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Auriel Capital, an asset management firm specialising in absolute return strategies, is launching a market neutral fund called Auriel UK Equity Fund.
The new hedge fund comprises both long and short investments in FTSE 100 companies.
The fund complements Auriel Capital’s existing European equity market neutral strategy, which has generated annualised returns of 8.5 per cent since its inception in June 2007.
The Auriel UK Equity Fund’s strategy involves trading the most liquid shares in the UK market. The objective is to generate absolute returns by managing a diversified, risk-controlled portfolio with low correlation to traditional asset classes and
Oakley Alternative Investment Management has appointed hedge fund investor Teun Johnston as a portfolio manager.
Johnston was previously co-head of investments at Amundi AI, formerly known as Credit Agricole Asset Management Alternative Investments.
At Oakley, Johnston will work together with Nick Hannan, chief investment officer, and Christopher Parkinson, portfolio manager, to develop the scope of the Oakley investment function and business.
Johnston joined Amundi AI in December 2000, initially as a senior investment analyst focusing on the initial and ongoing due diligence of European and Asian-based hedge fund managers. He was appointed co-head of investments in 2009 and had been
Edelgard Beister, director of Vega Asset Management Holdings, has reported improvement across all Vega’s funds in February 2010.
The net returns for February 2010 are as follows: Vega Global: 1.14 per cent (year to date: 2.95 per cent); Vega Select Opportunities A Class: 0.78 per cent (year to date: 10.87 per cent ); A1 Class: 0.63 per cent (year to sate: 9.13 per cent); Vega Feeder Fund 2X Class (providing 2X leveraged investment into Vega Global): 2.23 per cent (year to date: 5.85 per cent); Vega Credit Opportunities: 3.45 per cent (year to date: 6.78 per cent).
In a
Derivatives exchange Eurex has admitted the first broker headquartered in the People’s Republic of China through its Hong Kong subsidiary.
GF Futures (Hong Kong) became a trading member of Eurex on 3 March 2010.
Dr. Cheng Xiao, the general manager of GF Futures, says: “We are honoured to be the first Chinese broker as a member of Eurex. We will have a better understanding of the European market together with our customers. Being a member of Eurex represents another major step to offer access to international business opportunities to our customers as well as a further commitment to the internationalisation
Third Eye Capital, an investor in Canadian private credit, has appointed Christopher Vokes as vice president, investor relations.
Vokes is a seasoned marketing professional with experience in both the institutional and retail investment markets.
In the newly-created role, Vokes will oversee all of the investor relations and marketing activities of the firm across both retail and insitutional platforms.
He will be responsible for implementing TEC’s new domestic fund partnership and growing the offshore fund’s assets.
Prior to joining TEC, Vokes held senior marketing roles at various hedge funds and investment firms, and established and helped grow the Western Canada
The Directional Markets Index heads the list of investable Alternative Investment Indices in March with a month-to-date performance of 0.67 per cent.
The indices are provided by Alternative-Index and listed on the Vienna Stock Exchange.
Since the beginning of the year the outperformance of the DMX against the DAX 30 is 3.36 per cent.
The best performing sector for the DMX was the FX sector with a month-to-date attribution of 0.34 per cent. Sectors like financials, interest rates and equities positively supported the month to date performance of the DMX.
The Relative Value Index is the second best performing
Sturgeon Ventures has seen the number of inquiries from City workers looking for help to set up their own businesses rise ten-fold in the last three months.
Sturgeon, which specialises in helping entrepreneurs establish start-up financial services businesses in the institutional space, says City workers tired of bonus cuts and taxes as well as the restrictions of working in big organisations are finding more confidence to set up on their own this year as the shock of the financial crisis abates.
It received around 25 inquiries in 2009 but it is now fielding around 20 or more a month, equating
The Ucits Alternative Index Global rose by 0.24 per cent in February, bringing its year to date performance to -0.29 per cent.
The Ucits Alternative Index Fund of Funds increased by 0.25 per cent.
Commodities and macro were the best sectors with gains of 1.48 per cent and 0.51 per cent respectively.
The Emerging Markets Index had the worst performance for the period, down 0.19 per cent.
On a year to date basis, the Fixed Income Index is the best performing index, up 1.02 per cent.
Nara Capital is the exclusive index agent to the Ucits Alternative Index.
The Australian Securities and Investments Commission has delayed the commencement of short seller obligations to lodge short position reports from 1 April 2010 to 1 June 2010.
It has also rescheduled the commencement of ASIC obligations to publish aggregated short position reports from 1 April 2010 to 21 June 2010.
The change will allow short sellers more time to ensure they have the appropriate systems in place to meet their reporting obligations.
ASIC will facilitate an industry-wide pilot test to allow short sellers access to the new reporting infrastructure from 10 May 2010.
To assist short sellers and systems developers
The HFRI Fund Weighted Composite Index posted a gain of 0.52 per cent for February, reversing January losses and bringing year-to-date performance to a decline of 0.18 per cent.
After two months of losses, macro funds posted the largest positive contribution, with a gain of 0.75 per cent for the month.
Gains were across both discretionary and systematic macro, with both commodity and currency focused managers also having positive contributions.
Event driven strategies posted a narrow loss of 0.11 per cent for the month, with weakness in activist strategies offsetting gains in merger arbitrage and distressed.
Equity hedge
