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G2 Systems, LLC, a software and consulting firm specialising in investment management, accounting and operations systems for the alternative investment community, has opened a London office.
The company’s expansion into the UK coincides with the completion of its fifth year in business. Founded in December 2005, with offices in Boston, New York and Los Angeles, G2 Systems has grown from an entrepreneurial start-up to an established and respected software and services provider serving the needs of hedge funds, prime brokers and fund administrators.
“We have made significant progress implementing our initiatives for growth over the years,” says George
Eurex Clearing plans to expand its Eurex OTC Clear service to include OTC-traded interest rate and equity derivatives. The new services will be introduced in the context of the upcoming regulatory reforms expected to require mandatory clearing for standardised OTC derivatives in the US and Europe.
Currently, Eurex’s OTC Clear service comprises OTC-traded Eurex look-alike futures and options on equities and interest rates as well as Eurex Credit Clear, a clearing service for OTC credit default swaps. In 2010, Eurex Clearing processed 774 million contracts in OTC-traded products.
“The further expansion of our product coverage is an important part of
Final performance for the Dow Jones Credit Suisse Hedge Fund Index (Broad Index) is confirmed up 1.38% in February.
Oliver Schupp, President of Credit Suisse Index Co., LLC, said: "The Dow Jones Credit Suisse Hedge Fund Index rose 1.38% in February, with eight out of ten sectors posting positive performance for the month. Convertible Arbitrage was the best performing sector for a second month in a row, finishing up 2.90%. Positive performance was also seen in the Event Driven sector, which finished up 1.44%, with all three of its sub-indices posting positive performance."
Performance for the Broad Index and its
The US Commodity Futures Trading Commission (CFTC) has filled a complaint in the US District Court for the Eastern District of Michigan charging defendants Alan James Watson and Cash Flow Financial LLC (CFF), both of Clinton Township, Mich, and Michael S Potts of Mountville, Pa, with fraudulently soliciting and accepting at least USD45 million from more than 600 individuals and entities to participate in a commodity pool to trade commodity futures contracts and securities. None of the defendants has ever been registered with the CFTC.
The CFTC complaint was filed under seal on March 10, 2011. On March 11, 2011,
Halcyon Asset Management has appointed Rollo R Wigan as a Managing Principal in the firm’s UK office with primary responsibility for client relations in Europe, the Middle East, and Australia.
Wigan was most recently Managing Director of Marketing and Client Development at MKP Capital Management, LLC, where he held increasingly senior positions there, having joined the firm in March 2002. Wigan holds a BA from the University of the West of England, Bristol.
"Halcyon’s client base has become more global, and to meet this growing demand we needed a respected industry veteran on the ground in Europe," says Joseph W
Jersey’s links with India and the Gulf Cooperation Council (GCC) nations will be strengthened this month through the official launch of Jersey Finance’s representative offices in Abu Dhabi and Mumbai and the signing of a Tax Information Exchange Agreement (TIEA) with India.
A Jersey delegation consisting of States of Jersey Ministers, the Director-General of the Jersey Financial Services Commission and representatives of Jersey’s finance industry will travel to India for the launch on 15th March of Jersey Finance’s representative office in Mumbai.
The group will then head to Delhi to sign the TIEA with India on Friday 18th March, a
Following the recent oil price spike, investors fear for corporate profitability and global growth, according to the BofA Merrill Lynch Survey of Fund Managers for March.
A net 24 per cent of asset allocators now expect corporate operating margins to fall over the next 12 months. This represents the sharpest month-on-month decline since the survey began asking this question in 2004. As recently as January, a net 10 per cent were expecting margins to expand. A net 32 per cent of fund managers still look for corporates to increase profits in the next year, but this is down significantly
Kaye Scholer LLP advised Shenzen PRC based investment management firm, Munsun Asset Managements Limited, and its founder, Li Xianghong, on the launch of the second of a series of China-focused hedge funds, Essence Munsun China Growth Fund.
The fund’s investment objective is to seek long-term capital growth through a portfolio consisting primarily of securities of companies established or operating in the People’s Republic of China, Hong Kong, Macau or Taiwan (“Greater China Region”) and of Chinese companies listed in the Hong Kong, New York, London, and Singapore stock exchanges. The fund will invest companies that are positioned to benefit from
Global Fund Exchange Ltd, a member of the New York based Global Fund Exchange Group, is to launch the AquaTerra Fund, a new investment vehicle which invests in global opportunities in agriculture, water and natural resources.
The AquaTerra Fund is a carve-out of the existing agriculture, water and natural resources strategies of the asset manager’s flagship portfolio, the Earth Wind & Fire Fund. The fund will be open to new investors on March 22, 2011, a date that coincides with World Water Day 2011 – the day of global action devoted to water, one of the cornerstones of the
TrimTabs Investment Research and BarclayHedge report that the hedge fund industry posted an estimated inflow of USD2.9 billion (0.2% of assets) in January 2011, the sixth straight inflow.
“This inflow is very bullish for the industry because January typically delivers a heavy redemption related to year-end,” said Sol Waksman, founder and President of BarclayHedge. “Additionally, February is historically a strong month for new fund subscriptions, and our preliminary data suggests the industry took in as much as USD10.0 billion last month.”
Hedge fund investors exhibited a weaker appetite for risk in January. All six equity fund strategies redeemed assets, and
