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Kneip, an independent service provider to the asset management industry, has acquired Co-Link, a specialist in fund reporting technology and services for investment funds. In recent years, Kneip has invested heavily in its fund reporting services and solutions. Kneip will integrate the entire Co-Link team. Bob Kneip, founder and chief executive of Kneip, says: “There is an ever-increasing need for efficient, reliable and consistent fund documents. By joining forces with Co-Link, we offer our clients more expertise, stronger processes and additional solutions. Together we broaden our service offering and our geographic reach to serve the industry and investors.” Damien Coméliau,
Armajaro Asset Management has appointed Harry Morley as chief executive officer, having previously been group finance director of Armajaro Holdings since 2008. He takes on the role from Richard Gower, co-founder of Armajaro, who becomes chairman of Armajaro Asset Management.   Prior to joining Armajaro, Morley spent the previous ten years working for a range of private equity backed businesses and co-founded Tragus Holdings, the owner of the Café Rouge and Bella Italia restaurant chains, which was sold to Legal & General Ventures in 2005. Armajaro Asset Management manages four commodity hedge funds and an emerging markets hedge fund with
The Brazilian government recently announced an “immediately binding” decision that appears to outlaw all foreign ownership of Brazilian farmland. Stephen Johnston (pictured) of Agcapita Partners outlines the implications. Food supply questions are even more politically charged than questions of energy sovereignty.  The UN has consistently stated that foreign direct investment into farmland has the potential to generate severe political backlash.  In practice, countries as diverse as New Zealand, Russia, India, Argentina, Indonesia, and Kazakhstan have imposed or are considering restrictions on agriculture ranging from export tariffs to proposals for outright nationalisation. Further to this, the Brazilian government recently announced a
SL Investment Management, one of the UK’s largest full service life settlement product providers, is celebrating the second anniversary of its flagship Life Plus Life Settlement Fund. The fund purchases US life insurance policies directly from the secondary market.  Policies are acquired at a substantial discount to maturity value along with responsibility for future premiums until the death of the life assured, at which time the fund collects the full maturity value. Launched in the summer of 2008, the fund has achieved returns of 10.26 per cent with low volatility and minimal correlation to the wider markets.  USD13.3m has been
Eze Castle Integration, a provider of IT services, technology and consulting to investment management firms, has opened offices in Singapore and Geneva. In addition, Eze Castle has named Serge Bukhar, its former director of services in the UK, to the new position of executive director, international operations. Bukhar will build upon the growth of Eze Castle’s UK operations to extend the company’s reach within Europe and Asia. Eze Castle’s offices in Singapore and Geneva are part of the company’s strategy to expand its global footprint. Hedge funds in Singapore and Geneva can now use Eze Castle’s IT services, including outsourced
Collard Capital is launching a Cayman-domiciled fund, Collard Global Macro Fund, on 1 September. It is managed by Collard Capital Management and has entrusted investment management to Collard Capital SA in Geneva. The fund is designed to be highly liquid. It does not feature gates or side pockets and offers a weekly liquidity feature. The investment strategy is purely discretionary. The fund aims to profit from global economic trends and themes.  Sebastien Sainsbury, head of investor relations at Collard Capital Management, says: “Simon Collard and James Beaton, the joint portfolio managers, are a particularly talented team, having navigated the stormy
Only 17 per cent of hedge fund managers are bullish on the S&P 500, according to the TrimTabs/BarclayHedge Survey of Hedge Fund Managers for August. About 47 per cent of the 104 hedge fund managers surveyed in the past week are bearish on stocks, up markedly from 33 per cent in July. “Bearish sentiment skipped sharply higher, and bullish sentiment plunged,” says Sol Waksman, founder and president of BarclayHedge. “Meanwhile, short interest is heaviest in the most cyclical sectors, and from a seasonality standpoint September is far and away the worst month of the year for stocks. The developments hedge
Lakeview Investment Manager, an activist fund of hedge funds, has appointed Tony Lissuzzo as portfolio manager of the Lakeview Opportunity Funds. In this new role, Lissuzzo is responsible for portfolio management as well as manager due diligence. Based in Chicago, he reports to Richard Elden, managing partner of the Lakeview funds and founder of Grosvenor Capital Management. Lakeview allocates approximately USD300m to event-driven hedge funds. "Tony’s 19 years of experience both as an investor and asset allocator make him uniquely qualified to evaluate managers, monitor investments, and construct a well-balanced portfolio," says Elden. Lissuzzo has been involved in multi-manager investments
Newedge Group, a provider of multi-asset brokerage and clearing, says it supports the European Commission’s legislative proposals to reform the over-the-counter derivatives market. The firm recently submitted its comments to the Commission’s Public Consultation on Derivatives and Market Infrastructures. Newedge has urged the Commission to harmonise the broad parameters of its future legislation with that of other jurisdictions around the world, particularly the US where private initiatives on OTC clearing are emerging in the wake of the US Dodd-Frank bill. This is critical if Europe is to avoid generating conditions that encourage regulatory arbitrage. Newedge largely supports the Dodd-Frank bill
Harcourt Investment Consulting, the Switzerland-based alternative investment solutions provider, says assets under management as of 30 June 2010 have reached USD4.7bn, corresponding to a growth of USD200m for the first half of 2010. The asset increase derives from existing as well as from new clients. The majority of these inflows were originated from institutional clients. In the first half of 2010, Harcourt launched Vonda Ucits, its first Ucits compliant fund of hedge fund. The fund combines CTA and macro investments with the benefits of the Ucits framework, which provides EU-regulated liquidity and diversification guidelines. The firm also launched Belmont Commodity

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