Alternative investments

Orinda Asset Management, an independent, privately-held asset management firm, has launched the Orinda SkyView Macro Opportunities Fund (OMOIX and OMOAX), a multi-manager hedge fund offering.

Pyxis Capital has hired Stephen Dedyo as Head of National Accounts.

A managed futures stalwart is making its way into the mutual fund world via a trust.

Investors with at least $25 million in net worth are boosting their exposure to alternative investments. At the same time, these UHNW households are keeping some money in familiar territory: tax-free municipal bonds. The Spectrem Group, a Chicago-based consulting firm, reached those conclusions in recent online and mail surveys.

Third Avenue Management has named David Resnick as president and a member of its investment team.

Neuberger Berman Group has launched the Neuberger Berman Risk Balanced Commodity Strategy Fund (NRBAX, NRBCX, NRBIX), an active, diversified commodity investment strategy that includes exposure across 25-30 commodities across six industry sectors.

Fund administrator Gemini Fund Services has new leadership in place, new headquarters in New York, and is making strides in the alternative mutual fund and exchange-traded fund arenas.

By the end of last year, assets under management in global alternative investments hit $6.5 trillion, having grown seven times faster than traditional asset classes over the previous five years. This is according to a new McKinsey & Company study that predicts this growth represents only the beginning of a new wave of assets moving into alternatives.

The Triex Tactical Long/Short Fund, a separate series of the Northern Lights Fund Trust, is shutting down on September 27.

Herb Morgan has a good barometer to tell how hot the market for exchange-traded funds is getting.

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BlackRock is cutting fees for its large exchange-traded funds next quarter in response to pricing pressure from the Vanguard Group, Bloomberg reports.

Herb Morgan has a good barometer to tell how hot the market for exchange-traded funds is getting.

Sudi Mariappa, the former bond head and Managing Director at PIMCO who worked closely with founder Bill Gross, will join GLG, the investment management division of London-based Man Group PLC to manage the firm’s renewed push into fixed-income hedge funds.

Loomis Sayles is making a hasty name change to one of its funds after losing out on a federal lawsuit.

Forward has expanded its institutional and intermediary sales forces with a slew of new hires.

Global assets invested in exchange-traded funds and exchange-traded products reached a record $1.76 trillion through the end of August 2012.

As investing in alternatives such as real estate, private equity funds, hedge fund strategies and commodities grow in popularity, the way these are being used by institutions and investment advisors is changing.

Keith Bernard, former Senior Vice President, Marketing and Sales, at Pax World Management, has left the firm, Money Management Executive has learned.

As investing in alternatives such as real estate, private equity funds, hedge fund strategies and commodities grow in popularity, the way these are being used by institutions and investment advisors is changing.