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Thursday, December 13, 2018

General News




Oregon wins first round against college fund manager
Aug 18/09
Oregon won the first round in a $36 million court battle against the former investment manager of its college fund by keeping the lawsuit out of federal court. U.S. District Judge Michael Hogan ruled that the case be remande...Read more



Man's RMF fund invests in Hong Kong's Minerva Macro Fund
Aug 18/09
Man Investments' seeding fund, RMF Global Emerging Managers, has completed its second incubation deal of the last two months, providing a cornerstone investment of USD50m for Hong Kong's Minerva Macro Fund. In July RMF GEM in...Read more



Barclay Hedge Fund Index up 3.11 per cent in July
Aug 17/09
Hedge funds rose 3.11 per cent in July, according to the Barclay Hedge Fund Index compiled by BarclayHedge. The index now has five consecutive months of gains in 2009 resulting in an increase of 16.23 per cent since 1 March. 'D...Read more



Man Group to sell rest of MF Global
Aug 17/09
Hedge fund manager Man Group said Friday that it entered into a variable forward sale agreement with Nomura International to sell its remaining stake in MF Global. The transaction is the final step in Man Group's complete dispo...Read more



Hedge Funds are Good
Aug 17/09
Hedge funds took the blame for much of last year's financial havoc, but the fact is that they have played a much more benign role than is commonly thought. Sure, plenty of funds went under with the market plunge: a record 1,471...Read more



CIBC's fixed income, currencies and distribution activities move to Hong Kong
Aug 17/09
CIBC's fixed income, currencies and distribution activities in Singapore are relocating to a new office in Hong Kong from 17 August. The decision follows a review of opportunities to strengthen client relationships and grow it...Read more



George Soros Cut Petrobras Stake in Second Quarter
Aug 17/09
Billionaire George Soros cut his stake in his biggest holding, Petroleo Brasileiro SA, in the second quarter while buying more shares of other energy producers. His New York-based hedge-fund firm, Soros Fund Manage...Read more



RBC Hedge 250 Index Returned 2.10% in July
Aug 17/09
RBC Capital Markets today reported that for the month of July 2009 the RBC Hedge 250 Index® had a net return of 2.10 per cent. This brings the year-to-date return of the Index to 13.04 per cent. These returns are estimated a...Read more



Tremont To Unload Fund Of Funds’ Assets At Auction
Aug 17/09
Tremont Group Holdings, one of the biggest losers in the Bernard Madoff Ponzi scheme, will auction off most of its remaining hedge fund assets. The New York-based firm has hired investment bank Duff & Phelps to oversee the...Read more



Salida: ‘Back from the abyss'
Aug 15/09
When Salida Capital Corp. beat all other bidders in a charity auction last month to score lunch with Warren Buffett, the $1.68-million (U.S.) win sent a signal to Bay Street: Salida is back. Little has been heard from the once hig...Read more



Amaranth fined USD7.5m for attempted manipulation of gas futures prices
Aug 14/09
The US Commodity Futures Trading Commission has entered into a consent order settling charges brought against Amaranth Advisors, based in Greenwich, Connecticut, and its Calgary subsidiary for attempting to manipulate the price of...Read more



A potential winner from the crisis
Aug 14/09
The past two years have been turbulent ones for the hedge fund industry, and Luxembourg has not been exempt from the global decline in assets under management resulting from falling stock markets and a new mood of caution among in...Read more



U.S. Group Seeks EU Fund Directive Answers
Aug 14/09
The U.S. Investment Adviser Association has called for clarification on the European Commission's plans to roll investment managers from outside the EU into the proposed Alternative Investment Fund Managers Directive. The IAA is c...Read more



Hedge funds: Know when to walk away
Aug 14/09
Handing back money when your heart's not in the job, may not be ideal, but at least it's honest.When is the right time to quit the hedge fund rat race? For Tim Barakett at Atticus Capital it's at the age of 44 with $1 billion in t...Read more



Dawn of the investment assembly line
Aug 14/09
Machines are taking over the management of equity assets, according a new report issued this week by Tabb group, the research house that drew heavy attention to the proliferation and effects of high frequency trading in US equity ...Read more



Deloitte launches networked enterprise hedge fund model
Aug 13/09
Deloitte has launched a networked enterprise hedge fund model that offers a framework for the industry to manage risk and remain profitable as the roles of prime brokers and third-party administrators evolve. "As investo...Read more



Discounts narrow but hedge fund market still in the balance
Aug 13/09
The hedge fund market still has some way to go before it returns to historical levels, according to the latest quarterly index from secondary hedge fund market provider Hedgebay Trading. Secondary market data for the second qua...Read more



Automation the key as alternative funds go Ucits
Aug 13/09
Pressure is growing on alternative fund managers from institutional investors and regulators to accept a more regulated environment. Even before the finalisation of the European Union's Directive on Alternative Investment Fund ...Read more



U.S. agencies fine Amaranth hedge fund $15 million
Aug 13/09
Amaranth Advisors, the largest collapsed hedge fund in history, has been ordered to pay $15 million in civil fines for attempting to manipulate natural gas markets, federal agencies said on Wednesday. The Commodity Fu...Read more



Hedge Funds Rally in July on Stock Gains, Eurekahedge Says
Aug 13/09
Hedge funds extended their rally in July as equities managers benefited from global stock market gains, according to Eurekahedge Pte. The Eurekahedge Hedge Fund Index, tracking more than 2,000 funds, added 2.1 perc...Read more



Electra Information Systems appoints George Wishart as Global Sales Director
Aug 13/09
Electra Information Systems, Inc., a leading provider of reconciliation, trade automation and settlements solutions, today announced the appointment of George Wishart as Global Sales Director.    Mr. Wishart has ...Read more



Hedge funds beat equity index
Aug 13/09
The Hennessee Hedge Fund Index continued to outperform the S&P 500 in 2009 advancing 3.37% in July to take the index to a positive 15.5% year to date. "Hedge funds underperformed in July, as we would expect, but were...Read more



Mina Gerowin to receive European Industry Leadership Award
Aug 12/09
Mina Gerowin, managing director of Paulson Europe, will be the recipient of the 100 Women in Hedge Funds 2009 European Industry Leadership Award. Gerowin will be presented with the award at a 100 Women in Hedge Funds fundrais...Read more



Long-only leads hedge fund returns in July -Lipper
Aug 12/09
Long-only hedge fund strategies posted the best returns of the asset class in July as global stock markets continued their upward trend, according to data in a report published by Lipper Global on Tuesday. As the industry look...Read more



Hedge funds strategies positive as markets trade in consolidation mode
Aug 12/09
All hedge fund strategies posted positive performance in July as global stock markets traded in a consolidation mode on better quarterly earnings and forward-looking expectations of better economic conditions ahead, according t...Read more



Credit Suisse/Tremont Hedge Fund Index to finish up 2.35 per cent in July
Aug 12/09
Early estimates indicate the Credit Suisse/Tremont Hedge Fund Index will finish up 2.35 per cent in July, based on 62 per cent of assets reporting. July was a positive month for hedge funds, with convertible arbitrage and cred...Read more



Valuescope announces Finsights’ full compatibility with IE
Aug 12/09
Saas financial news application optimized to run on recent versions of all major Internet browsers.MUNICH, Germany, 12 August 2009 – valuescope GmbH, a specialist in semantic web business applications, today announced its flagship...Read more



BluMont completes fund mergers
Aug 12/09
BluMont Capital Corporation has completed merging the BluMont Canadian Opportunities Fund and the BluMont Hirsh Long/Short Fund into the BluMont Core Hedge Fund. As a result of the merge, the Canadian Opportunities Fund and ...Read more



Atticus Capital closing two hedge funds
Aug 12/09
Investor Timothy Barakett on Tuesday said Atticus Capital, which suffered some of the hedge fund industry's steepest losses last year, is closing two of its three funds and will return $3 billion to shareholders. The ...Read more



Madoff aide to plead guilty in Ponzi scheme
Aug 11/09
Bernard Madoff's top lieutenant in his Ponzi scheme is scheduled to plead guilty Tuesday to federal charges in what many legal observers believe is a cooperation deal that could lead to trouble for ...Read more



Should hedge funds worry about porous Chinese walls?
Aug 11/09
Nowadays most hedge fund managers who use leveraged trading strategies such as relative value to exploit pricing inefficiencies employ multiple prime brokers. If you ask them why, they will generally answer that, post Lehman,...Read more



Madoff-Linked Funds Sue Insurers Over Liability Costs
Aug 11/09
Tremont Group Holdings Inc. and other feeder funds to Bernard Madoff’s defunct investment advisory business sued insurers including a CNA Financial Corp. unit for failing to cover Madoff-related litigation. Tremont...Read more



Why the SEC Is Targeting Flash Trading
Aug 11/09
Some observers see Securities & Exchange Commission Chairwoman Mary Schapiro's announcement on Aug. 4 that the SEC will seek to ban ultra-high-speed stock trades -- which give institutional traders a big edge over retail in...Read more



Has Environmental Investing Entered the Mainstream?
Aug 11/09
GLG Partners, Inc. (“GLG”) (NYSE: GLG), the U.S.-listed asset manager, has engaged Mercer’s investment consulting business, to examine if the perceived need to tackle the issues around climate change and other major environment...Read more



Survey reveals trend towards increased allocations to hedge funds
Aug 11/09
A survey of over 150 senior figures surveyed within the UK pensions and investment industries reveals that nearly three quarters of respondents (74 per cent) believe pension funds will increase their exposure to hedge fund and/...Read more



Ex-Lehman Fuchs Seeks $1 Billion for Nomura-Backed Hedge Fund
Aug 10/09
Global Opportunities Group, a hedge fund with roots to Lehman Brothers Holdings Inc., is seeking to triple assets to $1 billion next year by raising capital from outside investors for the first time. The internal Asia-focuse...Read more



Hedge fund returns best in ten years, says HFN
Aug 10/09
The HFN Hedge Fund Aggregate Average was up 2.44 per cent in July and up 11.89 per cent for the first seven months of 2009, according to HedgeFund.net. It is the highest first seven month performance since 1999, when hedge fu...Read more



AIG’s Hedge Funds Rebound After $2 Billion Losses
Aug 10/09
American International Group Inc., the insurer bailed out by the U.S., benefited from hedge funds for the first time in a year as the company returned to profitability in the second quarter. AIG earned $121 million fr...Read more



GLG reports narrower quarterly loss
Aug 07/09
Asset management company GLG Partners reported a narrower quarterly loss on Thursday and beat analysts' expectations, which helped boost its stock price. The London-based company, one of only a few publicly traded firms to of...Read more



Sentence set today in Ponzi scheme
Aug 07/09
A Kerrville man scheduled to be sentenced today claimed to 35 area investors that his company would trade crude oil commodity futures in a hedge fund that would give them a significant return.But the hedge fund Stuart J...Read more



Railways pension invests 65 million pounds in hedge fund
Aug 07/09
The UK Railways Pension Schemes, one of the UK's largest plans, has invested 65 million pounds in London-based asset manager Goodhart Partners' global long-short equity fund of hedge funds. Railpen Investments, the fund man...Read more



Uncertain outlook for star-studded Sprott Inc.
Aug 07/09
When Sprott Inc. went public last year, there was plenty of hoopla surrounding the firm with its star hedge fund managers - including Eric Sprott - and its ability to attract other top-performing peers.But shares of the Toronto-ba...Read more



Funds to CFTC: Don't blame us for energy price swings
Aug 06/09
* Energy funds say they not part of the problem * CFTC's Gensler reiterates need for position limits * CFTC may publish proposed rules in the fall (Adds comments from John Arnold, CFTC commissioner) ...Read more



SEC May Delay Short-Sale Curbs by Reopening Comments on Rules
Aug 06/09
The U.S. Securities and Exchange Commission may seek additional feedback on whether to limit short-selling, people familiar with the issue said, prolonging a debate between hedge funds and banks whose shares slid in the financ...Read more



State pension shake-up
Aug 06/09
In a major strategy shift, the state pension fund’s board opted yesterday to pull back from more than a quarter of its investments in hedge funds - just over $1 billion - and disburse them among national, international and emer...Read more



Chicago Hedge Fund Uses Heat Maps to Track Markets
Aug 06/09
KMM Trading, a Chicago-based hedge fund led by JP Morgan veteran James Gislason, is using data visualization software to filter and keep an eye on market data.Heat maps — computer-generated visual displays that can give molecul...Read more



IAM director resigns
Aug 06/09
Victor Koloshuk, chairman and CEO of Integrated Asset Management (IAM) Corp., announced that Paul Perrow has resigned as director of the firm. Perrow has also resigned as president and CEO of BluMont Capital, IAM's retail alt...Read more



Hedge fund performance retreats in June
Aug 05/09
Despite ending the second quarter on a positive note, hedge fund strategies' performance retreated in June as global markets moved sideways, according to a report by Lipper.  Easing from the highest monthly performance since F...Read more



Alternatives directive could cost pension industry EUR25bn a year
Aug 05/09
The Alternative Investment Management Association has warned that the European Commission's draft directive on alternative investment fund managers could cost Europe's pension fund industry up to EUR25bn a year if implemented i...Read more



More than 1,300 funds link to DTCC's reconciliation service
Aug 05/09
The Depository Trust & Clearing Corporation says more than 1,300 investment funds participating in the syndicated loan market and administered by more than 80 fund managers are now linked to its Loan/Serv Reconciliation Ser...Read more

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