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Advent Software has unveiled a major new release of Geneva, its award-winning global portfolio management and fund accounting solution. With the 8.5 enhancements, Geneva is one of the only solutions available that provides portfolio through fund and investor-level accounting on a single platform and extends the product’s portfolio management functionality into the front- and middle-office, making it a compelling offer for alternative investment firms worldwide.
Geneva 8.5 includes integrated solutions that meet the needs of new market segments, including family offices, private equity firms and fund-of-funds, and are available on a single platform to help simplify operations and reduce total
Man Group plc (“Man”) has doubled the number of staff it employs in Hong Kong in its AHL division – Man’s industry-leading quantitative managed futures manager – making it one of the first and largest CTAs to create a standalone trading operation in the city.
A newly added operations team will give AHL faster local support for trading and enable further specialisation in Asian markets. With its expanded team of 11 staff (from five), the new trading operation in Hong Kong covers 49 Asian markets, trading around USD4 billion a day.
Man has been in Asia for over
Strong performance in the last week of March, coupled with an adjustment to the GLG acquisition balance sheet, helped Man Group record statutory profit before tax from continuing operations of USD324 million (2010: USD541 million) for the year ended 31 March 2011, ahead of the pre-close estimate of USD280 million, according to the company’s latest results.
Adjusted profit before tax from continuing operations was USD599 million (2010: USD560 million) in the same period, whiled diluted statutory EPS from continuing operations was 14.0 cents per share (2010: 24.8 cents per share); adjusted EPS of 27.6 cents per share (2010: 25.5 cents
USD100million: that’s the AUM target for Singapore-based RSR Capital, whose volatility hedge fund Caerus Arbitrage Asia launched last August
Yet another overseas fund manager has been drawn to Singapore.
Morgan Stanley prime brokers are busy helping negotiate opportunities for i
Everyone knows what a jungle the financial markets are.
Alternative asset manager Investcorp and Prosiris Capital Management, a New York based hedge fund manager led by former Goldman Sachs managing director Reza Ali, have formed a strategic partnership that will provide Prosiris with support and stable growth capital while giving Investcorp and its investors access to a specialised credit oriented strategy.
Prosiris will become the latest investment advisor on Investcorp’s Single Manager Platform, which has a total of USD1.6 billion in client and proprietary assets under management. Investcorp will provide Prosiris with an initial investment and will also provide marketing and operational risk management support and oversight.
Investcorp generally
Northern Lights Capital Group, which provides capital and strategic resources to boutique asset management firms, has named Bernie Norton a Director. Norton, who will be based in Denver, will focus on new business development and client service in the Midwest for the Northern Lights portfolio companies.
Norton brings more than 10 years of financial industry experience to his new role at Northern Lights. Prior to joining the company, he was a consultant relations manager at Denver-based Janus Capital Group, where he oversaw national institutional consultant relationships. Before that he was with ICON Advisors, where he was responsible for all
Diamond Dragon Advisors Limited of Hong Kong, Shanghai and Sydney is has appointed Kyung W Kim as CIO, Fund Origination and GP Advisory Services.
As a Senior Managing Director, Kim will be on the Executive and Management Committees and will be located in the Hong Kong office.
Formerly General Manager of Tokyo-based Shinsei Bank, Kim played a key role in establishing the bank’s Alternative Investment program which invested in private equity and real estate funds and hedge funds for the bank’s balance sheet. Prior to Shinsei, she was an investment banker for Warburg Dillon Read and Morgan Stanley. She
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