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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
The merger this spring of Guernsey law firm Collas Day with Jersey’s Crill Canavan, this spring will strengthen the profile of the combined firm throughout the Channel Islands and boost its ability to service clients worldwide, especially from Asia, according to Collas Day senior partner Chris Bound (pictured).
The two firms will combine to create a 15-partner firm, Collas Crill, that will enjoy a high profile in areas including funds, property, litigation and dispute resolution, and employment.
Bound argues that the similar profile of the two firms is an important factor in their compatibility. “The rationale for the merger is
Singapore Exchange (SGX) is enhancing access to listed companies by introducing continuous all-day trading from 9.00am to 5.00pm. SGX trading hours will now overlap more with those of other Asian exchanges, allowing investors who trade pan-Asian securities to respond to regional market movements and news flow.


Subject to regulatory approval, the SGX securities market is expected to begin trading on a continuous basis from 1 March 2011. The SGX derivatives market is already trading continuously.
In Asia, Korea Exchange, India’s National Stock Exchange and ASX have already embraced continuous all-day trading. Other international exchanges such as New York Stock Exchange,
Prime Management has been appointed as administrator to both the CATCo Reinsurance Fund Ltd and the CATCo Reinsurance Opportunities Fund Ltd. Both funds are dedicated vehicles to allow participation by investors in the collateralised reinsurance market.
The Opportunities Fund, which initially raised GBP80 million in capital, is intended to offer investors the opportunity to participate in a diversified and fully collateralised portfolio of catastrophic risk with low correlation to traditional asset classes.
“Prime Management’s experience, capability and responsiveness have made Prime the leading provider of fund administration services to the collateralised reinsurance market and the natural choice for
Agio Technology, a provider of managed IT services for hedge funds, has seen significant growth during its first year of operation and now boasts a 17-strong client base, including US hedge fund ‘giant’ SAC Capital Advisors.
Agio believes its rapid growth has been fuelled by both the pedigree of its management team and the increasing trend in the hedge fund industry to outsource non-core technology functions.
As well as growing its client base significantly since opening its doors on January 15, 2010, Agio has built a work force of over 50 employees, opened satellite offices in New York and Hong
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