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Brevan Howard, Europe’s largest hedge fund, will open a research office in São Paulo, Brazil.
The firm already has offices in Europe, the US and Asia.
The Latin America office will be headed by Mário Mesquita, formerly a Deputy Governor of the Brazilian Central Bank (2006-2010).
Cheyne Capital Management (UK) says the Cheyne European Event Driven Fund exceeded its first round target of USD100m in assets under management by 1 August, raising the majority of the capital from new and existing investors in just two months.
The fund has delivered 11 months of consecutive positive performance since launch in October 2009 including during the difficult months of May and June and credits its performance to its European location and specific mid cap expertise.
The firm continues to see opportunity in the liquid European equity and credit spaces where a lack of other European based funds and
Charter Group has teamed up with Brian Taitz to launch a hedge fund administration firm, Charter Group Fund Administration.
The firm is based in the City of London and focuses primarily on offshore funds managed by boutique fund managers.
Taitz founded and managed a fund administration operation in Sydney before relocating to the UK.
Taitz says the UK market is fragmented with larger administrators turning away smaller funds and relying more on their size than their service levels to win clients. This leads to clients having to look to foreign providers to fill the gap and then having to deal
Cullen Capital Management, the US based value and income specialist, is entering the UK and European markets by making two of its flagship value equity strategies available to investors as Dublin-domiciled Ucits.
The Cullen North American High Dividend Value Equity Fund and Cullen Global High Dividend Value Equity Fund incorporate a value-based investment philosophy.
The funds are due to launch on 1 October 2010 and will be available in euro, sterling and dollar denominations to institutional, high net worth and retail investors.
Jim Cullen, president, portfolio manager and founder of Cullen Capital Management, says: “The search for income continues across
Source has launched the BofAML Hedge Fund Factor Euro Source ETF in Deutsche Börse’s XTF segment.
The fund tracks the performance of the Merrill Lynch Factor Model Index with currency hedging.
The index measures the performance of a hypothetical investment portfolio that comprises renowned and liquid equities from the following indices: S&P 500, Russell 2000, MSCI EAFE and MSCI Emerging Markets.
The investment portfolio can enter both long and short positions and is adjusted every month.
The composition of the portfolio is based on the algorithms of Merrill Lynch International with the objective of tracking the Hedge Fund Research Weighted
Eze Castle Integration, a provider of IT services, consulting and technology to hedge funds and alternative investment management firms, has surpassed 30 applications in its hosted infrastructure.
Eze Castle Integration, a provider of IT services, consulting and technology to hedge funds and alternative investment management firms, has surpassed 30 applications in its hosted infrastructure.
The company has also been named a recommended hosting provider for Convergex Group’s Eze OMS, an order management system.
Eze Cloud was custom built for the alternative investment market and has supported more than 30 critical business applications, including Eze OMS.
As a recommended infrastructure provider