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Dr Oliver Plein (pictured), Head of Product Specialists – Equities at DWS Investments, takes a look at how today’s environment impacts equities…
In 2011 the world economy will likely be driven by the timing and speed of monetary policy changes. In the US, the Fed is likely to remain on its current course well into the second half of 2011, whereas in the euro zone, the European Central Bank (ECB) is facing an increasingly difficult task as a one (monetary) size fits all approach does not appear to be appropriate for booming Germany as well as the stagnating countries of
A new wave of global regulatory reform, combined with the prospects for renewed growth in the investment management industry, will deliver a "one-two punch" for fund administrators in 2011, according to Confluence, a provider of automated data management solutions. Confluence believes that this will lead to transformation of the back office, with fund administrators investing in their IT infrastructure to keep up with increased demands.
The changes will impact the global fund industry—from already highly regulated mutual funds to hedge funds, which are positioned to be the new frontier for regulation and back-office transformation.
"Fund administrators will be faced
Pierre Bourlatchka has been appointed a Director at Kinetic Partners and will join the risk management consulting and monitoring team in London.
Bourlatchka joins Kinetic Partners from F&C Asset Management, where he worked for the Alternative Investment Market Risk team, focusing on all aspects of AI risk management and reporting. During his time at F&C Asset Management, he was involved in all aspects of risk across a large variety of asset classes. Prior to this, Bourlatchka worked within Risk Management and Quantitative Analysis at Deephaven Capital Management on the Volatility & Convertibles bonds, High Yield & Fixed Income and Credit
Frontier Investment Management (Frontier) has launched Euro and Swiss Franc share classes for its FrontEdge Global Hedge Fund in response to growing demand from Swiss and European family offices and institutions. The two new additions mean the fund now offers Sterling, US Dollar, Euro and Swiss Franc share classes.
FrontEdge Global Hedge Fund combines investments across over 50 single hedge fund managers, segmented across strategy, size and geographical focus with a significant allocation to a proprietary blend of synthetic replication strategies. The Fund, provides investors with an efficient means to access the returns of the global hedge fund industry while mitigating
NYSE Euronext has extended its range of indices into the commodity asset class with the launch of four single commodity indices based on its NYSE Liffe Milling Wheat Futures Contract and Cocoa Futures Contract respectively.
The new single commodity indices will measure the performance of a strategy which consists of investing in the most active delivery month of the relevant Futures Contract, measured by level of open interest. When the expiry date of this delivery month approaches, the investment is rolled into the next most active delivery month. The indices offer investors an easy way to track the NYSE Liffe
Agecroft Partners, a global hedge fund consulting and third party marketing firm, has hired hedge fund veteran Doug Moore as a Managing Director. Moore brings over 14 years of institutional hedge fund experience to Agecroft Partners.
Previously, Moore spent eight years with another hedge fund third party marketing firm, and before that he worked six years for a multi-billion dollar hedge fund. During this time he has developed a very strong knowledge of hedge fund investment strategies and the capital markets, which should give him significant credibility with large institutional investors. Moore’s responsibilities will include assisting with due diligence on
Andrew Morris (pictured), managing director of Signature, the arm of Rowan Dartington dedicated to supporting investment professionals and their clients, comments on the Eurozone crisis and the threat it poses to the UK…
Is it true that the UK is seen a “safe haven” as George Osborne claims? Or is it merely not quite as shambolic as Eurozone?
In the current environment there are few places that can be termed genuine safe havens. Currency movements are a measure of confidence in an economy. Of the major currencies, the pound is the second worst performing currency after the USD over
Hedge fund performance was down for the second month in a row, with a 1.04% loss in June according to the Barclay Hedge Fund Index compiled by BarclayHedge. Year-to-date the Index is up just 1.02%.
“After eight straight months of gains going back to September of 2010, hedge funds have lost ground for two months in a row, giving up most of their 2011 profits,” says Sol Waksman (pictured), founder and president of BarclayHedge.
Overall, 14 of Barclay’s 18 hedge fund indices lost ground in June. The Equity Long Bias Index was down 1.84%, the Event Driven Index lost
Guernsey’s engagement with Washington has resulted in Democrat Senator Carl Levin removing the Island from his “blacklist”. Guernsey’s Chief Minister Lyndon Trott (pictured) this week met with officials in Washington. The meetings continued a dialogue started nearly a decade ago to strengthen ties between the Guernsey and US governments and reinforced Guernsey’s reputation as a leader in tax transparency, information exchange and international co-operation.
This has led to a number of positive outcomes, with the latest example being Senator Levin this week unveiling a modified bill that no longer mistakenly lists the Island as an “offshore secrecy jurisdiction.” The Chief
On July 14, 2011, the Securities and Exchange Commission filed a settled civil action in the United States District Court for the Eastern District of New York against James M Peister and Northstar International Group, Inc (Northstar).
The Commission’s complaint alleges that, from 2003 through 2009, Peister and Northstar intentionally overstated the assets of the North American Globex Fund, LP (“Globex Fund”) and in so doing they: (1) provided investors and prospective investors with materially false and misleading sales materials claiming an improbable track record of consistent positive monthly returns; (2) issued materially false and misleading account statements to
