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The first of a six-part guide by Dermot S.L. Butler, Chairman of Custom House Administration & Corporate Services Limited (Custom House).
1. What is Administration?
“Administration”, in the context of Alternative Investment and Hedge Funds means, in effect, the management of the Fund in virtually all aspects of the day-to-day operations of the Fund, except the actual investment of the assets, which is the responsibility of the Investment Manager.
In this role, the Administrator is always answerable to the Board of Directors or Trustees of the Fund and does not have any actual management control.
In simple terms, an Administrator
Craig Reeves, Managing Director, Platinum Capital Management, outlines the benefits of manager diversification and risk control.
Few private investors will have man
Markit has launched a Present Value (“PV”) Service to provide a swift and accurate Net Asset Value (“NAV”) of credit derivative portfolios.
Markit is the industry s
Liberty Ermitage, one of Europe’s largest offshore fund management groups, has appointed Stephen Smith as VP of investor relations and communications.
Commenting on
Boaz Manor, a founding partner of Portus Alternative Asset Management, fled to Israel days before an investigation into the collapse of the Portus hedge fund.
KPMG,
Primores AG has launched the PrimFund Growth Segregated Portfolio, a fund consisting of leading high-return funds of hedge funds.
The new fund follows the successfu
A report into setting up and running a hedge fund in an existing long-only or ‘mixed’ fund management company has revealed market appetite for a hybrid product.
In
New York-based CSFB’s Hedge Fund Investments group has launched five SEC-registered funds of hedge funds.
The five fund strategies are Multi-Strategy, Long/Short Eq
London-based Chaser Capital launched its first currency fund on 14 February. David Lavers outlines the fund’s strategy and investment process.
HW: What is the background to the launch of Chaser Capital?
DL: The partnership was established by three accredited investment management professionals looking to exploit certain inefficiencies present in the foreign exchange markets.
The business has focused on the development of proprietary technology and has a strong emphasis on on-going strategy development and testing.
Chaser Capital’s strategy remains very unique with the partners trading their own capital to establish a strong track record before launching the Chaser Capital Currency Fund