Masaki Taniguchi Joins Ex-Soros Hedge Fund

Pleiad Investment Advisors, a Hong Kong-based new hedge fund helmed by two Soros Fund Management veterans, is pleased to announce the hire of Masaki Taniguchi as company’s new COO.

Hong Kong-based Pleiad Investment Advisors hired Masaki Taniguchi as chief operating officer, AsianInvestor reports. Taniguchi’s addition follows that in April of former Goldman prime brokerage executive Vien Chiu, who was named CFO of the new hedge fund.

Pleiad, founded by ex-Soros managers Kenneth Lee and Michael Yoshino, plans to launch its maiden fund in the third quarter with more than US$150 million, much of it provided by seeder HS Group. HS itself was founded by a former Goldman Sachs executive, Johannes Kaps.

Taniguchi was head of regional product strategy and development in Asia for Goldman Sachs Asset Management until his departure in April. Prior to joining GSAM—his second stint at Goldman—in 2012 he spent more than a decade at Sparx Group as chief operating officer.

Source: FINalternatives

 

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Edelweiss Fin Services Buys Forefront Capital Management

Mumbai-based Forefront Capital Management Pvt. Ltd, a high net worth focused Asset Management Company that spans the alternative as well as the traditional investment space, has been acquired by Edelweiss Financial Services, one of India’s leading diversified Financial Services Company, terms of the deal were not disclosed.

“With this, we will widen and deepen our presence in the asset management space and provide additional innovative investment solutions to our clients,” Edelweiss Group executive director Rujan Panjwani said in the statement.

Founded by Radhika Gupta and Nalin Moniz, Forefront currently manages a range of investments focused on the absolute return space, from value oriented equity strategies to multi-asset allocation strategies.

Gupta and Moniz are alumni of University of Pennsylvania/The Wharton School. While Gupta worked as portfolio manager with Goldman Sachs Asset Management, Moniz was with AQR Capital Management (an $80 billion hedge fund) as a portfolio manager prior to founding Forefront in 2009.

Source: VC Circle

 

Tags: Hedge Fund of Funds Business, Hedge Fund, Hedge Funds, Fund of Hedge Funds, Hedge Fund of Funds, Hedge Fund industry, Hedge Fund Group, Hedge Fund Market, Hedge Fund Investments, Hedge Fund Advisory Firm, Hedge Fund Returns, Mumbai, Forefront Capital Management Pvt. Ltd, Asset Management Company, Edelweiss Financial Services, India, Financial Services Company, Edelweiss Group, Rujan Panjwani, Nalin Moniz, University of Pennsylvania, The Wharton School, Goldman Sachs Asset Management, AQR Capital Management.


New Rules for Private Fundraising

Restrictions on advertising of private securities sales in September, have been lifted by U.S. securities regulators, the lag might stem from the complex web of additional securities laws.

In addition, there is no standard for reporting performance figures of private funds, and there could be more changes on the horizon.

“There’s a lot out there that hasn’t yet been decided,” Andrew Donohue, deputy general counsel at Goldman Sachs Asset Management said at a Fordham Law Schoolsymposium on Monday in New York. He said companies lack a template for how to navigate the new rules and other securities laws.

Until last year, companies had been restricted since the 1930s from advertising or generally soliciting the public to raise private capital to launch a hedge fund or startup. The Securities and Exchange Commission had to scratch that rule after the 2012 Jumpstart Our Business Startups Act. Now, companies can advertise private offerings as long as they ensure they only sell securities to sophisticated investors.

But companies have been reluctant to take advantage. Since September, only one in 10 companies, excluding investment funds, has said they would reach out to private investors using the general solicitation exemption, according to Fortune.

Source: Wall Street Journal

 

Tags: Hedge Fund of Funds Business, Hedge Fund, Hedge Funds, Fund of Hedge Funds, Hedge Fund of Funds, Hedge Fund industry, Hedge Fund Group, Hedge Fund Market, Hedge Fund Investments, Hedge Fund Advisory Firm, Hedge Fund Returns, US Securities Regulators, Andrew Donohue, Goldman Sachs Asset Management, Fordham Law Schoolsymposium, New York, Securities and Exchange Commission, Business Startups, Startup, Start-Up.


Investment Platform Released by Fidelity

An alternative investment network that gives financial advisors access to a diversity of products, including hedge funds, private equity funds and ’40 Act mutual funds has been released by Fidelity Institutional.

Fidelity’s platform will provide research, education and third-party due diligence, as well as access to a wide range of alternative investment products for all Fidelity Institutional clients.

Financial advisors and family office professionals will now have access to a variety of alternative investment products, including hedge funds, private equity funds and ’40 Act mutual funds.

Fidelity’s platform will also provide access to research and third-party due diligence reports through strategic alliances with leaders in the space – including CAIS, Goldman Sachs Asset Management (GSAM) and Morningstar.

In addition, through Fidelity’s Alternative Investments Network, financial advisors and family office professionals will have access to a list of alternative investment funds from third-party sponsors with reduced custody fees. Source: HedgeWeek

 

Tags: Hedge Fund of Funds Business, Hedge Fund, Hedge Funds, Fund of Hedge Funds, Hedge Fund of Funds, Hedge Fund industry, Hedge Fund Group, Hedge Fund Market, Hedge Fund Investments, Hedge Fund Advisory Firm, Private Equity, Private Equity Fund, ’40 Act Mutual Funds, Fidelity, Fidelity Institutional, Financial Advisors, Family Offices, CAIS, Goldman Sachs Asset Management, GSAM, Morningstar, Alternative Investments Network.


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