Does loyalty lie with the lawyer or the law firm?
Big changes were afoot in the London hedge fund legal scene last week, after New York-based Akim Gump swooped on Simmons & Simmons
26/07/2010
Altin launches new share buyback programme
Swiss fund of hedge funds manager Altin has launched a significant share buyback programme, as it attempts to reverse its listed vehicle’s 25% discount to the fund’s net asset value (Nav).
The Altin share price has been operating at an average discount of 24.96% during the first semester of 2010. The new share buyback programme will obtain up to 10% of Altin’s share capital with the aim of ultimately reducing the discount of the share price to Nav.
Since Altin AG launched in 1996, it has invested in approximately 40 hedge funds. The current share buyback has been put in place by Altin’s board of directors.
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Editor's view: 8 February 2012
Speculative moves, a perceived landgrab and a potential bidding war in the hedge fund sector have all opened up in recent weeks
Comment: Julian Korek
"Advisers need to be analysing key considerations and determining where they fall in the spectrum of SEC registration; no easy task given the scope of the legislation"
Investor demand for CTAs is on the rise, says Agecroft Partners
Agecroft Partners is seeing widespread demand from institutional investors for Commodity Trading Advisors (CTAs), which is a dramatic change from the historical reluctance of many institutional investors and their consultants to allocate to this strategy.
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