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Matrix Alternative Asset Management and PVE Capital have joined forces to raise a hedge fund which with further commitments will total some USD150m.
The Matrix-PVE Global Credit Fund will take advantage of the unique opportunities in global credit markets by trading in a broad range of liquid credit instruments, both long and short.
PVE Capital will be the investment adviser to the fund.
Gennaro Pucci, chief investment officer of PVE Capital, says: “The fixed income market is currently offering opportunities that have rarely been seen in the last ten years. Managing money over the next three years will require a
A survey published by RBC Dexia Investor Services and KPMG shows how some of Europe’s largest asset managers plan to capitalise on Ucits IV and identifies how these reforms will contribute to wider changes across the European investment fund landscape.
The report, entitled "Ucits IV: Which business model for tomorrow?" says the vast majority of Ucits managers are taking a proactive approach to Ucits IV.
It found that the number of management companies will decrease, a new wave of fund mergers lies ahead, master/feeder structures will be key for new markets/client segments, and immediate cost savings are expected.
Peter
Insch Capital Management, in conjunction with Liechtensteinische Landesbank (Switzerland) and Prometeo, has launched Goldilocks: A Gold Note with Currency Enhancement as a new share class of Insch Insight, its BVI domiciled fund.
Goldilocks is the first investment to combine the inflation protection properties and upside potential of gold with a systematic means of capturing price movements in major currencies and offer capital protection.
Christopher Cruden, chief executive of Insch, says: “Whatever lies ahead for global economies and financial markets, investors must preserve capital, protect the value of their money and still participate positively in price movements wherever possible.
“As ever,
Hedgebay Trading has launched the first hedge fund secondary market index.
The Hedgebay Global Hedge Fund Secondary Market Index provides hedge fund investors with statistics on the key aspects of the secondary market.
Most notably it offers the average discount or premium to net asset value of hedge fund shares traded during the month. It also includes the average discount or premium to NAV over one year and ten years, the highest and lowest individual prices of traded assets and the top two strategies traded.
The inaugural index has revealed another decrease in the average discount of hedge fund assets
Investment management group Stenham has expanded its activities in Bermuda and the Caribbean by hiring Paul Bailey as an exclusive consultant for the region.
Bailey comes with a track record of assisting professional advisers and their clients in offshore markets including Bermuda, the Caribbean and the Channel Islands.
Bailey spent ten years with GAM in London and Bermuda and has extensive knowledge of the region and its important decision makers. His remit with Stenham will be to leverage his experience of those markets and develop the firm’s relationships with key professional advisors and their clients.
Harry Wulfsohn, director and
The Lyxor Global Hedge Fund index was up 1.1 per cent in September, taking year-to-date performance to +5.4 per cent.
Alternative strategies generally performed well in September as macroeconomic data came in better than expected and risk appetite continued to increase. Over most of the period, equity markets rallied and credit spreads tightened while the US dollar continued to weaken. These trends reversed at the end of the month on worse than expected data, but this was not enough to offset prior gains.
Long/short equity managers generally captured the broad market movement, with long bias managers benefiting most (+2.2 per
Confidence among active investors is at its highest in three and a half years, research from the Association of Investment Companies suggests.
Confidence is also returning amongst the traditionally more cautious general public, who are at their most positive on the stock market since AIC records began in 2004.
The general public’s confidence in the UK housing market has also improved dramatically over the last year, although still has some way to go before it reaches the highs of a few years ago.
Some 52 per cent of active investors plan to increase their stock market exposure over the next
Twelve financiers were officially weighed in on 22 October at Solas bar in Hong Kong in advance of the Hedge Fund Fight Nite.
In its third year, Hedge Fund Fight Nite is a test of strength and perseverance that hedge fund managers and bankers put themselves through in the name of charity.
For the past five months, the 12 contenders have been put through an intense training regime.
Rob Derry, managing director at Ironmonger Events, the event owner and organiser for Hedge Fund Fight Nite, says: “We initially had 44 volunteers sign up to take part in the event. It
Crédit Agricole and Société Générale have named their combined asset management arm Amundi.
The companies say the name Amundi blends the initials of "asset management" with an allusion to the world.
The Latin origin of Amundi also harks back to the group’s European roots.
Subject to the approval of the European competition authority, Amundi will come into being on 1 January 2010.
With almost EUR650bn under management, Amundi will rank number three in Europe and among the top ten global players.
It will pursue a two-pronged strategy: supply savings solutions to the retail banking networks of the Crédit Agricole and
New York based charity A Leg To Stand On, which helps children with limb disabilities in developing countries, has held its sixth annual Hedge Fund Rocktoberfest.
Over 900 people attended the event, held on 8 October at B.B. King Blues Club in Manhattan, where bands whose members are made up of professionals from the hedge fund and financial services industry performed.
In total the night raised USD205,000. After expenses, Altso estimates the profits will help at least 500 children, furthering its goal of helping level the playing field for 1,000 more children in 2010. In under eight years, Altso will
