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The brains behind a computer model designed to run an option replication strategy for the Nordea 1 – Heracles Long/Short MI fund, Nader Purschaker, has left Met
Continuing on from the end of 2010, the stock market started the New Year at a steady pace. In a context of implicit volatility (19.5%) that was slightly on the rise but still below 20%, the S&P 500 index (+2.27%) registered a fifth consecutive month of profits.
The fixed-income market also seemed more reasonably animated, illustrated by a stable Lehman Global Bond Index (-0.03%). With a moderate loss, regular bonds (-0.34%) remained in negative territory for a third consecutive month, whereas convertible bonds (+1.65%) generated a profit that was less spectacular than the previous month’s.
The commodity market (+3.71%) continued
Palmer Square Emerging Manager, LP has provided USD30 million of capital for a seed investment with Cypress Capital Management, a fundamentally-driven, long/short investment firm based in San Francisco, CA, primarily focused on the global consumer/retail and technology, media and telecommunications sectors.
In addition to securing strategic investment capital, the relationship provides Cypress with access to the distribution channels of Atlantic and Montage.
"Cypress has an excellent track record across all phases of the economic cycle," says Christopher D Long, president of Palmer Square. "Our investment in Cypress represents an exciting strategic move for our Emerging Manager Fund and our limited
In a new publication entitled “Making the most of UCITS IV – A flexible approach by Management Company profile”, asset servicing provider, CACEIS, sets out the business development and restructuring opportunities for management companies under the forthcoming UCITS IV regime as of 1 July 2011.
The guide separates management companies according to their profile, from new UCITS market entrants to experienced promoters. For each profile, our experts analyse possible strategies for the management company relating to opportunities created under UCITS IV, establishing solutions to reach business objectives. The guide also examines issues such as cross-border distribution, and restructuring of
As reported last week, event-driven hedge funds in Asia attracted some USD765million in 2010 making them the region’s most popular strategy.