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One of the world’s best known hedge fund managers, Steve Cohen’s (pictured) SAC Capital, has strengthened its equity l/s por
2011 continues to be a tough year for hedge funds globally, with Hedge Fund Research’s Composite Index reporting modest gain of +0.76 per
After seeing its Kospi Index hit a high of 2228 on 2 May, South Korea’s stock market has plummeted this month, falling 17 per cent: this equates to a 19 pe
August is turning out to be a good month for Stephen Diggle’s long Asian volatility and arbitrage (LAVA) fund, having already gained 4 per cent in the firs
Sciens Fund of Funds Management Holdings, part of the Sciens Capital Management Group and provider of single- and multi-strategy funds of funds and managed account services, today announces the recent appointment of two senior members to its London-based team. Dr Stavros Siokos, formerly of Citigroup and Piraeus Group, has joined as President and Michael Hart joins from bfinance as Senior Marketing Director.
In his new role, Dr Siokos is responsible for the general management of the fund of funds and the managed account platform businesses based in London, Guernsey and Zurich. He is a member of Sciens’ Investment Committee and
Structured finance and derivatives lawyer Jeffrey H Chen has joined Cadwalader, Wickersham & Taft’s Hong Kong office as partner. Chen, formerly with Mayer Brown JSM in Hong Kong, will be a part of the Capital Markets team.
"Jeff is a highly regarded capital markets lawyer. He brings to Cadwalader extensive knowledge of and experience with complex structured finance products," says Christopher White, Chairman of Cadwalader. "With great talent like Jeff, we continue to develop our full suite of debt, equity and hybrid capital markets services to clients throughout Asia. We look forward to his contributions to the Firm and to
International law firm Stephenson Harwood has appointed James Tinworth as a corporate partner to the firm’s funds practice in London. Tinworth joins from Simmons & Simmons LLP in a further boost to the corporate funds practice, following the appointment of Patrick Mousset in Paris from Mayer Brown in July.
He joins a team of five partners with specialist skills in investment trusts, property funds, open-ended investment companies (OEICs), hedge funds, venture capital, private equity, renewable energy funds and other investment vehicles in the UK and offshore jurisdictions.
Tinworth specialises in investment management and investment funds work, with a
Sauer Capital’s Alternative Investment Services, has introduced enhanced accounting and reporting functionality for side pocket accounts and special purpose vehicles (SPVs). The new service offers hedge fund managers greater flexibility in structuring their funds and managing illiquid or long-term assets.
Delivered via Sauer Caputal’s proprietary fund accounting platform, the automated service enables fund managers to easily segregate illiquid investments. Capital and/or earned income, along with applicable profit-carry forward, can be automatically moved from the side pocket to the main or "trading" portfolio, giving fund managers more ways to manage realised events within the side pocket. In addition, flexible investor statement
Since Xetra-Gold – a zero-coupon bond with perpetual maturity, representing a gram of gold, which is 100% backed by physical gold and represents the right to the delivery of gold – launched in 2007, investors have made use of this physical backing 500 times and taken delivery of a total 2.5 tonnes of the precious metal. For investors, owning a unit of Xetra-Gold is equivalent to owning one gram of physical gold. Fees for packaging, transport and insurance apply, which depend on the quantity delivered.


“Investors have a choice of small bars in several different sizes (1 gram to 1000
ALPS Fund Services (ALPS), a provider of administration services to the alternative asset management industry, has appointed Michael W Gull as Vice President, Business Development for the firm.
Gull, who has 20 years of Wall Street experience, will be responsible for growing ALPS’ hedge fund administration business on the East Coast.
“With the continued growth of our Boston operations and the large number of managers launching new products in New York, New Jersey, and Connecticut, we are excited to have Michael on the ground for us in Manhattan,” says Jeremy May, President of ALPS Fund Services. “Michael has a proven
