Dutch hedge funds gained an average 0.2 per cent in July, as measured by the Finles/IEX Dutch hedge fund index, despite their very cautious positioning. Most quantitative strategies and macro funds showed losses due to the sudden positive momentum in the markets. Most equity related fund benefited from stock market gains. The five funds with the best July performance were: Trade Wind Equity Fund; Fonds Bloemendaal; Aster-X Panorama Fund; Branta Solutions Fund; and Henderson Global Currency Fund. The five funds with the best year-to-date performance are: Trade Wind Equity Fund (+23 per cent); QTR Fund (+16 per cent); HIQ Invest Market Neutral Fund (+ten per cent); Fonds Bloemendaal (+nine per cent); and All Markets Fund (+seven per cent).
On 6 September 2010, In Alternative Investments, Hedge Funds, By staff
On 6 September 2010, In Alternative Investments, By staff
The case for metals remains not that of outright inflation but that of central banks prolonged liquidity drives. Currencies will gain/fall versus one another without any major trends, but metals (especially gold and silver) will likely chart new highs as central bank asset purchases are inevitable.
Rising metals remained the consistent play over the past 2 months, supporting my near-term gold outlook for $1270/oz and $1,330 by Q4. Meanwhile, Silver finally breaks the $19.80 ceiling to attain its highest level since March 2008. Unlike gold, silver has yet break its 2008 record high of $21.35/oz. Players are gauging this level with high interest. Each time golds rise hits the headlines, it steels the limelight from it cheaper cousin, silver. But as the charts show below, silver has not only followed closely on the rallies, but usually outperformed gold during the general advances in metals as shown via the falling Gold/Silver ratio below. (more…)
On 3 September 2010, In Alternative Investments, Job & Careers, By staff
An affiliate of The Wicks Group, a New York-based private equity firm, has buyed Antenna Audio from Discovery Communications. Antenna focuses on the production and delivery of educational content for use in multimedia and mobile tours for museums, exhibitions, historic sites and visitor attractions throughout the world. Antenna operates in over 20 countries and in multiple languages at more than 350 museums and cultural sites. Last year, Antenna provided over 20 million audio and multimedia tours
On 3 September 2010, In Alternative Investments, Job & Careers, By staff
Chilton Investment, an investment management firm with approximately USD6bn in assets under management, has appointed Frederic Gautier as portfolio manager of its European equities strategy. The firm commenced its European equities strategy in 1999. Gautier is a veteran money manager who spent 11 years of his career, from 1994-2005, at Fidelity Investments in London, where he managed over USD5bn in assets in a number of Pan European funds. In 2006 Gautier was nominated as a portfolio manager at Theorema Asset Management. For four years he helped to manage the assets of the firm’s long/short Pan European equities fund.
On 3 September 2010, In Alternative Investments, Job & Careers, By staff
Brookfield Asset Management has nominated Chris Harris as client relations manager for the private funds group. Harris will be responsible for Brookfield’s relationships with investors in the western US. Prior to his nomination, Harris served a director in the private placement team at Macquarie Capital for three years, working on development of new funds and overseeing client investments in real estate, private equity and infrastructure. Before that, he spent two years as director of institutional marketing at Citi Property Investors.
On 3 September 2010, In Alternative Investments, Job & Careers, By staff
Ladenburg Thalmann Financial Services has concluded its acquisition of Premier Trust, a provider of wealth management services, including trust administration, estate and financial planning, custody and investment services. Founded in 2001, Premier is headquartered in Las Vegas, Nevada, with assets under administration of approximately USD530m. Working in combination with a client’s other legal and professional advisers, Premier professionals assist with every aspect of planning, including retirement, income and estate taxes, succession of the family business, transferring assets to future generations and asset protection.
On 3 September 2010, In Alternative Investments, Job & Careers, By staff
Credit Suisse and UBS have been nominated as the 2010 Greenwich share leaders in European equity trading, with each firm boasting a market share in excess of 11 per cent of overall institutional trading volume in European stocks. These two firms were also named Greenwich quality leaders in European equity trading, along with Bank of America Merrill Lynch and Deutsche Bank. Greenwich says competition for trading business in European equities is intensifying after a number of major brokers invested in the business just before an unexpected decline in institutional commission brokerage payments on trades of European stocks.
On 3 September 2010, In Alternative Investments, Job & Careers, By staff
KPMG has nominated James Dimech DeBono as an associate partner in its financial risk management practice. DeBono will be responsible for setting up a team to focus on supporting investment managers, funds and other financial institutions in the preparation of valuations of their portfolios.The team will comprise quantitative finance and valuation professionals with advanced degrees in quantitative disciplines and significant practical experience in the analysis and valuation of portfolios of “hard-to-value” and illiquid securities.
On 2 September 2010, In Alternative Investments, Private Equity, By staff
American Beacon Advisors, a provider of investment advisory services to institutional and retail markets, has added the American Beacon Evercore Small Cap Equity Fund to its family of mutual funds.The fund intends to achieve long-term capital appreciation. Its sub-adviser, Evercore Asset Management, uses a fundamental, bottom-up investment approach along with proprietary valuation models. Since the firm’s founding in 2005, Evercore has focused exclusively on building concentrated portfolios of small- and mid-cap equities. Chris Fasciano, chief investment officer, and Tim Buckley, senior portfolio manager, have primary responsibility for the fund’s day-to-day management.
On 2 September 2010, In Alternative Investments, Job & Careers, By staff
Family Office Exchange has nominated Thomas J. Reilly as chief operating officer to oversee daily operations and guide deployment of digital systems that deliver the firm’s knowledge to members.”Tom brings to Family Office Exchange a wealth of entrepreneurial, operations, learning and knowledge systems experience,” says Sara Hamilton, the firm’s founder and chief executive, to whom Reilly will report. “He will help us improve the usefulness of our 21 years of knowledge and experience in working with sophisticated individuals and families around the world. Family Office Exchange members will have around-the-clock access to answers they cannot get anywhere else about family wealth management.”
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