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Greenwich, Connecticut-headquartered hedge fund, AQR Capital Management, has joined forces with Bank of America Merrill Lynch to roll out a UCITS III-compliant version of its successfu
Zadig Gestion Luxembourg has launched a long-only UCITS III fund – the Memnon Fund – to be advised by London-based Zadig Asset Management LLP.
Citi today announced that its Securities and Fund Services, part of the Global Transaction Services division, has appointed Atul Dubey as Chief Operating Officer.
Dubey erved most recently as the COO of the Investor Services business within Securities and Fund Services. In this new role, he will also oversee the Electronic Markets business.
Dubey joined Citi in 2005, running the strategy unit for the Institutional Clients Group, and prior to that he spent 10 years at Booz, Allen & Hamilton, providing strategic advice to leading global financial institutions in the wholesale banking, capital markets and securities processing space. He holds
Equinoxe Alternative Investment Services has completed its Type II SAS 70 report, an internationally recognised reporting standard carried out by an independent accounting firm confirming that Equinoxe has been through an in-depth audit of their control objectives and activities.
This was performed by KPMG across all of Equinoxe’s global offices, Bermuda, USA and Ireland for transfer agency and fund accounting.
Equinoxe has developed its technology solution from the best systems currently available in the market and coupled this with a high caliber management team. The combination of institutional capabilities and boutique bespoke service clearly differentiates Equinoxe in the market.
Hedge fund managers are altering their fees, risk adjustment procedures and strategic offerings to attract institutional investors according to the latest Prequin study.
Institutional capital is at an all time high within the sector, and 85% of the 60 hedge fund managers interviewed believe that it will increase even more over the next 18 months.
The study showed that 46% of managers have put more risk management procedures in place as a result of having more institutional investors in their funds, while 42% have reduced the fees charged on funds. In addition, 21% have introduced alternatives to commingled funds to
Forward Management, LLC (Forward) has launched the Forward Commodity Long/Short Strategy Fund (FCOMX), a mutual fund that seeks to profit from both up and down movements of commodity prices.
While commodity mutual funds have been available since 1997, the new fund is only the third pure commodity fund launched to date that uses an unbiased long/short strategy.
"This strategy combines long and short positions to capitalise on price momentum of rising and falling commodity prices," says J Alan Reid, Jr, CEO of Forward Management. "Commodities have tremendous appeal for sophisticated investors, due to their very low correlation with other major
As the vital first stage of SIlverstone Circuit’s redevelopment nears completion – namely the construction of the new multi-million pound, state-of-the-art pit and paddock complex names The Wing – the British racing Drivers’ club (BRDC has released further details of its plan to attract commercial investment to help realise the full potential of Silverstone and its 760-acre estate.
The pit and paddock complex is the forst stage of an ambitious development programme that will transform Silverstone into a world-class, multi-purpose venue for motor sport, high technology development, training and education.
The BRDC has appointed PwC to prepare an information memorandum
Citigroup has hired Antonio Reyes Miras as Global Head of Electronic Execution for listed derivatives, a newly created position that is part of the expansion of the bank’s listed derivatives and third-party clearing businesses.
In his new role, Reyes Miras will have global responsibility for the development and growth of Citi’s client facing electronic execution solutions on listed derivative markets around the world.
Miras previously spent 12 years at JP Morgan, where he was global head of e-trading for the bank’s prime services division.
Miras’s appointment follows that of Jerome Kemp, who joined Citi in January as
Swiss & Global Asset Management is expanding its range of emerging market equity funds with the launch of the Julius Baer Chindonesia Fund. The fund will enable investors to tap into the growth potential of China, India and Indonesia, countries which are becoming the backbone of the Asian economy. 


Chindonesia is home to 40% of the world’s population, around 2.8 billion people, and will add at least 170 million people to its workforce over the next ten years. Asia – especially China – is the manufacturing hub of the world and aspires to be a global leader in technology and
UMB Fund Services, a subsidiary of UMB Financial Corporation (NASDAQ: UMBF), added 35 new fund clients in 2010. This is the largest number of clients the company has added in a single year, and follows on the heels of the previous record year.
The Investment Managers Series Trust, co-sponsored by UMBFS and Mutual Fund Administration Corporation, accounted for 13 of these new clients, while UMBFS’ alternative investments division, JD Clark & Company, gained 15 clients for the year. Seven new clients are serviced by UMBFS’ mutual fund office.
"We are extremely pleased with the number of new clients who have
