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The Institute for Global Asset and Risk Management is launching an online library and continuing education centre featuring current research on investment management, risk management, economic trends and regulatory frameworks.
Ingarm’s mission is to provide an open platform that facilitates the exchange of information, transparency and research among governments, policy makers, academics and the investment management community.
Garry B. Crowder, Ingarm director, says: “Our goal is to support a global education and research initiative that provides academic research and intelligent discourse on current economic, regulatory and market issues. The text books or reference materials often used by regulators and
International Asset Management, one of the oldest fund of hedge funds managers, is opening a branch office in Spain to expand its client base and service in Iberia.
Marivi Lorente has been appointed general manager for the Madrid office.
She will be responsible for developing IAM’s client base in Southern Europe and its relationships with clients across the region.
Lorente has long-standing experience in the alternative and traditional asset management spaces. She previously worked at Santander Investments, N+1 Group as a partner of hedge funds asset management and at Alpha Value Management as a partner.
Morten Spenner (pictured), chief executive at
Cowen Group is planning to streamline its alternative investment management business through the integration of the senior management and certain aspects of the infrastructure of Ramius’ hedge fund and fund of funds businesses.
The organisational developments aim to facilitate efficiencies within the Ramius alternative investment management business to better serve the needs of clients and position the business for future growth.
Effective immediately, Thomas W. Strauss will be the president and chief executive of this integrated unit and Morgan Stark will be the chairman and head of macro strategies.
Strauss will be responsible for the daily running of the business
By Michael Bane – Ernst & Young’s Partner and Channel Islands Asset Management Leader sumarises the results of the firm’s annual global survey of the hedge fund industry
At Ernst & Young, we have recently completed our annual global survey of the hedge fund industry. 100 funds with USD680 billion of equity, representing about half of the industry, were surveyed with a deliberate bias towards some smaller funds, particularly in Asia. Respondents’ views are summarised below.
There is a significant belief that the response forced by the market has been radical, rapid and productive for investors who are benefiting from
Advanced Fund Administration, a private equity and hedge fund administration company, has appointed Mark Lancaster as vice president of business development, based in the Summit, New Jersey office.
His primary focus is leading AFA’s sales and marketing activities.
Lancaster is a 20 year veteran in the financial services industry. Before joining AFA, he was with Depository Trust and Clearing Corporation where he was vice president of wealth management services, responsible for developing the Alternative Investment Products service and accelerating industry use of AIP to automate alternative fund subscription, redemption and post-trade processing.
"With the experience and industry pedigree of the
NYSE Euronext, an operator of financial markets and provider of trading technologies, has reported net income of USD172m, or USD0.66 per diluted share, for the fourth quarter of 2009, compared to a net loss of USD1,338m, or USD5.06 per diluted share, for the fourth quarter of 2008.
Non-GAAP net income for the fourth quarter of 2009 was USD151m, or USD0.58 per diluted share, compared to non-GAAP net income of USD137m, or USD0.52 per diluted share for the fourth quarter of 2008.
Non-GAAP results for the fourth quarter of 2009 exclude USD44m in merger expenses and exit costs and the
Sixteen per cent of institutional investors have a current allocation to managed accounts and a further 23 per cent are considering a maiden allocation to a managed account structure over the course of 2010, according to a survey by Preqin.
Greater transparency (41 per cent), better liquidity terms (22 per cent) and increased regulatory oversight (22 per cent) were the three most common reasons stated by investors for adding managed accounts to their portfolios.
Sixty five per cent of fund of funds managers surveyed are either currently running a managed account for their clients or considering doing so in the
The CFA Institute and Edhec-Risk Institute have extended their partnership in executive education to offer their alternative asset allocation seminar in both London and New York.
The seminar, aimed at senior investment professionals, provides an understanding of the means of maximising the benefits of alternative investments for asset management and asset-liability management while controlling for their specific risks.
It will be given in London on 16–18 March 2010 and in New York on 30 March–1 April 2010.
The seminar will impart concepts and practical tools for the optimal construction and risk management of multi-style, multi-class portfolios with alternative assets.
The London Metal Exchange is to create LME Asia, opening its first overseas office in Singapore in April this year.
The LME has 26 category one and two members with offices in Singapore and is looking to more closely engage with these members and other market participants to support the use of the exchange’s existing contracts in a range of base metals, steel and plastics, and also to develop new futures contracts and partnerships.
LME Asia will be led by Liz Milan (pictured), the LME’s current commercial director, who will take on the role of managing director Asia. Milan
Early estimates indicate the Credit Suisse/Tremont Hedge Fund Index will finish up 0.17 per cent in January, based on 74 per cent of assets reporting.
Long/short equity funds outperformed major equity markets in January, finishing down an estimated 1.70 per cent as managers’ lower net exposures protected them from the full brunt of the market correction.
Many managers would have finished in positive territory were it not for long positions in technology stocks which, despite good fundamentals, fell in January on fears over the economic recovery.
In general, equity markets reacted negatively to news of the Greek budget deficit and
