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Compushare and Advanced Fund Administration (AFA) have announced a partnership whereby AFA clients will have access to Compushare, Inc’s full suite of technology based solutions including the firm’s fully hosted cloud computing platform, which allows the funds to eliminate technology assets and avoid the cost of owning and maintaining a technology infrastructure.
"Compushare will provide our clients with a secure, compliant and efficient technology environment including remote and mobile access which will enable them to concentrate completely on their business rather than their infrastructure," said Peter M O Young, AFA President & CEO. "We are excited to be able to
Alternative asset manager Northgate Capital has hired Mo Virani as chief financial officer and chief operating officer. Virani joins from venture capital firm Mohr Davidow.
Virani will be responsible for all the finance and administrative functions of Northgate. In addition he will provide close support for the investor relations and investment management activities of the firm.
“Mo brings deep experience in the financial arena as well as operations and is a great addition to our team,” says Brent Jones, a managing director for Northgate. “He has a deep network in the valley and across the globe. Having Mo at Northgate
LCH.Clearnet Group Limited confirms that it has entered into exclusive discussions with London Stock Exchange Group plc regarding a possible transaction.
There can be no certainty that the discussions will result in any transaction.
Fortigent, a provider of outsourced wealth management solutions for financial advisors and institutions targeting high net worth clients, has selected IndexIQ’s IQ Hedge Multi-Strategy SMA Portfolio as an Alternative Investment solution for the firm’s Access Overlay customisable UMA program.
Fortigent’s selection of the IQ Hedge Multi-Strategy SMA represents the latest global financial platform to offer IndexIQ’s flagship hedge fund replication strategies. Approximately 90 firms use Fortigent to support their investment research, performance reporting, Unified Managed Account (UMA), and alternative investment needs, and the firm has more than USD50 billion in assets on the platform.
"We are thrilled with Fortigent’s selection
Small hedge funds outperform mid-size and large funds, and young funds outperform older ones, according to PerTrac.
A new report "Impact of Fund Size and Age on Hedge Fund Performance," found that funds with less than USD100 million in assets under management (AUM) returned 13.04% in 2010, compared to 11.14% posted by mid-size funds (USD100 million to USD500 million AUM) and 10.99% gains achieved by large funds (over USD500 million AUM). The study also found the performance of small and mid-size funds through the first six months of 2011 was better than their performance over the same period in 2010.
Man Group’s profits for the last six months are down from USD180m to USD145m according to an unscheduled trading statement issued by the group.
Peter Clarke (pictured) Chief Executive of Man, says: "The extreme volatility of markets in recent months has created challenging performance conditions across asset classes. This has tested investor appetite for risk but also reinforced the need for diversifying, non-correlated investment returns. The benefits of Man’s strategy to build out a range of investment styles to suit differing market conditions have been strongly evident in this period. AHL is up 7.7% in the five months to end
The Alternative Investment Management Association (AIMA), the global hedge fund association, has expressed concerns over how the Alternative Investment Fund Managers Directive (AIFMD) would apply to non-EU managers and funds under proposals by a task force of the European Securities and Markets Authority (ESMA).
ESMA is responsible for giving advice on specific rules and regulations that will enable the AIFMD to be implemented under an on-going process known as ‘level 2’. AIMA said the latest proposals went further than what was required – or even permitted – by the ‘level 1’ legislation agreed last year by the European Council, the
According to Lok Yim (pictured), Head of North Asia Private Wealth Management, Deutsche Bank, there was a big shift out of equities into fixed income instruments back in June amongst the bank’s Asian HNW clients. The mentality of Asian HNWIs is quite different to those in Europe. Rightly or wrongly, they tend to make big shifts from one asset to another.
Aside from pulling out of equities, Yim notes that there has been a shift into mutual funds, although given market uncertainty he says clients have also been engaged in short-term trading to profit from volatility provided the liquidity is
London-based start-up New Alchemists Limited is aiming to help hedge fund managers build high performing teams, and prevent interpersonal dysfunction from destroying value within their businesses.
New Alchemists describe their approach as focusing on the unsaid and the unconscious. Difficult conversations that would otherwise go unsaid are facilitated, and unconscious, counter-productive behaviours are addressed. Both the unsaid and the unconscious can cost a fund in a number of ways: causing high value people to leave, increasing ‘key man’ risk and making succession planning difficult, causing people to cover up mistakes therefore increasing the risk of unwitting non-compliance issues, or
Global Investment House’s Global Distressed Fund was ranked tenth in the Fund of Funds – Distressed Securities/ Event Driven category for the year 2010 and eighth for July 2011 by BarclayHedge, based on its net returns.
Joseph Joseph (pictured), Head of Hedge Funds at Global says: “We are very pleased with the recognitions we received from BarclayHedge as Global conducts extensive due diligence and rigorous research to identify the most attractive managers specialising in the Distressed/Credit strategy .”
The Global Distressed Fund has been consistently ranked among the world’s top ten performing funds within its category. In May 2010,
