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Sixty one per cent of hedge funds in RBC Dexia Investor Services’ latest survey believe greater governance of alternative investments could result in an increased allocation to the sector, with a significant number of alternative fund launches, both on and offshore, expected in the coming months.
The poll defined governance as including structure, independent valuation, transparency and third-party control.
Respondents were divided on the notion that increased regulation could affect asset allocation – just over half (52 per cent) either thought it had no impact (40 per cent) or had no opinion (12 per cent). However a significant minority
Advent Software, a provider of software and services for the investment management industry, has received two awards from Hedgeweek for its portfolio management and fund accounting solution Geneva.
Geneva was named Best Managed Account Platform Technology and Best Fund Accounting and Reporting System.
Geneva offers comprehensive instrument coverage, full financial general ledger, and industry-standard integration tools enabling firms to manage complex investment vehicles, multiple investment strategies, and tiered fund structures.
"We continue to enhance the depth and breadth of Geneva, and the new middle office functionality that we’ve been adding to the product particularly shows Advent’s growing commitment to the
SolarField Investment Management has been formed to provide investors with access to the attractive long-term yields available on investment in government incentivised electricity generating solar photovoltaic installations across the EU.
Based in London, SolarField is preparing to launch a series of investment funds which will invest in a pipeline of identified electricity generating installations in Italy, Germany and Spain.
The funds will invest in both existing operational installations and development opportunities.
Initial yields net of all management charges are estimated at a minimum nine per cent p.a. on an ungeared portfolio with targeted returns of 16 per cent.
The
SEI has launched an online guide that details the key features and requirements of the investment product packaging options predominant in today’s market.
The Global Asset Management Product Guide is designed to help investment managers understand and compare a broad range of potential investment vehicles so they can target additional growth opportunities in light of investors’ increasing demand for flexible product packaging options.
SEI created the guide with the help of several distribution consultants and legal experts in the US and Europe.
It details the key features of a wide range of investment vehicles, including the regulatory, operational, and distribution
The combined fortunes of the top three hedge fund managers in the 2010 Sunday Times Rich List have grown by GBP1.15bn in a single year.
The Rich List league table of Britain’s 25 wealthiest hedge fund managers is headed by Louis Bacon, the London-based Moore Capital manager, who gains billionaire status in the 2010 Rich List with a 69 per cent rise in his fortune.
Now worth GBP1,100m, Bacon becomes one of the 50 richest people in the country, moving 14 places up the list of Britain’s wealthiest 1,000 to be ranked 49. In 12 months, Bacon has added GBP450m
The Morningstar 1000 Hedge Fund Index rose 2.8 per cent in March, while the currency-hedged Morningstar MSCI Composite Index increased 2.3 per cent.
For the quarter, these indexes ended up 1.6 per cent and 2.5 per cent respectively.
Hedge fund returns were bolstered by a global equity market rally in March. The MSCI World Stock Index climbed 6.0 per cent, as stock markets in Europe, Asia, the US and emerging countries all showed substantial gains.
Hedge funds in Morningstar’s database appeared to be hedged similarly in March as they were in November 2009, when hedge funds captured only a small
The Australian Securities and Investments Commission has released regulatory guidance to assist with compliance with new legal requirements under the Corporations Act 2001 and Corporations Regulations 2001 in relation to short selling.
ASIC’s guidance is contained in a revised version of Regulatory Guide Short selling 196, which clarifies the legal position about what short sales are permitted, as well as specific reporting and disclosure obligations.
It contains an overview of short selling concepts and new provisions in the Corporations Act as a result of the changes to the legislation about short selling, and various relief that ASIC has granted in
The Salus Alpha RN Special Situations fund has raised USD20m from new investors since it launched on 22 March 2010 and is up 3.14 per cent after its first month.
“The remarkable raise in money combined with the extraordinary performance nearly exceed all our expectations for the first month,” says Oliver Prock (pictured), chief executive of Salus Alpha Capital. “This is one of the most successful fund launches for us. We are impressed by the great interest of the investors for the fund; this shows that as pioneer in Ucits alternative we are exactly on the right path.”
The fund
Law firm Maples and Calder has hired Peter Stapleton as a partner in its investment funds group in Dublin.
Stapleton (pictured) was formerly a partner with one of Ireland’s investment funds law firms.
Stapleton regularly advises investors, promoters, fund managers and investment banks on the establishment, ongoing management and restructuring of both traditional and alternative investment funds.
Barry McGrath, head of investment funds at Maples and Calder Dublin, says: "Our business model is about excellence and innovation in law and we are pleased to announce that Peter is joining our team. He is acknowledged as one of the best lawyers
Bandon Capital Management is now available as a third party investment manager on the TD Ameritrade Institutional Separate Account Exchange.
Bandon’s flagship strategy, the Directional Interest Rate Strategy, is now available to advisers using the platform.
DIRS is an absolute return oriented, active duration, fixed income strategy focused on the US Treasury markets.
The strategy is a translation and implementation of an institutional strategy developed by a hedge fund manager whose founder was a former Federal Reserve economist.
DIRS is available to both non-accredited and accredited investors and eliminates many of the structural investment management delivery vehicle inconveniences
