29 Jul 2010
Partnership in a changing world
With offices in Grand Cayman, Ireland and the US, Admiral Administration continues to forge partnerships with small and start-up hedge…
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AIC board elects Sarah Bates as next chairman
The board of the Association of Investment Companies has elected Sarah Bates to be the new chairman succeeding Carol Ferguson. Bates will…
Guernsey plans timing for move to automatic exchange of information
Guernsey’s government plans to give financial institutions a window from 1 January 2011 to 1 July 2011 for moving to automatic exchange of…
Absolute return sector favours equity and multi-asset strategies
Fund managers are increasingly turning to equity and asset allocation as the number of fixed income funds in the absolute returns sector…
BP spill has implications for oil prices and alternative energy, says ETF Securities
The BP oil spill in the Gulf of Mexico has potentially large implications for the energy sector with the cost of the spill being estimated…
28 Jul 2010
Battenkill to sub-advise Hatteras Alternative Mutual Funds
Battenkill Capital Management, a Princeton, New Jersey-based investment adviser, has been engaged as a sub-adviser by Hatteras Alternative…
Appleby expands funds and investment services team
Offshore law firm Appleby has appointed Christian Victory as an associate in its funds and investment services team. Victory, who joined…
Secondary market rebounds from May’s low
The average price for assets on the secondary hedge fund market rose to 78 per cent after shaking off some of the fallout from May’s…
FRM Capital Advisors enters relationship with Varna Capital
FRM Capital Advisors, the hedge fund seeding division of Financial Risk Management, and Varna Capital have formed a relationship which…
Alpha Strategic income rises to GBP441,000
Alpha Strategic, which delivers hedge fund fee revenue to the public market, saw its revenue rise to GBP441,000 in the year ended 31 March…
Sascha Bloemhoff appointed managing director of Climex
Sascha Bloemhoff has been appointed as managing director of Climex, a pan-European organisation which provides a marketplace for trading…
Morningstar 1000 Hedge Fund Index down 0.3 per cent
The Morningstar 1000 Hedge Fund Index fell 0.3 per cent in June, ending the quarter with a 3.6 per cent loss and down 2.2 per cent for the…
CFTC charges three with destroying records and failing to supervise staff
The US Commodity Futures Trading Commission has filed an enforcement action charging Chicago-based New World Holdings with destroying…
Global Distressed Fund among BarclayHedge top ten
Global Investment House says the Global Distressed Fund was ranked sixth in the fund of funds – distressed securities/event driven category…
27 Jul 2010
UBP records net earnings of more than CHF100m in first half
Union Bancaire Privée had net earnings of CHF103.3m (USD95.6m) at the end of the first half of 2010, in line with expectations.UBP…
