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Press Release – November 4-6, 2010: marcus evans Summits, is pleased to announce Daniel J. Mitchell as the Keynote Speaker at the Tax Officers Summit, taking place at the prestigious Red Rock Casino Resort and Spa in Las Vegas, NV.
The Tax Officers Summit (www.taxofficerssummit.com), provides a unique forum for service providers to gain access to leading tax executives throughout North America. Over three days, solution providers will meet and interact with senior tax executives through a number of one-on-one business meetings and many networking activities.
Daniel J. Mitchell, one of the world’s leaders in fiscal policy, will be presenting on “Fiscal Policy Challenges for the Business Community.” Also adding to this year’s cutting edge program, we have some of Tax’s leading minds speaking on relevant topics such as the current role of tax executives, tax credit investments, effective retention of talented tax professionals and affordable international tax reform amongst other key issues. Keynote Speakers also include the Honorable Dick Cheney, 46th President of the United States and Edward D. Kleinbard, Professor of Law.
This year’s Tax Officers Summit audience includes Chief Tax Officers, VP’s of Tax, and Directors of Tax as well as Sponsors offering services, technology and information to tax senior executives within market.
marcus evans Summits (www.marcusevans.com), produces high level business platforms for the world’s leading decision-makers. These dynamic and innovative forums initiate and develop business relationships one to one between director and C level practitioners from the world’s most influential organisations and with leading product and service suppliers. marcus evans Summit’s guarantees an exclusive format which enables participants to achieve the maximum amount of business and knowledge interaction over a three day event in a stimulating environment.
Please note that the Tax Officers Summit is a closed business event and the number of participants are limited.
Family offices might need to change their structure altogether as all of the new regulations for the private wealth management industry come into force, says Lee Unterman, Managing Partner at Kurzman Karelsen & Frank, LLP. A service provider company at the marcus evans Private Wealth Management Summit Fall 2010 in Las Vegas, Nevada, December 1-3, Unterman shares strategies for how family offices can prepare for the changes ahead.
What do you see as the main challenges for family offices in the near future?
Lee Unterman: Family offices face the business challenges of an uncertain economy and trying to deliver steady and stable returns. They also face challenges as increased regulation and increased operating costs drive them towards consolidation or a change in their corporate structure. Some single family offices either have or will become multi-family offices or will change their structure altogether when the latest regulatory changes come into effect.
Over the next 12 months, family offices will also face a number of legal questions due to the changing state of family office regulation and the Dodd-Frank financial reform bill including compliance, due diligence, the possibility of having to register, and the increased liability risks, all of which will add costs.
How can family offices prepare for the Dodd-Frank Wall Street Reform Act?
Lee Unterman: There is no best way to prepare for this as the US Securities and Exchange Commission (SEC) has not yet finally defined the family office exemption, although a proposed rule has just been published for comment.
Nonetheless, it would be prudent to consider a number of different competing factors. Most family offices want to keep their finances, intra-family and generational issues private. They need to consider the prospective ramifications of registering or changing their corporate structure. How will it impact their privacy and what are the costs involved? Should they use or form venture capital funds to take advantage of the venture capital fund advisor exemption? Would they fit into the private fund advisor exemption? Should they try to form a private trust company, subject to various state banking regulations and examinations?
Until the SEC clarifies the definition of the family office exemption, they need to consider the different options and discuss the pitfalls of registering and the structures that can be used to avoid registration, if that is what the family wants. If they have no concern about registering, I might also advise them to consider switching to a multi-family office model to spread their administrative and operating costs while keeping their eye out for due diligence issues even if they have third-party investment advisors managing their money.
What long-term strategies would you recommend?
Lee Unterman: Family office managers and directors should be guided by such words as due diligence and transparency. If they anticipate a requirement to register in the future, they should conduct their business in a transparent way now. Complying with laws is not hard. It is about understanding the rules and working with experts to accomplish business goals within the confines of those rules.
Author: Sarin Kouyoumdjian-Gurunlian, Press Manager, marcus evans, Summits Division
About the Private Wealth Management Summit Fall 2010
This unique forum will take place at the Red Rock Casino Resort & Spa, Las Vegas, Nevada, December 1-3, 2010. Offering much more than any conference, exhibition or trade show, this exclusive meeting will bring together esteemed industry thought leaders and solution providers to a highly focused and interactive networking event. The summit includes presentations on the new dynamics in federal tax policy, innovative asset allocation strategies, cutting edge techniques to evaluate and manage risks, and tips for educating the next generation in wealth management.
Please note that the summit is a closed business event and the number of participants strictly limited.
About marcus evans Summits
marcus evans Summits are high level business forums for the world’s leading decision-makers to meet, learn and discuss strategies and solutions. Held at exclusive locations around the world, these events provide attendees with a unique opportunity to individually tailor their schedules of keynote presentations, think tanks, seminars and one-on-one business meetings.
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About Kurzman Karelsen & Frank, LLP
KURZMAN KARELSEN & FRANK is a full service law firm which traces its roots back to the Civil War. The Firm engages in a variety of corporate, securities, litigation and real estate matters, including: mergers and acquisitions; private placements; regulatory filings; corporate governance and compliance issues, with a special emphasis on the financial industry and compliance with SEC and FINRA rules.
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Press Release - October 25-27, 2010: marcus evans Summits, is pleased to announce Kirby Connor as the Keynote Speaker at the Canadian Institutional Investments Summit, taking place at the prestigious Hilton-Lac Leamy, Gatineau-Ottawa, Quebec.
The Canadian Institutional Investments Summit (www.ciisummit.com), provides a unique forum for service providers to gain access to leading institutional investors across Canada. Over three days, service providers will meet and interact with senior executives from pension funds, foundations, endowments and financial institutions through a number of one-on-one business meetings and many networking activities.
Kirby Connor, one of the world’s leaders in fixed incomes and derivatives, will be presenting on “Outlook for the Fixed Income Market-Is This the Next Shoe to Drop?” Also adding to this year’s cutting edge program, we have some of investment’s leading minds speaking on relevant topics such as trends and restructuring of Canada’s pension landscape, liquidity and transparency, and dividend paying stocks amongst other key issues. Keynote Speakers also include Herve Ferhani, Deputy Director, Monetary and Capital Markets Department; Colin Carlton, Vice President, Investment Research and Risk Management; Panel Discussions include: Blair Richards, Chief Executive Officer; Audrey L. Robinson, Chief Investment Officer; Interactive Round Table Discussions include: Larry Armstrong, Senior Vice President and Managing Director; and Blair Richards, Chief Executive Officer.
This year’s Canadian Institutional Investments Summit audience includes Chief Investment Officers; Vice Presidents; Directors and Heads of Pensions, Asset Management and Allocation and Investment Strategy as well as Sponsors offering services, strategies, and information to senior investment executives within the institutional investment market.
marcus evans Summits (www.marcusevans.com), produces high level business platforms for the world’s leading decision-makers. These dynamic and innovative forums initiate and develop business relationships one to one between director and C level practitioners from the world’s most influential organisations and with leading product and service suppliers. marcus evans Summit’s guarantees an exclusive format which enables participants to achieve the maximum amount of business and knowledge interaction over a three day event in a stimulating environment.
Please note that the Canadian Institutional Investments Summit is a closed business event and the number of participants are limited.
New York, November 2, 2010 (HedgeCo.net) – The HedgeCo.Net (HCN) Hedge Fund Emerging Markets Index performed well last month at +4.03%, up from -4.31% in the last year. The HCN Index compared with the S&P500 at 3.00% – 3.99%, respectively.
The HCN Hedge Fund Aggregate Index averaged an annual return 0.60% compared to the S&P500 at 0.13%.
Some of the key findings include:
The Long Only Index peformed the best, up 6.15% in one month, 7.37% YTD. Down from 10.65% in the last year but up from than the 36 month average of -3.32%
HCN Total Hedge Fund Index is up 3.27% in one month, 6.25% YTD. Down from 8.45% in the last year and 16.00% in the prior 36 months
The HCN Market Neutral Index is at 0.60 compared to the S&P500 at 0.13%
Contact information:
Alex Akesson, Editor for HedgeCo.net
Email: alex@hedgeco.net
Phone: (561) 578 4435
About HedgeCo™ (HCN) Hedge Fund Indices
The HedgeCo.Net (HCN) Hedge Fund Indices are a group of equally weighted performance indices utilized by numerous hedge fund managers as a benchmark for their own hedge funds. Unlike asset-weighting utilized by some other indices, the equal-weighting of the HCN presents a more general picture of performance of the hedge fund industry. By weighting all funds equally, this helps to reduce any bias toward the larger funds potentially created by alternative weightings, especially for strategies that encompass a small number of funds.
Funds included in the HCN Monthly Indices must:
Report monthly returns
Report Returns Net of All Fees
Report assets in USD
Indices Notes:
All HCN Indices are equally weighted (not based on AUM size).
“Bad Assets” (ie. Funds which do not report their AUM) are not included in the HCN.
The HCN Indices are made “official” on the fifteenth of the month.
Both domestic and offshore funds are included in the HCN Indices.
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New York, October 6th, 2010 (HedgeCo.net) – The HedgeCo.Net (HCN) Hedge Fund Aggregate Index showed an average annual return of +7.14%, through July 2010, compared to the S&P500 which showed an average of +4.08%.
Some of the key findings include:
The HCN Long/ Short Index scored the highest with an Average Annual Return of 7.58%
With 8.58% the HCN Long Only Index ranked the second highest with YTD inflows of 1.16%.
The HCN Multi-Strategy Index is up 3.85% YTD.
Monthly Highlights:
The HCN Agressive Growth Index showed monthly gains of 0.62%.
The HCN Aggregate Index showed a higest monthly return of 5.17%.
The HCN Emerging Markets Index ranked the lowest at 0.08% average monthly gain.
About The HedgeCo™ Hedge Fund Index
The HedgeCo.Net (HCN) Hedge Fund Indices are a group of equally weighted performance indices utilized by numerous hedge fund managers as a benchmark for their own hedge funds. Unlike asset-weighting utilized by some other indices, the equal-weighting of the HCN presents a more general picture of performance of the hedge fund industry. By weighting all funds equally, this helps to reduce any bias toward the larger funds potentially created by alternative weightings, especially for strategies that encompass a small number of funds.
Funds included in the HCN Monthly Indices must:
Report monthly returns
Report Returns Net of All Fees
Report assets in USD
Indices Notes:
All HCN Indices are equally weighted (not based on AUM size).
“Bad Assets” (ie. Funds which do not report their AUM) are not included in the HCN.
The HCN Indices are made “official” on the fifteenth of the month.
Both domestic and offshore funds are included in the HCN Indices.
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HedgeCo.net (Press Release) – Lime Brokerage LLC, an independent high-volume agency broker and leading provider of high-throughput, low-latency technologies to the professional trading community, has launched comprehensive, high-speed options execution. This latest offering complements its market leading high-speed equities and futures trading capabilities.
Built upon the innovative, patent-pending technology that Lime has developed for the U.S. equities markets, the solution is fully integrated with Lime’s ultra-low latency Citrius™ options data. The high-speed offering aggregates data, execution, pre-order risk controls and clearing/reporting into a single platform.
Developed to address the growing need by high-volume traders for ultra-low latency options trading and data, the Lime options offering reduces through-box latency to low double-digit microseconds (1/1,000,000th of a second). This represents a significant reduction in latency over existing solutions, thereby ensuring that options traders receive optimal prices and fills.
Available options exchanges are BATS Options (BATS), Boston Options Exchange (BOX), Chicago Board Options Exchange (CBOE), International Securities Exchange (ISE), Nasdaq OMX Options (NOM), Nasdaq OMX PHLX (PHLX), NYSE Amex Options (AMEX) and NYSE Arca Options (ARCA).
Lime clients can directly access the options markets by co-locating within Lime’s data center in Jersey City. The data center employs dark fiber connectivity directly to venues and leverages Lime’s patent-pending hardware and software infrastructure that is engineered to ensure speed, throughput and high availability.
Jeff Wecker, President and CEO of Lime Brokerage states that “an increasing variety of trading strategies now require the lowest data and execution latency to maximize options trading opportunities and improve execution quality.”
“What happened in the equities space is now occurring in options, and those traders still using older, slower, screen-based technologies are being marginalized by more competitive traders leveraging the most up-to-date tools and technologies available.”
About Lime Brokerage
Providing customers with performance-engineered trading solutions that deliver speed, scale and reliability is the hallmark of Lime Brokerage. Lime integrates world-class advanced execution technology with clearing and reporting services for seamless support of the most complex, automated and high-volume electronic trading strategies. Our technology and trading platform allows our customers to access an independent, agency-only system to trade quickly, reliably and anonymously on multiple exchanges, ECNs and trading venues. Clients include professional traders, hedge funds, asset managers and broker-dealers. For more information about Lime Brokerage, please visit www.limebrokerage.com or email
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New York – (HedgeCo.net) – New York based institutional investment research company, Carbon 360, conducted a survey of third party marketers as well as capital introductions groups titled “Capital Introduction Trends in 2010”, to investigate the most sought after strategies, sourcing trends and due diligence concerns while asking how the industry might evolve over the next five years.
The survey showed that the investor base is now dominated overwhelmingly by institutions, family offices, and pension funds. Investors have also developed a taste for Global strategies in addition to traditional long/short funds, the survey found.
While performance remains a primary concern, transparency and risk management have grown to become critical concerns for investors.
“As hedge funds go, so goes the capital introduction industry.” Evan Rapoport, CEO of HedgeCo Securities LLC, said. “In that mode of thought, transparency and risk management are the popular trends. If we can work with regulators to legitimize the industry and overcome the scandalous actions of a select few, I am all for it. This will be a major theme ongoing.”
“I expect institutional investors to be more receptive to newer managers, fee structures to remain stable, and foreign investors to invest more in the US and vice versa.” Rapoport said, “Europe should lose market share to Asia, and new markets will open up as countries move from developing markets to developed markets. Proprietary trading and hedge funds owned by large US banks will most likely weaken or disappear under the current administration and, more importantly, current US economy sentiment, leading to opportunities for independent investment management companies. Overall, I expect 2010 to build on the strength of the latter half of 2009.”
West Palm Beach, FL July 17, 2008 — HedgeCo Networks has just launched the next chapter within their network of companies, HedgeCo Employment Solutions. As a top tier recruiting firm, HedgeCo Employment Solutions secures the finest candidates in the hedge fund and financial services industry and matches them to corresponding employers.
HedgeCo Employment Solutions is unlike other recruiters and staffing agencies in many regards. It is more than just a database of qualified candidates. It is an extended network of potential employees, found only through HedgeCo’s existing relationships that extend deep into the hedge fund community.
Through years of experience working in the financial field, HedgeCo has built and maintained relationships with individuals from all sectors within the industry. These candidates may not even consider themselves available and won’t be found on job boards or employment websites. However, they have aligned themselves with HedgeCo to present premier opportunities to them should they occur.
“Clients trust our ability to facilitate that perfect ‘fit.’ Employers come to us with the expectation of securing highly sought after candidates and employees come to us knowing that we have the tools to take their careers to the next levels,” says Evan Rapoport, Managing Partner for HedgeCo Networks.
“Extensive screening and background checks are all a part of the diligence process applied to every applicant. By the time the candidate reaches the potential employer, a rigorous discovery process has already taken place along with a compatibility assessment, ” states Matthew Deering, Managing Director of HedgeCo Employment Solutions.
Fields of placement include hedge funds, private equity, venture capital, investment banking, fund marketing, compliance, wealth management and human resources, to name a few. Positions include analysts, portfolio managers, traders, CFO/COO, business development leaders and numerous others that span the entire spectrum of the hedge fund industry.
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New York, NY (PRWEB) May 29, 2008 — HedgeCo Networks and LJH Financial Marketing Strategies announced today a partnership to provide comprehensive marketing and investor relations services to the global hedge fund industry and related financial sectors.
The new partnership offers a comprehensive financial marketing platform designed to develop and manage hedge fund brands through the use of regulatory compliant collateral. HedgeCo-LJH specializes in website design and construction, corporate identity/logo design, marketing collateral, marketing research, thought leadership, and event support. Overall, the goal is to help clients raise assets and visibility.
The HedgeCo-LJH partnership will allow clients to leverage the services of each firm to remain competitive in the alternative investment industry
“The HedgeCo-LJH partnership will allow clients to leverage the services of each firm to remain competitive in the alternative investment industry,” said Evan Rapoport, managing partner of HedgeCo Networks. “Hedge fund managers and operators are able to outsource their marketing needs to better focus on their core business.”
New York, NY (PRWEB) April 30, 2008 — HedgeCo Networks LLC has received its first major outside investment from Inter-Atlantic Group, a private equity firm specializing in the financial services sector. The capital will be used by HedgeCo to expand business operations in both their New York City and West Palm Beach locations, as well as to break out into new verticals of the hedge fund industry.
“We are extremely excited that Inter-Atlantic has taken an interest in us, and are eager to take HedgeCo to the next level,” says Evan Rapoport, Managing Partner and Co-Founder of HedgeCo Networks. “The vote of confidence that they’ve instilled in us further fuels our existing drive to be the leading name in the hedge fund service industry.”
Inter-Atlantic currently invests in a handful of small to mid-size companies. The companies are chosen after a careful evaluation and determination of potential growth and market reach.
West Palm beach, FL (PRWEB) March 27, 2008 — HedgeCo LLC, an elite name in the hedge fund service industry, announced today a strategic relationship with International Financial Administration US LLC. This alliance will offer clients of IFA the use of the HedgeCo Websites Platform, thus increasing their Internet presence and expanding the selection of services available to them.
“Clients of IFA will benefit from the vast experience of the HedgeCo management team’s resources including web-site management, marketing and capital introduction,” says Dan Hart, Principal at IFA.
IFA and HedgeCo currently work together with their hedge fund clients to assist in growing their assets under management and providing their investors with reliable and accurate information regarding their investments.
New products being offered through this agreement include the HedgeCo Hedge Fund Website platform, the Hedge Fund Calculator analytics tool, and the opportunity to integrate with HedgeCo.Net, the premier hedge fund Internet portal and database.
West Palm Beach, FL (PRWEB) February 28, 2008 — HedgeCo LLC, a premier name in the hedge fund database, consulting and service industry, announced today a strategic relationship with Spicer Jeffries LLP.
This partnership was designed to give clients of Spicer Jeffries access to the HedgeCo Hedge Fund Websites Platform thus increasing their Internet and global presence.
The survey showed that the investor base is now dominated overwhelmingly by institutions, family offices, and pension funds. Investors have also developed a taste for Global strategies in addition to traditional long/short funds, the survey found.
