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Liquidnet, the equities institutional marketplace, reported record volumes in the trading of Asian securities in January 2011, reflecting the company’s growing leadership role in serving institutional equity demand in Asia.
Liquidnet’s award-winning trading platform broke a monthly record for principal traded in Asia Pacific, with USD1.58 billion traded across eight markets in the region during January 2011. This is on the heels of the record volume achieved in 2010. This momentum is driven by an increase in institutional demand to trade equities in this region in size – safely and efficiently.
The milestones come amid the backdrop of strong economic
The US Commodity Futures Trading Commission (CFTC) has filed an anti-fraud enforcement action charging Hasaan R Steel of Brooklyn, NY, with fraudulently soliciting more than USD1 million from 28 participants to invest in a commodity pool to trade commodity futures and securities.
Steel, a self-described day trader of futures and stocks, has never been registered with the CFTC in any capacity, according to the CFTC’s civil complaint, filed under seal on February 7, 2011, in the US District Court for the Eastern District of New York. On the same day, the Honourable Nicholas G Garaufis signed an order freezing Steel’s
Throgmorton, one of the UK’s largest specialist accountancy and professional services providers to the hedge fund, private equity and corporate finance industries, has hired Sara Selvarajah to bolster its tax team.
Selvarajah will assist and service Throgmorton’s increasing client base with her knowledge across all aspects of tax. The firm hopes to capitalise on the shrinking banking sector and the growing number of proprietary trading desks spinning out to set up fund management companies. Selvarajah’s significant experience and contacts within the banking sector will help achieve this.
Formally a senior member of the tax team at Salomon Brothers and
Asia’s heavyweight hedge funds have begun in earnest to soft close for fear of becoming too cumbersome, thus impacting on performance.
Asian hedge funds finished the year strongly, attracting USD500million in new capital for Q4 as global investors looked to strategies for protection against the region’s ever-growing inflatio
New York-based Revere Capital Advisors LLC, a hedge fund seeding firm who last year opened an office in Singapore, is planning to raise assets to start investing in Asian hedgies reported Bl
Provisional performance figures for January show that Japanese hedgies led the way for the region, gaining 1.31 per cent (at the time of writing) according to Singapore-based industry tracke
After deciding to shutter Singapore-based equity l/s hedge fund, Amoeba Capital Partners last October, ex-Morgan Stanley managing director Ashutosh Sinha
Fund industry executives Glenn Henderson and Tim Calveley have partnered with BV Investment Partners, a leading middle market private equity firm, in an agreement to acquire fund administrator Butterfield Fulcrum.
The Butterfield Fulcrum investment follows their 2009 acquisition of FORS Limited, an independent provider of family office and wealth management reporting and administrative services. Butterfield Fulcrum and FORS will be brought together into one parent company, headquartered in Bermuda. They will operate as separate businesses and continue to be run by their current management teams.
The transaction is expected to close in Q1 2011, subject to regulatory and governmental approvals.
The Salus Alpha Directional Markets had a performance of +0.25% for the month to date. The 12 month rolling alpha of Salus Alpha Directional Markets to the S&P500 is 8% pa, while the 12 month rolling beta is currently 0.1.
This implies that in the past 12 months, the Salus Alpha Directional Markets had a return of approximately 8% due to active management (alpha), and 0.08% return due to the positive market beta. The performance of Salus Alpha Directional Markets was 1.27% better than the performance of HFRX Systematic Diversified Index.
The Salus Alpha Event Driven had a performance of
