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Standard Life Investments has been selected on a sub-advisory basis by UBS Pace Select Advisors Trust to manage a 25 per cent (approximately USD116.5m) component of its UBS Pace Alternative Strategies Investments.
In managing its portion of the fund, Standard Life Investments uses its Global Absolute Return Strategies portfolio.
Standard Life Investments’ Global Absolute Return Strategies portfolio seeks to deliver an absolute return similar to what might be expected from equities in the long-term, but with significantly less risk. GARS currently has over USD8bn of assets under management and over 260 institutional clients.
The fund is offered on a
Aberdeen has appointed Graham Duce and Aidan Kearney as co-heads of multi-manager investments within the group’s alternative investment strategies business.
They will oversee a 40-strong team of investment professionals responsible for Aberdeen’s GBP13.5bn long-only multi-manager and fund of hedge funds portfolios.
The decision to unify the teams and investment processes under Duce and Kearney follows the departure of Michiel Timmerman, chief investment officer – multi-manager investments, who joined Aberdeen earlier this year from RBS Asset Management. This move brings together the long-only and hedge fund of fund businesses from both Credit Suisse and RBS.
Previously Duce and Kearney were co-heads
Hedge fund managers increased their appetite for risk in September following signals that the Federal Reserve will vote to take additional quantitative easing measures when it meets in November, according to hedge fund provider Man.
The move into risky assets such as emerging market equities, FX and commodities led to a positive month’s performance for most hedge funds.
Managers’ moves to increase risk in September were typical of a volatile 2010. After giving back much of July’s gains in August, equity markets rallied again in September as bearish economic indicators gave way to renewed optimism that looser monetary policy
Aberdeen has appointed Graham Duce and Aidan Kearney as co-heads of multi-manager investments within the group’s alternative investment strategies business.
They will oversee a 40-strong team of investment professionals responsible for Aberdeen’s GBP13.5bn long-only multi-manager and fund of hedge funds portfolios.
The decision to unify the teams and investment processes under Duce and Kearney follows the departure of Michiel Timmerman, chief investment officer – multi-manager investments, who joined Aberdeen earlier this year from RBS Asset Management. This move brings together the long-only and hedge fund of fund businesses from both Credit Suisse and RBS.
Previously Duce and Kearney were co-heads
Early estimates indicate the Dow Jones Credit Suisse Hedge Fund Index will post its best year-to-date performance in September, gaining 3.23 per cent for the month.
Nine out of the ten sectors posted positive performance as a result of global market rallies.
The industry is up 5.78 per cent for the year, outperforming global markets as represented by the Dow Jones Global Index, which have posted gains of 2.89 per cent year-to-date.
Equity focused managers experienced positive performance due to global equity market rallies. Long/short equity managers posted their biggest gain since May of 2009, finishing up 4.50 per cent for
The Swiss banking group Syz has launched Syz Fund Research, a fund analysis and long only manager selection service.
Syz has decided to transform the manager selection unit of its Oyster Funds division into a fully-fledged department.
In addition to selecting and monitoring the external managers of its Oyster Funds family, the department will recommend third-party funds to clients of the private bank and to independent asset managers.
Syz Fund Research will also be in charge of identifying new investment themes and emerging talent for the creation of new sub-funds and for conducting strategic monitoring of the market.
Syz
BNY Mellon Alternative Investment Services has named Marina Lewin head of global sales and Steve Farlese head of global service delivery.
Both are new positions within the business. Lewin and Farlese will continue to be based in New York City and report to Brian Ruane, BNY Mellon AIS chief executive officer.
“The alternative asset management business is undergoing enormous change, and Marina and Steve have the knowledge and skills to help us both navigate these waters and maintain our strong growth around the world,” says Ruane. “Each has long been a key contributor to our success serving clients’ varied and
Following a slowdown in trading activity from mid-year 2009 to mid-year 2010, US institutions are hopeful about a recovery in equity derivatives trading volumes in 2011, but hardly bullish.
Based on an analysis of the amount of commissions paid by US institutions to brokers on trades of options, Greenwich Associates estimates average trading volume in options products declined some 20 per cent from June 2009 to June 2010.
The 187 institutions included in the research universe for the 2010 Greenwich Associates US Equity Derivatives Study paid brokers a projected USD715m in execution and clearing commission on options trades over that
Diva Synergy, the event driven investment fund managed by Bernheim Dreyfus, has topped the rankings of hedge fund data providers BarclayHedge and Morningstar for performance to end-September 2010.
Exploiting investment opportunities in the fast growing M&A sector, the Diva Synergy Enhanced Fund led the M&A category for year-to-date performance (Morningstar) and 12 month rolling performance (BarclayHedge).
Specifically, Diva Synergy Enhanced (euro class) and Diva Synergy Enhanced (dollar class) posted year-to-date gains of 27.11 per cent and 26.80 per cent respectively (Morningstar).
According to BarclayHedge, Diva Synergy recorded annualised 12 month rolling compound returns of 16.51 per cent, placing it nearly
Susanne Sorge will be joining RWC Partners at the end of October.
Sorge joins from GLG Partners where she was responsible for business development in Germany, Austria and Switzerland.
RWC Partners has developed a presence in the region over the last four years.
Sorge, who has been with GLG Partners for four years, has experience in the development of both absolute return and Ucits III funds. At RWC Partners, Sorge will report to head of business development Dan Mannix.
Sorge’s appointment follows the recent announcement that Peter Allwright and Stuart Frost will join from Threadneedle in October to
