, single and multi-family offices, and is open to UK and pan-European investors. Additionally, there are advanced plans in place to launch the program in
The United States District Court for the Eastern District of Pennsylvania has entered a judgment against Defendant Alfred Clay Ludlum, III in the matter captioned Securities and Exchange Commission v. Alfred Clay Ludlum, III, et al., Civil Action No.10-cv-7379 (E.D. Pa.).
Ludlum is the founder, president, chief compliance officer, and sole individual in control of Printz Capital Management, LLC (Printz Capital), which was registered with the Commission as an investment adviser from September 19, 2006 until its registration was revoked on June 27, 2011. Ludlum also wholly controls Printz Financial Group, Inc. and PCM Global Holdings LLC (together with Printz
Despite equity markets collapsing this summer HSBC private bank’s HNW clients have not overreacted by initiating wholesale sell orders because they can afford to handle today’s volatility, helped by the fact that their portfolios aren’t too concentrated. That’s the opinion of Jean-Christophe Gerard (pictured), CIO of HSBC private bank.
“Our clients were not overloaded with equities when the markets started falling. They had “some” equity allocation but it would be wrong to think they were overweight or leveraged: strategic allocation is around 35 per cent for a balanced portfolio. They’re well aware that equities are cheap and can afford to
AXA Investment Managers has appointed Francisco Arcilla as Global Head of AXA Funds of Hedge Funds (AXA FoHF) effective 3 October, 2011.
Arcilla will be responsible for the overall leadership of AXA IM’s FoHF platform and accelerate its development as a provider of tailor made investment solutions in the hedge fund space. Arcilla will be based in London and report to Thibaud de Vitry, Global Head of AXA IM’s Investment Solutions business and member of the AXA IM Management Board. Francisco will be a member of the AXA IM Executive Committee.
Following the financial crisis and ensuing market volatility, AXA
The US Commodity Futures Trading Commission (CFTC) has filed a civil enforcement action charging Oscar Hernandez of Miami, Fla., and his Miami-based companies, Midway Trading Company, LLC and Conquest Investment Group, Inc., with operating a USD3 million commodity pool Ponzi scheme and misappropriating participants’ funds. None of the defendants has ever been registered with the CFTC.
The CFTC’s complaint, filed on 30 September, 2011, in the US District Court for the Southern District of Florida, charges the defendants with soliciting more than USD3 million from individuals to participate in the fraudulent scheme from approximately 2006 through 2009. Defendants allegedly placed
Standard & Poor’s Ratings Services said today that the ratings and outlook on UK-based hedge fund manager Man Group PLC were unaffected by the 8.5% decline in assets under management (AUM) during the quarter ended 30 September, 2011.
Man’s preclose trading update, released on 28 September, 2011, indicated a decline in AUM from USD71 billion at June 30, 2011 to USD65 billion. This was due to weak investment performance, net outflows, and the impact of foreign exchange movements on reported AUM.
According to a statement released by S&P: "The quarterly decline in AUM is a result of market volatility and
The once-in-a-generation uncertainty about sovereign debt has risen further as cyclical worries have resurfaced, says Stefan Keller, head of MAP research at Lyxor Asset Management….
During the summer months sovereign stress has spilled over to the banking system, pushing up credit and market risks. Both the dramatic debate about the US debt ceiling and the deterioration of public finances in European peripheral markets have shaken investor confidence. Clearly, higher sovereign risk premiums have disrupted bank funding markets.
For the first time since October 2008, risks to financial stability have increased, signalling a potential reversal in progress made over the past three
Hedge funds will spend approximately USD2.09 billion on information technology (IT) in 2011, representing an average of approximately nine basis points of assets under management, according to the Prime Finance 2011 IT Survey released today by Citi (NYSE:C) Prime Finance.
The report, “Managing Your Hedge Fund IT Spend to Achieve Differentiation”, which surveyed over 75 hedge funds in the US and Europe and 15 vendors , documents for the first time both the industry’s aggregate expenditure on information technology and the average expenditure per hedge fund.
“The Prime Finance 2011 IT Survey demonstrates the powerful impact of technological innovation on
