Hedge funds posted gains in November as equities traded in a wide intra-month range following the US Presidential election and as global financial markets focused on the US fiscal cliff. The HFRI Fund Weighted Composite Index gained 0.35 per cent
Phoenix Investment Adviser, a private investment firm that specialises in high-yield corporate debt, has increased its assets under management by almost 40 per cent year-over-year, managing over USD530m as of 1 December. This robust growth, coupled with ongoing interest from
Michael Singer has joined Ramius as chief executive officer reporting to Peter Cohen. Singer will be responsible for overseeing and managing the day-to-day operations of Ramius. Thomas Strauss will become chairman of Ramius and vice chairman of Cowen Group, with
Guernsey’s position as a leading fund domicile has been further endorsed by a series of new administrators and managers establishing a presence in the island. J.P. Morgan and BNY Mellon have both added their names to the roster of fund
The Citco Group of Companies, (Citco), a provider of asset servicing solutions to the global alternative investment industry, is partnering with S3 Partners, to integrate the data analytics firm’s BLACKLIGHT Treasury Management solution into its offering. S3 Partners’ real-time, independent
The loss of Bear Stearns, Lehman Brothers and Merrill Lynch from the ranks of independent competitors in US equity research gave a boost to smaller providers, including mid-sized and regional brokers, sector specialists and independent research providers. However, according to
The Depository Trust & Clearing Corporation (DTCC) is planning to strengthen intraday settlement finality in the US financial markets by proposing the implementation of major structural changes in the settlement of equities, corporate debt and municipal debt securities over the
Peter Clarke, chief executive of Man Group, has advised the company of his intention to retire as chief executive and to step down from the board on 28 February 2013. Following a rigorous evaluation process conducted by the board,
By James Williams – What is evident among the top-tier prime brokers is the emphasis they place on helping clients and their end investors do their best work. That starts with the quality of the prime brokerage offering, the safety
Barely recovered from the turbulence resulting from the credit crunch and the global economic downturn, the alternative fund industry is now on tenterhooks awaiting the outcome of negotiation
