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China, Hong Kong, Taiwan and Korea (along with Russia) are expected to generate good returns in 2011.
London-based hedge fund, Caliburn Capital Partners, has elected Richard Williams, who works out of the firm’s Singapore office, as equity partner
KPMG has appointed Robert Mirsky (pictured) as Head of Hedge Funds in the UK. Mirsky joins the firm from Laven Partners, a specialist investment management consultancy where he was managing director and oversaw the creation of a UCITS platform. A US-trained lawyer, Mirsky was previously a partner in Ernst & Young’s Hedge Fund Practice.
Mirsky brings a wealth of hedge funds experience to KPMG. He has worked with Big 4 firms in London, New York, Washington DC, Milan, Bangkok and the Cayman Islands. He has considerable experience in the establishment, operation, and structuring of both offshore and onshore hedge funds.
The luxury goods industry is growing, and continues to be profitable, says Scilla Huang Sun (pictured), fund manager, JB Luxury Brands Fund, Swiss & Global Asset Management…
"Asian consumers, in particular the Chinese, provide strong demand for Western luxury brands and are making a significant contribution to the industry’s growth. 


"2010 was a very good year for the luxury industry, with both sales and profits growing at a double-digit pace. The outlook for 2011 also looks very promising. We expect luxury sales to advance by at least 8% to 10%, driven by emerging markets, as well as renewed strength in
The Commodity Futures Trading Commission (CFTC) has obtained a federal court order freezing the assets held by defendants Keith F Simmons of West Jefferson, NC, Bryan Coats of Clayton, NC, Jonathan Davey of Newark, Ohio, and numerous corporate entities controlled by them.
The order also prohibits the destruction of books and records and schedules a hearing on the CFTC’s motion for a preliminary injunction for February 23, 2011. Previously, on January 19, 2011, the court issued a consent order freezing the assets of defendants Deanna Salazar and Life Plus Group, LLC and relief defendant Lawrence Salazar.
The order stems from
Managed futures started the year with a 0.41% loss in January according to the Barclay CTA Index compiled by BarclayHedge.
“The chief drivers of CTA performance in January were an improving economic outlook and geo-political uncertainty in the Middle East,” says Sol Waksman, founder and president of BarclayHedge. “Unfortunately for investors, the impact of these opposing forces had disparate regional effects and created difficult crosscurrents for managers.”
All eight of Barclay’s CTA indices started 2011 in the red. The Barclay Agricultural Traders Index lost 1.02% in January, Currency Traders were down 0.68%, Financial & Metals Traders lost 0.39%, Systematic Traders
Deutsche Boerse AG and NYSE Euronext have entered into a business combination agreement following approval from both companies’ Boards. Under the agreement, the companies will combine to create the world’s premier global exchange group, creating a world leader in derivatives trading and risk management, and the largest venue for capital raising and equities trading.
The combined group will offer clients global scale, product innovation, operational and capital efficiencies, and an enhanced range of technology and market information solutions.
The transaction will strengthen Frankfurt and New York as key financial centres, while benefiting Paris and London as well as Luxembourg.
Adam Hewitson, legal counsel to outsourcing provider Throgmorton, argues that although hedge fund managers benefit from the principle of proportionality under the UK’s newly-revised Remuneration Code for the financial industry, they will still face pressure on management time and resources in ensuring compliance.
The revisions to the UK Remuneration Code that came into effect on January 1 have been well publicised and will not be new ground for most hedge fund managers. The consultation process, both at European and UK level, has offered plenty of scope for debate and conjecture about the impact of the revisions, including the impact on
The Isle of Man is withdrawing the attribution regime for individuals (ARI) from 6 April 2012. The move comes hot on the heels of Jersey’s decision to maintain its zero-ten tax regime but to remove deemed distribution and attribution rules.
In her budget speech on 15 February 2011, Treasury Minister Anne Craine MHK pointed out that the group set up by the European Union to monitor compliance with the Code of Conduct (Code Group) and the EU’s Economic and Financial Affairs Council (ECOFIN) had agreed in 2003 that zero-ten systems were not harmful.
‘The Isle of Man Government considers that
Continued delay in climate change policy action and lack of international coordination could cost institutional investors trillions of dollars over the coming decades, according to research released by Mercer and a group of leading global investors representing around USD2 trillion in assets under management*.
Andrew Kirton (pictured), Chief Investment Officer at Mercer, says: “Climate change brings fundamental implications for investment patterns, risks and rewards. Institutional investors should be factoring long-term considerations, such as climate change, into their strategic planning. Mercer is pleased to have had the opportunity to kick start such strategic discussions with a group of leading global
