Latest News
Appleby, a provider of offshore legal, fiduciary and administration services, has appointed five partners.
Richard Addlestone has joined the funds and investment services team and is based in the Cayman Islands office. He has over 16 years experience and was previously a partner with Walkers in Cayman. He specialises in private equity and hedge funds, and also advises on captive insurance, reinsurance and general corporate issues.
Julian Black joins the banking and asset finance team in the Cayman Islands office. He was also formerly a partner at Walkers, and specialises in debt and equity financings as well as advising on
The US dollar is the currency on which hedge fund managers are most bullish in the near term, research by TrimTabs Investment Research and BarclayHedge shows.
Six in ten fund managers cite the greenback as their preferred currency investment over the next three months.
“The debt crisis in Greece, the creditworthiness of other countries in Europe, and the US dollar rally have market participants focused on currencies,” says Vincent Deluard, global equity strategist at TrimTabs. “We think currencies will dominate other investment themes throughout 2010.”
Nearly 26 per cent of hedge fund managers expect a quick resolution to the Greek
ABC Quant, a provider of risk management analytical solutions for the hedge fund industry, has launched the Quant Suite Morningstar edition, which offers a choice of risk management and portfolio allocation tools for institutional investors and investment advisers.
Morningstar, a provider of independent investment research, is powering this new edition through access to its hedge fund database.
Morningstar has performance data for approximately 8,000 active hedge funds and funds of hedge funds in its database and tracks operational data, like fee structure and contacts.
Subscribers to the Quant Suite Morningstar edition will also have access to the Morningstar Rating for
Caldwell Life Strategies, an asset manager providing life settlement and related investing solutions, has reorganised its affiliates under a single corporation resulting in a new name and corporate identity.
The new face of Caldwell encompasses all phases of life settlement investing: proprietary actuarial and modeling analysis, origination, sales and servicing, product structuring and legal and compliance.
“As this industry matures and attracts new participants, our proven process, in-house mortality expertise and track-record will continue to differentiate us from the pack,” says Adam Balinsky (pictured), president of Caldwell Life Strategies. “It’s an exciting time for our business and the multiple benefits
Private equity firm The Carlyle Group has appointed Michael “Mitch” Petrick as managing director and global head of credit alternatives and capital markets.
Petrick will also become a member of the firm’s operating committee.
Petrick, who joins Carlyle after a 20-year career at Morgan Stanley where he was managing director and global head of institutional sales and trading, will be based in New York and begin his duties in late March.
William E. Conway, Jr., Carlyle co-founder and chief investment officer, says: “Mitch is a significant addition to our senior management team. With a proven track record of delivering absolute
Bermuda-based Nephila Capital, an investment manager specialising in insurance-linked securities, attracted inflows of USD340m from 11 UK institutions into its catastrophe reinsurance fund in the second half of 2009.
The latest inflows bring total assets under management in the platform to USD2.6bn.
Nephila, in which Man Group has a 25 per cent stake, has multiple investment products and managed accounts dedicated to investing in insurance-linked instruments such as catastrophe bonds.
Catastrophe bonds are a form of insurance securitisation that spreads the risk of insured claims from large natural disasters, such as hurricane Katrina. Because returns on these instruments are based
Two of the crucial areas which investors are looking for in hedge funds include volatility and suitability, an expert has claimed.
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.
Hedge funds posted an estimated inflow of USD7.1bn, or 0.5 per cent of assets, in January 2010, according to research by TrimTabs Investment Research and BarclayHedge.
Total hedge fund assets stand at USD1.5trn, up 23.6 per cent from the April 2009 low, thanks to an unprecedented 11-month winning streak.
“January bucked the trend,” says Sol Waksman, chief executive of BarclayHedge. “The first month of the year typically delivers a redemption-driven outflow. The fact that hedge funds managed to attract money is a good sign.”
Distressed securities funds posted the biggest inflow (6.2 per cent of assets) and the best return
The Hennessee Hedge Fund Index advanced 0.96 per cent in February, bringing its year-to-date performance to 0.42 per cent.
The S&P 500 increased 2.85 per cent in February (-0.95 per cent YTD), while the Dow Jones Industrial Average advanced 2.56 per cent (-0.99 per cent YTD) and the Nasdaq Composite Index advanced 4.23 per cent (-1.36 per cent YTD).
Bonds rallied with the Barclays Aggregate Bond Index increasing by 0.37 per cent (+1.91 per cent YTD).
“Global equity markets were mixed in February, with the US experiencing gains and most international markets posting small losses. During the month, the focus
