Sun, Apr 20, 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: Classic Auto Funds Limited (CAF) launches several car investing funds[more]

    Bailey McCann, Opalesque New York: A new trend in alternative alternatives is emerging - car appreciation funds. Classic Auto Funds Limited (CAF) is the first to market with several funds that make super elite luxury cars into real asset investments. As a result of growing overseas demand couple

  2. CTAs could face new challenges in a rising rates environment[more]

    Bailey McCann, Opalesque New York: CTAs have taken a beating performance wise lately, and asset flows reports show that investors aren't sticking around to see how the movie ends. Now, a new white paper from Roy Niederhoffer and Coen Weddepohl notes that as interest rates start to tick back u

  3. Investing – Big hedge funds bought Puerto Rico's junk bonds, Fidelity explores new trading venue amid flash trade concerns, Crisis-era Greek bonds reward early buyers with big effective returns, Cargill unit discloses stake in Freddie preferred[more]

    Big hedge funds bought Puerto Rico's junk bonds From Reuters.com: Several large hedge funds doubled down on Puerto Rico in last month's giant bond sale despite the U.S. territory's financial struggles, the Wall Street Journal reported, citing confidential documents reviewed by the newspa

  4. Opalesque Exclusive: Hedge fund replicators evolve[more]

    Bailey McCann, Opalesque New York: Hedge fund replicators as a group of products tend to get a bad rap from hedge fund managers who suggest that the best a replicator can offer is dynamic beta capture. A

  5. Commodities – Popular value fund manager David Iben bets on Russia, gold,[more]

    From Reuters.com: With large bets on Russia and North American gold miners, one of the best performing stock pickers in the wake of the 2008 financial crisis is back with a new fund that reflects his deep aversion to following the crowd. In the Kopernik Global All-Cap Fund, David Iben is follo