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AEGON will rebrand its asset management activities in the United Kingdom to Kames Capital to enhance its distinctive investment propositions and to support the growth of the business.
Since the launch of the global asset management organisation two years ago, AEGON Asset Management has been focused on three customer segments – AEGON’s general account investments, unit-linked investments for insurance clients and external third party mandates. AEGON Asset Management’s businesses in the United States and the Netherlands primarily focus on leveraging their expertise in managing AEGON’s general account investments to expand unit-linked and investment solutions business.
In the United Kingdom,
The Lyxor Hedge Fund Index was down 2.15% in June. Year-to-date performance* as of June 2011 is down 1.85%. The month of June was quite volatile and recorded negative performances for the majority of Hedge Fund strategies, while some of them still remain positive year-to-date.
The top performing strategies year-to-date are Lyxor L/S Equity Variable Bias Index (+2.03%) and Lyxor L/S Equity Market Neutral Index (+2.01%).
The Lyxor Hedge Indices are investable, asset-weighted indices, designed to offer investors straightforward access to hedge fund performance. The indices are based on Lyxor’s managed account platform that covers all the major hedge fund strategies and benefits from a high
Eze Castle Integration has appointed former hedge fund IT head Steve Schoener as vice president of client technology. Schoener will drive technology growth and initiatives through the company’s North America, Europe and Asia offices and assist in product and service evaluations with new and existing hedge fund clients.
Schoener brings nearly a decade of experience in the hedge fund technology market, most recently serving as head of IT for DW Investment Management. While there, he oversaw all technology initiatives for the investment advisor business. Previously, Schoener served as associate director for UBS Investment Bank. However, his roots in the
The latest Preqin hedge fund investor study has revealed that just under one-third of investors plan to make a commitment to the asset class in the coming 12 months, investing up to a combined USD195bn. Of these investors, 47% are seeking opportunities to invest in funds of hedge funds. The research also found that over half of funds of hedge funds are seeking new investments themselves.
Some 36% of public pension funds are looking to make extra allocations to the asset class in the next 12 months. Of these, over half are looking to make fund of funds commitments.
Douglas R Rothschild, a financial industry veteran and expert in hedge fund operations and asset management, has been named president of Performance Trust Investment Advisors, LLC (PTIA), a sister company of Performance Trust Capital Partners, LLC.
As president, Rothschild will be responsible for running the asset management business for Performance Trust Investment Advisors and executing the company’s current business strategy, including raising additional assets and building out the infrastructure in distribution, client service and operations. He will team up with Chief Investment Officer Peter Cook, who manages the investment teams at PTIA.
Rothschild has over 16 years of experience in
Finisterre Capital, the long/short emerging market total return specialist, has appointed Ivailo Vesselinov as an Economist. He will report to Christopher Watson, Head of Research at Finisterre Capital.
Vesselinov was previously at Credit Suisse in London, where he was a Director and Senior EMEA Economist. He joined Credit Suisse in 2009 from Dresdner Kleinwort, where he held a similar position. He began his career in 1999 at the Bulgarian National Bank in Sofia as an Analyst. Vesselinov holds an MPhil in Macroeconomics from the University of Cambridge.
“Ivailo will be a welcome addition to our team,” says Watson. “He
Citi has released a new white paper that outlines the top five issues that OTC Derivative investors must plan for in the wake of Dodd-Frank reforms.
“Ready or Not? Here It Comes: OTC Derivatives in the Post-Dodd-Frank Landscape – Implications for Investment Managers,” which is co-authored by Bikramjit Singh (pictured), Global Head of OTC Derivative Services at Citi, describes the challenges facing investment managers across operations and technology infrastructure. Citi estimates that about 60% of the current OTC derivatives market by volume will be centrally cleared.
“Investment managers should expect significant technology and operational challenges and may need sizeable
John Locke Investments, a Paris based commodity trading advisor (CTA) has independently launched its first UCITS compliant Fund. The Cyril Systematic Fund provides investors with access to the firm’s flagship Cyril Systematic Program under the Ucits umbrella. The Fund was recently approved by the AMF (Autorité des Marchés Financiers), has almost EUR30million in assets under management and will provide daily liquidity to its investor base.
John Locke Investments has been offering its flagship Cyril Systematic Program toclients over the last 11 years via onshore and offshore Funds and privately managed accounts and continues to deliver consistent non correlated returns to
ICAP plc (IAP.L), the world’s premier interdealer broker and supplier of post trade risk and information services, has appointed Mark Price as Chief Operating Officer of the firm, subject to FSA approval.
Price will have overall responsibility for Risk, Compliance and Human Resources and provide management oversight of ICAP’s Information Technology infrastructure. Mark will start on 3rd October 2011.
Michael Spencer, Group Chief Executive, ICAP plc, says: "This appointment reflects our belief in maintaining the strong control environment and robust risk management we have developed as financial regulation is strengthened and market infrastructure changes. Mark brings a great depth
Hedge fund flows as measured by the GlobeOp Capital Movement Index were negative 0.2% in July.
"July flows again reflected quarterly re-allocations by investors. Outflows slightly exceeded inflows for the month, while total outflows have been remarkably similar on the last four quarterly dates,” says Hans Hufschmid (pictured), chief executive officer, GlobeOp Financial Services (LSE:GO.).
The GlobeOp Capital Movement Index represents the monthly net of subscriptions and redemptions administered by GlobeOp. This monthly net is divided by the total assets under administration (AuA) for GlobeOp’s fund administration clients.
Cumulatively, the GlobeOp Capital Movement Index for July 2011 stands at 133.86
