Prudential Fixed Income has been appointed as the collateral manager for the Dryden 30 Senior Loan Fund, a recently closed USD516.4m collateralised loan obligation. Prudential Fixed Income is the principal public fixed income asset management business of Prudential Financial.
ABS Investment Management, a global equity long/short fund of hedge funds manager with over USD3.75bn under management, has launched its first commingled emerging markets equity long/short fund of hedge fund product. Founding principal Alain De Coster says: “The fund will
The Dow Jones Credit Suisse Hedge Fund Index fell for a second straight month, finishing down 3.20% in September versus a monthly loss of 9.88% for the Dow Jones Global Index. Oliver Schupp, President of Credit Suisse Index Co, LLC,
The Hedgeweek team is taking its customary seasonal break from 24 December and will reopen on Tuesday 3 January. Best wishes of the season to all our readers.
The Depository Trust & Clearing Corporation (DTCC) has launched a global, over-the-counter (OTC) interest rates derivatives trade repository. DTCC’s Global Trade Repository for Interest Rates for this USD553.8 trillion market (approximately EUR414 trillion or GBP356 trillion) will be based in
Channel Capital Advisors has launched a high yield catalyst fund, which aims to generate net returns of 10 to 12 per cent with low volatility and little correlation to the major markets. The fund invests mainly in liquid bonds, equity
Equity market neutral, macro and volatility strategies are likely to be the most popular allocations in the next six months, according to a survey by Alix Capital, the Geneva-based provider of the Ucits Alternatives Index family of indices. The Ucits
Private market advisory firm Somerset Capital has appointed Michelle M Donabedian as a partner. Donabedian is an experienced hedge fund marketer with a background at BlueBay, CQS, Credit Suisse, Tremont, and Man Investments. Somerset Capital’s Jill Hodges (pictured) was one
Fusion Asset Management has launched the Fusion FX Liquidity Hedge service for corporate clients. Fusion has been implementing this service for financial institutions since 2009 and is expanding into the corporate space due to demand from leading European corporations. Kirill
The Securities and Exchange Commission (SEC) has recently unleashed a powerful new screening tool, Aberrational Performance Inquiry (API), to identify possible fraudulent valuations and misreported returns by hedge fund managers reporting above benchmark returns. Axiom Valuation’s AIRAS capability can protect
