Sun, Dec 4, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Toronto’s Hedge Fund Hotel partners with Global Manager Research, to build database of hedge funds with performance shown in Canadian dollars

Friday, March 12, 2010
Opalesque Industry Update – Toronto’s Hedge Fund Hotel announces that a joint venture has been entered into with Global Manager Research (GMR), Canada’s longest running investment management database.

These two groups have co-ventured to build a comprehensive, interactive database of hedge funds with performance shown in Canadian dollars — Global Manager Research Hedge (GMRH). GMRH will be hosted on GMR’s unique, proven platform. GMR is utilized as an information source on investment funds currently by investment managers, plan sponsors, HNWIs, family offices, FoF manufacturers, DC providers and SMA platforms.

Bruce Friesen, the president of GMR said “we are extremely pleased to be making this natural extension of our business into the alternative sector, it is a complementary product to our existing data set, and will be of keen interest to our current domestic clients, as well as to investors outside of Canada monitoring the unique opportunities our market affords them.”

The June 2010 launch of GMRH will dovetail conveniently with the performance submission period for the HFH’s Third Annual Hedge Fund Awards, to be held in early October 2010.

The data that the funds need to submit each quarter will include information on products offered, key people, the investment process, and the performance. To make the data submission process convenient, funds will simply have to complete a Word template and submit this information together with an Excel file.

Importantly, and to aid true comparability, performance must be calculated net of performance bonus, but gross of management fee. “For all investment fund’s comparability is credibility” says Friesen, “our clients need clarity from our data and we must not cloud their analysis with complications from differing performance bonus reporting”.

sarahb@knowledgesuites.com
www.global-m-r.com
www.hfhto.com

Bg

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. M&A - AllianzGI to acquire Sound Harbor Partners, SS&C completes acquisition of Wells Fargo's Global Fund Services business[more]

    AllianzGI to acquire Sound Harbor Partners Allianz Global Investors (AllianzGI), an active investment manager, announced that Sound Harbor Partners, a US private credit manager led by Michael Zupon and Dean Criares, have agreed to join its fast-growing Private Debt Platform. Under the te

  2. Hunt for yield pushes more investors into riskier assets[more]

    From FT.com: Pension funds and insurance companies have increasingly embraced riskier assets in their hunt for higher returns over the past five years. Alternative assets such as property, infrastructure, private equity and hedge funds have been bought up by institutional investors in a world where

  3. People - Nectar Financial hires senior investment team, Texas A&M replaces retiring foundation investment chief, Ex-Cadwalader partner Woolery makes another sudden exit, How to become a Python coder at a top hedge fund, by the co-CTO of Man AHL[more]

    Nectar Financial hires senior investment team Nectar Financial AG, a Swiss financial technology company for wealth and asset management, has announced that it has hired two key senior leaders to spearhead its digital asset management efforts. The company also announced that it has entere

  4. Activist News - Cognizant has introductory discussion with activist investor Elliott; to review letter, Starboard Value makes huge investment in Hewlett Packard, Hedge fund calls for removal of First NBC Bank CEO[more]

    Cognizant has introductory discussion with activist investor Elliott; to review letter From Indiatimes.com: Cognizant said it had an introductory discussion with Elliott Management after receiving the activist hedge fund's letter asking for a board shakeup, a buyback, a dividend and chan

  5. Opalesque Exclusive: Ireland relaxes treatment of direct lending funds[more]

    Bailey McCann, Opalesque New York: The Irish Central Bank has relaxed its treatment of direct lending funds, according to a recently released