In a move designed to cut costs at F&C Asset Management, Jeremy Charles, the operations director of the hedge fund division of F&C, Thames River, will be leaving his position. The removal of Charles is part of an overall overhaul at F&C orchestrated by Executive Chairman Edward Bramson. Charles became the operations director at Thames…
Category Archives: In the News
Credit Suisse Asset Management Announces New Liquid Alternative Fund
The Credit Suisse Liquid Alternative Fund has been launched, according to the finance group’s Asset Management Division. The new fund is aimed at providing hedge fund-like returns but with daily liquidity, more transparency and 1099 tax reporting. Jordan Drachman of Credit Suisses Alternative Beta Strategies said: “Hedge funds offer the potential to improve diversification and…
Ian Bowell Named New Head of Options IT’s Technology Engineering in the US
Options IT recently named Ian Bowell as the head of its North American technology engineering, networking and support teams. Bowell will also be responsible for managing the Options PIPE Private Financial Cloud services in the area. Bowell has more than 25 years of experience, having served as the chief technology officer at Fauchier Partners, as…
Hedge Funds Care Raffles New Fisker Karma Sedan
The Hedge Funds Care Midwest Committee of Hearts is preparing for its “Open Your Heart to the Children” benefit during which it will raffle one of the world’s new high-style luxury electric car. The event celebrates the 10 years spent by the HFC Midwest in an effort to prevent and treat child abuse. In addition…
Deutsche Bank’s Alternative Fund Services Wins ‘Best Fund Administrator’ Award
Alternative Fund Services of Deutsche Bank was recently honored with a ‘best fund administrator’ award at the Hedge Fund World Middle East Awards 2012 Ceremony. The ceremony works to celebrate organizations with “unparalleled ability,” and “continually set standards of excellence in the industry.” The Best Fund Administrator award is decided based on variety of products…
John Authers on Recent Wall Street Developments
John Authers, senior investment columnist for the Financial Times, recently discussed the conclusion of the U.S. banking’s earning season, as well as the most recent proceedings on Wall Street with investment banking correspondent Daniel Schaefer. Authers asked Schaefer whether the negativity towards investment banks (shown in the above chart) has been overdone. “There’s not a…
High Water Women Launch 7th Annual Casino Night
High Water Women, a small group of women from the hedge fund community, are preparing to launch their 7th annual Casino Night in support of a charity that provides volunteer opportunities for women and youth. With more than 2,300 members throughout the financial services sector, High Water Women has partnerships with 15 charitable foundations. Named…
Investors Surprised as Alcoa Posts Gains
As global markets for aluminum improve in the automobile and aerospace industries, Alcoa Inc showed significant improvement in profits for the first quarter of 2012, after posting losses at the end of 2011. In the face of analysts’ predictions that Alcoa Inc would come away from 2011’s first quarter in the red, the gains stimulated…
Stonehenge Asset Management to Launch New Hedge Fund
Stonehenge Asset Management, also known as SAM, recently announced its plans to launch another multi-strategy hedge fund, called Stonehenge Diversified III, over the next couple of months. SAM’s Steven A. Michael explained that Stonehenge Diversified III is an extension of the original hedge fund Stonehenge Diversified I. However, the firm may reject investors who are…
Leveraged Loans to Get New Supervision Rules from US Regulators
Three important US banking regulators are asked for public comment on new and tougher guidelines for high-risk, high-yield loans submitted yesterday. “While there was a pull-back in leveraged lending during the crisis, volumes have since increased, while prudent underwriting practices have deteriorated,” said the three overseers in a joint statement. The Federal Reserve, the Federal…