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For the hedge fund industry, the Madoff affair did not so much change the rules of the game, as embed them more rapidly and more deeply.
Gravitas, a technology solutions provider and business consultant to the alternative investment and financial services industries, has released the first suite of cloud services designed exclusively for alternative asset management firms.
Gravitas’ cloud computing service provides virtual server hosting at secure offsite co-location facilities and hosted applications including email, mail compliance, remote data backup and Voice over Internet Protocol services on a per user, per month basis.
The service also gives asset managers the ability to add computing capacity as it is needed, giving them the ability to scale to very large environments on demand.
“Alternative asset management firms
At the end of last year it was possible to believe that the hedge fund industry might be drastically reduced in size over the next couple of years, and that the Cayman Islands, home to the vast majori
The worldwide financial market’s performance over the last 12 months has made some financial institutions and investors wary, but law firm Walkers sees opportunities for offshore finance and private equity structures in Asia.
While there have been shifts in focus by the market, the right offshore strategies can help achieve onshore solutions for investors and institutions, says Walkers.
Over the past five years, there has been significant growth in foreign direct investment in Asia, and particularly in the Peoples’ Republic of China. In that time, thousands of companies have been incorporated in the British Virgin Islands and the Cayman Islands
Barclays Bank has introduced its iPath exchange-traded notes platform in Canada with the cross-listing of seven iPath ETNs on the Toronto Stock Exchange.
The iPath ETNs are linked to equity volatility, currencies and the CBOE S&P 500 BuyWrite strategy.
The iPath ETNs are:
• iPath S&P 500 VIX Mid-Term Futures ETN
• iPath S&P 500 VIX Short-Term Futures ETN
• iPath Optimized Currency Carry ETN
• iPath JPY/USD Exchange Rate ETN
• iPath GBP/USD Exchange Rate ETN
• iPath EUR/USD Exchange Rate ETN
• iPath CBOE S&P 500 BuyWrite Index ETN
“We are pleased to expand our iPath ETN platform in Canada. iPath ETNs have been tremendously
Analogic, a designer and manufacturer of medical imaging and aviation security technology, has reached an agreement with Ramius Value and Opportunity Master Fund and Ramius relating to the company’s 2010 annual meeting of stockholders.
Ramius beneficially owns approximately 4.9 per cent of Analogic’s outstanding shares.
At the Analogic 2010 annual meeting on 29 January, Analogic will nominate Dr. Burton Drayer (pictured), executive vice president for risk at The Mount Sinai Medical Center and chairman and director of Mount Sinai’s department of radiology, to stand for election as a new independent director on the Analogic board at the January 2010 annual
Citi has been awarded a mandate by Crabel Capital Management to provide a portfolio of hedge fund administration services.
Citi will be delivering portfolio accounting, fund administration, monthly NAVs, daily P&L and weekly and month-end estimated NAVs.
“As we manage to the next level of development for our business, we realized we needed to outsource these operational functions so that we could concentrate on our profitable growth. Citi was the ideal partner for our future growth and has the capacity to take on our high volume business,” says Kathryn Daley, chief operating officer, Crabel Capital Management. “After we conducted a
XS Investments, a placement and advisory firm for alternative investments managers, has expanded its senior team with the appointment of Steven Tack and Josephine Defty.
Tack will join as partner with responsibilities for the Nordic region and Defty will join as director with responsibility for the UK.
Tack, who worked for Russell Investments for over 13 years in London, Johannesburg and Amsterdam, was most recently managing director heading the Amsterdam office with responsibility for Russell’s Northern European business. He will be based in Amsterdam.
Defty was previously vice president within the client services team at Pantheon Ventures, part of Russell
Oakley Capital, an investment management, private equity and advisory firm, has re-branded its fund of hedge funds division as Oakley Alternative Investment Management.
Oakley Alternative Investment Management will continue to be a division of Oakley Capital and will continue to oversee the company’s flagship fund of hedge funds, Oakley Absolute Return.
The new name signifies the intention of the division to expand its alternative investment product range under the Oakley Alternative Investment Management banner.
Oakley Absolute Return has had an annualised return since inception of 8.06 per cent while remaining focused on downside protection. Since expanding the institutional investor
Early estimates indicate the Credit Suisse/Tremont Hedge Fund Index will finish up 2.29 per cent in November, based on 71 per cent of assets reporting.
Hedge funds regained momentum in November following October’s muted returns. A number of global macro (+3.93 per cent) quant funds had their best month of the year which helped make up some of their losses in the second and third quarters.
Gains came mainly from long positions in equities and gold as well as from bullish views on US and UK bonds.
The USD carry trade remained popular among global macro managers as the Reserve
