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Monsoon Capital, the US-based hedge fund founded in 2004, saw its USD15million managed futures fund, Monsoon Asia Pa
Pamplona Capital Management has selected Quintillion to provide administration services to its unsecured credit fund which launched in Q2, 2011.
The fund, which has a seven-year timeframe, will purchase discounted packages of unsecured debt from UK high street banks and other domestic lenders.
Alan Doyle, Senior Manager, Fund Accounting at Quintillion, says; ”We are delighted that Pamplona selected Quintillion for their unsecured credit fund as they expand their range of investment strategies and fund structures. We look forward to working with Pamplona in the years ahead as they continue their expansion.”
Caroline Ong, Chief Operating Officer, Credit Funds at
The Honorable Jed S Rakoff of the United States District Court for the Southern District of New York has entered a consent judgment against Defendant Robert Feinblatt in SEC v. Feinblatt, 11-CV-0170, an insider trading case the SEC filed on 10 January, 2011.
Feinblatt was a co-founder and former principal of Trivium Capital Management LLC, a New York-based hedge fund investment adviser that has since wound down its investment management business. Previously, on 11 July, 2011, the Court entered a consent judgment against Defendant Jeffrey Yokuty, formerly an analyst who reported to Feinblatt at Trivium.
The Complaint alleged that
Citi has been awarded a mandate to provide a full complement of fund of hedge funds administration and custody services to Sandalwood Securities.
"After a thorough review of service providers, two of the key factors driving our decision to select Citi were the quality of the professionals we met and Citi’s commitment to developing technology solutions" says Ken Chapple, Chief Financial Officer, Sandalwood Securities, Inc. "In addition, transparency is a key commitment we make to our investors and their advisors. Citi’s investor services platform — and integrated Fund of Fund Solution — provides us with direct, Web-based access to our
It is very hard to know where to start. The last month has been a chaotic mix of extreme market volatility, contradictory but generally poor economic data, baffling politics and bizarre actions from governments around the world, says Thomas Becket, Chief Investment Officer of PSigma Investment Management…
It has all made for a horribly potent cocktail that created a miserable month for global asset prices and has impacted badly upon investor and consumer confidence around the world. At times there were strong echoes of the misery that we suffered in 2008, as intraday market volatility spiked and indices and individual
Private funds lawyer Udi Grofman has joined Paul, Weiss, Rifkind, Wharton & Garrison as a corporate partner in the New York office.
"Udi is one of the top lawyers in the alternative investment management field," says Paul, Weiss chair Brad S Karp. "We are thrilled to welcome a partner of his caliber and stature."
Grofman’s experience includes structuring a wide variety of alternative investment products, including hedge funds and private equity funds as well as structuring seed and strategic relationships. Grofman regularly advises investment management firms and their principals on risk management and regulatory compliance, as well as on operational
The Hedge Fund Standards Board, custodians of a set of Standards first drawn up in 2008 between global investors and hedge fund managers to promote best practice, are undergoing their third consultation. And with Dame Amelia Fawcett now at the helm having been appointed Chairman on 1 July 2011, the focus now is very much on taking the Standards globally: their first incarnation were written with an FSA lilt given that the working group contained 14 London-based hedge fund managers.
“I think it’s good manners to make the Standards global,” says Albourne Partners’ Simon Ruddick with a wry grin when
Wells Fargo & Company is to acquire LaCrosse Global Fund Services (LaCrosse), an independently managed hedge fund administration and middle-office service provider, from Cargill, pending regulatory approval in several jurisdictions. The Structured Product Services division within Wells Fargo Corporate Trust Services (CTS) is sponsoring the transaction.
Upon closing, this acquisition will provide Wells Fargo and CTS with a complete service offering to the hedge fund administration market as LaCrosse’s robust platform and technology performs not only traditional fund administration services, but also operational support, derivatives processing, bank debt processing and cash/collateral management. CTS’ market reputation and complementary services combined with
Early estimates for the very volatile month of August show broad hedge fund industry performance somewhere in the –3 to –5% range, while the IQ Hedge Composite Beta Index, IndexIQ’s broadest hedge fund replication index, finished August down –1.10%.
The IQ Hedge family, the first family of investable benchmark indexes covering hedge fund replication/alternative beta strategies, also outperformed the S&P 500 during August, and with much lower volatility.
August performance figures are –
Global Macro Beta Index +3.98 %
Long/Short Beta Index -3.63 %
Event-Driven Beta Index -0.05 %
Market Neutral Beta Index -1.21 %
Emerging Markets Beta Index
Talisman Global Asset Management, a London-based private investment company, has appointed David Zobel to the role of chief executive officer.
Zobel was previously Head of Hedge Fund Strategies at BlueBay Asset Management plc where he was a partner and helped build the firm into a USD40bn asset manager prior to its sale to Royal Bank of Canada. Beforehand he was a Managing Director at Deutsche Asset Management, responsible for a team managing over USD2bn in alternative investments on behalf of institutions and private clients.
Zobel will work alongside Julian Sinclair, CIO, in the sourcing of strategic business and investment
