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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
John Donohoe, CEO of Carne Financial Services Group, has been named as an independent director to the board of the brand new Oddo Asset Management fund, called Orsay Merger Arbitrage.
The fund, which has been domiciled in Dublin as a QIF (Qualifying Investor Fund), will follow an M&A arbitrage strategy, and will be managed by fund manager Christian Fleury, who headed the merger arbitrage team at Banque d’Orsay. It will be promoted by Oddo Asset Management and managed by a team of nine in Paris, an investment management unit that has been working together for 13 years.
The fund was
The Securities and Exchange Commission has filed fraud charges against the CEO of a purported foreign currency trading firm, alleging he scammed hundreds of investors with false promises of high, fixed-rate returns while secretly using their money to fund his start-up alternative newspaper.
First Capital Savings & Loan Ltd Chief Executive Jeffery A Lowrance, who had fled to Peru and was arrested there earlier this year, was arraigned today on criminal fraud charges in a 2010 indictment filed by the United States Attorney’s Office for the Northern District of Illinois. In addition, the Commodity Futures Trading Commission filed fraud charges
Regulation must be ‘targeted, appropriate and relevant’, says Dermot Butler, chairman of Custom House Global Fund Services Ltd and Custom House Group…
Despite numerous statements to the contrary, there are apparently many who believe that I am against regulation in our industry – this is not true. I am totally in favour of regulation that is targeted, appropriate and relevant. What I am against is regulation for regulations’ sake, badly written and ill thought through regulation and “blanket regulation”, originally targeted at one specific problem, but which is written in such a way as to take out everything and everybody
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