In Europe, the AIFMD came into force. Lyxor’s Nathanaël Benzaken said the firm turned to early stage and niche hedge fund managers for better performance, in the latest Opalesque France Roundtable. Lyxor manages $100bn across four business lines, namely ETFs and Indexing, Structured Investments, Multi-Asset Investments and Alternative Investments. Other participants in the said Roundtable complained that France was suffering from inaccurate perception and high tax, but said fund managers can thrive in the country; the delegates also agreed that managed account platforms offer one of the best alternative solutions to investors; and the French Ministry of Research and Development granted Melanion Capital the Innovative Startup Venture status . The U.S. SEC filed civil charges against Steven Cohen, founder of SAC Capital Advisors, on July 19 for allegedly failing to supervise insider trading in his firm; but Cohen’s lawyers denied the charges and claimed he had not read an email at the center of the investigation; on Thursday, ...................... To view our full article Click here |
Alternative Market Briefing Weekly
Saturday, July 27, 2013
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