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Singapore-based hedge fund, Canning Park Capital, is launching a fund to target equities in large-cap companies across As
Apollo Management L.P., Leon Black’s (pictured) global private equity firm, is believed to be considering the launch of a new Asia credit fund.
Newedge, the Paris-based brokerage formed through a joint venture between SocGen and Credit Agricole CIB, has revealed it
Alter Domus has opened two offices in Belgium and Malta.
Dominique Robyns, chief executive of Alter Domus, says: “As a preferred provider of outsourced administration services adapted to institutionals and alternative investment funds as well as to corporate and private clients, our focus at Alter Domus is always on delivering solutions that meet the needs of our clients, wherever they may be. Opening an office in Belgium was something our clients requested, and having an office in Brussels now completes our Benelux representation.”
In Brussels, the team is headed by Catherine Baudhuin and is focusing on real estate property companies
Ignis Asset Management has appointed Mark Lovett as chief investment officer – equities.
Lovett will join Ignis on 4 October and will be responsible for overseeing more than GBP10bn of institutional and retail equity assets across Ignis’ proprietary fund range.
Most recently Lovett was chief investment officer UK and European equities in London for Allianz RCM. He was also chairman of the Allianz RCM asset allocation committee in London and a board member of the London executive committee. Lovett was also a member of Allianz RCM’s seven-strong European management group responsible for the management of all aspects of the investment
The Blackstone Group and Patria, a Brazilian alternative asset manager, have formed a partnership in which Blackstone would purchase a 40 per cent stake in Patria and the two firms would agree to cooperate in building their businesses in Brazil and throughout South America.
Stephen A. Schwarzman, chairman and chief executive of Blackstone, says: “We have known and respected Patria, whose business parallels ours in so many respects, for over ten years. Brazil is the largest economy in Latin America and growing rapidly. Partnering with Patria will enable Blackstone’s limited partners and advisory clients to benefit from the fast expanding
Apex Fund Services is expanding its North American fund administration services and client base with the opening of its Canada office in Toronto.
Apex Fund Services (Canada) will be managed and run by Alex Chapman. He was formerly vice president and part-owner of Commonwealth Fund Services, the successor to Mintz Fund Services that he created and managed.
Prior to this Chapman worked in Monaco managing a small offshore fund administration company. Chapman was involved in advising both the DIFC and the Monaco government on their collective investment laws.
Apex Fund Services now has offices in 15 countries.
Peter Hughes (pictured),
Fund manager Threadneedle has launched the Threadneedle (Lux) Absolute Emerging Market Macro Fund.
The fund is for investors who want to tap into opportunities in emerging market debt and currencies, whilst benefiting from the increased flexibility of a Ucits III structure.
The lead manager on the fund will be Richard House, head of emerging market debt at Threadneedle. House has 15 years’ experience in emerging markets investment and three years’ hedge fund experience.
The fund will aim to achieve a positive absolute return of 7.5 to 12.5 per cent on an annualised basis on a long term investment horizon and
The traditional summer slowdown in August failed to materialise on the secondary hedge fund market, as Hedgebay registered its highest volume of trading for the year.
Despite the increased volume, the average price for assets on the secondary hedge fund market fell slightly for the third month running.
The average price for trades on Hedgebay’s Secondary Market Index stood at 74 per cent, continuing the marginal retreats of recent months.
With investors’ priorities focussed on portfolio clean up, the majority of trading once again took place within gated and suspended funds.
While the trading dynamics of recent months persisted, the
With changes afoot in the attitude of governments and regulators to compensation and incentivisation packages, Martin Cornish (pictured left) and Mark Silveira (pictured right) of Katten Muchin Rosenman Cornish LLP outline the series of steps alternative investment firms need to take in advance of the changes.
Persuaded by the argument that the size and design of compensation and incentivisation packages in the financial sector contributed to the 2007–09 financial crisis, governments and regulators have spent much of 2010 working on a number of initiatives which they hope will address perceived problems.
Recent developments make it clear that the new rules
