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Midas Medici Group Holdings’ Czech Republic-based CommodityPoint business has acquired the assets of Energy Hedge Fund Center, LLC (EHFC), a web portal and community for clients interested in hedge funds in the energy and commodity sectors.
The acquisition of EHFC by CommodityPoint was officially consummated on 8 June, 2011. EHFC has been historically quite active with approximately 10,000 unique visitors, a community of 1,400+ members and a newsletter with 1,300+ subscribers. Clients include: hedge funds, investment banks, institutional and private investors, energy companies, educational institutions, government, consultants and the media.
"I am pleased to announce the acquisition of assets belonging
Alternative Investment Group, a fund of hedge funds that invests primarily in long/short equity strategies, has appointed Michael J Tansley as Chief Financial Officer, effective immediately.
Tansley will be based in Alternative Investment Group’s Southport, CT office and will oversee the firm’s accounting, audit, tax, internal controls, information management, and administrative operations.
"Michael has 25 years of experience working in the financial services industry and will provide exceptional vision and additional oversight to our existing financial controls," says David Storrs, Chief Executive Officer of Alternative Investment Group. "We are very pleased to have Michael join our team."
Tansley joined Alternative
Greenwich, Connecticut CTA manager, Millburn Ridgefield Corporation, founded in 1971, has chosen Deutsche Bank’s Platinum platform
Fixed Income and Multi-Strategy were the only UCITS strategies that managed to generate positive returns in what proved to be a tricky month of May.
Geneva-based Pictet Asset Management, the Swiss investment manager with over USD418billion in asset under management and custody, this week launched a UCITS III-comp
Paris-based investment manager, Bernheim Dreyfus, ventured into the Newcits space last week by launching a UCITS III-compliant fund that will focus on mergers and acquisitions.
The Swiss banking group SYZ & CO has appointed Katia Coudray Cornu (pictured) as Head of SYZ Fund Research, its funds analysis and manager-selection department. The mission of SYZ Fund Research is to identify new themes and emerging talent, with a view to launching new sub-funds in the OYSTER investment funds family.
Before joining SYZ & CO, Katia Coudray Cornu worked for ten years with UBP in Geneva, where she was in charge of multi-management and manager selection, notably for a number of investment funds managed by third parties, and of managing the product range. Prior to that, Katia Coudray
FRM Sigma, the CTA fund of funds managed by Financial Risk Management (FRM), has seen its assets double in the last twelve months, reaching nearly USD700 million at the end of April 2011. Based on the current rate of inflows, Sigma is projected to reach USD1 billion in assets by the end of 2011.
Over its five year track record, Sigma has consistently demonstrated its ability to outperform other CTA funds of funds as well as many premier single manager CTAs. Since inception in November 2005, Sigma has generated total net returns of over 103%, including a net return
Hedge fund flows as measured by the GlobeOp Capital Movement Index were positive 1.36% in June.
"Investors remain committed to hedge funds despite volatility in many markets,” says Hans Hufschmid, chief executive officer, GlobeOp Financial Services (LSE:GO.).
The GlobeOp Capital Movement Index represents the monthly net of subscriptions to and redemptions from hedge funds administered by GlobeOp, divided by the total assets under administration (AuA) for GlobeOp’s fund administration clients. Subscriptions were greater than redemptions for the month of May.
Cumulatively, the GlobeOp Capital Movement Index for June 2011 stands at 133.84 points, an increase of 1.36 points over May
The international children’s charity ARK (Absolute Return for Kids) marked its tenth anniversary with its charity dinner in Kensington Palace Gardens on Thursday, raising GBP17.2m for children’s programmes in Africa, Romania, the UK and India. The event was attended by Their Royal Highnesses, The Duke and Duchess of Cambridge and more than 1,000 guests.
Guests commemorated a decade in which the initiative of a handful of committed philanthropists grew into an ambitious, entrepreneurial, charity which has transformed the lives of 200,000 children from Eastern Europe to Southern Africa, India and the UK.
The dinner was addressed by His
