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Athena Capital Advisors, a Registered Investment Advisor providing investment advisory and management services to both private and institutional clients, has acquired Stonehorse Capital Management, a fund of funds manager focused on emerging hedge funds (generally those funds smaller than USD500 million or younger than 36 months). The acquisition became effective June 28th, 2011, and the acquired entity will be named Athena Stonehorse.
Athena Capital Advisors serves as their clients’ chief investment officer and investment staff, providing a comprehensive investment solution for their clients. For the past two years, Forbes has named Athena one of the top 50 fee-only Registered Investment
Retailers in Abu Dhabi are claiming that gold remains an attractive prospect for investors as they continue to strive for a safe haven for their cash.
Alternative Asset Analysis (AAA), an organization that advocates alternative investments, supports the claim that despite further price rises, gold is still a good alternative investment bet.
The price of gold has soared once more in the past few weeks, by a further USD160 per ounce to USD1,660. As a result, some buyers have been hesitant recently, according to the retailers who claim that for some, gold is simply getting too expensive.
The rise in
JP Morgan has been selected by investment management firm AQR Capital Management, LLC (AQR), adviser to the AQR Funds, to provide prime custody and fund administration to its newly launched mutual fund – the AQR Multi-Strategy Alternative Fund. As described by AQR, the Fund seeks exposure to the following sub-strategies: Convertible Arbitrage, Event Driven (including Merger Arbitrage), Fixed Income Relative Value, Equity Market Neutral, Long/Short Equity, Dedicated Short Bias, Global Macro, Managed Futures and Emerging Markets.
AQR, which was founded in 1998, is based in Greenwich, Connecticut and indicates as of June 30, 2011 that it manages approximately USD40 billion in
Hedge funds, as measured by the Dow Jones Credit Suisse Hedge Fund Index, were up 1.7% in the first half of 2011, posting positive performance in four out of six months, according to the latest Dow Jones Credit Suisse industry review.
The industry saw an estimated USD33.8 billion in inflows in the first half of 2011. At this pace, the industry is on track to triple the asset inflows received in 2010
Fixed Income Arbitrage experienced the largest inflows in the first half of 2011, gaining USD18.4 billion followed by Global Macro (+USD14.4 billion) and Long/Short Equity (+USD9.0 billion)
Including
U.S. Bancorp Fund Services has launched its fourth Multiple Series Trust (MST) for investment management firms to support their mutual fund products. The fourth MST was effective as of 26 May, 2011. The newest trust, called Managed Portfolio Series (MPS), continues U.S. Bancorp Fund Services’ tradition and growth in the shared trust market.
“We are excited to be able to expand our MST offering and provide our clients with the highest level of products and services necessary for them to be successful in this competitive landscape. Our culture and work ethic drive us to deliver what it takes to support
Two new funds from US and UK fund managers are being launched on Alceda Fund Management’s platform the firm announced this week.
360 Global Capital, a New York-based hedge fund advisor has launched an onshore UCITS version of its equity l/s fund reported HFMWeek this week.
In its latest UCITS Barometer survey, Malta-based ML Capital has found that merger arbitrage is the strategy most favoured by alternative UCITS investors, with 79 per cent planning to increa
Castlestone Management “continues to operate as normal” despite having the FSA descend on its offices i
Carne Global Financial Services has appointed John Ackerley as a Director with its Cayman Islands team. Ackerley joins seasoned fund directors Peter Heaps and Roisin Cater in providing governance services to Cayman domiciled funds.
Ackerley has over 18 years of experience in the financial services industry, and has worked on a wide range of fund structures for some of the leading names in investment management. Before joining Carne, he was working as a Senior Vice President with Maples Finance.
Prior to joining Maples Finance Ackerley worked for Rawlinson & Hunter/ The Harbour Trust Co where he focused on the provision
