Fortis announced a few appointments for its US, European and Asian operations. Mr. Michael J. Scanlon joined Fortis Fund Services as Managing Director, Marketing and Sales (US). Prior to joining Fortis Mr. Scanlon was a senior sales and marketing executive
Man Group announced today that its most recent global launch, Man IP 220 Series 4 Ltd ("Series 4") has raised over $670 million of client money. It says this is a record for a single product offering. The original Man
Jim Wise and Chris Dillon, formerly of JPMorgan's Proprietary Municipal Desk, have launched BTP Capital, a hedge fund that focuses on relative value and arbitrage trades in the tax exempt markets. BTP Capital's relative value municipal fund is set to
The fall in markets has now persuaded many UK pension funds to look seriously at hedge funds. Or so says Bobby Riddaway, senior investment consultant at HSBC Actuaries and Consultants Limited, the actuarial, pension administration, employee benefit insurances, accountancy and
Liberty Ermitage Group has today announced that the Liberty Ermitage European Absolute Fund, a fund of European hedge funds launched in November 1999, has achieved an average annual return of +12.3% since inception against an average annual index performance of
Canadian pension plan sponsors continue to reduce their investment in both domestic equity and fixed income and to diversify their portfolios. The effects include a growing utilization of specialty managers, an inclination toward re balancing, and salary gains for pension
Hedge funds followed by the Hennessee Hedge Fund Advisory Group produced a negative return of 1.30% in September, says the consultancy. But they still did better than the markets, and short biased hedge funds unsurprisingly were up. Though the Hennessee
Platinum Capital Management, the international financial investment group has announced that strong demand for its new product, the Platinum Washington Fund Ltd, has led to only $150m further investment capacity being available to new and current investors. The demand for
Forum Financial Group announced today that Century Capital Management had expanded its relationship with the firm to include providing it with transfer agency services. Century Funds have been a Forum administration and distribution client since 2000. When Century first opted
Hedge funds were up 0.53 per cent in August, according to the Hennessee Hedge Fund Index produced by the Hennessee Hedge Fund Advisory Group consulting firm. But it was not enough to beat long only fund managers. Though hedge funds