Fri, Apr 25, 2014
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   |   
Banner
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. Opalesque Exclusive: Rainwater and Blue Sky - an Australian water fund emerges[more]

    Bailey McCann, Opalesque New York: Financial reporters often tout new funds and investments as uncorrelated investments, but few can say they are uncorrelated to everything but weather. Enter Blue Sky Alternative's water fund which invests in the permanent rights to Australia's water. Sev

  2. Regulatory – Expect greater SEC scrutiny of hedge funds that share information or collaborate in advance of their trades, Alternative funds to get SEC test for leverage, liquidity[more]

    Expect greater SEC scrutiny of hedge funds that share information or collaborate in advance of their trades From Thelawyer.com: A recent Wall Street Journal article — ‘Activist investors often leak their plans to a favoured few’ — focused attention on ‘activist’ investors and stock analy

  3. …And Finally – This week's least competent criminal is Austrian[more]

    From ABCnews.go.com: A German sought by authorities for alleged fraud has been arrested in Austria — after dropping into a police station to ask officers whether he was under investigation. Police in Salzburg said the 59-year-old man walked into a police station in the city on Friday night. Sp

  4. Investing – Hedge funds find pitfalls along with profits in real estate ventures, Marcato Capital Management makes new bet on Dillard’s[more]

    Hedge funds find pitfalls along with profits in real estate ventures From Law360.com: Hedge funds have joined the rush to real estate deals and development in recent months to close the financing gap left by tightening bank standards, but attorneys say many aren't prepared for the disclo

  5. Agecroft Partners estimates 90% of hedge funds using social media[more]

    The use of social media has increased significantly within the hedge fund industry over the past couple of years. Social media is broadly used by investors as part of their due diligence process on hedge funds, by service providers in their sales efforts to hedge funds, and by hedge funds to enhance