General News

	Man Group reports FUM of USD52.0bn at 30 June 2013	Aug 06/13
	Man Group has reported funds under management (FUM) at 30 June 2013 of USD52.0bn (31 December 2012: USD57.0bn), reflecting sales of USD6.5bn, redemptions of -USD11.5bn, investment movement of USD2.5bn, FX translation e...Read more
	The new rules of marketing: Guidelines for managers	Aug 06/13
	The SEC ruling of 10 July 10 2013 lifting the ban on general solicitation and advertising of private placements ushered in a new era of communication opportunities and challenges for hedge fund managers. This rule...Read more
	Scotia Private Client Group launches Scotia Long Short Equity Fund	Aug 06/13
	Scotia Private Client Group has launched the Scotia Long Short Equity Fund, the first alternative investment solution available through its private investment counsel. The new fund provides accredited investors with th...Read more
	Hedge funds pile into gold on rebound hopes	Jul 30/13
	Hedge funds have heavily upped exposure to gold in recent weeks, viewing the metal's poor relative performance year-to-date as a buying opportunity. According to Bloomberg data from the US Commodity Futures Trading ...Read more
	Breton Hill Capital named Best Overall Canadian Hedge Fund at the Hedge Funds Review Americas Awards	Jul 29/13
	TORONTO, July 26, 2013 /CNW/ - Breton Hill Capital Ltd. received the prestigious Best overall Canadian hedge fund at the Hedge Funds Review Americas Awards 2013 last night at a reception held at The Roosevelt Hotel in New ...Read more
	Hedge Funds Raise Gold Bets as Goldman Sees Decline	Jul 29/13
	Hedge funds raised wagers on a gold rally as speculation that the Federal Reserve will hold off on curbing stimulus drove prices toward the biggest gain in 18 months. Goldman Sachs Group Inc. expects the rally to reverse. ...Read more
	Survey: Hedge Funds Focus On Long/Short Equity and Event-driven Strategies	Jul 25/13
	Credit Suisse polled 185 institutional investors on their strategy and allocation activity for its mid-year Hedge Fund Investor Survey. 88% of institutional investors said that they plan to make additional allocations to hed...Read more
	AIMA/EY SURVEY FINDS MIXED PROGRESS TOWARDS AIFMD TRANSPOSITION	Jul 24/13
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	Corn 'to outperform soy' thanks to hedge fund bets	Jul 23/13
	Hedge funds turned less negative on corn price prospects, but remain net short by a historically high amount – raising the prospect of a substantial switch in the fortunes of prices of the grain compared with soybeans. Ma...Read more
	Strings Attached to Hedge Fund Ad Rule	Jul 23/13
	Getting ready to advertise your hedge fund or private equity fund when the new SEC ad rule goes into effect in a few months? Here are a couple of things you should know.First, you may not be able to charge performance ...Read more
	Hedge funds extend record asset total for fourth consecutive month	Jul 22/13
	Total capital invested globally in hedge funds increased to a record level for the fourth consecutive quarter in Q2 2013, according to the latest HFR Global Hedge Fund Industry Report. The growth in assets in 2Q13 exte...Read more
	Hedge Fund Exits Fall to Six Month Low in July	Jul 22/13
	The number of demands to pull money out of hedge funds fell in July as investors took stock after making mid-year adjustments to portfolios the previous month. Hedge fund administrator SS&C GlobeOp's forward redemption in...Read more
	Commodity hedge funds suffer longest losing streak on record	Jul 19/13
	* Average fund down 3.6 pct in H1 2013 * Follows losses in previous two years * Managers struggle to make money as commodity prices fall LONDON, July 18 (Reuters) - Funds betting on commodity price moves have lo...Read more
	New EU rules may attract hedge funds: regulator	Jul 19/13
	One of Europe's top regulators has some good news for the hedge fund industry; pay curbs are not on the agenda. While they will avoid the caps on bonuses facing bankers, Europe's hedge fund managers can still expect restr...Read more
	Blackstone plans open end, daily liquid, alternative mutual fund	Jul 18/13
	Blackstone Alternative Asset Management (BAAM), Blackstone’s hedge fund solutions business, is to launch its first alternative investment-focused mutual fund that offers daily liquidity. BAAM, which is the world’s l...Read more
	Hedge funds spot opportunities in Poland sell-off	Jul 17/13
	- Hedge funds are betting against Poland's sovereign bonds and currency, taking advantage of a sell-off in emerging markets and slowing domestic growth to target a country that has been a top pick for foreign inv...Read more
	Hedge Fund Assets Down $20.94 Billion In June	Jul 17/13
	New York (HedgeCo.Net) - Hedge funds suffered losses this month according to the new Eurekahedge report. ”Hedge funds recorded negative returns in June ending their seven month winning run, as global markets witnessed broad ba...Read more
	Hedge Funds Back in the Red After a Year of Positive Returns	Jul 17/13
	Preqin’s early hedge fund benchmarks show that after 12 consecutive months of positive returns, hedge funds were back in the red in June, posting average returns of -1.52%. This brings the year to date return to 3.43%, compara...Read more
	Hedge fund inflows hit two-year high of USD18.5bn in May	Jul 15/13
	Hedge funds took in a net USD18.5bn (1.0 per cent of assets) in May, more than a 40-fold increase from April’s USD430m inflow, according to figures released by TrimTabs and BarclayHedge. The results are based on data f...Read more
	HFA applauds SEC for lifting ban on hedge fund advertising	Jul 15/13
	The Securities and Exchange Commission (SEC) has now adopted final rules in connection with the Jumpstart Our Business Startups (JOBS) Act, lifting an 80 year old ban on general solicitation and allowing hedge fund man...Read more
	Hedge Funds Are for Suckers	Jul 15/13
	At the height of the financial crisis in 2008, a group of famous hedge fund managers was made to stand before Congress like thieves in a stockade and defend their existence to an angry public. The gilded five included George S...Read more
	HFA Applauds SEC JOBS Act Final Rules	Jul 12/13
	The New York-based Hedge Fund Assocation (HFA) has issued a brief reaction to the news that the Securities and Exchange Commission (SEC) has now adopted final rules in connection with the Jumpstart Our Business Sta...Read more
	Ready For Hedge Fund Commercials? SEC To End Ad Ban	Jul 11/13
	Imagine driving down the highway and seeing Bill Ackman, Carl Icahn or Steve Cohen on a billboard asking you for money for their next fund. Okay. That’s unlikely because none of those guys are hard up for assets, and two ...Read more
	Lifting SEC Ad Ban Promises Wider Airing of Hedge-Fund Pitches	Jul 11/13
	Investment pitches by entrepreneurs and hedge funds may get a higher public profile on television, through social media and even at sporting events following the lifting of an 80-year-old rule by U.S. securities regulators. ...Read more
	Assets of top 100 alternative investment managers hit USD3 trillion	Jul 10/13
	Total assets managed by the top 100 alternative investment managers globally reached US$3.1 trillion in 2012, according to research by Towers Watson. The global alternatives survey, which covers seven asset class...Read more
	Hedge funds in June post first decline of the year	Jul 10/13
	Hedge funds recorded their first monthly loss in eight months in June, as they battled volatile stock and bond markets, according to data published on Monday by industry tracker Hedge Fund Research. On average, he...Read more
	Compliance Technology Now A Necessity For Hedge Funds	Jul 09/13
	Once viewed as a luxury reserved for only the largest hedge funds, compliance technology has entered the mainstream. The complexity of reporting obligations, combined with the expanded number of hedge fund investment advisers...Read more
	Hedge funds in positive territory despite equity and bond sell-off hits, says Lyxor	Jul 09/13
	All Lyxor indices ended the month of June in negative territory with the worst index performers being the CTA Long Term (-2.64 per cent), the Lyxor Long/Short Equity Market Neutral Index (-2.45 per cent) and the Long/S...Read more
	Greenwich Global Hedge Fund Index drops 1.15 per cent in June	Jul 05/13
	The Greenwich Global Hedge Fund Index ended June down 1.15 per cent based on preliminary estimates. It outperformed global equity and credit markets as measured by the S&P 500 (-1.34 per cent), MSCI World Index (-2...Read more
	SEC to Lift Ban on Hedge-Fund Advertising	Jul 04/13
	U.S. securities regulators plan to meet next week to adopt rules that would lift a long-time ban prohibiting hedge funds and other firms from advertising for private placements to sophisticated investors.The scheduling...Read more
	Expected Rotation Out of Bonds Rattles Hedge Funds	Jul 04/13
	A mass investor rotation out of bonds, expected earlier this year, has finally materialized—to the dismay of some hedge funds that say they now need bigger cash stashes and an increased appetite for risk in order to...Read more
	Hedge funds hit by June sell-off even as many still boast 2013 gains	Jul 04/13
	Sharp market sell-offs in June tripped up many veterans in the $2.25 trillion hedge fund industry with big name managers including Daniel Loeb, Barry Rosenstein, David Einhorn and Leon Cooperman nursing losses for the month....Read more
	Investment Banks Eye 'Hedge Funds for the Masses'	Jul 03/13
	Several investment banks are said to be eyeing the launch of hedge funds for retail investors with minimum investments as low as $1,000 following the launch of a Goldman Sachs fund in May that raised $58 million in less than t...Read more
	For financial geeks, a do-it-yourself hedge fund site	Jul 02/13
	In the secretive world of hedge funds, algorithms are not shared because they provide the juice behind market-beating returns, and are a key reason why hedge funds charge their clients "two and twenty" - an ann...Read more
	Operational due diligence is top concern for hedge fund investors	Jul 02/13
	Almost three quarters of hedge fund investors rank a fund’s compliance and regulatory framework as the top priority for 2013, according to Deutsche Bank’s Hedge Fund Consulting Group’s second annual operational due dil...Read more
	SOROS: The Efficient Market Hypothesis Has Run Into Bankruptcy	Jun 27/13
	In an interview with the Institute for New Economic Thinking George Soros argues that the "prevailing paradigm of efficient market hypothesis—rational choice theory has actually run into bankruptcy, very similar to the ba...Read more
	Top 100 Small- and Mid-Cap Hedge Funds oversee $255 billion; Icahn Associates claims the top spot	Jun 26/13
	The Top 100 Small-Cap and Mid-Cap focused hedge funds oversee $255 billion in U.S. equity SMID assets, according to the most recent rankings. The Top 100 SMID Hedge Fund list is led by a number of the largest U.S. hedge funds ...Read more
	US institutional investors favouring alternative mutual funds over hedge funds	Jun 26/13
	US institutional investor interest is turning to alternative mutual funds and away from hedge funds, according to the fifth annual alternative investment survey carried out by Morningstar and Barron’s. "Alternative...Read more
	Scout Capital Steps up Pressure on Tim Hortons	Jun 26/13
	TORONTO (Reuters)—Scout Capital Management, a U.S. hedge fund, said on Tuesday [June 25] it is urging Canadian coffee and doughnut chain Tim Hortons to increase its debt levels in order to fund a share buyback, measures that...Read more
	Hedge fund exits rise in June as investors reposition at mid-year	Jun 24/13
	Requests to pull money out of hedge funds rose in June as investors used the mid-year point to review their portfolios and release cash to spend elsewhere. Hedge fund administrator SS&C GlobeOp's forward redemption indi...Read more
	Hedge fund technology develops across the value chain	Jun 21/13
	Getting the right technology solutions in place for today’s hedge fund manager is a pressing concern. Tighter trade margins and growing regulatory/compliance costs are hardly conducive to ramping up a hedge fund’s annual IT ...Read more
	Hedge Funds Using ETFs for Trades	Jun 20/13
	Exchange traded funds have found their way into self-directed brokerage accounts of the average retail investor, financial advisor investment strategies, and even the world’s largest hedge fund. According to the hedge fund’s ...Read more
	European hedge funds struggle to break into U.S. market	Jun 20/13
	European and Asian hedge fund firms are finding the potentially lucrative U.S. market impossible to ignore, but as tough as ever to negotiate. Delegates at the annual GAIM conference in Monaco this week talked about the d...Read more
	Hedge Fund Performance May 2013: Returns Remain Modest as CTAs Struggle	Jun 19/13
	Preqin's preliminary hedge fund benchmarks show that the positive, albeit modest, start to the year has continued into May, with average returns of 0.65%. This is the twelfth consecutive month that hedge funds have posted posi...Read more
	Dow Jones Credit Suisse Hedge Fund Index up 0.42 per cent in May	Jun 19/13
	The Dow Jones Credit Suisse Hedge Fund Index finished up 0.42 per cent in May with six of the 10 sub strategies recording positive returns. Event driven led the way with a return of 2.27 per cent followed by convertible arbit...Read more
	Hedge funds wrong-footed on cocoa, soy, sugar bets	Jun 18/13
	Hedge funds, which it was highlighted last week had made a "disastrous" bet on corn, appear to have been wrong-footed for now on cocoa, soybeans and sugar too, regulatory data showed. Managed money, a proxy for sp...Read more
	Tim Hortons faces pressure from another activist investor	Jun 18/13
	(Reuters) - Restaurant chain Tim Hortons Inc, which recently outlined plans to address the concerns of activist investor Highfields Capital, now faces pressure from another such investor. U.S. hedge fund Scout Capital...Read more
	Hedge funds receive meagre USD430m in April	Jun 18/13
	Hedge funds took in a net USD430m (0.02 per cent of assets) in April, building on an inflow of USD817m in March, according to BarclayHedge and TrimTabs. The results are based on data from 3,393 funds. The industr...Read more
	Third Eye Capital launches Alternative Credit Trust	Jun 18/13
	Third Eye Capital Management has launched the Third Eye Capital Alternative Credit Trust (the ACT Fund), an open-ended unincorporated investment trust established under the laws of the Province of Ontario. The ACT Fund w...Read more
	78% of the top Mid-Sized Hedge Funds see their Assets increase YTD	Jun 17/13
	The most recent ranking for the Top 100 Mid-Sized Equity Hedge Funds has been released, revealing that the top hedge funds oversee a combined $65.1 billion in US equities. 78% of the hedge funds on the list saw their equity as...Read more