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A new report by AsiaHedge has found that Asian hedge fund assets grew by a modest 3.9 per cent during the first half of 2010 to USD137.8 billion.
Singapore-based Paridon Asia Pte, founded by ex-ABN Amr
Brevan Howard has hired expert hedge fund marketer John Capaldi to head up sales and marketing for Asia and Australia.
The accusation that offshore centres have an unfair tax advantage is unfounded, according to speakers at an event organised by RBC Wealth Management.
The EU Code of Conduct Group will hold its meeting in Brussels today to discuss the zero-ten tax regime of Britain’s crown dependencies.
There have been three main criticisms aimed at offshore centres in recent years: they harbour criminal activity; they are used to escape paying tax; and they have an unfair competitive tax edge.
Paul Patterson, head of global trust, RBC Wealth Management, said: “In response to the attacks, international financial centres have ensured a
While bond markets appear to have discounted a double dip and the likelihood of deflation, equity markets remain torn between the “double dippers and the typical year two slowdown camp,” Invesco’s European equity experts write in their latest monthly summary for September 2010.
They continue to believe in muted but sustained growth, and see plenty of bottom-up opportunities for investors willing to look beyond the current volatility.
Invesco’s Henley European Equity Team is currently overweight in the Dutch market, in particular.
“While our overweight position in the Netherlands around seven per cent is more of a reflection of the
Perella Weinberg Partners, a financial services firm providing corporate advisory and asset management services, has opened its latest office in Abu Dhabi, United Arab Emirates.
The announcement accompanies the recent addition of Jameel Akhrass and Nabil F. Lahham as partners of the firm.
Akhrass and Lahham will focus on growing the firm’s strategic advisory and asset management businesses across the Middle East region.
Joseph Perella (pictured), chairman and chief executive officer of Perella Weinberg Partners, says: “We are very pleased to be opening our Abu Dhabi office. This is an important development in our firm’s continuing commitment to an exceedingly
Silver Creek Capital Management, a manager of funds of hedge funds, has added four investment and business development professionals to its teams in the UK and US.
The four are Carter Weil, Petter von Heidenstam, Christian McFadden and Kelsey Schreck.
Bryan Weeks, president and chief executive officer of Silver Creek, says: “Over the past year, we have made a significant effort to invest in high calibre, seasoned investment and business development professionals in the US and the UK and we are pleased to welcome Carter, Petter, Christian and Kelsey to the firm. We look forward to leveraging their collective regional
Titan Capital Group, a New York-based alternative investment manager specialising in volatility trading strategies, has appointed hedge fund industry veteran Keith Danko as partner.
Danko will work closely with Titan founder Russell Abrams with a particular focus on business development.
He will also assist Abrams in the overall management of the firm.
Danko is based in Titan’s New York headquarters.
“We are extremely pleased to have Keith on board and look forward to benefitting from his experience and long track record of success. We believe he is a great addition to Titan’s already strong team,” Abrams says.
GlobeOp Financial Services, a provider of business process outsourcing, financial technology services and analytics, saw an increase in assets under administration to USD139bn at 31 August 2010 from USD120bn at 30 June 2010.
New clients added USD15bn of assets to GlobeOp’s platform during July and August.
At the same time client subscriptions totalled USD8bn, partially offset by redemptions of USD5bn.
Fund performance added another USD1.5bn to client asset balances and existing clients launched USD0.5bn in new funds.
Hans Hufschmid, chief executive officer of GlobeOp, says: "We are very pleased with our progress thus far in the second half of 2010.
The US Commodity Futures Trading Commission has charged Georgia-based Joseph L. Autry, Jr. and his company, Autry Capital Management, with fraudulently operating a Ponzi scheme that solicited and received approximately USD265,200 from seven customers to trade commodity futures contracts.
Autry, who has never been registered with the CFTC, allegedly ran the scheme from at least May 2008 until January 2010.
The CFTC complaint, filed on 21 September in the US District Court for the Southern District of Georgia, charges that Autry misappropriated more than USD176,000 of pooled customer funds to pay his personal debts and expenses.
Autry is also charged
