Latest News
Prime brokerage firm Merlin Securities is expanding its footprint with a push into Canada.
The firm has recently hired Daniel Dorenbush as a partner and chief executive officer of the firm’s Canadian operation, which is slated to open later this year, according to the report by FINalternatives.
In his new role, Dorenbush will be based in Toronto and will report to Ron Suber, senior partner, head of global sales and marketing.
Most recently, Dorenbush was a New York-based managing director and global head of strategic sales and relationship management in the hedge fund services division at RBC Capital Markets. He
Morten Spenner, CEO at International Asset Management (IAM), comments on the results of the Towers Watson Global Alternatives Survey 2010 pertaining to funds of hedge fund assets managed on behalf of pension funds.
A recent Towers Watsons Global Alternatives Survey of the top 100 alternative investment managers of pension fund assets, revealed that alternative assets managed on behalf of pension funds rose marginally from USD 817,002m in 2008 to USD 817,090m in 2009. It showed that fund of hedge fund assets managed on behalf of pension funds dropped from its peak of USD 146,242m in 2007 to USD122,921m in 2008 and
Backstop Solutions Group, a provider of Software-as-a-Service platforms for the alternative asset management industry, has opened its first European focused office in London.
The London office will cater to the UK and Western Europe, and better position Backstop Solutions Group to continue to serve its European customer base.
“This is an exciting time for us, as the London office represents our successful expansion into two major international markets,” says Jeremie Bacon, chief executive officer. “We’re thrilled to be able to offer unique technology alternatives along with our many years of experience working with institutional assets.”
In February Backstop Solutions Group
MSCI, a provider of investment decision support tools including indices, portfolio risk and performance analytics and corporate governance services, has entered into a definitive agreement to acquire Measurisk, an affiliate of J.P. Morgan Worldwide Securities Services and a provider of risk-transparency and risk-measurement solutions for hedge fund investors.
The deal, which remains subject to customary closing conditions, is expected to close at the end of July.
"The acquisition of Measurisk will bring together two leaders in the field of risk reporting and aggregation services for hedge fund investors – RiskMetrics HedgePlatform and Measurisk InterSight," says Henry Fernandez, chairman and chief
Dalton Strategic Partnership plans to increase the risk profile of the Melchior European Fund, a Cayman Island-domiciled European equity long short fund which was launched in October 2006.
This change in risk profile is being made to establish a clear distinction between the risk profile of the Melchior European Fund and its sister fund, the Melchior Selected Trust European Fund.
The latter was launched in February 2010 as a Ucits III compliant fund.
Following the change, the two funds will retain identical portfolios and will be managed with the same objective of achieving uncorrelated and positive absolute returns; the only
Eurex and the Korea Exchange have received commitment and support from major market participants for the launch of their joint Eurex/KRX Link on 30 August.
This link comprises a cooperation to trade and clear options on Korea’s blue-chip index, Kopsi 200, on Eurex during European and North American trading hours.
Currently, Eurex and KRX are jointly preparing the launch of daily futures on Kopsi 200 options at Eurex and have been in a member consultation process since the beginning of 2010.
Fifteen KRX members have indicated that they will be ready to trade the Eurex Kopsi product during the course
Singapore-based research consultancy GFIA, founded by Peter Douglas
Ex-Goldman Sachs proprietary trader, Tan Maruyama, is already feeling bullish about his R Squared Master Fund
Despite hedge funds posting a slightly positive performance of 0.06 per cent for June, according to the Lipper Hedge Fund Composite Index, their risk/return profile remained intact.
June’s return brought year-to-date performance to minus 2.88 per cent.
Dedicated short-bias (+1.84 per cent) was the best performing strategy for the month as it leveraged the global stock market’s slide.
Other hedge (+1.01 per cent) was the runner-up; performance for the classification benefited from volatility-trading strategies.
At the bottom of the performance league table options arbitrage (-0.67 per cent) was the worst performing strategy at the end of the month.
All style-investing
The Monetary Authority of Singapore’s annual survey has found that its hedge fund industry was able to weather the
