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Northern Trust is transitioning hedge funds, funds of funds and single funds managed by Signina Capital from offshore domiciles to Luxembourg.
Signina Capital, a Swiss-based independent investment manager with close to CHF400m (approximately USD404m) in assets under management , recently hired Northern Trust for fund services, including fund administration and Hedge Fund Monitor, which enables clients to track and analyse their hedge fund investments in real time.
“We are seeing an increasing trend for hedge funds to launch Ucits and non-Ucits funds in jurisdictions such as Luxembourg and Ireland,” says Ian Headon, head of product development for Northern Trust’s
Trigon Investment Advisors, a New York-based alternative investment manager, has named Keith Byers as managing director – business development.
Byers will be responsible for the strategic planning and implementation of all sales and marketing efforts for Trigon.
Byers joins Trigon after spending the past 15 years at Chesapeake Capital where he was responsible for marketing and business development activities.
Trigon is a New York-based commodity trading adviser managing approximately USD500m in client assets. Trigon was founded in 2002 by Paul Mastroddi and Ante Basic who together have 45 years of investment experience.
Omnium, a provider of administration and middle-office services for hedge funds and financial institutions, has appointed Alexis Fosler as head of international sales.
With more than 18 years of industry experience, Fosler will drive Omnium’s international expansion focusing on the Asian and European markets.
Fosler will be based in Hong Kong.
“Alexis has an outstanding track record of partnering with clients to help them build their businesses,” says Peter Sanchez, global head of business development and client service for Omnium. “She will be an incredible asset to our firm.”
Previously, Fosler was the head of prime brokerage sales in Singapore
Dutch hedge funds, as measured by the Finles/IEX Hollandse hedge fund index, advanced by 0.3 per cent in August.
The index outperformed the liquid global hedge fund indices. Equity markets dropped four per cent in August due to fear for the double dip.
The outperformance of Dutch hedge funds was caused by their relatively defensive positioning. Quant funds and global macro funds profited most in August.
The five best performing fund in August were: DQS Absolute return Fund; Finles Liquid Macro Fund; World View Global Macro Fund; VOC capital Commodity Alpha Fund; and Fonds Bloemendaal.
The funds with the
GHF Group says the unit value of its alternative investment fund in the real estate sector has surpassed the 200 per cent mark since January 2010.
The fund yielded a 43 per cent return in 2009, and continued to benefit from low interest rates and a below-value housing market in the US and Europe in 2010.
In spite of slow signs of global economic recovery, the real estate fund is expected to continue outperforming most sectors this year.
The fund invests in US and European capital market instruments ranging from equities, debt and derivatives with returns linked to residential and