Saturday, 25 April 2015
Last updated 1 day ago
Sep 29 2010 | 8:21am ET
Another European hedge fund has moved its products onshore in advance of (increasingly unlikely) new European Union rules covering hedge funds.
Signina Capital is redomiciling its Cayman Islands funds in Luxembourg. The Swiss fund of hedge funds said that the move was motivated by client demands, and that it would move other funds to Europe from the Caymans.
“Particularly after 2008, our clients have become accustomed to strong corporate governance, high levels of transparency and liquidity,” founder Martin Klöck said.
The firm recently hired Northern Trust as its administrator. “Fund managers are hearing from investors, who continue to demand increased transparency, greater control and more robust governance frameworks for their alternative investments,” Ian Headon, Northern Trust’s product development head for hedge funds and funds of hedge funds in Europe.
“We were looking for a jurisdiction and a provider that would enhance our ability to meet our clients’ needs and Northern Trust had the experience and product expertise to support these requirements.”
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…