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Nezu Asia, a hedge fund with offices in Hong Kong, Singapore and a research office in Japan, which first opened its doors back in 2000, has had a good start to the New Year.
Singapore-based Artradis Fund Management, co-founded in 2001 by Stephen Diggle and Richard Magides, is to shut down and return investors’ mo
TriOptima, the award-winning provider of post-trade risk management and OTC derivatives infrastructure services, has announced this week several organizational changes.
Singapore-based Monterey Capital Management Pte way exceeded the equity l/s returns generated by Asia ex-Japan hedgies last year.
BNY Mellon Alternative Investment Services (AIS) has named Alan Flanagan as head of global product management. He will continue to be based in Dublin and reports to Brian Ruane, BNY Mellon AIS chief executive officer.
"The alternatives industry will see continued progress in 2011 and will look to trusted providers like BNY Mellon to service the array of complex new funds, structures and strategies being introduced," says Ruane. "In his new role, Alan will only sharpen our ability to deliver timely, innovative products – such as our asset validation-price verification service – that help fund managers satisfy today’s investor audience.
Asset Control has opened an office in Zurich, Switzerland and hired a new senior sales executive for Europe, Patrick Odoni. The financial data management solutions provider is also expanding its professional services and sales staff in Zurich to meet growing customer demand in the region.
After completing his master’s degree in finance at the University of St. Gallen in 1998, Odoni was a consultant at SunGard in Zurich and New York focusing on large-scale trading and risk management projects. He then returned to Switzerland to become managing partner at talkfinance, which specialised in risk and return measurement services for asset
Total fee-earning assets for the Gottex group increased to USD 8.3 billion in Q4 2010, up from USD7.8 billion at 30 September 2010, according to the company’s pre-close trading statement for the year ended 31 December 2010.
In addition, assets under management at Gottex Solution Services (GSS) grew 56 per cent to USD1.58bn.
“I am very pleased to say that our assets have returned to levels above USD8 billion, and more importantly performance in our market neutral, multi asset strategies and equity portable alpha strategies has continued to be very good during the fourth quarter. A strong, risk adjusted performance
Forward Management has launched the Forward Tactical Enhanced Fund (FTEEX), a mutual fund that seeks to profit from both up and down market movements through continuous management of market exposure.
“We are excited to be launching this new strategy enabling us to build on the success of the Forward Tactical Growth Fund we introduced sixteen months ago,” says J Alan Reid, Jr, CEO of Forward Management.
The original Forward Tactical Growth strategy was designed for investors seeking capital preservation, and gained more than USD850 million in assets between its launch in mid-September 2009 and the end of 2010.
The new
The Alpari group of companies has launched QuantumFX, an anonymous forex trading platform aimed at institutional investors.
QuantumFX will provide corporations, hedge funds, banks and high frequency trading institutions with access to a diverse and deep liquidity pool and features anonymous trading via a central clearing counter-party model with multiple execution mechanisms: Executable Streaming Prices (ESP); Request for Quote (RFQ)/Request for Stream (RFS) for spot, forwards and swaps. It also supports multiple order types and execution algorithms that help minimise market impact.
Daniel Skowronski, Chief Executive Officer of Alpari (US), says: “QuantumFX is an optimal liquidity solution, providing access
The US Commodity Futures Trading Commission (CFTC) has obtained more than USD4 million in restitution and civil monetary penalties in a federal judgment order against defendants Beau Diamond and his company, Diamond Ventures LLC (DVL), both of Sarasota, Florida.
US District Court Judge Elizabeth A Kovachevich entered the order requiring the defendants to pay USD1,071,035 in restitution to defrauded investors and a civil penalty of USD3,213,105 for operating a foreign currency (forex) scam from April 2006 to September 2009.
The order stems from a CFTC complaint filed on September 3, 2009, charging the defendants with misappropriation and fraud in operating
