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State Street Corporation and InfraHedge, a UK-based company providing an independent governance and risk management infrastructure for institutional investors to invest in hedge funds through managed accounts, have formed a new strategic alliance marked by State Street’s majority equity investment in InfraHedge.
As the growth of institutional investment in hedge funds continues, managed accounts are increasing in popularity as a mechanism for institutional investors to obtain more transparency and insight into risk exposure. State Street will add InfraHedge’s managed account platform, which is aimed at global institutional investors, including pension funds, endowments, funds of hedge funds, wealth managers and
BNP Paribas Corporate and Investment Banking has unveiled its global Prime Brokerage platform, which utilises the bank’s footprint worldwide, financial strength and market-leading technology to provide clients with a global approach to financing, execution and servicing. This platform will enable the bank to clear and custody assets in nearly every market as well as offer margin financing in 31 markets and in 13 currencies.
This new development by the Global Equities and Commodities Derivatives team, draws on BNP Paribas’ established risk expertise and innovative culture and brings sophisticated products to a broader range of clients. BNP Paribas Prime Brokerage clients,
Two fast-growing San Francisco based law firms, Cole-Frieman LLP and Mallon PC, are to combine their businesses. The new firm, known as Cole- Frieman & Mallon LLP, will be a boutique generalist firm focusing on hedge fund managers and hedge fund investors.
Karl Cole-Frieman and Bart Mallon will be co-managing Partners of the eight person firm, which is headquartered in San Francisco and has a satellite office in New York. With 215 clients in the hedge fund industry, the firm also managed over 100 hedge fund launches in the last two years.
Cole-Frieman & Mallon LLP provides advice on
SunGard’s APT has been voted best risk management software at the Hedgeweek USA Awards 2011. The Hedgeweek Awards for excellence among hedge fund managers and service providers honoured the US industry’s best performers and their ability to demonstrate consistency and depth of expertise against a backdrop of a more complex, but also potentially more rewarding, investment climate.
SunGard’s APT was recognised as "Best Risk Management Software" for its robust factor-based risk methodology and its excellent client service. The award was decided by the votes of Hedgeweek’s nearly 20,000 US-based subscribers, who include institutional and high net worth investors as well
Peter Moore, head of regulation & compliance, The IMS Group, is not expecting other hedge fund managers to follow George Soros’ lead in turning his firm into a family office…
The announcement that George Soros will no longer manage outside investors’ money may well be partly as a consequence of the current volume of regulatory change. The Soros firm would had to have registered with the SEC (by March 2012) along with hundreds of other asset managers, including firms outside the US and here in the UK. However, as the Soros firm currently comes close to qualifying for the “family office
In a new EDHEC-Risk Institute position paper, “A Review of the G20 Meeting on Agriculture: Addressing Price Volatility in the Food Markets,” Hilary Till (pictured), Research Associate with EDHEC-Risk Institute, and Principal of Premia Capital Management, examines food price volatility in the context of the G20 meeting of agriculture ministers.
In reviewing the evidence so far regarding the impact of commodity trading, speculation, and index investment on price volatility, the report finds that the evidence for the prosecution does not seem particularly compelling at this point. The paper’s conclusion is to agree with the World Bank president who has
Tripp Kyle has joined Brunswick Group as a Partner in the firm’s New York office. Kyle joins from Finsbury Group, where he played a pivotal role in building the firm’s New York office and its alternative investment management practice.
At Brunswick Kyle will focus on advising clients in the financial services sector, including asset management and alternative investment companies, such as hedge funds, real estate investment and private equity firms. He will also provide counsel to corporate and investment management clients on shareholder activism and corporate governance campaigns, as well as mergers and acquisitions, restructurings, and special situations.
“Tripp will
LCH.Clearnet Limited’s (LCH.Clearnet) market leading over-the-counter (OTC) interest rate swap (IRS) clearing service, SwapClear, has extended the range of currencies available for clearing. Interest rate swap trades denominated in Hungarian Forint (HUF), Czech Koruna (CZK) and Singaporean Dollars (SGD) out to 10 years can now be cleared.
Following the extension, 17 of the world’s largest currencies with maturities of up to 50 years are available for clearing through SwapClear. The unique and extensive product scope the service offers enables over 95% of all eligible IRS trades to be cleared, fostering transparency and security in the OTC derivatives market. Broadening the
Dalton Strategic Partnership (DSP), the global investment specialist, has appointed Gaurav Pant as investment advisor to the new MST Indian Absolute Return Fund (MSTIARF). The fund is expected to launch in September 2011 as a sub-fund of the Melchior Selected Trust, a Luxembourg SICAV.
Gaurav joins DSP from Goldman Sachs where he worked for over 8 years, most recently as executive director with Goldman Sachs Principal Strategies in London. He has a degree in Engineering from Delhi College of Engineering and an MBA from the Indian Institute of Management, Ahmedabad. He will join DSP’s existing Indian equity investment team based
Ralf Oberbannscheidt (pictured), portfolio manager, DWS Invest Global Agribusiness believes commodities will remain under pressure due to increased demand for food and fuel…
Sentiment was weak in emerging markets as signs of decelerating demand appeared, a result of rising energy prices year-on-year. Supply chain disruptions associated with the Japanese earthquake have weighed on global production. In addition, German and French industrial production posted lower numbers in June. More positively, euro area sales and German factory orders rose.
Possibly more significant is the fiscal front across the euro and the rising uncertainty caused by tensions in Greece. The fear of
