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Alpha Strategic, an Aim-listed hedge fund investment group, has acquired Acme Advisors, a wholly owned subsidiary in the Ikos advisory group.
Acme has been incorporated to provide sales and distribution advisory services to Ikos in respect of the Ikos G10 Currency Fund Class, one of Ikos’ flagship funds. For the provision of these services, Acme has an agreement with Ikos to receive 7.2 per cent of Ikos’ aggregate management and performance fees relating to the fund.
The Ikos agreement follows an earlier transaction with Winton Capital Management in 2006.
Ikos creates technology to benefit from high frequency trading
SEI has enhanced the workflow processes and capabilities associated with its hedge fund outsourcing services to improve transparency, automation and controls, and operational risk repor
The Hennessee Hedge Fund Index gained 11.74 per cent during the first six months of 2009, the strongest gain for the benchmark since 1999 when the index rose 14.81 per cent.
Morgan Stanley veterans Michael Myrtetus and Douglas Borthwick have created Cinneas Foreign Exchange, an alternative investment management firm specializing in momentum based trading in
AQR Capital Management has launched the AQR Momentum Indices, which capture the returns of stocks that have outperformed their peers on a relative basis over the recent past.
Altegris Investments has promoted one of its senior alternative investment professionals and hired two additional senior staff members.
Todd Trusso, a five-year veteran of Altegris, was recently named director, private vlient group taking on the broader management and leadership responsibilities of the team of investment professionals serving sophisticated investors and family offices. Trusso’s previous experience includes serving as a manager of financial services with Prudential Financial, where he was responsible for overseeing a team of 12 financial advisers.
"Todd’s unmatched expertise and dedication to being a true professional in alternative investments is highly valued by our clients and is one
Lots traded on the London Metal Exchange during the first half of 2009 totalled 55,185,086 – 1.8 per cent higher than the same period last year.
Early estimates indicate the Credit Suisse/Tremont Hedge Fund Index will finish up 0.48 per cent in June, based on 66 per cent of assets reporting.
Hedge funds continued to generate strong returns in the first half of the year, up an estimated 6.33 per cent, according to the Absolute Return database.
Altin, the Swiss alternative investment company listed on the London and Swiss stock exchanges, has reduced event driven strategies and cash.
