The partnership between a leading hedge fund administrator and a leading provider of risk management and corporate governance services enables hedge fund clients to better represent their fund’s risk. RiskMetrics allows LaCrosse clients access to their applications at no charge.
The full text of the press release is reprinted below, and can also be found here.
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LaCrosse [...]
Prisma Adds Further Experience in Client Services and Marketing
Prisma Capital Partners LP announced that John Stimpson has joined the firm as one of the Managing Directors in its Marketing Group, bringing the senior members of that team to four people. He will focus on business development and consulting relations in the pension community.
Girish Reddy, Founder [...]
NFA fines Utah forex dealer member, Interbank FX LLC and its principal $225,000
July 30, Chicago - National Futures Association (NFA) has ordered Interbank FX LLC (Interbank) and its principal, Todd Crosland to jointly pay a fine of $225,000. Interbank is a Futures Commission Merchant and Forex Dealer Member of NFA, located in Salt Lake City, [...]
Hatteras Looks to Expand Firm’s Alternative Investment Solutions for Financial Advisors with Mutual Funds of Hedge Fund Strategies
Hatteras Funds, a leading provider of distinct alternative investment solutions for financial professionals, announced today that it has entered into a definitive agreement to acquire a controlling interest in Alternative Investment Partners, LLC, a Harrison, NY-based provider of [...]
Former Chief Financial Officer Accused of Diverting $1 Million of Company Money for a Personal Investment
David Grose, former CFO of Quest Energy Partners, L.P. (Quest) was charged on June 17th, 2009 with three counts of wire fraud stemming from an alleged attempt to defraud Quest of $1 million. Quest is a publicly-traded oil and gas [...]
Mellon Transition Management Predicts Record Number of Asset Managers to Be Replaced in Second Half of 2009
Mellon Transition Management (MTM), the transition management specialist for BNY Mellon Asset Management, is predicting that a record number of financial institutions such as pension funds and endowments will replace their asset managers in the third and fourth quarters [...]
CUSIP Global Services Teams With HedgeFund.Net to Develop Unique Identifiers for Hedge Funds
CUSIP Global Services (CGS), managed by Standard & Poor’s on behalf of the American Bankers Association, today announced that HedgeFund.net, a leading source for hedge fund and fund of hedge fund information owned by Channel Capital Group Inc, will aid in the development [...]
S&P Launches UCITS Compliant Version of the S&P GSCI
Standard & Poor’s, the world’s leading index provider, announced today the launch of the S&P GSCI UCITS Index, an index that caps sector weights at 35% annually and complies with European Union UCITS III directives.
UCITS, which stands for “Undertakings for Collective Investment In Transferable Securities,” is the [...]
The hedge fund industry may get a $50B boost via investments from pensions, family funds, and other investors. US pensions ($360B in investible assets) us private banks 216B, European private banks with 177B are the top 3 hedge fund investor segments. Insurance companies, private banks, endowments & foundations may reduce their allocations to hedge funds.
Background Information:
Manger: Prisma Capital Partners LP
Website: http://www.sjsu.edu/faculty/watkins/ltcm.htm
Location: New York, NY
AUM: around $794.8 million
Strategies: long-short, short bias, event-distressed, global macro, swaps and futures
Founders: Girish Reddy, Gavyn Davies, Thomas Healey
Other: Prisma provides institutional-quality asset management at the hedge fund of funds level. By combining its institutional roots, client base, and entrepreneurial business model, Prisma seeks to deliver [...]