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Following the recent acquisition earlier this year to manage the Spencer House Capital Management fund – a UCITS umbrella housing the firm’s global equity port
Singapore Exchange’s derivative market will from 16 May add rubber futures to its commodities suite with the migration of SICOM rubber contracts onto the SGX trading platform.
The addition of SICOM TSR 20 and SICOM RSS 3 rubber futures will enable more international traders to participate in the contracts, thereby enhancing liquidity. The rubber contracts have a history which dates back to the 1920s and are pricing benchmarks for regional and global rubber producers,
manufacturers, traders and consumers. From 16 May, TSR 20 rubber contracts traded over-the-counter will also be cleared by SGX AsiaClear.
Gan Seow Ann, president of SGX
Mayfair-based Heptagon Capital, a USD3.6billion asset management firm established in 2005 by ex-Morgan Stanley directors Eran Ben-Zour, Tarek Mooro and Fredrik Plyhr, has launched a ne
Cazenove Capital announces that Tim Russell is to step down from his role as head of pan-European equities. After 26 years commitment to the investment industry Tim is taking a career break and will leave the business in July, after a smooth handover over of his responsibilities.
Steve Cordell, a senior member of Cazenove Capital’s pan-European equity team and co-manager of the Cazenove European Equity Absolute Return Fund, is to assume responsibility for the Cazenove UK Absolute Target Fund (UCITS fund) and the UK core offshore hedge funds, following the decision by Tim Russell to step down fin July from
Asian-focused hedge funds posted steady gains in the first quarter of 2011, a volatile quarter for Asian financial markets dominated a continuum of dramatic developments, including economic, financial, environmental, social and secular.
Capital invested in the Asian hedge fund industry increased by over USD4.6bn to approximately USD88.1bn (JPY: 7.15 trillion; RMB: 573 billion) to reach the highest level since peaking in 2Q08, according to Chicago-based HFR, the leading provider of information and analysis of the global hedge fund industry.
Japanese-focused hedge funds lead other Asian regions in 1Q11, with the HFRX Japan Index gaining 0.51 per cent for the quarter;
Alcantara Asset Management is to launch the Alcantara Government Debt Fund offering investors access to government debt investment opportunities in sovereign and quasi-sovereign liquid debt instruments from the world’s most stable economies.
The fund, which is epxected to launch on 1 June, follows an active strategy to trade liquid debt instruments while exercising a very conservative approach employing moderate leverage with the aim of delivering capital protection and conservative returns with minimal volatility.
The fund apples stringent risk management policies combining traditional VaR-based and stress testing quantitative approaches with qualitative assessment.
The Alcantara Government Debt Fund is managed by a
The Securities and Exchange Commission SEC has published on its website a request for public comment on the feasibility, benefits, and costs of two short selling disclosure regimes as a part of a study mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Section 417 of the Dodd-Frank Act directs the SEC’s Division of Risk, Strategy and Financial Innovation to study two short sale disclosure regimes. A transactions reporting regime would add short sale-related marks to the consolidated tape in a voluntary pilot program. A position reporting regime would entail real time reporting of investors’ short positions either
Man Group plc has appointed Emmanuel Roman, Chief Operating Officer, as an executive director and Matthew Lester as a non-executive director with immediate effect.
Roman joined Man as Chief Operating Officer in October 2010 following the completion of the acquisition of GLG Partners. In this group-wide position, he has played a leading role in the integration of GLG and is responsible for product development and operations at the combined business. He joined GLG in 2005 as Co-Chief Executive Officer after eighteen years with Goldman Sachs.
Lester is Chief Finance Officer of the Royal Mail Group. He was Group Finance
By Dermot Butler – It is ironic, but nonetheless a good thing, that many professional and institutional investors, led by the best of the Private Banks in Switzerland, gave an ultimatum, early in 2009, to many US hedge fund managers that they would no longer invest in their self-administered funds, unless they appointed an independent fund administrator, by the end of that year. I think it is fair to say that almost everywhere else in the world the self-administered fund was as rare as it was commonplace in the United States.
I said it was ironic, because this investor pressure
Big changes are afoot at UBS, one of the prime brokers recently selected by Morgan Sze’s Azentus Capital – the eagerly anticipated USD1billio
