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Matrix and Redux have joined forces to form Redux Research.
Sudeep Singh, founding partner of Redux Research, and his team have over 50 years’ combined experience in emerging markets and will be providing emerging market currency and macro strategies.
In October 2007, Redux launched its long-only emerging markets FX and macro programme for a US based fund manager which made almost 16 per cent in 2009 and came through the financial crisis of 2008 with modest losses of just over four per cent.
Singh has more than 16 years of experience trading securities in emerging markets. He was formerly
Singapore’s central bank has announced new controls for hedge funds managing over S$250 million (£119.5 million) in assets.
Kleinwort Benson, the UK-based investment management and financial services group that is one of the largest fund administrators in the Channel Islands, will have its banking licence withdrawn by the Jersey Financial Services Commission when the firm is acquired by Belgian investment firm RHJ International from Germany’s Commerzbank.
The Jersey regulator’s decision is based on its requirement that banking entities must be owned by a top 500 bank “of national and systemic importance”, and comes despite Moody’s Investor Services assignment of a Baa2/Prime-2 long- and short-term deposit ratings and a bank financial strength rating of C- to Kleinwort Benson as
AIS Fund Administration has appointed Dan J. Schulman as general counsel to AIS and its affiliated companies.
Schulman has 25 years’ experience representing fund administrators, hedge funds, broker/dealers, prime brokers and other financial institutions.
Paul Chain, AIS president, saidys: “Dan brings to AIS, as counsel, a breadth of expertise and constructive advice that is invaluable, and we look forward to having him aboard as a permanent and beneficial part of the team. Given the many and complex issues on the horizon relating to compliance, the need for transparency, and additional regulatory oversight, just to name a few, Dan’s experience and
Herschel Asset Management’s Absolute Return Fund has returned 17.86 per cent per annum since inception.
The fund is an Australian domiciled, long short hedge fund investing in ASX listed securities and derivatives.
The fund has a track record of over three years and 11 months as at March 2010, during which time it has provided investors with an annualised return of 17.86 per cent net of all fees, at an annualised volatility of 8.81 per cent and with a Sharpe ratio since inception of 1.31.
The fund recorded a positive return of 0.31 per cent in 2008 and a maximum
The Alternative Investment Management Association (AIMA) has come out in support of a global approach to regulation of the hedge fund industry.
Controversial proposals for new restrictions on the American financial sector have been rejected by the country’s senate.
The volume of trading on the secondary market reached a year to date high in March, according to Hedgebay.
The index has shown repeats of last month’s premium trade, the first in nearly two years, confirming investors’ eagerness to seek out quality hedge fund assets.
The March edition of the Hedgebay Secondary Market Index showed the highest number of trades completed so far in 2010. Hedgebay believes that the increased transaction frequency is indicative of investors having greater confidence in both the managers and future results.
Elias Tueta, co-founder of Hedgebay, says: “To some degree, the premium trade last month
Carne Global Financial Services, a business adviser to the asset management industry, has opened a New York office to complement its presence in Dublin, Dubai, Luxembourg, London, Geneva and the Cayman Islands.
Joe Hardiman, managing director, and Paul Bishop, director, will lead the US business.
Hardiman was previously global head of mutual fund products for American Express Bank with full responsibility for the international mutual fund business distributed in Europe, Asia and Latin America.
Bishop was previously director of offshore operations for American Express Bank and has over 16 years of mutual fund and alternative product experience. He was
The Alternative Investment Management Association has welcomed the call by G20 finance officials for a consistent and coordinated approach to the oversight of hedge funds.
Todd Groome (pictured), chairman of Aima, says this is important for a global industry and is supportive of the goals set by global leaders.
“While hedge funds are not themselves systemically important institutions, they can help to provide systemically relevant data reporting in the interests of financial stability,” he says.
With regards to the Alternative Investment Fund Managers Directive, Groome says he hopes EU policymakers will take note of the G20’s call for a
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