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Hedge-House, the London asset management firm founded by hedge fund twins and former Ikos veterans Julian and Lucien Gover, has rolled out weekly investor liquidity for its Hormesis fund.
The fund, which launched in March 2009, is a short term capital protective global macro futures fund.
Year to date performance is three per cent on 2.3 per cent volatility.
Julian Gover says: “Weekly liquidity is a natural extension to the Hormesis profile given the fund’s highly liquid strategy. We are proud to offer a product that is highly liquid and transparent with robust risk management backed by a team who
Direct Access Partners, an institutional agency-only brokerage firm, is acquiring EFX Prime Services, a division of First New York Securities.
The new team complements Direct Access Partners’ capital raising group and provides hedge fund clients with an integrated capital introduction and capital raising platform.
The deal integrates the EFX Prime Services team into Direct Access Partners including Brian Stutman joining as managing director, Andrew Saunders who will lead the capital introduction programme and Geoff Webster who joins the prime operations group.
“The addition of the EFX Prime team adds significant expertise, strong client relationships and a successful capital introduction program
Revere Capital Advisors has acquired Align Advisers, an emerging manager hedge fund research and advisory business based in New York.
Revere is a New York and London based hedge fund platform and investment company focused on emerging managers.
Align was founded by Stefan Zellmer to provide institutional investors research and advisory services on emerging hedge funds. Zellmer will become the head of Revere’s manager research team. Zellmer was formerly head of hedge fund research at UBP Asset Management and co-head of research at Arden Asset Management.
He will be supported by senior analyst Michael Barron who also joins from Align,
The Alternative Investment Management Association, the hedge fund industry association, is to respond to the UK’s Financial Services Authority’s consultation on remuneration.
The FSA published its consultation paper, Revising the Remuneration Code, following changes to the European Union’s Capital Requirements Directive (CRDIII).
The paper proposes changes to the FSA’s existing remuneration code, which was introduced on 1 January 2010 and currently applies to 27 of the largest banks, building societies and broker dealer firms.
Following the amendments proposed, it could cover approximately 2,500 firms, including those defined as Markets in Financial Instrument Directive investment firms, such as hedge funds.
There has been a significant increase in the percentage of pension portfolios investing in alternatives when compared to the previous two years, a poll by SEI suggests.
In 2008, 51 per cent of pension executives surveyed said their pension portfolio was invested in alternatives. In 2009 the percentage increased to 53 per cent and this year’s poll saw an increase to 65 per cent.
Use among pensions with more than USD300m in assets is significantly higher than those with less: 84 per cent compared to 53 per cent respectively.
Other poll findings include that nearly all pension executives viewed improved
Citi’s global transaction services unit has launched a suite of regulatory administration and compliance support services for hedge funds, private equity funds and their SEC registered investment advisers.
Citi provides similar services to traditional mutual funds and investment advisers.
“We’ve launched these services for hedge fund and private equity fund investment advisers to help them navigate a rapidly evolving regulatory environment,” says Bob Wallace, North America head of Citi’s securities and fund services. “We designed these regulatory administration and compliance support services based on our deep experience with traditional mutual funds and their registered investment advisers.”
Citi’s regulatory
The Hedge Fund Association has opened a new chapter in London with future chapters planned for other major European hedge fund cities.
A launch event focused on distressed investing will be held on 5 October at the offices of law firm Brown Rudnick at 8 Clifford Street.
HFA is focused on business and professional development, lobbying to advocate for managers and investors, and public relations aimed at dispelling misperceptions and educating the media, investors, lawmakers and the public at large.
"Europe is one of the most dynamic regions in the alternative investment community, and it is vital that the Hedge
Nexar Capital Group, an alternative investment manager, has acquired Allianz Alternative Asset Management from Allianz France, its majority shareholder, and Allianz Global Investors Europe.
Since 1981, Allianz Alternative Asset Management has been providing its clients with a variety of fund of hedge funds under the leadership of industry veteran Jean François Vert (pictured), who will transition onto Nexar’s platform along with the Allianz Alternative Asset Management team.
Nexar’s founding partners Arié Assayag and Eric Attias believe Allianz Alternative Asset Management’s funds are a valuable addition to Nexar’s investment services, while its European-based expertise and network complement Nexar’s fund of hedge
In the wake of the Dodd-Frank Act and the new registration requirements for the USA, Elizabeth Krentzman, Principal, Deloitte & Touche LLP, outlines key considerations as hedge fund and other advisers revisit their compliance programs.
Now is a particularly apt time to consider practical insights for effective compliance programs. Here are seven considerations to keep in mind:
· Tailor Compliance Policies and Procedures – Rule 206(4)-7 under the Advisers Act, the “Compliance Program Rule,” requires written policies and procedures to meet applicable Advisers Act requirements. Make sure your compliance program under Rule 206(4)-7 is tailored to your specific organization and the
Lombard Odier Investment Managers has expanded its fixed income capabilities with the appointment of Richard Walsh as head of emerging market debt.
Walsh will report to Stéphane Monier, global head of fixed income and currencies.
Walsh has over 13 years’ experience in emerging market fixed income and currencies, most recently at BlueCrest Capital Management. He joined BlueCrest from GLG Partners, where he was a portfolio manager in the emerging markets/macro group.
Before joining GLG, Walsh spent ten years in Salomon Brothers’ proprietary trading group and its successor entity Emso Partners as a portfolio manager.
Monier says: “Emerging market debt and
