Each business day HedgeCo.Net keeps you informed with the top hedge fund industry news, opinion and insight from around the globe. From the latest hedge fund launches, to the impact of regulation, competition, and investor activism - we track the topics and people that make a difference to you.
New York (HedgeCo.net) – Hedge funds are well positioned for a good year in 2010 and are likely to continue their momentum into the end of the year. This should lead to additional gains for investors during the month of December, Hennessee research shows. Because of this optimistic forecast, hedge fund managers are ramping up their fund raising efforts.
In an effort to match up investors with hedge funds looking for new allocations, HedgeCo held the Fall 2009 Capital Introduction Round Tables. The event attracted 65 investors and 6 hedge fund managers. The investors were separated into 6 groups, while the hedge fund managers rotated at 20 minute intervals, enabling the investors to address each manager individually.
“Unlike other capital introduction events where the ratio of managers to investors is small, we take pride that our events have a substantial qualified investor turnout.” Evan Rapoport, co-founder of HedgeCo Networks, said, “As a result of our conferences, investors have reported notable asset increases.”
“I’ve been to a lot of capital introduction events, and as a veteran hedge fund manager I can say that this has been the best event so far.” Kurt Hovan, manager of Hovan Capital Management, said of the event, “The HedgeCo team did a terrific job in putting together a group of high quality investors, and giving the managers a format which enabled direct interaction with every investor. I look forward to attending future events.”
The next event will be held mid-to-late January in NYC, it will also be a Round Table format and HedgeCo is currently accepting applications for new managers to present their funds to members of the alternative investment community.
Recognized as having the largest attendance for any type of event in the hedge fund industry, the HedgeCo Networking Events have quickly become the top destination for generating new business and meeting new industry contacts. “We hope to continue having these events and keeping the hedge fund community well networked.” Andrew Schneider, co-founder of HedgeCo Networks, said.
West Palm Beach (HedgeCo.net) – HedgeCo Networks announced the creation of a new Hedge Fund Calculator Professional Services team. The team consists of experienced graphic designers, hedge fund marketers and consultants, CAIAs and CFAs.
The HedgeCo Hedge Fund Calculator has been in use by HedgeCo.Net for over 7 years, creating tens of thousands of hedge fund performance reports. In the first ninety days after its inception, the HedgeCo Hedge Fund Calculator gained widespread recognition and attracted hundreds of hedge funds who generated thousands of analytical reports.
"The addition of our Professional Services team will make our offering incredibly compelling, especially for managers aiming to save time, cut costs and produce high quality performance reports for their investors and prospective investors," stated Aaron Wormus, Managing Director of HedgeCo Networks. "The combination of ground-breaking technology and relevant expertise enables us to create reports with a lead time of as little as 24 hours. Managers no longer need to spend countless hours and thousands of dollars on complicated software. We consult with each client individually to produce personalized reports at a fraction of the price of other solutions in the marketplace."
HedgeCo Networks LLC manages HedgeCo.Net along with a portfolio of nine other websites devoted to alternative investments. With over 25,000 active members, HedgeCo.Net offers a vast array of hedge fund services, including website design, consultation, and third-party marketing and seeding. The Company has consulted or helped to launch over 500 new hedge funds, both onshore and offshore. HedgeCo Networks was founded in 2001 by Evan Rapoport and Andrew Schneider.
West Palm Beach (HedgeCo.net)- Dynamic Funds ("Dynamic") has announced the launch of two global growth funds, the Dynamic Power Global Navigator Class and Dynamic Power Global Balanced Class.
The fund manager also launched a hedge fund of funds, the Dynamic Alternative Opportunities Fund, giving retail investors access to a basket of the Company’s hedge fund products. Dynamic Alternative Opportunities Fund has the ability to invest in Dynamic hedge funds and closed-end funds, as well as externally managed hedge funds, private funds and other investment vehicles not generally available to the investing public.
"Dynamic Power Global Navigator Class is a go anywhere, do anything global growth fund," says Alexander Lane, VP and Portfolio Manager, "It offers investors exposure to global stocks with the safety profile of larger companies and the higher return profile of smaller companies."
The initial portfolio of the Dynamic Alternative Opportunities Fund will be composed of an approximately equal allocation of seven Dynamic hedge funds; the Power Hedge Fund, Alpha Performance Fund, Contrarian Fund, Power Emerging Markets Fund, Income Opportunities Fund, Strategic Value Fund, and Focus+ Alternative Fund.
The Dynamic Funds are managed by Goodman & Company, Investment Counsel Ltd., a subsidiary of DundeeWealth Inc. DundeeWealth is listed on the Toronto Stock Exchange.
West Palm Beach (HedgeCo.Net)- Leading UK investment manager, Hermes Fund Managers Limited (Hermes), announced the appointment of US hedge fund manager Northern Trust, to provide middle office outsourcing fund administration and custody.
With an anticipated £23 billion ($45 billion) in assets under management, the middle office plans to include the UK’s largest Pension Scheme ("BTPS"), which will be in excess of £45 billion ($88 bilion).
As part of the arrangement Northern Trust will also support the launch of Hermes’ new range of Dublin-based funds providing trustee, custody, fund accounting and transfer agency services.
"Northern Trust was appointed following a rigorous selection and due diligence process from a short-list of two providers." Rupert Clarke, Chief Executive of Hermes said, "Outsourcing these functions is consistent with our strategy of focusing on growing a specialist investment management business."
Northern Trust, a multibank holding company based in Chicago, has international offices in 15 locations in North America, Europe, the Middle East and the Asia-Pacific region. Northern Trust had assets under custody of $4.0 trillion, and assets under investment management of $778.6 billion.
Hermes currently has £36.2 billion ($70.4 billion) under management, investing assets on behalf of 206 clients, including pension funds, insurance companies, government entities and financial institutions, as well as charities and endowments.
West Palm Beach (HedgeCo.Net)- Man Group has agreed to pay $50 million for a 25% stake in Nephila Capital, an alternative investment manager specializing in insurance-based instruments such as insurance linked securities, catastrophe bonds, insurance swaps and weather derivatives.
The CEO of Man Group plc, Peter Clarke, said, "This transaction further develops Man’s strategy to expand the range of opportunities for our investors. The natural catastrophe and weather derivative markets offer significant opportunities for uncorrelated alternative investment returns. We are excited at the prospects of this strategic partnership and what it means for our and Nephila’s investors."
The investment, which follows Man’s purchase of 50% of credit specialist Ore Hill in March, comes as the increasingly competitive hedge fund industry hunts for sources of extra return not correlated with traditional markets.
Bermuda-based Nephila, which manages around $2.4 billion in assets and employs 25 staff, specialises in insurance-based instruments such as insurance-linked securities, catastrophe bonds, insurance swaps and weather derivatives, Man said in a statement on Friday.
Man is a world-leading alternative investment management business. With a broad range of funds for institutional and private investors globally, it is known for its performance, innovative product design and investor service. Man manages over $78 billion and employs 1,600 people in 13 countries worldwide.
