Mon, Apr 27, 2015
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. U.S. does not want hedge funds to invest in offshore re-insurers for tax purposes[more]

    Komfie Manalo, Opalesque Asia: The U.S. Treasury Department on Thursday introduced a new rule aimed at limiting hedge funds’ ability to reduce their tax bills by investing in insurance companies in offshore tax havens. As a general rule, the U.S. tax laws does not allow hedge funds to use off

  2. Ruling: Hedge funds suing Argentina can have access to bond offering details[more]

    Komfie Manalo, Opalesque Asia: U.S. District Judge Thomas Griesa in Manhattan ruled yesterday that hedge funds are entitled to details of a recent bond offering by Buenos Aires, reports

  3. Hedge funds looking to continue their rally in Q2[more]

    Komfie Manalo, Opalesque Asia: Hedge funds finished the first quarter on a strong note and are looking to continue the rally in the second quarter, said Lyxor Asset Management in its Weekly Brief. The Lyxor Hedge Fund Index is up 0.4% over the week

  4. Hedge funds down -0.17% in March (+1.23%YTD)[more]

    Bailey McCann, Opalesque New York: The hedge fund industry produced an aggregate return of –0.17% in March to end Q1 2015 up 1.23%, compared to the S&P 500 which increased 0.96%, according to the latest data from eVestment. Hedge fund performance returns were mixed in March amid increased equity

  5. Fund managers express concern of overvaluation in both equity and bond markets[more]

    Komfie Manalo, Opalesque Asia: According to the BofA Merrill Lynch Fund Manager Survey, investors see growing overvaluations in both

 

banner