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Sadis & Goldberg is one of New York’s leading law firms and its financial services practice enjoys an international reputation. The Financial Services Group is made up of a team of seasoned legal professionals who routinely handle a diverse range of enquiries across the investment universe, providing legal counsel to several hundred investment advisers, broker-dealers and commodity pool operators that sponsor, manage and advise hedge funds, private equity and venture capital funds and separately managed accounts.
“We represent more than 600 hedge and private equity funds and have been advising the alternative investment community for over 15 years,” says partner
New York-based Rothstein Kass started life more than 50 years ago as a boutique accounting firm and has since gone on to become ranked as one of the alternative industry’s top CPA firms. As well as tax, auditing and accountancy services, the firm’s Financial Services Group supports clients across all stages of organisational development.
The Financial Services Group provides clear consistent communication to clients ranging from hedge funds and funds of funds to private equity and venture capital funds, and prides itself on the quality and entrepreneurial spirit of its employees.
Since taking on its first hedge fund clients 25
Winner of this year’s Hedgeweek USA Award for Best Event-Driven Manager is Stamford, Connecticut-based investment adviser FrontFour Capital Group. Co-founders David A Lorber (pictured) and Zachary R George alongside partner Stephen E Loukas co-manage the firm’s flagship fund, FrontFour Capital Partners LP.
The firm employs a fundamental value-oriented approach combined with intensive research to execute its portfolio strategy, seeking out market opportunities created by events or specific catalysts. Event-driven opportunities are sought across the capital structure in both credit and equity, including bankruptcies, asset sales and refinancings as well as equity-driven mergers and acquisitions, spin-offs, stock buy-backs and turnarounds.
FrontFour’s
The Securities and Exchange Commission has told a federal court that USD230 million held in an offshore account by a hedge fund has been returned to the US and will remain frozen pending completion of the SEC’s Ponzi scheme lawsuit against the fund’s adviser and its principal.
In a filing in the US District Court for the District of Connecticut, the SEC said the money was returned as a result of the court order obtained by the SEC in its case against Francisco Illarramendi of Connecticut and his firm Highview Point Partners LLC, which managed three hedge funds.
“We’re pleased
Admiral Administration is one of the world’s leading hedge fund administrators. Headed by Canover Watson in the Cayman Islands, the firm also has offices in Ireland and the US, from where a combined staff of more than 110 professionals, including 60 qualified accountants, provides independent administration support.
Since Admiral was launched in 1996 the number of hedge funds it administers has grown steadily to more than 200 funds representing some USD20bn in total net assets. Within the hedge fund space, approximately 90 per cent of Admiral’s hedge fund clients are based in the US, with the remaining 10 per cent
The Hedgeweek USA Awards 2011 for excellence among hedge fund managers and service providers have honoured the US industry’s best performers and their ability to demonstrate consistency and depth of expertise against the backdrop of a more complex, but also potentially more rewarding, investment climate.
The awards, presented at a lunch at New York’s Gansevoort Hotel on June 16, were decided by the votes of Hedgeweek’s nearly 20,000 US-based subscribers, who include institutional and high net worth investors as well as managers and other industry professionals at firms including fund administrators, prime brokers, custodians and advisers.
The inaugural Hedgeweek USA
HSBC Private Bank is maintaining its highest conviction overweight in hedge funds in the belief that the active and flexible investment approach employed by hedge funds is well suited to the current volatile market conditions.
In the latest HSBC Private Bank Quarterly Investment Outlook, Willem Sels, UK Head of Investment Strategy at HSBC Private Bank says: “With the recent slowdown in growth combined with high inflation being a challenge to riskier assets, we have downgraded equities, commodities and high yield bonds to neutral. With the upside in traditional asset classes becoming more limited, and markets likely to be volatile, we
The US Commodity Futures Trading Commission (CFTC) has filed and simultaneously settled charges against Mark Adrian of Delray Beach, Florida, for his role in issuing false statements to customers in a fraudulent foreign currency (forex) scheme. The CFTC order requires Adrian to pay a USD140,000 civil monetary penalty and prohibits him from trading for or on behalf of any other person and applying for registration with the CFTC. Adrian is currently not registered with the CFTC.
The CFTC order finds that, from approximately 2005 through approximately August 2008, KJW Capital Management, LLC (KJW), where Adrian was an employee and member,
Pioneer Investments is incorporating its UCITS III structure Pioneer Absolute Return Equity (PARE) into the mainstream Luxembourg Pioneer Funds Umbrella.
Investors in the new fund, Pioneer Funds – Absolute Return European Equity should benefit from: greater transparency – the change in portfolio structuring allows the implementation of a Long/Short equity fundamental approach using derivative instruments to provide both long and short exposure at single position level in a UCITS vehicle; increased liquidity – fhe fund will now offer daily NAV which will improve the liquidity profile in terms of subscriptions and redemptions; and reduced fees – performance will not be
Sunwah International Asset Management (SIAM), the asset management arm of Sunwah International Limited, has entered into a non-binding letter of intent with RAB Capital plc for the purchase and novation of the investment management agreements of its Energy Fund and Octane Fund (the novation).
SIAM has also entered into discussions to acquire an 80% stake in PCE Investors Limited (PCE), a UK-based, FSA regulated, institutional management business with approximately USD550 million assets under management.
In addition, Sunwah has entered into a non-binding letter of intent with an Asian based alternative asset manager who has expressed its intention to commit to
