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New York (HedgeCo.net) – Swiss-based Palladio Alternative Research Group has started operations in August 2009 via its first Geneva-based subsidiary.
Designed to provide outsourcing solutions for hedge fund research and due diligence, Palladio Alternative Research Group will be headed by Sarah Clar-Boson, founding partner and a former Senior hedge fund analyst at Optifin SA and UBP Alternative Asset Management Group.
The firm’s two other partners include successful established hedge fund entrepreneurs: Christophe Reech, CEO and Chairman of Reech AiM Group, recently awarded Emerging Manager of the year 2009 by Institutional Investor, and Jean-Marc Emden, CEO of Nassau-based Autana Capital, who has extensive experience in alternative investments since 1992.
In addition, Palladio Alternative Research Group has set up strategic agreements with Lotus Peak Capital PTE Ltd (Singapore) for Asian research coverage and with Castle Hall Alternatives (Canada) for detailed operational due diligence upon request.
“The opportunity set for unbiased, professional hedge fund advice and analysis is a direct outcome of the 2008 crisis, given the obvious conflict of interests between advisory and investment, the Madoff debacle and the failure to complete continuous
in-depth due diligence services,” commented Mrs Clar-Boson.
“There is an acute shortage of independent alternative research providers: going forward, investors are demanding a more dynamic and personalized dialog to replace their disappointing relationships with large, traditional organisations. The ongoing complexity and sophistication of hedge fund analysis drives the need for truly neutral third-party specialists and Palladio Alternative Research Group aims to progressively become a significant and trusted player in the space.” she concluded.
Alex Akesson
Editor for HedgeCo.net alex@hedgeco.net HedgeCo.Net is a premier hedge fund database and community for qualified and accredited investors only. Membership on www.hedgeco.net is FREE and EASY. We also offer FREE LISTINGS for Hedge Funds!
HedgeCo.net (West Palm Beach) – ALTIN, the London and Swiss-listed fund of hedge funds, has released a full disclosure of its underlying investments and weightings. ALTIN has adopted a position of total transparency, and holds one of the world’s longest track records as an exchange-listed fund of hedge funds.
ALTIN has reduced its cash allocation from 14% on 1 March 2009 to 6.3% on 1 July 2009, as part of an active investment programme into hedge funds to benefit from the current investment opportunities. The portfolio, featuring more than 30 underlying funds representing 10 different strategies, is particularly well diversified and boasts a positive performance of +5.18%[1] to date in 2009.
Only approximately 20% of funds held by ALTIN have restricted redemptions of one form or another. This relatively low proportion does not affect ALTIN as, being a fixed-capital investment company, it is not faced with redemption requests.
The portfolio’s great liquidity allows the investment manager to perform a dynamic management and benefit from the current investment opportunities. The manager has thus launched a significant investment programme in the past months.
ALTIN AG was launched in December 1996 and has been listed on the Swiss Stock Exchange since its inception as well as on the London Stock Exchange since 2001. ALTIN is a multi-strategy fund of hedge funds investing in more than 30 hedge funds representing various investment styles. The Company holds one of the world’s longest track records as an exchange-listed fund of hedge funds. Its objective is to generate an absolute annual return in US dollars terms with lower volatility than equity markets.
ALTIN is managed by 3A SA (Alternative Asset Advisors), a management firm specialised in alternative investments and member of the SYZ & CO Group.
3A currently manages more than USD 2.1 billion in hedge fund assets. 3A also provides alternative research and due-diligence services on an additional USD 4 billion in alternative investments.
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West Palm Beach (HedgeCo.net) – AlphaMetrix, LLC, a $1.8 billion managed account platform for institutional and accredited investors, today announced the hiring of Richard Meade, 39, as Executive Director of Client Relations. This new position was created to ensure a high quality customer experience for AlphaMetrix’s fast-growing roster of investors. Meade has over 16 years of experience in the futures industry, covering operations, client services, client technology and sales.
“Interest in the AlphaMetrix managed account platform, along with our research, risk management and due diligence services, has grown dramatically since Bernie Madoff scandal,” said Aleks Kins, CEO of AlphaMetrix.
“With this growth comes a need to ensure that our current and prospective managed account clients have as positive an experience as possible when working with us. From being a client of Richard’s for several years, I know firsthand his ability to provide clients a unique combination of technological sophistication and a personal touch. He’s a great asset for our team.”
Before joining AlphaMetrix, Meade was COO and later CEO of UBS Managed Fund Services, helping launch and run the UBS managed futures platform. In addition, he also managed many key relationships for UBS’ top institutional clients, especially those in the managed futures and hedge fund space.
Prior to UBS, Meade ran Futures Client Services at Goldman Sachs, where he partnered with the firm’s top clients to create new web-based solutions to streamline operations around trade reconciliations, cash and margin managements, trade and position monitoring and other critical areas.
Meade received his BA in Modern Languages from the University of Nottingham.
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West Palm Beach (HedgeCo.net) – To root out fraud and to give investors increased confidence that their assets are being managed with institutions of integrity and honesty, AlphaMetrix formally introduced AlphaMetrix Financial Investigations, LLC, run by David Fisher, a 24-year veteran of the US Secret Service.
AlphaMetrix is a research and investment platform for managed futures and other liquid alpha strategies with approximately $1.7 billion on the platform.
“Under David’s leadership, the alternative investment company seeks to set a new standard for the due diligence on financial institutions,” the company said in a letter received by HedgeCo, “first focusing on those on the AlphaMetrix platform, and later as a third-party provider of due diligence services.”
Fisher has a strong domestic and international investigative background in financial fraud, background investigations, security planning and electronic crimes. In addition to responsibilities associated with the Secret Service’s well-known role protecting the President, Vice President and visiting Heads of State, Fisher also brings extensive experience from the agency’s core investigative mission into financial institution fraud, computer and telecommunications fraud, false identification documents, access device fraud, advance fee fraud, electronic funds transfers and money laundering.
“AlphaMetrix has always been known for our deep trading manager research capabilities, and the new Financial Investigations group takes that to an even higher level, with comprehensive background checks and reviews of operational risk,” said Aleks Kins, CEO of AlphaMetrix.
“This type of due diligence work takes a consummate professional, so we are particularly excited to have someone of David Fisher’s caliber on board to build AlphaMetrix Financial Investigations into a thriving organization,” he added.
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