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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
Armajaro Asset Management is expanding its successful hedge fund range with the launch of its sixth fund, the Armajaro Natural Resources Fund.
Nick Glinsman has joined Armajaro Asset Management to manage the fund, which will launch on 1 February, 2011 and take a diversified approach across natural resources spanning metals, energy and agriculture. The strategy will focus on macro trends through positions in commodity-related equities rather than through the commodity futures market in order to express its views and themes in a more leveraged and very liquid way.
Prior to joining Armajaro, Glinsman successfully ran his natural resources trading strategy
The Morningstar 1000 Hedge Fund Index rose 4.0% in December, resulting in an increase of 10.4% for the year, according to preliminary results released by the investment research firm.
The currency-hedged Morningstar MSCI Hedge Fund Index experienced a 3.0% December boost and concluded the year up 10.6%. A year-end rally in both stocks and bonds buoyed the indexes, which have each recovered from their October 2007 through February 2009 declines.
"Hedge funds finished strongly in 2010, and most have now fully recuperated from 2008’s hangover," says Nadia Papagiannis, alternative investment strategist for Morningstar.
Distressed securities and corporate event-driven strategies
