Latest News
Channel Islands-based law firm Bedell Cristin is hoping the opening of a new office in Mauritius will open doors to emerging markets in Asia and Africa, following changes in the law of the Indian Ocean island nation that have allowed Bedell to establish the office in partnership with local lawyers.
Mauritius’ tax treaties – notably with India and China – plus its stability as a jurisdiction make it an increasingly important conduit for investment in emerging markets, according to Mark Helyar (pictured), a group partner and head of Bedell’s Guernsey office.
“Mauritius is like an aircraft carrier off the coast
The Blackstone Group (NYSE:BX) has appointed Martin Donnelly s a Managing Director in its Sydney, Australia office. He will head business development and client relations in Australia and the Pacific Rim for Blackstone Alternative Asset Management (BAAM), the world’s largest provider of customised hedge fund solutions for institutional investors.
Donnelly was most recently Deputy Chief Executive Officer at ING Investment Management Australia. He joins Philip Levinson as the second Managing Director in Blackstone’s Sydney office. This office opened in December 2009.
J Tomilson Hill, Blackstone’s Vice Chairman and Head of BAAM, says: “We are delighted to have someone with
Asset management, private equity and hedge fund executives expect growth over the next year to come from smaller Asian economies such as Hong Kong, Singapore and South Korea, according to a study commissioned by RBC Capital Markets, the corporate and investment banking arm of the Royal Bank of Canada, and conducted by the Economist Intelligence Unit.
Asset management, private equity and hedge fund executives expect growth over the next year to come from smaller Asian economies such as Hong Kong, Singapore and South Korea, according to a study commissioned by RBC Capital Markets, the corporate and investment banking arm
The quality of hedge fund managers seeking seeding capital will continue to improve in 2011, which in turn, will improve investors’ potential returns, according to Patric de Gentile-Williams, COO, FRM Capital Advisors (FCA).
Gentile-Williams believes that the higher cost of launching hedge funds today means that a strategic investor is becoming critical for a successful launch. There are signs that investors are increasing their allocations to hedge funds with AUMs, which he sees as good news for seeding vehicles.
"We expect the number and quality of managers seeking seed capital to continue to improve in 2011," he says. "The wave
The international derivatives exchange Eurex is to launch 11 new equity options on leading German companies on 21 February 2011. The options will be on Allianz, BASF, Bayer, Commerzbank, Daimler, Deutsche Bank, Deutsche Telekom, EON, RWE, SAP and Siemens, and will have European exercise styles, unlike the rest of Eurex’s equity options, which follow American exercise styles.
European-style options may be exercised only on the expiry date while American-style options may be exercised at any time before the expiry date. All other contract specifications are consistent with Eurex’s existing equity options products, including eligibility for Eurex’s Block Trade Facility.
International derivatives exchange Eurex will be launching new dividend futures on 24 February based on the dividends of thirteen UK equities: Anglo American, AstraZeneca, Barclays, BHP Billiton, BP, BT Group, Diageo, GlaxoSmithkline, HSBC Holdings, Rio Tinto, Royal Dutch Shell, Tesco and Vodafone.
These new dividend futures expand the existing Eurex range of exchange-listed dividend derivatives, currently comprising five index dividend futures, 66 futures on single stock dividends and one option on the EURO STOXX 50 dividend future. The entire dividend derivative segment has grown year-on-year by 36 percent in terms of average trading volume.
“There is great demand for
HSBC Global Asset Management has launched two new emerging market debt funds: HSBC GIF Global Emerging Markets Corporate Debt, and HSBC GIF Global Emerging Markets Investment Grade Bond.
HSBC GIF Global Emerging Markets Investment Grade Bond invests in emerging markets sovereign and corporate securities that are investment grade at the time of purchase. The fund utilises a benchmark of 50% JP Morgan GBI-Emerging Markets Global Diversified Investment Grade Index and 50% JP Morgan EMBI Global Investment Grade Index.
HSBC GIF Global Emerging Markets Corporate Debt invests in the debt of companies (both investment grade and sub investment grade) located
A study released by Deutsche Bank’s Hedge Fund Capital Group this week has revealed that investors expect north of USD185billion to flow into UCITS III absolute return funds over the n
Having first reported last month that Sabre Fund Management was close to launching its inaugural newcits – the Sabre All Weather Fund – last week saw it officially go live. It’s been a long process, the firm first announcing its plans back last May, but as Sabre’s managing principal Melissa Hill told Hedgeweek, “The launch has taken slightly longer than we expected, but this seems to be fairly standard.” Luxembourg Financial Group’s UCITS platform, Liquid Alpha UCITS Platform (LAUP) is hosting the Lux-domiciled SICAV, which will rank pari passu with Sabre’s flagship USD503million offshore equity market neutral Sabre Style Arbitrage
A Fund Processing Passport (FPP) Portal, set up by the European Funds and Asset Management Association (EFAMA) in June 2010 is beginning to garner support amongst fund managers.
