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Equinox Fund Management has added the commodity trading advisor, or CTA Program, Berkeley Quantitative Trading Company – Performance Program, LLC (BQ) to the investments held by the subsidiary of MutualHedge Frontier Legends Fund. MutualHedge is a mutual fund providing investors with exposure to an actively managed portfolio of multiple managed futures investments. MutualHedge has two classes of shares, which trade under symbols MHFAX and MHFCX.
Equinox selected Berkeley Quantitative for inclusion in MutualHedge because of BQ’s trading methodology and low correlation to trend-following strategies. Berkeley Quantitative uses multiple models in its quantitative, systematic trading approach; its strategy seeks profits by
The Dow Jones Credit Suisse Hedge Fund Index posted positive performance in April, finishing up 1.80%, with nine out of ten strategies posting positive performance for the month.
Managed Futures was the best performing sector in April. The strategy gained 5.40% as managers capitalised on positive momentum in both equity and energy prices.
Equity Market Neutral managers finished the month of April in positive territory. The strategy gained 3.37% as managers benefited from low stock correlations and a largely fundamental orientation throughout the month.
Global Macro hedge funds posted positive performance of 2.46% in April. Currency trades positively contributed to
Although European fixed income investors remain relatively optimistic on the booming high-yield asset class, the strength of this sentiment is fading, according to Fitch Rating’s European Senior Fixed Income Investor Survey for Q2 2011.
"High-yield corporates remained in top spot as most favoured choice by investors, although by a reduced margin compared to the previous quarter," says Monica Insoll (pictured), Managing Director in Fitch’s Credit Market Research group.
The share of survey respondents expecting improvements in fundamental credit conditions for high yield also reduced to 40% from 53% in Q111. Compared to the other six asset classes monitored in the
Hedge fund forward redemption notices increased slightly in May according to the latest results issued by one of the industry’s major indicators.
The GlobeOp Forward Redemption Indicator for May 2011 recorded a modest increase to 3.92%, up from 2.45% in April but lower than the 4.25% from a year ago.
“Although the indicator increased in May there is no reason to believe that this signals a change in investor sentiment,” says Hans Hufschmid (pictured), chief executive officer, GlobeOp Financial Services.
The Indicator represents the sum of forward redemption notices received from investors in hedge funds administered by GlobeOp,
AlphaMetrix Group, LLC, a provider of consolidated platform and administration services for hedge funds and investors, has appointed that Mark Faulkenberg as Director of Global Operations at hedge fund administrator AlphaMterix360.
In this role, Faulkenberg will oversee day to day operations of the company and lead all operational due diligence activities in support of the AlphaMetrix Platform. He reports to David Young, Chief Operations Officer, and is based in AlphaMetrix360’s operations center in Columbus, Ohio.
“Mark’s background of building and running back and middle-office operations have made him not only an outstanding operational executive, but one of the industry’s leading
Permal Investment Management Services has appointed Paul Jeffries (pictured) to its institutional team, where he will be responsible for the Group’s UK Institutional business. Jeffries joins Permal on 1 June from Railpen Investments and will report to Roberto Giuffrida, Executive Vice President and Co Head Global Business Development.
At Railpen Investments, the UK railways pension scheme and one of the largest UK schemes, Mr Jeffries managed the GBP8 billion global equity multimanager portfolio, investing in both traditional and alternative managers. This role included research, monitoring and selecting new investment ideas. Before joining Railpen in 2005, Mr Jeffries worked at
The United States District Court for the Central District of California has granted the SEC’s motion for default judgment and entered a Final Judgment against defendants Easy Equity Asset Management, Inc, Easy Equity Management, LP, Easy Equity Partners, LP, Alero Equities The Real Estate Company, LLC, and Alero IX Corporation (collectively, Easy Equity) in a pending civil action.
The Final Judgment enjoins (i) Easy Equity from violations of Section 17(a) of the Securities Act of 1933, (ii) Easy Equity Asset Management, Inc., Easy Equity Management, L.P., Easy Equity Partners, L.P., and Alero Equities The Real Estate Company, L.L.C. from
The latest Preqin study of institutional hedge fund investors has found that just 7% have no plans to increase their commitments to the asset class over the next three years. The results suggests that there will be a significant inflow of institutional capital into the industry in the next few years.
The study also revealed that 20% of investors had expanded their hedge fund teams over the past year, while a further 20% of those that do not currently have a hedge fund team intend to develop one within the next three years.
Some 30% of institutional investors will definitely
Palmer Square Capital Management, a manager of hedge fund-of-funds partnerships and customised alternative investment solutions, has launched the Palmer Square Absolute Return Fund, its first open-ended mutual fund.
Launched in partnership with Montage Investments, the objective of the fund is to seek capital appreciation with an emphasis on absolute (positive) returns and low correlation to the broader equity and bond markets. The fund offers investor and institutional share classes, trading under the symbols PSQAX and PSQIX, respectively.
The fund utilises a concentrated group of seven institutional managers that operate a broad range of hedge fund-type strategies, including global macro,
The acquisition last year (2010) of Mourant International Finance Administration, the alternative fund services arm of the Jersey-headquartered legal and financial services firm, is proving a highly successful move, according to State Street senior vice-president and head of private equity and real estate services Phil McGowan (pictured).
“We are expecting strong growth in Jersey and Guernsey, and we are thinking that private equity and real estate are extremely good places to be right now,” McGowan says. “That’s why we made the acquisition and are putting our resources into the Channel Islands.
“The people and skills that come with acquisitions are
