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London-based hedge fund advisor Audley Capital Advisors was established in 2005 by activist investor Julian Treger and private equity investor Michael Treichl. Launched that year, the Audley European Opportunities Fund generates alpha by making opportunistic investments in distressed situations, creating value through financial and/or operational restructurings.
Because Audley orchestrates its own exit strategies, it considers itself to be more an “event-driver” than an event-driven manager. The firm currently advises on some USD900m in assets under management within Audley’s own funds and affiliated funds. Audley is regulated by the FSA, while the fund is regulated by the Guernsey Financial Services Commission.
Preqin research shows that the number of public pension systems investing in hedge funds has increased significantly over the past four years. There are now 295 public pension plans worldwide known to be allocating to hedge funds, up from 196 in 2007. The mean allocation to the asset class has also grown in the same period from 3.6% to 6.6%; it is now one percentage point higher than the average private equity allocation of these investors.
Pension systems generally invest in hedge funds for capital preservation and portfolio diversification purposes. They seek absolute returns of 6.1%, lower than the average
Alcentra focuses its investment strategies on sub-investment grade debt capital markets of Europe and North America.
Alceda Fund Management is an independent service provider 100 per cent owned by Aquila Group based in Hamburg, Germany. Launched in 2007, Luxembourg-based Alceda has been one of the fastest growing structuring specialists in Europe, with current assets under administration of over USD4.5bn. It is one of Europe’s leading independent structuring specialists dedicated to providing institutional investors, fund managers, banks and family offices with tailored investment solutions.
The Alceda UCITS Platform (AUP), which was designed in-house, provides its clients with the freedom to choose their own service providers from prime brokers to custodians and swap partners. This gives fund managers
Agecroft Partners specialises in consulting and third-party marketing for hedge funds. Its objective is to raise assets globally for institutional quality hedge fund managers by utilising a consultative approach within the institutional investor community.
The firm was founded by Don Steinbrugge (pictured), who has 26 years of experience in the institutional investment management industry. The five senior professionals at the firm pride themselves on having strong investment and industry knowledge, giving them significant credibility with large institutional investors. The partners average over 16 years of industry experience, and four of the five partners have previously worked for multi-billion-dollar alternative investment
By Simon Gray – The second edition of the Hedgeweek Awards for excellence among hedge fund managers and service providers comes at a time when the outlook is starting to look brighter for the hedge fund industry following the difficulties of the past few years. Performance in 2010 was in most cases unspectacular but solid, delivering on the industry’s promise to provide consistent returns and protect capital whatever the state of traditional asset markets, and it appears that this pattern is continuing into the early months of 2011.
The results of this year’s Hedgeweek Awards are conditioned by the increased
The Hedgeweek Awards for excellence among hedge fund managers and service providers have recognised the increased focus on transparency, consistency and depth of expertise in the new investment climate.
The awards, presented on 3 March by actress Cherie Lunghi at a lunch in Mayfair, were decided by the votes of Hedgeweek’s nearly 41,000 subscribers, who include individual and institutional investors as well as managers and other industry professionals at firms including fund administrators, prime brokers, custodians and advisers.
The 2011 Hedgeweek Awards reflect the industry’s recovery form its difficulties in 2008 and early 2009 as stability in performance has
Baronsmead Partners LLP (Baronsmead), a specialist fund insurance broker and risk consultant, has launched the UCITS Fund Directors’ and Officers’ Liability Insurance Cover, the first policy of its kind that is specifically targeted at the exposures of the UCITS fund industry.
Under the terms of the UCITS Directive, Directors of the fund management company are responsible for supporting all the activities of the fund. The UCITS Fund Directors’ and Officers’ Liability Insurance Cover protects directors against any actual or alleged breach of the eight key managerial functions: decision-making, monitoring: compliance; risk management; investment performance; capital; internal audit, financial control or
Carey Olsen has advised Close Brothers Group plc on the sale of its trust, fund administration, asset management and banking businesses in Jersey and Guernsey to Kleinwort Benson for GBP29.1 million.
The deal between two of the largest administration groups in the Channel Islands is the largest sale across the islands in recent years. The sale, subject to regulatory approval, is expected to be completed towards the end of July.
A Channel Islands cross-practice team of 16 from Carey Olsen advised on the legal and regulatory aspects of the transaction. The transaction was led by corporate partners Graham Hall
Palmer Square Capital Management has appointed Angie Knighton Long, CFA, as the firm’s chief investment officer. A member of the advisor’s Investment Committee, Long has key responsibilities for all investment-related activities, with a particular focus on portfolio and risk management. She joined the firm in February 2011.
“During her 13 years in New York, Knighton Long made some significant contributions to the investment community,” says Christopher D Long, president of Palmer Square. “Her insights, investment perspective, and deep relationships across the senior levels of Wall Street will be essential in our continued pursuit of alternative investments that give our
