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Alternative asset management firm Equinox Fund Management has appointed David P DeMuth, to the Executive Committee of The Frontier Fund, its public managed futures fund.
The Frontier Fund is a family of funds available to retail investors, which carries a low minimum investment requirement (USD1,000 in most states) and features daily liquidity.
DeMuth replaces Ajay Dravid, PhD, who served on the Executive Committee from March 2009 through December 2010 and was recently named Director of Risk Management at Solon Capital, LLC, an affiliate of Equinox.
DeMuth has many years of experience as a senior finance and operations professional. He
The FrontPoint-SJC Direct Lending Fund (FSJC) has held its final close with total commitments of more than USD1 billion.
The fund’s strategy focuses on providing privately negotiated senior secured loans to US middle market companies that generate annual revenue of USD75-USD500 million and annual EBITDA of USD7.5-USD50 million. To date, the Fund has invested approximately USD165 million.
"US middle-market businesses have been left with relatively few financing sources as numerous middle market direct lenders have either exited the direct lending business or are gravitating towards larger borrowers for both strategic and regulatory reasons," says Steve Czech (pictured), FSJC Founder and
Guernsey law firm Collas Day has seen in the New Year with three senior appointments across the firm.
Paul Wilkes, a former Senior Associate within the Commercial department who joined the firm in 2007 from another law firm in Guernsey, having previously worked at Mallesons Stephen Jacques in Australia, has been appointed as a Group Partner from the start of January. The focus of his practice is investment funds and banking. He regularly speaks on company law and regulatory matters locally and in London.
In the Property Department, Advocate Paul Nettleship, who has been with Collas Day since 2002 after
Paris-based M&A investment manager, Bernheim, Dreyfus, has reported continuing strong performance for its flagship Diva Synergy Enhanced Fund through 2010. In the 12 month period, the Fund’s dollar class gained 27.35% net and the euro class 27.91%.
Diva Synergy’s strong performance reflects, to some extent, a growth in mergers and acquisitions globally. According to Bernheim, Dreyfus’s January research letter: “The value of worldwide M&A totalled USD2.4 trillion during the full year 2010, a 23% increase from comparable 2009 levels and the strongest full year period for M&A since 2008".
Looking forward, the letter anticipates “deal activity will remain solid, focused
The first six months of 2010 were tough for Asian hedge funds.
It’s fair to say that 2010 wasn’t a stellar year for global hedge funds.
Hong Kong-based PMA Investment Advisors, a member of the SPARX Group and one of Asia’s leading hedge fund managers, is to join forces with SPARX and Cosmo (another member of
Quantedge Capital, established in 2006 by Leow Kah Shin and Chua Choong Tze, came out on top of the global macro charts for 2010 according to Bloo
Robert Klap has joined Platinum Equity as a principal based in London, where he will assist the firm’s investor relations, capital raising and deal origination programs.
Most recently, Klap was an executive at UBS in London, responsible for managing private equity fund investments in the bank’s wealth management group. Previously, he was a private equity portfolio manager at Shell Asset Management Company and a fund manager at Mn Services, each of which are institutional investors in Platinum’s private equity funds.
"I am delighted that Robert is joining Platinum Equity," says Tom Gores (pictured), chairman and CEO of the firm. "We
SEI has extended its array of middle-office services by enhancing its asset pricing and valuation validation solution for investment managers.
The solution, which leverages the independent valuation and pricing models of industry-leading third-party pricing providers, is designed to provide managers with more accurate and independent pricing verification. It is the latest in a series of developments by SEI to help managers address the challenges they are facing in valuing their investments due to rapid changes in liquidity and volatility in global securities markets, while meeting the growing investor demands for conflict-free transparency in a climate of increasing global regulatory and
