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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
Pan-Asian equities are at an inflection point this summer. The question everyone is asking is: have the Chinese authorities over-tightened, thus causing a hard landing in the economy, or have they finessed their tightening expertly and managed to create the much sought after ‘soft landing’. Rupert Foster (pictured), manager of the Matrix Asia UCITS Fund comments on why he is in the ‘soft landing’ camp…
I disagree with the bears who would point to the bursting of the property market bubble, stubbornly high levels of inflation creating fears of stagflation, and the likelihood of savage bad debt escalation after the
With relatively high equity market valuations and low interest rate environments in virtually all developed markets, South African investors looking for offshore diversification are faced with a challenging prospect in terms of both risk and returns.
According to Kevin Ewer, portfolio manager at Blue Ink Global, Blue Ink Investments’ offshore division, one solution for these investors would be to allocate a portion of their offshore portfolio to global hedge funds, which he believes currently offer far higher prospects of outperforming other asset classes on a risk/return basis, especially over the mid to long term.
“The case for hedge funds
Investors continued to allocate new capital to hedge funds through and despite the volatile performance environment in 2Q11, as new allocations to the hedge fund industry totalled nearly USD30 billion in 2Q11, according to data released today by HFR in the latest edition of Global Hedge Fund Industry Report: 2Q11.
Inclusive of the USD32 billion in inflows from the previous quarter, inflows in H1 2011 exceeded USD62 billion, the strongest half-year total since 2H07, when the industry saw USD75 billion in inflows. Strong 2Q inflows offset a modest performance-based asset decline, and extended the record level of capital invested
Tradar, a provider of portfolio management and accounting software to the buy-side globally, has seen a 20 per cent uplift in its US client numbers since the start of 2011. With the investment management community facing a challenging and ever-changing environment, Tradar’s recent success reflects its ongoing commitment to delivering a robust and transparent solution with low total cost of ownership (TCO) available via on-site, or cloud based deployment options.
Tradar has witnessed soaring demand for its flagship product Insight, with new clients in the US adding to a rapidly growing community of users in Europe and Asia. Tradar’s
National Futures Association (NFA) has hired Jamila Piracci as Vice President of OTC Derivatives, a new position created to oversee the regulation of swap dealers (SDs) and major swap participants (MSPs). Piracci comes to NFA from the Federal Reserve Bank of New York.
"We are very excited to have Jamilla join NFA," says NFA President Dan Roth (pictured). "With her extensive background in swaps and depth of experience she is the perfect candidate to lead NFA’s efforts in this area."
The Commodity Futures Trading Commission’s (CFTC) proposed rules delegate NFA the responsibility of processing applications for registrations as SDs and
