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Man Group, the world’s largest publicly listed hedge fund manager, has decided to start selling its Man AHL Tren
New York-based CTA Systematic Alpha Management, whose Systematic Alpha Futures program was added to Deutsche Bank’s
The use of these enhanced parameter estimates generates a significant improvement for investors in hedge funds, according to a study by Lionel Martellini, scientific director of Edhec-Risk Institute, with Giovanni Zambruno and Asmerilda Hitaj of the University of Milano – Bicocca.
The study, supported by Newedge Prime Brokerage, aims to enhance understanding of the dynamic and non-linear relationship between hedge fund returns and the returns on underlying fundamental systematic factors, and to analyse the implications for managing portfolios that include hedge funds.
Since hedge fund returns are not normally distributed, mean-variance optimisation techniques, which would lead to substantial welfare losses
Singapore Exchange says trading of American depositary receipts quoted on its GlobalQuote board has reached USD60m since the 22 October launch.
Interest in ADRs of companies with primary share listings in Hong Kong accounted for a significant portion of the activity.
GlobalQuote has a market share of up to seven per cent versus activities in the primary listing market.
Sinopec Shanghai ADRs volume totaled USD4.4m, equivalent on average to half of that traded in US markets and four per cent of its ordinary shares traded in Hong Kong. China Eastern Airlines ADRs volume totaled USD4.2m, equivalent on average to 40
Man Group’s funds under management for the six month period to 30 September 2010 totalled USD40.5bn.
This was up five per cent from the 30 June 2010 figure of USD38.5bn and ahead of the 28 September pre-close estimate of USD39.5bn.
Man says the rise is due to strong investment performance and favourable FX movements at the end of the reporting period.
AHL, Man’s quantitative managed futures manager, was up 9.0 per cent in the calendar year to 30 September and AHL’s Ucits funds Diversity and Trend also delivered returns of 6.2 per cent and 8.1 per cent respectively in
Altis Partners, an independent commodity trading adviser, has opened its Hong Kong office, Altis Partners (Asia).
This is the company’s first office outside Europe.
Altis is the first Jersey-based hedge fund manager to open an office in Hong Kong.
“This is excellent news for Jersey,” says Zhaoan Li, head of Greater China business development for Jersey Finance. “Since the establishment of Jersey Finance’s Hong Kong office a year ago, we have been tirelessly promoting Jersey’s finance industry in Hong Kong and China. Altis Partners’ new office demonstrates a growing tie between Hong Kong and Jersey, and strong demand for Jersey’s
Courage Capital Management is expanding its team of investment professionals with a focus on short and long/short equity strategies.
Courage Capital has hired Brad Weeks and James Hughes, both of whom formerly worked at Ergates Capital Management, where Weeks co-founded the firm and launched the Ergon Capital Fund in 2004.
Weeks comes to Courage with a strong background in financial analysis and hedge fund portfolio management. Prior to co-founding Ergates, Weeks was an investment analyst with Glenhill Capital Management. Weeks began his investment career with hedge fund firm Water Street Capital in early 2000.
Hughes also joins Courage from
GFI Group has introduced a new flat price Henry Hub Natural Gas desk.
Based in New York, the desk is led by a team of three brokers, Greg Chaves, Chris McHugh and Eugene Marquardt, who have a combined 50 plus years of experience in the commodities markets.
The new desk will work closely with GFI Group’s electronic trading platform for commodities, EnergyMatch.
Chaves, McHugh and Marquardt had worked previously together at BNP Paribas where they started the unleaded gas futures trading group. Former members of the New York Mercantile Exchange, they brokered energy commodities for BNP Paribas for over ten
Systematic Alpha Management, a New York based commodity trading adviser, has appointed Salomon Josue as its independent marketing representative in Asia.
Josue is the founder and president of Asia Pacific Advisors, an alternative investment consulting and capital introduction firm focusing on the Asia Pacific market.
Prior to forming APA, he spent over nine years conducting capital introduction activities for other firms in the alternative sector.
"We are pleased to welcome Mr. Josue aboard Systematic Alpha," says Systematic Alpha Management chief executive Peter Kambolin. "We believe Salomon’s expertise in working with Asia Pacific investors, deep understanding of his extensive client base,
The Swiss banking group Syz has appointed Marc T. Clapasson as head of business development of its institutional management division, Syz Asset Management.
Clapasson is joining the group after having held similar positions with Millennium Global in Geneva and Prime Capital in Frankfurt.
Syz Asset Management incorporates all the institutional management activities of the group – both traditional and alternative – as well as investment funds.
Before joining Syz, Clapasson was in charge of product and client development in Geneva with Millennium Global, a London-based alternative investment specialist.
Prior to that, between 2005 and 2008 he managed the business
