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After launching the first-ever RMB-denominated bond fund to buy Australian real estate last week, Agincourt Capital has said it plans to invest in AUD500m
Monsoon Capital, a US-based hedge fund advisor established in 2004, has launched a new pan-Asia equity futures
The GlobeOp Forward Redemption Indicator for July 2011 measured 2.08%, down from 4.01% in June.
“The Forward Redemption Indicator registered a new all-time low in June,” says Hans Hufschmid, chief executive officer, GlobeOp Financial Services (LSE:GO.). “This is the smallest redemption notice percentage since the start of the series in January 2008.”
The Indicator represents the sum of forward redemption notices received from investors in hedge funds administered by GlobeOp, divided by the AuA at the beginning of the month for GlobeOp fund administration clients. Forward redemptions as a percentage of GlobeOp assets under administration have trended significantly lower
The EDHEC-Risk Institute has published a new publication – “An Integrated Approach to Sovereign Wealth Risk Management,” – containing the results of the second-year research work conducted in the Deutsche Bank research chair on asset-liability management (ALM) techniques for sovereign wealth fund (SWF) management.
The publication extends earlier work on the optimal investment policy and risk management practices of sovereign wealth funds by integrating these funds into the economic balance sheets of their sponsoring countries. This echoes recent advances in corporate pension fund management that consider the fund an integral part of the corporate balance sheet and jointly analyse capital
Pacific Fund Systems (PFS-Paxus) has hired Keith Parker as Head of Sales & Marketing (Europe). Parker will drive new business growth across the European market to add to PFS’s already significant European presence and to complement the company’s business in other jurisdictions.
Parker brings 17 years’ of sales and marketing experience gained across the employee benefit, reinsurance and hedge fund technology markets.
Graeme Vollemaere, director and co-founder of PFS-Paxus, says: ‘Keith has an excellent reputation in the fund administration market and along with his experience in driving sales will be a valuable addition to the global PFS-Paxus team as we
Tom Murray, former Partner and Deputy Chief Investment Officer of EIM USA, has joined the independent fund of hedge funds manager Arden Asset Management as Managing Director, Investment Strategist.
In this new role, Murray will work closely with Arden’s Investment Committee to develop the firm’s top-down view and help to support Arden’s customised investment portfolios. In addition, he will interact regularly with Arden’s Client Service and Development team for client, consultant and industry meetings and events.
Averell H Mortimer, President and Chief Executive Officer, says: "We are thrilled to have Tom join Arden’s management team. Tom has significant expertise that
Gottex Fund Management Holdings’ total assets increased by 2.6% during the quarter ended 30 June 2011 to USD8.9bn, according to the company’s latest trading statement.
The increase was primarily as a result of subscriptions of USD 550 million at Gottex Fund Management (GFM) and Gottex Solutions Services (GSS).
Gottex’s flagship MN Plus product regained its high water mark in January 2011 and has accrued performance fees for 1H 2011.
GSS continued to grow its assets which increased 14% from USD 1.84 billion at March 2011 to USD 2.10 billion by June 2011, of which USD 1.54 billion are related to
It could be a long summer, argues PSigma Investment Management chief investment officer Tom Becket (pictured), with the European sovereign debt crisis and the political argument over raising the US government debt ceiling still unresolved. Unless these issues are tackled decisively, not even the sterling performance of the corporate sector may be enough to sustain the fragile market recovery of the past two years…
The last few weeks have been extremely testing for financial markets, once again ruining summer holidays, as fund managers nervously glance at their Blackberries under the disappointed gaze of their families. Recent summers have all proven
Despite being cautious on G5 growth, it’s difficult seeing value in bonds. Unless, of course tepid recovery rates are now relapsing into something more sinister, in which case, deflation-risk re-emerges and QE gets dusted off again. Neil Williams (pictured), Chief Economist, Global Government and Inflation-Linked Bonds at Hermes Fund Managers, discusses why any comparisons that liken now to the 2008-2009 crisis look premature…
Activity levels are still improving, China is growing strongly, Japan will reconstruct, and global inflation is rising. Thus, backing up Bernanke’s assertion that deflation is no longer a “non-trivial risk”, and the Fed is now in “…a
Heavy investments by global banks in fixed-income trading platforms over the past several years have resulted in intense competition in the US market, according to the results of Greenwich Associates 2011 US Fixed-Income Study.
In 2011, no fewer than three dealers — Barclays Capital, Deutsche Bank and JP Morgan — are deadlocked at the top of the market with market shares in institutional trading of roughly 11.5%. Two firms, Goldman Sachs and Citi, follow close behind with market shares topping 10%. These firms are the 2011 Greenwich Leaders in Overall US Fixed-Income Market Share
“Compared with recent years, the
