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Geneva-headquartered GAM, one of the world’s leading FoHF firms, has launched a UCITS III version of its Trading fund – the GAM Star Trading Fund.
Aberdeen Asset Management (Aberdeen) has appointed Andrew McCaffery (pictured) as Head of Institutional Hedge Funds.
Aberdeen’s award-winning fund of hedge funds business has over GBP4 billion of assets under management. McCaffery will form part of the senior management team (alongside Graham Duce and Aidan Kearney) for the entire hedge fund and long only multi manager business. He will report to Anne Richards, Chief Investment Officer and Head of Alternative Investment Strategies.
McCaffery previously worked at BlueCrest, where he was a founder member of Alignment Investors, a separately branded division of BlueCrest. He joined BlueCrest in 2008 following two years
The recent Swiss Funds & Asset Management Forum hosted by the Swiss Funds Association (SFA) addressed the impact of the various regulatory efforts in Switzerland and abroad as well as the outlook for the Swiss fund and asset management sector and found that there are a range of opportunities open to the country’s finance sector.
“Volumes in the fund business are almost back to the levels set before the financial crisis, and Switzerland is also well positioned with regard to asset management. Nevertheless, the focus must be on consistently implementing the “white money strategy” newly defined just over a year
The final version of the guidance on anti-bribery policies and procedures was issued by the Government (pursuant to section 9 of the Bribery Act) today (Wednesday, 30 March). The Act will come into force on 1st July 2011.
Commenting on the implications for financial services companies, Sian Herbert, partner, PwC, says: "The acceptance of the need for a proportionate and risk-based approach is good news for financial services companies as it recognises their global reach and the complex interactions they face. This is in line with the approach currently promoted by the Financial Services Authority and means that companies
Hedge funds focused on India are failing to live up to expectations.
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