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Cornerstone Acquisition & Management, a sub-adviser to Centaur Performance Group, has acquired a portfolio of royalty interests in producing oil and gas properties located in Southern Oklahoma, operated by Houston-based Citation Oil and Gas.
“This transaction is indicative of the type of private assets we like to target and acquire for our investors,” says Derren Geiger, portfolio manager of the Caritas Funds and chief operating officer of Cornerstone.
Cornerstone currently manages in excess of USD100m of oil and natural gas royalty interests diversified across 21 states and several hundred counties.
“We target properties located 100 per cent onshore
Six out of seven of IndexIQ’s hedge fund replication and alternative beta indices posted a positive performance in October.
The best performing index was the IQ Hedge Long/Short Beta Index, which rose by 1.92 per cent in October and is up 5.97 per cent year-to-date.
The IQ Hedge Event-Driven Beta Index was up 1.28 per cent in October, the IQ Hedge Market Neutral Beta Index rose 0.56 per cent, the IQ Hedge Emerging Markets Beta Index rose 1.33 per cent, the IQ Hedge Fixed Income Arbitrage Beta Index gained 0.56 per cent and the IQ Hedge Composite Beta Index added
Dorchester Capital Advisors, a California based SEC registered investment advisory firm, has hired Kyle McDaniel and Jay Van Ert as partners serving as chief strategy and administrative officer and as partner over portfolio construction, respectively.
They will complement the existing team in hedge fund research, portfolio construction and risk management and will be appointed to the firm’s management committee where they will help manage the firm and implement long term strategic initiatives.
McDaniel most recently served as chief risk officer and manager in strategic research and risk management for Teacher Retirement System of Texas, one of the largest pension plan
Despite the challenges faced by hedge funds in recent years, 50 per cent of households with a net worth of USD25m or more, not including primary residence, own hedge funds in 2010.
This is according to "The USD25m Plus Investor," a new report released by Spectrem Group.
This represents a 43 per cent increase in hedge fund ownership from 2007, when just 35 per cent of the wealthiest households invested in this alternative asset class. The mean hedge fund holding for this group is USD4.6m in 2010.
"While hedge funds have gotten something of a black eye in recent years,
Blackthorn Investment Group has received the 2010 Lipper Award of Excellence for the best equity market hedge fund in North America and the 2010 Lipper Award of Excellence for the best equity market hedge fund in the offshore division.
This is the second consecutive year that Blackthorn has won in the North American division.
The Lipper Fund Awards highlight individual funds and fund families that have delivered consistently strong performance relative to peers. Both of the awards won by Blackthorn, which included every category for which Blackthorn was eligible, are for consistent performance over three years.
“We believe these awards
Societe Generale Securities Services is launching a services offering, aimed at asset managers, which will take charge of the regulatory measures involved in replacing the Simplified Prospectus for Ucits by the Key Investor Information document.
This offering allows SGSS’ clients to meet the new regulatory requirements by delegating responsibility to SGSS, not only for the main regulatory changes and administrative requirements, but also for the calculation of the various indicators required by the KII, such as the risk/return indicator.
Asset managers will be able to focus on preparing information about the objectives and investment policies of their funds, which is
Equinoxe Alternative Investment Services has merged with MadisonGrey to create a hedge fund administrator with combined assets under administration of over USD7bn.
This increased size will enable servicing of funds onshore in the US through the Atlanta office, as well as offshore in Bermuda, Cayman, Mauritius, and in Europe through Ireland.
The new US entity, to be known as Equinoxe Alternative Investment Services (USA), will increase to 50 the number of employees across the five Equinoxe offices servicing 150 funds.
Stephen Castree, chief executive of Equinoxe, says: “We are thrilled to be able to create a global force through this
The role of shareholders in the governance of risk is currently a major issue for institutional investors. Shareholders have been criticised for failing to challenge the high risk business strategies of many banks and other financial institutions prior to the financial crisis, says Miles Templeman (pictured), Director General of the Institute of Directors.
Indeed there is a good deal of anecdotal evidence which suggests that, in certain cases, investors actually encouraged banks to take on additional risk in the name of “balance sheet efficiency”. This has caste doubt on the ability of shareholders to act as effective governance safeguards within
Deutsche Börse has acquired a minority stake in ID’s SAS (Investors Derivatives solutions), a Paris based company specialised in providing online technology solutions to the financial markets’ buy- and sell-side firms.
Deutsche Börse is extending its positioning in the provision of pre-trade price transparency in the cash equity and derivatives area for institutional investors.
An investment agreement was signed last week, whereby Deutsche Börse will pay a euro amount in the single digit million range.
ID’s has developed RFQ-hub which provides software for multi-dealer, bilateral request for quotes (RFQ) originated by buy-side asset managers for cash equity and derivatives.
Edhec, in partnership with Ville de Nice, Nice Côte d’Azur, EPA de la Plaine du Var, Team Côte d’Azur and CCI Nice Côte d’Azur, has decided to launch an international conference to promote green investing.
By organising the Nice Côte d’Azur International Sustainable Development Financing Conference, Edhec and its partners are seeking to present the latest research on investment criteria in sustainable development and on new findings and innovative projects in the field of green business.
The morning will be broken down into plenary sessions presenting research on the financial assessment of sustainable development investment. These sessions will be followed
