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For Soo Nam Ng, the Singapore-based portfolio manager for Nikko Asset Management’s Asia Pacific ex-Japan Fund, being overweight on China last year caused ove
Following the decision to shutter its RAB-Pi Asia Fund last October, which saw five people leave the investment team, RAB Capital allowed another four members to l
Asia’s biggest hedge fund, Value Partners, has been voted third best overall fund management firm in the Thomson Reuters 2010 Extel Asia Pacific Survey, publ
Investment performance was the major source of asset growth for Man Group in the last quarter, with AHL, GLG and the Man Multi-Manager all making positive contributions.
AHL Diversified plc was up 5.3% in the three months to 31 December 2010, to give a calendar year return of 14.8%. AHL was 3.7% below peak on a weighted average basis at 31 December, with 75% of FUM at or within 5% of peak. Metals and commodity-based currencies were the most profitable positions in the quarter.
Performance across the range of GLG alternative styles was strong, with GLG Alpha Select, GLG Market
The DB Hedge Fund Index was up 2.33% in December, according to the latest data released by Deutsche Bank.
Strategies contributing positively to performance over the month were the dbX-THF Equity Hedge, dbX-THF Event Driven, dbX-THF Systematic Macro, dbX-THF Global Macro and the dbX-THF Credit & Convertible indices. The worst performing strategy for the month was dbX-THF Equity Market Neutral Index.
The DB Hedge Fund Index ETF is a UCITS III compliant ETF and the dbx-THF Strategy Indices are UCITS III compliant funds. All products and indices are based on Deutsche Bank’s award winning X-markets Hedge Fund platform."
ConvergEx Group’s Prime services business NorthPoint Trading Partners has grown at a record since its acquisition by ConvergEx a year ago.
During a time when there was a great deal of consolidation in the prime services space, NorthPoint’s revenues were up over 50% and its clients’ AUM grew by nearly 25%, year over year.
“These results are a testament to the powerful combination that was formed when ConvergEx and NorthPoint teamed up," says said Douglas Nelson, chief executive officer of NorthPoint Trading Partners. "Very shortly after the acquisition, we were able to give our clients access to ConvergEx’s broad
The hedge fund industry concluded 2010 with the largest quarterly increase in assets in the history, according to data released today by Hedge Fund Research (HFR).
Total industry assets grew to USD1.917 trillion, reflecting a quarterly increase of nearly USD149 billion, topping the previous record increase of USD140 billion in 2Q07.
The year-end figure approaches the historical asset level peak of USD1.93 trillion set in 2Q08 and represents an asset increase of 44% since 1Q09. Hedge funds as represented by the broad-based HFRI Fund Weighted Composite Index posted a gain of 10.5 per cent, but full-year gains were concentrated
Credit hedge fund manager Daniel Posner is jointing Golub Capital, a USD4.5 billion credit asset management firm with a long history in middle-market direct lending, to develop and lead new credit strategies later this year.
Posner will oversee a new line of business for Golub Capital that will invest in long/short credit opportunities. A focus will be on opportunistic and distressed credit assets with particular emphasis on event-driven investment opportunities in the US and Europe. Posner will be President and Chief Investment Officer of the new line of business, which will be based in New York and operate under its own
BNP Paribas Securities Services has become the first custodian to offer funds of hedge funds an integrated liquidity management solution. Fund managers now have a committed financing and FX hedging service which is fully integrated with their asset servicing needs across the entire trade lifecycle.
The comprehensive solution is delivered through a new integrated platform that helps mitigate the complexities of liquidity forecasting and supports the fund manager by streamlining the creation, administration, and evaluation of investment performance.
Key features of the offer include: completely scalable committed financing and FX solution that brings together dedicated structuring, hedge fund research and
Australian or Canadian dollars will have a higher return this year than the US dollar when compared to the euro, yen, or sterling, according to a new prediction survey of leading alternative investment professionals.
The 2011 prediction survey was conducted by the Chartered Alternative Investment Analyst (CAIA) Association, the sponsoring body of the only globally recognissed designation for alternative investment expertise. Professionals with the CAIA designation were surveyed to determine consensus predictions for the 2011 outlook for returns on a variety of traditional and alternative investment products. More than 500 CAIA members responded, with half of the responses coming from
