General News

	JPMorgan's Highbridge Lays Off Event-Driven Team	Feb 04/11
	JPMorgan Chase & Co.'s Highbridge Capital Management, which oversees about $27 billion in assets, has laid off its event-driven investment team, as part of a streamlining effort, according to a person familiar with the m...Read more
	Primary Global Manager Indicted, Faces SEC Suit With Five Others	Feb 04/11
	James Fleishman, a former Primary Global Research LLC sales manager, was indicted on insider trading charges and also accused in a U.S. Securities and Exchange Commission lawsuit along with five other people of tipping investo...Read more
	AlphaMetrix 2011 Concludes with Over 650 Hedge Fund Industry Attendees Representing $1 Trillion	Feb 03/11
	CHICAGO--(BUSINESS WIRE)--AlphaMetrix today announced the successful conclusion of the AlphaMetrix 2011 Summit, two-and-a-half days of networking and education for over 650 hedge fund industry professionals. The event featured a g...Read more
	Wells Fargo-Backed Hedge Fund Said to Seek Money as Bank Withdraws Capital	Feb 03/11
	Wells Fargo & Co. plans to withdraw the capital from its affiliated hedge-fund firm, Overland Advisors LLC, as the asset manager seeks new investors, two people with direct knowledge of the matter said. Wells Fargo, responding...Read more
	Slim Gets Richer as Mines, Mobile Beat Gates, Buffett	Feb 03/11
	Carlos Slim’s Mexican holdings from mining to communications helped him beat Bill Gates and Warren Buffett on the stock market for the second straight year, and gains in 2011 may widen his lead atop the global wealth list. Slim’s ...Read more
	GMP Investment Management L.P. Announces Launch of GMPIM Equity Opportunities Fund	Feb 03/11
	TORONTO, ONTARIO- GMP Investment Management L.P. ("GMPIM") is pleased to announce the launch of the GMPIM Equity Opportunities Fund ("EOF"). The Equity Opportunities Fund is a long/short equity fund that ...Read more
	Fiera Sceptre boss honoured with award	Feb 03/11
	Investment Executive’s sister publication names Jean-Guy Desjardins the 2010 Quebec Financial Person of the Year Wednesday, February 2, 2011 By Megan Harman Jean-Gu...Read more
	Madoff Trustee Told Mets' Owners They Should Have Known of Ponzi Scheme	Feb 02/11
	The owners of the New York Mets Major League Baseball club disclosed that Bernard Madoff’s bankruptcy trustee is claiming in a sealed complaint that they should have known about the convicted con man’s fraud, which may add to any ...Read more
	Hockey's New Jersey Devils Exploring a Sale, Hire Moag & Co. as Adviser	Feb 02/11
	The New Jersey Devils, purchased by former Lehman Brothers Holdings Inc. executive Jeffrey Vanderbeek in 2004, are exploring a sale. Michael T. Gilfillan, chairman of Brick City Hockey LLC, which owns a stake in the National Hocke...Read more
	Egyptian Billionaire Family Caught In The Crosshairs Of Egypt’s History	Feb 02/11
	Mohamed Mansour sits in London where he helplessly follows the news in Egypt unfold at breathtaking speed. He came to the U.K. a little over a week ago for family reasons, and was due back in Cairo on February 8. Now everything is...Read more
	Someone Thinks Paulson Is Making Too Much Money	Feb 02/11
	Hedge fund boss James Dinan told fellow hedge funders to prepare for an onslaught of regulation because a whole lot more is on its way, the WSJ reports.And if anyone's looking for the reason for all of this increased regulation,...Read more
	Is No Hedge Fund Too Big to Fail?	Feb 01/11
	One of the main things on the minds of hedge fund managers and others in the industry (aside from Egypt and insider trading) is the prospect of regulation. There is registration with the Securities and Exchange Commission, ...Read more
	Hedge Funds Reduce Bullish Copper Bets by Most Since August	Feb 01/11
	Hedge funds reduced their bullish bets on copper futures by the most in five months on concern that China, the world’s largest buyer, may take more steps to restrain its economy. Hedge funds and money managers cut net-long p...Read more
	US insider trading probe takes toll on small funds	Feb 01/11
	Technology-focused hedge fund STG Capital, which did business with an expert network firm that has figured prominently in an ongoing U.S. insider trading investigation, is shutting down, said people familiar with the situa...Read more
	Hedge fund manager Samir Barai under US govt scanner: Report	Jan 31/11
	Samir Barai , the founder of New York-based Barai Capital Management and a former hedge-fund manager at Citigroup, has been drawn into the government's insider-trading investigation as a co-conspirator in a case, says a media repo...Read more
	Hedge fund Pharo sees yuan up 5-7 pct	Jan 31/11
	Guillaume Fonkenell, who founded the emerging market-focussed hedge fund a decade ago, cited the "enormous pressure" on the Chinese authorities to let the currency appreciate further as the reason for his conviction for ...Read more
	Man To Launch Tops-Like ETF	Jan 31/11
	The Man Group today will launch its first hedge fund exchange-traded fund, designed to profit from brokers' best ideas.The Man GLG Europe Plus Source ETF will use an algorithmic system to trade on brokers' buy recommendations. Hun...Read more
	AIMA on Hedge Fund Regulation	Jan 31/11
	The global hedge fund industry is not ‘un-regulated’ or lightly-regulated. Hedge fund managers are already rigorously regulated in all the main jurisdictions in which they operate, and significant new regulation is being introduce...Read more
	Hedge fund predators on the prowl for stragglers	Jan 28/11
	Hedge funds are prowling the post-crisis landscape looking to buy small, weakened rivals that are struggling to grow. The most vulnerable targets are so-called funds of hedge funds, essentially a basket of stakes in ind...Read more
	Hedge Fund Guy's New Best Friend Is Wet, Wet, Wet	Jan 28/11
	Water is set to become hedge-fund guy’s new best friend forever. For H2O, unfortunately, the financier is likely to turn out to be what teenage girls and Hollywood gossip columnists call a frenemy. Every time I mention th...Read more
	Rothschild's three key hedge fund strategies	Jan 28/11
	Rothschild Private Banking & Unit Trust research team has highlighted the three key hedge fund strategies it expects to do well in 2011.Barbara Vannotti-Holzrichter, head of fund research for Rothschild, said the f...Read more
	Subprime Bets Made by 50 Hedge Funds, Greg Lippmann Told FCIC	Jan 27/11
	Greg Lippmann, who gained fame for his bets against subprime mortgage securities, brokered wagers against the bonds to at least 50 hedge funds during 2006 and 2007, the former Deutsche Bank AG trader told the Financial C...Read more
	Top hedge fund manager turns to tech micro-caps	Jan 27/11
	Canada’s best performing hedge fund manager of the past year has generated triple-digit gains from surging resource stocks, but now expects market leadership to switch to technology wallflowers. “There will be a pullback in ...Read more
	Hedge Funds Increase 19.7% to 2.98 Trillion	Jan 27/11
	New York (HedgeCo.net) – Combined alternative assets under administration (AUA), covering hedge funds, fund of funds, and private equity have risen to $4.82 trillion, according to new Opalesque research. Single manager hedge f...Read more
	Directional hedge fund strategies drive performance in 2010, says Hennessee Group	Jan 27/11
	Directional hedge fund strategies were the primary drivers of portfolio performance in 2010, most notably event driven, distressed and emerging markets according to the latest data released by hedge fund adviser Hennessee Gr...Read more
	Morningstar 100 Hedge Fund Index up 4.0% in December	Jan 27/11
	The Morningstar 1000 Hedge Fund Index rose 4.0% in December, resulting in an increase of 10.4% for the year, according to preliminary results released by the investment research firm. The currency-hedged Morningstar MSCI Hedg...Read more
	US hedge funds set to relaunch legal fight to Porsche/VW deal	Jan 26/11
	US hedge funds are likely to relaunch a legal bid targeting a planned merger between carmakers Porsche and Volkswagen, both of which Qatar Holding owns a minority stake in, VW’s finance chief said. “There is a high probabilit...Read more
	Morningstar Predicts Hedge Fund Takeover Candidates	Jan 26/11
	New York (HedgeCo.net) – Independent hedge fund research firm, Morningstar, Inc., has published its Merger and Acquisition Outlook for 2011, identifying the 100 most likely takeover candidates across Morningstar’s equity cover...Read more
	100 Women in Hedge Funds rings in 10th anniversary at stock exchanges across the globe	Jan 25/11
	100 Women in Hedge Funds (100WHF), a leading non-profit organisation for professionals in the alternatives industry, has launched its yearlong 10th anniversary celebration with events at several of the world’s leading stock ...Read more
	Bermuda plays the tax card to lure hedge funds	Jan 25/11
	BERMUDA shorts, worn three inches above the knee, and long socks could soon become the new uniform for hedgies if the island's campaign to lure London funds to its shores is successful. Bermuda, which has long been the...Read more
	Bermuda Set to Meet New EU Standards re: AIFM Directive	Jan 24/11
	Business Bermuda looks forward to Bermuda’s regulatory regime meeting newly agreed EU standards under the Alternative Investment Funds Managers Directive ("AIFM Directive"), as announced by the European Parliament on 11 November 2...Read more
	SunGard UCITS white paper calls for independent valuation of OTC derivatives	Jan 24/11
	Industry leading financial software development company SunGard, whose proprietary financial systems process more than five million trades daily, released a white paper this week entitled: The importance of independent valuation f...Read more
	Morgan Stanley and Indus Launch UCITS III Fund	Jan 24/11
	Fund launched on Morgan Stanley's FundLogic Alternatives Plc Morgan Stanley (NYSE: MS) today announced the launch of a new fund under its Ucits Irish umbrella, FundLogic Alternatives. The new fund will be managed by Indus Capital ...Read more
	Bullish Gold Bets by Funds Slump on Worst Price Slide Since 1997	Jan 24/11
	Hedge funds are unloading bullish bets on gold as a slide in prices sends the metal to its worst start to a year since 1997. Holdings in silver dropped to the lowest since February. Managed-money funds held net-long positions, or ...Read more
	Hedge funds soar on mortgage plays	Jan 24/11
	For 20 years, Don Brownstein taught philosophy at the University of Kansas. He specialized in metaphysics, which examines the character of reality itself. In a photo from his teaching days, he looks like a young Karl Marx, with a ...Read more
	GMP Offers ABCP Fund	Jan 24/11
	GMP Investment Management has launched a new limited partnership fund based on Canada’s restructured asset backed commercial paper, the assets at the heart of the 2007 ABCP crisis. GMPIM has traded over $2 billion (face value) ...Read more
	Hedge funds end 2010 with record quarterly asset increase	Jan 21/11
	The hedge fund industry concluded 2010 with the largest quarterly increase in assets in the history, according to data released today by Hedge Fund Research (HFR). Total industry assets grew to USD1.917 trillion, reflecting a...Read more
	DB HF Index up 2.33% in December	Jan 21/11
	The DB Hedge Fund Index was up 2.33% in December, according to the latest data released by Deutsche Bank. Strategies contributing positively to performance over the month were the dbX-THF Equity Hedge, dbX-THF Event Driven, d...Read more
	Investment performance spurs asset growth at Man Group	Jan 21/11
	Investment performance was the major source of asset growth for Man Group in the last quarter, with AHL, GLG and the Man Multi-Manager all making positive contributions. AHL Diversified plc was up 5.3% in the three months to...Read more
	Aussie or Canadian dollars a better bet than the greenback, says CAIA survey	Jan 21/11
	Australian or Canadian dollars will have a higher return this year than the US dollar when compared to the euro, yen, or sterling, according to a new prediction survey of leading alternative investment professionals. The 2011...Read more
	MAN ON THE MONTH	Jan 20/11
	OPTIMISM FOR 2011 BOOSTED APPETITE FOR RISKIER ASSETS IN DECEMBER January 18, 2011 – Optimism over the outlook for 2011 led global equities higher in December amid a fall in volatility and reduced trading volumes due to the w...Read more
	Are You a Secret Apple Stockholder?	Jan 20/11
	If you're like most Americans, you probably figure the news about Steve Jobs and Apple doesn't affect you directly. You may not know it, but you are probably a ...Read more
	2011: The year of the takeover?	Jan 20/11
	Merger mania has gripped the City again, with nearly £2bn worth of deals unveiled in just a fortnightThe new year has barely begun but already investors have witnessed a flurry of deal announcements covering sectors as va...Read more
	Apple news impacts hedge funds, heavy investors	Jan 19/11
	Few CEOs have been linked as closely to their companies as Steve Jobs is with Apple Inc and few U.S. companies are as popular with investors as Apple is with hedge fund managers. Analysts have called Apple the $1.7 trilli...Read more
	Hedge-Fund Bets on Feeder-Cattle Gain Reach Highest Since 2006	Jan 19/11
	Hedge funds are the most bullish on feeder-cattle futures since at least 2006, a sign that speculators may expect tight supplies of the animals to boost prices that already have surged to a record in Chicago. The funds in...Read more
	Dow Jones Credit Suisse Hedge Fund Index Up 10.95% In 2010	Jan 19/11
	Final performance for the Dow Jones Credit Suisse Hedge Fund Index is confirmed up 2.90% in December and up 10.95% for 2010."The Dow Jones Credit Suisse Hedge Fund Index rose 2.90% in December, with nine out of ten ...Read more
	Fraud made easier: New rules backfire	Jan 19/11
	In a strange twist, new rules aimed at cleaning up Wall Street may make it easier for some investment managers to commit fraud. When the Dodd-Frank financial overhaul act was passed last summer, its supporters promised great...Read more
	Hedge Funds Reduce Bullish Gold Bets as `Big Boys Are Starting to Get Out'	Jan 18/11
	Hedge funds reduced their bullish bet on a gold rally to the lowest level since July 2009 after the metal climbed for 10 straight years. The funds and other large speculators held net-long positions, or wagers on rising pr...Read more
	AIMA Responds to ESMA Consultation on AIFMD	Jan 18/11
	London – 17 January 2011: The Alternative Investment Management Association (AIMA), the global hedge fund association, has called for the implemented form of the Alternative Investment Fund Managers Directive (AIFMD) to be f...Read more
	Hedge Funds Raise Oil Bets as Prices Reach 27-Month High	Jan 17/11
	Hedge funds raised bullish bets on oil by the most in five weeks as crude reached the highest level in more than two years amid signs that the global economic recovery is gaining momentum. The funds and other large specula...Read more