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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
National Futures Association (NFA) has levied a fine of USD500,000 against Vision Financial Markets LLC (Vision). Vision is a Futures Commission Merchant and Commodity Pool Operator with headquarters in New York City and branch offices in Chicago, Illinois and Stamford, Connecticut.
The decision, issued by NFA’s Business Conduct Committee, is based on a Complaint filed in May 2011 against Vision and its president and senior vice president, Howard M. Rothman and Michael P Doherty, respectively and a settlement offer submitted by them.
The Committee found that Vision, Rothman and Doherty failed to diligently supervise five of Vision’s Guaranteed Introducing Brokers
Ahead of the proposed launch of Castlestone Management’s Aliquot Precious Metals UCITS fund on May 31, the firm’s CEO Angus Murray has been expounding the virtues of holdi
ML Capital are certainly busy right now.
EFAMA released a report on the evolving investment strategies of UCITS this week as the popularity in “newcits” – UCITS funds that employ hedge-like strategies to achieve ab
Babson Capital Europe, the credit specialist investment firm, has hired high yield specialist Kam Tugnait reported Creditflux this week.
