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RBC Capital Markets’ RBC Hedge 250 Index had a net return of -0.77 per cent in May. This brings the year-to-date return of the Index to 1.87 per cent. These returns are estimated and will be finalised by the middle of next month. The return for April 2011 has been finalised at 0.98 per cent.
The RBC Hedge 250 Index is a non-investable benchmark of the performance of the hedge fund industry. The Index operates in accordance with a unique construction methodology. The Universe on which the Index is based currently consists of 4,025 hedge funds (excludes funds of hedge
US investment banking giant JP Morgan announced this week that it had launched a Same Day Settlement platform in Asia Pacific with leading global investment management firm BlackRock.
NewAlpha Asset Management and Woori Absolute Partners (WAP), the Singapore-based alternative investment arm of Woori Investment Securities have teamed up in a joint venture venture to launch a seeding vehicle focusing on the Asia-Pacific region.
Targeting primarily European and Asian institutional investors, this new investment fund will be registered in Singapore and will invest in the funds offered by the most talented emerging managers. Like the other investment vehicles managed by NewAlpha AM, this seeding vehicle will allow investors to benefit form the growth of the seeded managers thanks to a scheme that aligns each party interest.
WAP is
The Lyxor Global Hedge Fund index, an investable index based on Lyxor’s hedge fund platform which tracks the overall hedge fund universe, lost 1.8% in May, year to date gains now stands at +0.3%.
The first week of May 2011 was dominated by the commodity stories. Silver plummeted by nearly a third as margins rose by 84% in less than two weeks. Crude oil fell nearly 15%* as the death of Osama Bin Laden and persistently positive oil inventory surprises preceded a reversal of the first quarter’s price run-up. Poor macro data reinforced the trend, but the sharp decline in
David Rumsey (pictured), Head of Multi Asset Product Team UK, HSBC Private Bank comments on the developing role of structured products in a challenging environment…
Investors are having a tough time finding attractive returns in a climate of very low interest rates, low growth and slowing equity markets. Potential growth areas such as emerging markets and commodities are sometimes difficult to access. Portfolio allocation is tricky when markets remain prone to risk events from political turmoil in the Middle East and North Africa, European sovereign risk downgrades and fiscal bail-outs.
We believe that structured products can help overcome some
Campbell & Company has expanded its executive management team by appointing Stephen Roussin as President of the firm.
Roussin joins Campbell & Company following a successful career in New York, most recently as Managing Director and Head of Investment Solutions for UBS Wealth Management Americas and as President & Chief Operating Officer for New York Life Investment Management, LLC.
While Terri Becks continues in her role as Chief Executive Officer, Roussin is expected to assist with the day-to-day management of the firm, supported by the firm’s Executive Committee.
Roussin brings 25 years of management experience to Campbell
Dalton Strategic Partnership (DSP) has appointed Keith Busuttil as an analyst on the European absolute return equities team, based in London.
Busuttil will work alongside Leonard Charlton, portfolio manager, David Robinson and Benjamin Billiard on the award-winning Melchior European equity long short strategies, including the UCITS version which soft closed in May having reached USD500 million. Keith will contribute to idea generation and company research, looking for long and short investment opportunities as well as the identification of investment themes.
Busuttil brings with him seven years industry experience. He joins DSP from The Blackstone Group where he was Vice
Investors have scaled back risk taking in the past month, reducing exposure to equities and commodities while upping allocations to cash and bonds, according to the BofA Merrill Lynch Survey of Fund Managers for June.
Asset allocators have been adjusting portfolios in the face of falling world markets, significantly reducing their holdings in equities, according to the survey completed between June 3 and June 9. The net percentage overweight equities fell to 27 per cent from 41 per cent in May, with Europe leading the way. The proportion of investors underweight eurozone equities rose to a net 15 per cent
Deutsche Bank’s Global Transaction Banking Division’s Trust & Securities Services (TSS) unit has expanded the brokerage services offered by Deutsche Bank Securities Inc (DBSI), Deutsche Bank’s registered US broker-dealer subsidiary, to create dbRemarket. The new service , which launched on 14 June, will provide investors with a transparent way of effecting the purchase or sale of holdings in private equity and hedge funds in the secondary market.
The service is designed to provide an independent platform to allow buyers and sellers to avoid protracted negotiations and to streamline the transfer of fund interests. Bidding will be conducted electronically through
The Transfer Agent division for U.S. Bancorp Fund Services has announced its first quarter 2011 results from National Quality Review (NQR), including a Best-In-Class rating for NQR’s new Correspondence Composite rating.
“This new benchmark allows us to gauge how our correspondence group performs compared to the industry based solely on contents of letters to shareholders. I’m proud that our organisation receives compliments from National Quality Review related to the quality of our content and that we are recognised as Best-In-Class,” says Ian Martin, executive vice president of the Transfer Agent at U.S. Bancorp Fund Services.
The Correspondence Composite rating
