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French giant asset management firm, Amundi, has announced the launch of a new UCITS fund to be managed by Amundi Alter
Finnish fund manager, Estland & Partners, has this week announced the launch of its first UCITS III-compliant fund – the Estland & Partners Freedom Fund UI.
Tom Sandell, the New York hedge fund manager whose firm, Sandell Asset Management, has been actively trading in the merger arbitrage space for the last 12 years, spoke this week to Ci
Paridon Asia, a Singapore-based Asian macro hedge fund, has selected LaCrosse Global Fund Services to provide hedge fund administration, middle office and operations support via its LaCrosseSTP service.
Paridon Asia, a Singapore-based Asian macro hedge fund, has selected LaCrosse Global Fund Services to provide hedge fund administration, middle office and operations support via its LaCrosseSTP service.
The service is designed specifically for managers of highly liquid strategies including equity long/short, global macro, event driven and futures.
The hedge fund is led by chief executive officer Robert van Paridon, the former head of ABN Amro Group investment bank in the US.
The US Department of Labor has sued Beacon Associates Management, Andover Associates Management, Ivy Asset Management, J.P. Jeanneret Associates and the principals of the four companies for causing dozens of pension, health and other employee benefit plan clients to lose hundreds of millions of dollars through investments with Bernard L. Madoff and his firm.
The US Department of Labor has sued Beacon Associates Management, Andover Associates Management, Ivy Asset Management, J.P. Jeanneret Associates and the principals of the four companies for causing dozens of pension, health and other employee benefit plan clients to lose hundreds of millions of dollars through
September closed out a profitable quarter for hedge funds, with the Morningstar 1000 Hedge Fund Index rising 5.2 per cent in September and 7.6 per cent over the third quarter.
September closed out a profitable quarter for hedge funds, with the Morningstar 1000 Hedge Fund Index rising 5.2 per cent in September and 7.6 per cent over the third quarter.
The currency-hedged Morningstar MSCI Composite Index climbed 2.8 per cent for the month and 4.3 per cent for quarter.
"Hedge funds ended the third quarter with a bang," says Nadia Papagiannis, alternative investment strategist for Morningstar. "All strategies profited, as
A brisk month of trading on the secondary market saw investors move funds in all available asset classes, according to Hedgebay’s Global Hedge Fund Secondary Market Index, with private equity and credit strategies particularly popular.
The diversification of trading in September, combined with the high volume of trades, indicates that investors have returned to the secondary market in earnest after reduced volume over the summer months.
The heavy trading saw the index rise five per cent to 78.93 per cent, a rise of over 450 basis points from August.
The rise was partially driven by return of near-par trading, trading
Zedd Capital has launched to provide absolute return investment management services for retail investors and professional clients.
The first offering is a managed account for retail and institutional investors, using a hedge fund style strategy of long-short investing in European equities, starting on 1 November.
Laven Partners, the consulting firm, and Laven Legal Service, the boutique law firm focused on the alternative investment industry, advised Zedd Capital in its set up and obtaining FSA authorisation for its business.
The founder and chief executive of London-based Zedd Capital is David Staton. He previously managed long-short investment portfolios with Merrill Lynch, Citigroup’s
Switzerland’s largest bank, UBS, has been one of the most active prime brokerages in Asia Pacific, with new hires across the board from capital sales through to I.T. and legal.
Japan looks set to exceed the 2006 high watermark in terms of startup numbers this year, with 27 expected to be launched by year-end. 2006 recorded 25 startups. To date, 15 funds have already launched this year with notable examples being ex-Goldman Sachs prop trader, Tan Maruyama’s R Squared Master Fund and the Orix Commodities Fund, a CTA strategy focusing on commodity futures rolled out by GCI Asset Management and Orix Investment Corp. Of note is the fact that strategies in Japan are starting to diversify. Historically, its alternatives industry has been dominated by equity l/s strategies (over half) due
