Editor's view: 4 March 2010
Pardoned by De Larosière, the G20, and, last week, the FSA. If we didn’t know it 12 months ago, we certainly should all be cognisant now that hedge funds played no role in the carnage of 2008
03/02/2010
Sigma launches new investment consultancy
Sigma Partnership, the hedge fund advisory business, is branching into investment consultancy, as increasing numbers of institutional allocators look for better due diligence on their investments.
Although Sigma will not offer investment advice, it’s new service – called 360° ODD – is a ‘consortium’ of third-party advisors, capable of dealing with a number of key investor concerns, including corporate governance.
Historically limiting itself to the due diligence needs of hedge fund managers, Sigma’s move is timed to take advantage of current fears about the transparency of the sector.
“We are hoping to build relations with large institutions, including funds of hedge funds (FoHF), pension funds and charitable foundations. Governance is one of the main areas where funds fail, our service will be able to examine hedge funds’ standards on an objective basis,” Matthew Crisp, a partner at Sigma, told HFMWeek.
360° ODD will be able to draw on the knowledge of a number of key lawyers and auditors, including BDO, DLA Piper, Brucher & Partners, Kaye Scholer, Norton Rose and UHY Hacker Young, as well as law firms in Ireland, the Caribbean, Bermuda and the US.
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Weekly liquidity, not the only option?
The all-consuming craze for managed accounts hasn’t taken over the industry yet, but the way it is going, it won’t be long before it does.
Comment: Julian Korek
"As if the increase in supervisory resources were not enough, the FSA is actively looking to set examples"
HFM European Performance Awards shortlist announced
HFMWeek is pleased to announce the shortlist for the HFM European Performance Awards 2010. Considering 2009’s broadly positive results, all of the successful candidates enjoyed a particularly
stellar year and thoroughly deserve their moment in the spotlight. HFMWeek looks forward to hosting all the shortlisted candidates at London’s Hurlingham
Club on the 25 March, where the winners will be revealed.
A promising year ahead for emerging managers
The demand for emerging hedge fund managers is continuing to grow, especially among institutional investors, the January edition of Preqin's Hedge Fund Investor Spotlight reveals.
Read More
24/03/2010
UK: Developments in managed accounts
This month’s HFMWeek Subscriber Club breakfast, in association with Advent, will take place on Wednesday 24…
25/02/2010
US: European FoHF managers in the US market
This month’s HFMWeek Subscriber Club breakfast will take place on Thursday 25 February. Join us…
22/10/2009
European Performance Awards
An event that celebrates hedge funds and funds of hedge funds that have outperformed their peers.
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