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FRM Capital Advisors (FCA), the hedge fund seeding division of Financial Risk Management (FRM), and Eagle River Asset Management LLC (Eagle River) have formed a strategic relationship under which FCA has made a significant investment in Eagle River’s fund. The investment will bring total assets under management at Eagle River to over USD100 million.
Eagle River is a New York based hedge fund manager headed by Michael Pascutti. Michael was a founding partner at Sandelman Partners, where he and the Eagle River portfolio team ran a relative value portfolio. Prior to that, Michael spent five years with Citadel Investment Group, where he served
In recent years, there have been an increasing number of pensions and other institutional investors who have expressed interest or started investing in women and minority owned investment companies. Indeed, such investing is now mandated for public pension plans by several states, including Ohio, California and Illinois. However, the debate over these practices remains fierce, while the number of women and minority owned funds continues to be relatively small, even as demand increases.
Barclays Capital has published a paper – Hedge Fund Pulse – Affirmative Investing: Women and Minority Owned Hedge Funds, which attempts to answer some of the practical,
The Securities and Exchange Commission announced today that on June 6, 2011, the Honorable Dale A. Kimball of the United States District Court for the District of Utah granted the SEC’s motion for summary judgment and entered final judgment against defendants Brian J Smart of Lehi, Utah, and his company Smart Assets, LLC.
The Court found that Smart and his company violated the antifraud provisions of the federal securities laws, and ordered defendants to pay USD4.7 million in disgorgement and civil penalties.
The SEC filed this action against the defendants on March 11, 2009, alleging that Smart and his
Managed futures lost 2.06% in May according to the Barclay CTA Index compiled by BarclayHedge. Year-to-date, the Barclay CTA Index is up 0.19%.
“An increase in margin requirements aimed at curbing speculation in silver futures was the first of several shoes to drop in May,” says Sol Waksman, founder and president of BarclayHedge. “The debt crisis in Greece, tightening in China, and fears of a slowing US recovery were all cited as factors for the price reversals in commodities, currencies, and stock indices during the month.”
Seven of Barclay’s eight CTA indices lost ground in May. The Barclay Diversified
HazelTree Fund Services, Inc., a New York-based provider of Treasury management services for alternative investment managers, has announced the election of Ron Suber (pictured) to its board of directors, effective immediately.
As Senior Partner and Head of Global Sales and Marketing for Merlin Securities, Suber will provide HazelTree with the benefit of his more than 20 years of experience in sales, marketing, strategy and business development across the hedge fund, broker dealer and registered investment adviser industries.
"Ron is a true leader within the hedge fund community and our Board is thrilled to have him," says HazelTree CEO Stephen Casner.
The Lyxor Hedge Fund Index was down 1.80% in May. Year-to-date performance as of May 2011 is up 0.30%. The month of May was quite volatile and negative for the majority of Hedge Fund strategies.
The top performing strategies year-to-date are Lyxor L/S Equity Market Neutral (+3.52%), Lyxor Merger Arbitrage Index (+3.02%), and Lyxor L/S Equity Variable Bias Index (+3.00%).
The Lyxor Hedge Fund 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
Baring Asset Management (Barings), the international investment management firm, believes that as Asian economies continue to strengthen, Asian debt and currencies can provide some of the best absolute and risk-adjusted returns versus US and other global fixed income sectors.
Thomas Kwan, Head of Asian Debt at Baring Asset Management comments: “Asian debt, both local government and US dollar corporate, has been less volatile than emerging market debt and this stability has enabled the sector to deliver superior risk-adjusted returns in comparison to some other asset classes. We believe that the Asian bond market continues to offer attractive risk-adjusted returns for
Hedge funds gave back 1.13% in May according to the Barclay Hedge Fund Index compiled by BarclayHedge. Year-to-date, the Index remains up 1.87%.
“After eight months of steady gains, the Barclay Hedge Fund Index fell back in May,” says Sol Waksman, founder and president of BarclayHedge. “Continuing turmoil in the Middle East, tightening in China, Eurozone concerns and the US debt ceiling debate all contributed to investor jitters and a resultant flight from risk assets.”
Thirteen of Barclay’s 18 hedge fund indices were down in May, while five held their ground or advanced. The Emerging Markets Index took the biggest
As part of the continued evolution of its global FX platform, RBC Capital Markets, the corporate and investment banking arm of Royal Bank of Canada (RY on TSX and NYSE), has launched Reuters Trading for Foreign Exchange (RTFX).
RBC Capital Markets is already a globally active market maker in spot, forward, swap and option products in all major currencies, and becomes the first Canadian bank to act as a market maker through the RTFX FX trading community, which encompasses more than 650 financial institutions.
“Our network of major international trading hubs gives our clients on-the-ground service with round-the-clock execution capabilities
By Paul Farrell (pictured), Ingrid Pierce and Deborah Poole – With the impact of the global financial crisis on the performance of investment funds fading, managers’ attention is increasingly focused on the evolving regulatory framework. However, the after-effects of the crisis linger on in issues related to managers’ power to suspend redemptions and the ability of disgruntled investors to wind up solvent funds.
With final agreement on the EU’s Alternative Investment Fund Managers Directive and the impending introduction of the Dodd-Frank Act in the US, 2011 represents perhaps the best capital-raising environment for some time, with hedge fund managers poised
