Institutional investment managers are optimistic on the economy. A vast majority (83%) expect corporate earnings to increase in the coming quarter and 84% believe global growth will accelerate in the next six months. Read more...
Independent investment manager Aros Capital Partners, a London-based Anglo Danish company, has launched Aros Paradigm Fund SICAV, a single strategy global asset allocation fund. Both the fund vehicles and management company are domiciled in the European Union, making it a complete onshore hedge fund structure but not constrained by Ucits III. The structure has gained the approval of three regulators - teak Financial Services Authority (FSA) regulating the sub-adviser, the Maltese Financial Services Authority (MFSA) which regulates the investment fund and manager and the Danish regulator (Finanstilsynet). Read more...
The Credit Suisse/Tremont Hedge Fund Index is expected to finish up 2.67% in September based on 65% of assets reporting). Long/short equity and emerging markets managers had another positive month driven by equity market gains in September. Read more...
Thomson Reuters has expanded its hosting platform in order to provide high performance liquidity discovery and execution support. Together with Savvis, Thomson Reuters is to launch a series of resilient, scalable, performance tuned data centres including New York, Chicago, London, Frankfurt, Tokyo and Singapore. Read more...
Nedgroup Investments has selected JP Morgan Asset Management as the new manager of its Global Cautious Fund as it opens investment up to the South African market. The fund was initially launched in November 2008 with Bank of New York (BNY) Mellon Newton as fund manager. Read more...
The British Virgin Islands Financial Services Commission has announced an electronic reporting system for filing annual fund returns. The move will facilitate its regulation and monitoring of the British Virgin Islands (BVI) funds industry and will provide a more efficient and secure environment for filing annual returns, according to offshore legal firm Conyers Dill & Pearman. Read more...
Man Group has reported strong sales of $5.7 billion for the last six months, including $2 billion in the second quarter, according to the company's pre -close trading update. In its funds under management statement for the six months ending September 30 2009, the group reported total funds under management estimated at $43.8 billion for the period. This is a rise of around $500 million compared with $43.3 billion as at June 30, 2009. Read more...
Lyxor has added an additional nine hedge funds to its investment universe. The Lyxor managed account platform replicates over 100 of the industry's top-rated hedge funds. Lyxor's advanced managed account model is based on full segregation of assets, independent valuation, independent risk management, as well as enhanced transparency, liquidity and reporting. Read more...
Investment management company York Capital has launched an events-driven fund using the Bank of America Merrill Lynch's Ucits-compliant platform. The fund was launched on July 29 this year and has raised $100 million in assets under management (AUM) to date. Read more...
Hedge Funds Review has decided to extend the deadline for entries for its European Fund of Hedge Funds Awards to September 23. Although there has been a positive response, many FoHFs have asked for more time. Read more...
