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Standard & Poor’s has launched the S&P Global Clean Energy Daily Risk Control Indices.
The launch of the new indices is the latest in a series of S&P risk control indices to enable investors to target and control the level of risk in an underlying S&P equity index.
It follows the S&P Global Clean Energy Index, the S&P Global Eco Index, the S&P US Carbon Efficient Index and the S&P/IFCI Carbon Efficient Index (for emerging markets).
The S&P Global Clean Energy Daily Risk Control Indices integrate a volatility control within the index rules and are designed to offer investors
The availability of senior top talent is decreasing as hedge fund investment professionals re-surface at other hedge funds, proprietary trading banks, asset management firms, and a host of other destinations, according to a survey by recruitment consultancy Heidrick & Struggles International.
Veteran hedge fund and markets professionals are also in demand at the Securities and Exchange Commission, where a promise of increasing government enforcement and the creation of a new division of risk, strategy, and financial innovation are leading to new hires.
According to the report, compensation bidding wars will return in 2010.
Claude Schwab, head of the US hedge
Evercore Pan-Asset Capital Management has chosen Moxy, Advent Software’s trade order management solution, and Advent Portfolio Exchange, its portfolio and client relationship management solution, to support its growth plans.
London-based Evercore is a discretionary wealth management company which focuses on asset allocation and index tracking using exchange-traded funds.
Established in 2007, the firm offers tailored asset management solutions to a diverse roster of clients, including pension funds, charity endowments and high-net-worth individuals.
Evercore initially relied on spreadsheets to support its operations. However, it needed a robust technology platform with risk management and compliance capabilities in order to meet the due
Investment manager Omni Partners has appointed the team responsible for overseeing the Omni Global Fund Asia portfolio.
Matthew Moskey has joined the firm as portfolio manager and Erik Senko has joined as head of trading.
Omni has also completed the incorporation of its Hong Kong subsidiary, Tiresias Capital Hong Kong, and the opening of its Hong Kong office.
Both Moskey and Senko will be based in the Hong Kong office. They will be joined by Rahul Patel, who has been with the firm since 2006.
Moskey was previously head of Centaurus Capital’s Hong Kong office and a responsible officer
Tim Haywood, Investment Director at Augustus Asset Managers Ltd (a subsidiary of GAM), investment advisor to three of the four Julius Baer Absolute Return Bond Funds, examines the outlook for investments in government securities.
Investors in government bonds face a difficult year due to increased risks and concerns over the ending of quantitative easing (QE) programs in the UK and US. There is a raft of potential bad news overhanging the government fixed-income markets – be it heightened risk of default, rating downgrades, inflation scares when there is so little yield protection, buyers strikes as well as the end of,
Investment firm Dalton Strategic Partnership is launching the MST European Fund on 1 February 2010 as a sub-fund of the Melchior Selected Trust, a Luxembourg Sicav.
The fund will aim to deliver positive absolute returns, uncorrelated to equity or bond markets.
Managed by Leonard Charlton, a former portfolio manager at GLG and trader at Goldman Sachs, the fund will follow the same investment approach as his current hedge fund, the Melchior European Fund.
Launched in October 2006, the Melchior European Fund achieved a positive return of 8.01 per cent in 2007, 6.26 per cent in 2008 and 4.29 per
Hedge funds posted an estimated inflow of USD18.7bn in November, more than double the inflow of USD8.2bn in October, according to TrimTabs Investment Research and BarclayHedge.
The inflow in November was the largest since May 2008.
“Flows into hedge funds are back to pre-crisis levels,” says Sol Waksman, chief executive of BarclayHedge. “Nevertheless, the inflow of USD54bn in the latest four months reversed only a small portion of the redemptions of USD402bn from September 2008 through July 2009.”
In addition, funds of hedge funds took in USD4.9bn in November, their first significant inflow since March 2008.
“The liquidity constraints exposed
Prime Capital, a provider of asset management and investment banking solutions, has appointed Alexander Ineichen as senior strategist.
Ineichen (pictured) will be responsible for the research and product development for satellite investments, focussing on alternative investments, absolute return strategies, commodities, energy and credit.
“We are delighted that Alexander Ineichen, a most noted expert for alternative investments and derivatives, will join Prime Capital. We are confident that his renowned expertise will be a valuable asset for our clients,“ says Wolfgang Stolz, founder and chief executive of Prime Capital.
Ineichen is founder of Ineichen Research and Management, an absolute return and special
The RBC Hedge 250 Index had a net return of 0.78 per cent in December, bringing the year-to-date return of the index to 19.30 per cent, according to RBC Capital Markets.
These returns are estimated and will be finalised by the middle of next month. The return for November 2009 has been finalised at 0.93 per cent.
The best performing strategy in December was Mergers & Special Situations, which rose 4.01 per cent.
Also posting positive performances were fixed income arbitrage (1.99 per cent), credit (1.83 per cent), equity long/short (1.31 per cent), convertible arbitrage (0.32 per cent), and multi-strategy
New research conducted by ICBI – the organiser of the annual Fund Forum International conference, now in its 20th year – focuses on key challenges fund managers must face if they are to restore credibility in the eyes of European consumers.
Based on objective research with over 100 leading asset manager players and top distributors from across Europe, ICBI says the results “reflect the future surrounding European asset management”, and highlights the following seven challenges for business heads:
1) Finding new ways of addressing the core issue of investor credibility and trust. How can top management show leadership in working
