All news

Seed

Atlantic, Montage and Palmer Square to seed emerging hedge funds

Atlantic Asset Management, Montage Asset Management and Palmer Square Capital Management have formed a joint venture to make seed investments in hedge funds. »

UK flag

Institutional investors boost UK fund sales

Institutional investors played a major role in boosting UK fund sales in the second quarter, a report by Lipper FMI shows. »

James Dailey, chief investment officer for Team Financial

Huntington to administer Team Asset Strategy Fund

Huntington Asset Services has been selected by Team Financial Asset Management to administer the adviser's first mutual fund offering, Team Asset Strategy Fund. »

Euros

European fund sales still labouring in the red

Total sales of European funds were negative EUR14bn in June, owing to an outflow of EUR30bn in money market funds, according to a report by Lipper FMI. »

Crystal ball

Strong performance of high yield bonds to continue, says Newton’s Chadha

Parmeshwar Chadha, manager of the Newton Global High Yield Bond Fund, expects to see strong returns from high yield corporate bonds over the coming year. »

Joanne De Laurentiis, IFIC president and chief executive officer

Canadians who choose financial advice accumulate more assets, says IFIC

Most Canadians choose financial advice and, when they do, they accumulate more assets and are better financially prepared for retirement, a report by the Investment Funds Institute of Canada says. »

Morten Spenner, chief executive at International Asset Management

Market conditions to benefit long/short equity and credit managers

Morten Spenner, chief executive at International Asset Management, believes credit and equity market conditions bode well for security selection and should in particular benefit long/short equity and credit managers. »

Index

S&P launches indices measuring risk premium between asset classes and markets

Standard & Poor’s has launched the S&P Factor Indices, which seek to measure the risk premium inherent between asset classes and financial markets, creating a means for investors to track the spread between a long and short sub-index.  »

Argentina flag

Copernico re-launches Argentina Fund

Copernico Capital Partners, an investment manager focused on Latin America, has re-launched its opportunistic fund, Copernico Argentina Fund. »

Century City, California

Belmont Capital Group launches in California

Stephen Solaka and Daniel Beckwith have formed Belmont Capital Group in Century City, California. »

Handshake

Perkins hires former consultant as client portfolio manager

Perkins Investment Management, a manager of value investing strategies, has appointed former Callan Associates vice president Ron Zia as client portfolio manager. »

People shaking hands

Scout Investment Advisors hires chief executive officer

Scout Investment Advisors, a wholly owned subsidiary of UMB Financial, has appointed Andrew Iseman as chief executive officer. »

Commodities

Credit Suisse Commodity Benchmark chosen for new Pimco mutual fund

The Credit Suisse Commodity Benchmark has been designated as the benchmark for a new US mutual fund launched by investment manager Pimco. »

Risk

Secured Life Fund offers lower risk than traded life policies, says Walters

A new income producing asset class based on securitising loans underpinned by US life insurance policies presents investors with considerably reduced risk when compared to securitised life settlement funds, says Andrew Walters, finance director for the Secured Life Fund. »

Trader

Hedge fund trading volumes up 36 per cent

Hedge funds are quickly regaining some of the clout they lost in US fixed income markets during the market meltdown, a study by Greenwich Associates suggests. »

Man with laptop

Carbon360 launches the Fund Administration Market

Research and consulting firm Carbon360 has launched the Fund Administration Market, a service designed to aid fund managers with the selection of fund administrators. »

Evan Schwartzberg, chief executive of Odeon

Odeon Capital Group forms joint venture division in London

Odeon Capital Group is expanding into the international broker-dealer marketplace by partnering with Hobart Capital Markets to form a new joint venture division in London, Odeon Hobart Partners. »

Anthony Rochte, senior managing director at State Street Global Advisors

State Street to sub-advise Lincoln’s variable life and annuity solutions

State Street Global Advisors has been selected by Lincoln Financial Group to sub-advise variable life insurance and variable annuity investment options, which employ a tactical asset allocation strategy and invest in a range of investment solutions. »

Diana Chan, chief executive officer, EuroCCP

J.P. Morgan joins EuroCCP as general clearing participant

J.P. Morgan has become a general clearing participant in EuroCCP, which provides clearing and settlement services for a range of European markets. »

Handshake

Jefferies expands equity capital markets group

Securities and investment banking firm Jefferies has appointed Kamlesh Bhatia as a managing director responsible for private placement origination within the firm’s equity capital markets group. »