Hedge Fund Strategy
Hedge Fund Advisor Gemini Expands With Nine Funds
Hedge fund advisor Gemini Fund Services, LLC., has announced the expansion of the Northern Lights Variable Trust (NLVT) with the addition of nine funds throughout 2011, the NLVT now comprises 14 funds in total, with over $380 million in assets. “Gemini is committed to providing our advisors with solutions to bring successful investment vehicles to [...]
US Investor Acquires 2.4 Billion UK Hedge Fund Group
$351.7 billion US investment manager, Federated Investors, Inc., is acquiring Prime Rate Capital Management from UK hedge fund, Matrix Group Limited. Prime Rate Capital Management’s family of UCITS hedge funds include: Prime Rate Sterling Liquidity Fund, Prime Rate Euro Liquidity Fund and Prime Rate US Dollar Liquidity Fund. Together worth approximately GBP 1.5 billion ($2.4 billion.) “The agreement will [...]
J.P. Morgan Lays Off Three Senior Hedge Fund Execs
AR Magazine reports that J.P. Morgan’s hedge fund, Highbridge Capital Management, has laid off three senior execs, including two portfolio managers, as its long/short fund continues to struggle. The dismissals were confirmed by two people familiar with the firm who preferred to remain anonymous, AR said. With its $1.8 billion long/short equity fund down 12.6% [...]
SYZ & CO Global High Yield Launch
Swiss banking group SYZ & CO has launched the OYSTER Global High Yield, a new fund of hedge funds investing in high yield fixed income investments. OYSTER Global High Yield is managed by hedge fund, a high yield manager based in the US with an excellent track-record. The fund, run by US group Seix Investment [...]
Swiss Hedge Fund Firm Collaborates With UBS For New Launch
SYZ & CO, affiliate SYZ Asset Management, is supplementing its alternative management offering with a managed accounts platform (segregated funds), which is now available in addition to its existing tailored alternative mandates and funds of hedge funds. SYZ Asset Management intends to make this new service a benchmark in its field. The platform, which is [...]
Industry Insight From The Mizuho-Eurekahedge Index
Coinciding with the launch of the Mizuho-Eurekahedge Index, the first Mizuho Eurekahedge Indices Analysis Report has been released. The report examines global hedge funds through the lens of the Mizuho-Eurekahedge Index, which gives a fresh perspective on the hedge funds industry. This is because the new index is what is known as ‘asset weighted’ and [...]
A Guide to Technology Outsourcing for Hedge Funds
Hedge funds are looking to expand their offerings and enhance productivity in today’s economy, and one means for this is outsourcing. The 24-page guidebook, A Guide to Technology Outsourcing for Hedge Funds,was created by Pershing Prime Services and Eze Castle Integration to serve as a roadmap for hedge fund managers looking to understand the various options [...]
Fall 2011 M&A Hedge Fund Industry Outlook
Madison Street Capital’s Asset Management Industry Focus Group released its Fall 2011 Merger and Acquisition (M&A) Outlook- Hedge Fund Industry, focusing on the current deal environment, buyer/seller considerations, minority interest investments and future M&A drivers. “The transaction activity in the hedge fund industry, as indicated by both the number and size of completed transactions, can best [...]
Hedge Fund Launch: The Man Long-Short Fund
Hedge fund provider with $65 billion in assets under mamagement, Man Group plc, has launched a new long/short equity fund of hedge funds (FoHF). “Equity investing has evolved since the 1970s from mutual funds, to style box investing, ETFs, and short-extension strategies. While long/short equity is not a new strategy it has now become a widely [...]
BNY Hedge Fund Whitepaper: ‘Filling the Void: Transparency and the Rise of Custodian Banks’
In a new opinion piece, BNY Mellon CEO of Alternative and Broker-Dealer Services Brian Ruane argues that recent industry and economic events will see custody banks continue to play a larger role providing services to hedge funds that previously were the sole domain of prime brokers. The paper, ‘Filling the Void: Transparency and the Rise [...]
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