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Apex Fund Services has secured a USD30 million commitment from FTV Capital for a minority interest in the Company. FTV Capital, the first institutional investor in Apex, is a growth equity investor with extensive experience and a global network in the financial services industry, and especially asset management.
Apex has 23 offices worldwide, including Singapore, Shanghai, Dubai and Switzerland, and delivers global fund administration solutions to investment managers investing in traditional and alternative assets. Apex offers clients a wide variety of specialised and integrated products supporting middle and back office fund administration, complex derivatives, risk reporting and corporate secretarial and
Merchant Capital Limited, the financial services division of Merchant House Group plc, is set to launch five new funds on its Dublin-domiciled, UCITS III umbrella structure.
Five investment managers from around the world, all specialising in alternative investing, have chosen the Merchant Funds’ platform to launch their first UCITS III-compliant funds. The new funds, which are due to launch before 1 September 2011, will each have between USD25m to USD100m of assets under management. The funds will cover a variety of strategies from a US-based Exchange Traded Fund to a Russian Equity Long/Short fund.
The Merchant Funds’ UCITS platform
May was a difficult month for hedge funds globally.
Cube Capital, the global hedge fund manager with offices in London and Hong Kong, has made strengthening its re
With investor demands for greater transparency weighing heavily on the shoulders of hedge fund managers, BNY Mellon has responded by rol
Singapore-based hedge fund manager, Woori Absolute Partners (WAP), has joined forces with European global hedge fund incubation specialist, NewAlpha As
The London Metal Exchange (LME) has appointed Colin Griffith as a consultant for its LME Precious Metals Services.
Griffith will be working with the project lead, Joanna Stuart, together with Chris Evans, Head of Business Development, to promote and market the various LME services for the London precious metals markets. These services currently include a joint initiative with the LBMA to collect and distribute gold, silver and gold IRS curves as well as a joint initiative with LCH.Clearnet to clear OTC gold trades based on Loco London delivery for LBMA clearing members.
Griffith has over 30 years of experience
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 a
The Association of the Luxembourg Fund Industry (ALFI) has announced the election of the new president, Marc Saluzzi, who takes up the rolls, which will run for two years, with immediate effect.
Saluzzi has been on the board of Alfi since 2001. He later joined the Strategic Advisory Committee and in 2009 he became Chairman of the ALFI Alternatives Committee.
Saluzzi brings over 25 years experience in the Investment Management Industry in Luxembourg and in the US. e is French and graduated from the Institut Superieur de Gestion in Paris in 1986. He then joined PricewaterhouseCoopers and became a
By James Williams – Start-up numbers in Hong Kong might be down, but their size and quality is improving.
As the gateway to China, Hong Kong is perfectly located to capitalise on the growing alternatives industry, which earlier this year surpassed its previous high-water mark to reach USD2.02trillion in global assets. One of the great things about Hong Kong is how convenient and efficient everything is. In what amounts to probably little more than two square miles, the city’s financial district, Central, contains the majority of hedge fund managers and service providers. If ever the term “community” was relevant, it’s here.
