General News

	President Obama to Announce Comprehensive Plan for Regulatory Reform	Jun 17/09
	President Obama to Announce Comprehensive Plan for Regulatory Reform WASHINGTON – President Obama will lay out a comprehensive regulatory reform plan this afternoon to modernize and protect the integrity of our financial system. ...Read more
	Hedge funds in Cayman Islands withdraw from UK banks	Jun 16/09
	Hedge funds and financial institutions based in the Cayman Islands have been pulling their money out of Britain as they are hit by the credit crunch, according to figures from the Bank of England. The low-tax regime and limi...Read more
	Hedge-Fund Startups Sprout as Roc Gathers $1 Billion	Jun 16/09
	Arvind Raghunathan, former head of Deutsche Bank AG’s global arbitrage business, will open his new hedge-fund firm next month with more than $1 billion, a sign that investors are trickling back after record losses last yea...Read more
	36 South Starts Hyperinflation Bet After Black Swan	Jun 16/09
	36 South Investment Managers Ltd., whose Black Swan Fund gained 234 percent in 2008, is raising money for a new hedge fund, betting that government efforts to pump money into economies could result in hyperinflation. The Exc...Read more
	RBC Hedge 250 Index(R) returned 3.59 per cent in May 2009	Jun 16/09
	RBC Capital Markets today reported that for the month of May 2009 the RBC Hedge 250 Index(R) had a net return of 3.59 per cent. This brings the year-to-date return of the Index to 7.01 per cent. These returns are estimated and ...Read more
	Credit Suisse/Tremont Hedge Fund Index up 4.06 per cent in May	Jun 16/09
	The Credit Suisse/Tremont Hedge Fund Index was up 4.06 per cent in May, the largest monthly gain since February 2000. Emerging markets funds were the strongest performers, finishing up 6.96 per cent. The emerging markets sector ...Read more
	Canadian long-term fund sales highest since February 2008	Jun 16/09
	Canadian long-term fund sales in May were the highest they have been since February 2008, according to a report by the Investment Funds Institute of Canada. Total net sales in May were CAD939.2m and were composed of CAD1.93bn ...Read more
	Fund of Hedge Fund Liquidations Rose to Record in First Quarter	Jun 16/09
	Liquidations of funds that invest client money in hedge funds rose to a quarterly record in the first quarter, according to Hedge Fund Research Inc., as almost 200 closed following the December disclosure of Bernard Mado...Read more
	Lake Shore Fund Director Baker Indicted in $300 Million Fraud	Jun 16/09
	Philip J. Baker, managing director of the collapsed Chicago hedge fund Lake Shore Asset Management Ltd., was indicted by a U.S. grand jury for allegedly operating a $300 million fraud scheme. The 27-count indictment was ...Read more
	Sextant Capital cease-trade order extended	Jun 16/09
	The Ontario Securities Commission Tuesday has ordered Sextant Capital Management Inc. to continue to refrain from selling and trading in its former high-flying hedge fund until Sept. 17. OSC staff asked for an extension of ...Read more
	Asia Hedge Funds on ‘Radar’ After Beating Peers, Citigroup Says	Jun 15/09
	Asian hedge funds are attracting growing interest from investors as managers focusing on the region outperform global peers, said Andrew Hill, director of prime finance for Asia-Pacific markets at Citigroup Inc. “T...Read more
	Australian Hedge Funds Return 3.2% in May on Commodities Rally	Jun 15/09
	Australian hedge funds returned an average 3.2 percent in May as commodities-related funds helped the industry beat gains in equities. The Australian Fund Monitors Index, which tracks the performance of more than 2...Read more
	In defence of private equity	Jun 15/09
	I was pleased to read of Sweden's willingness to back our government in resisting proposed EU regulations which would have a highly damaging effect on the portfolio companies that private equity institutions own, and hence on t...Read more
	Hedge fund rebound predicted	Jun 15/09
	The beleaguered hedge fund industry is poised for a reversal in fortunes as investors are lured back in by sharply improved performance.Stinging investment losses and a wave of redemptions saw the industry’s assets contract to ...Read more
	Standards ‘not very important’ to investors	Jun 15/09
	The majority of hedge fund investors remain unmoved by the industry’s own attempts to improve standards after the ructions of the past two years.The Credit Suisse survey found 63 per cent of investors said it was either “positi...Read more
	Margareta Pagano: Our brilliant City financiers? They're all tarts at heart	Jun 15/09
	One of the City's most blue-blooded stockbrokers once told me there is a simple reason why London has been the hub of global finance for more than 300 years – British financiers are brilliant hustlers. As wel...Read more
	Rumours of hedge funds' death are greatly exaggerated	Jun 15/09
	The hedge fund association for Canada, called the Alternative Investment Management Association, held a lunch on Tuesday that featured a debate between Toreigh Stuart, chief executive office of Man Investments Canada Corp.,...Read more
	Valuescope Launches Public Version of Finsights	Jun 15/09
	SaaS Application Consolidates Financial Technology News of over 4,000 Global Institutions in a Single User InterfaceMUNICH, Germany, 15 June 2009 – Valuescope GmbH, a specialist in semantic web business applications, todaylaunched...Read more
	Hedge fund costs add up to bad math	Jun 13/09
	Tom Bradley is president of Steadyhand Investment Funds Inc. tbradley@steadyhand.com I'm not a hedge fund manager, but I find their place in the industry to be forever fascinating. Indeed, this week I went so far as to publicly ...Read more
	Hedge Funds and Managed accounts	Jun 12/09
	With the notable shenanigans perpetrated by some hedge fund managers, managed accounts seem like a no-brainer. After all, who wouldn’t want to be in full control of their own private hedge fund? You could redeem whenever...Read more
	Hedge funds see best month in 9 years	Jun 12/09
	Hedge funds returned an average 5.2% in May, the best performance in more than nine years, as they drew more money and global markets rallied, said research firm Eurekahedge, reports Bloomberg. The Eurekahedge Hedge Fund In...Read more
	Ex-Lehman, GIC Managers Fuel Asia Hedge-Fund Industry Renewal	Jun 12/09
	Former Lehman Brothers Holdings Inc. and Government of Singapore Investment Corp. traders are among an estimated 32 hedge-fund startups in Asia that are offering strategies beyond equities, after a record 180 funds closed i...Read more
	Caught short	Jun 12/09
	Returns may have improved but hedge funds still face a lot of problems THE hedge-fund industry is making money again. Figures from Hedge Fund Research (HFR), a consultancy, show that the average fund gained 5.2% in May, the b...Read more
	RMF, Glenwood renamed as Man Investments	Jun 12/09
	The newly amalgamated business merging Man Group’s funds of hedge funds units, RMF Investments and Glenwood, is to be named Man Investments. The renaming comes amid a reorganisation of the businesses that is forecast to trim co...Read more
	Hedge Funds Post Best Performance Since February 2000	Jun 12/09
	Hedge funds returned an average 5.2 percent in May, the best performance in more than nine years, as they attracted more money and global markets rallied, Eurekahedge Pte said. The Eurekahedge Hedge Fund Index, tracking more...Read more
	Citadel in Rescue Talks With E-Trade, Report Says	Jun 11/09
	E*Trade Financial is in talks with Citadel Investment Group, the hedge fund that is its largest shareholder, about a deal to shore up the struggling brokerage firm’s balance sheet, The Wall Street Journal reported, citing pe...Read more
	Clarium Loses 1.4% In May	Jun 11/09
	May might have been the best month in nine years for hedge funds, but it certainly wasn’t for Clarium Capital Management. For the second straight month, the $1.8 billion San Francisco-based hedge fund missed out on the stock ...Read more
	Reluctant hedge fund managers eye M&A deals	Jun 11/09
	The beleaguered hedge fund industry is rife with talk of consolidation, as dwindling asset bases eat into firms' profits, with the key barriers likely to be hedge fund managers' egos and poor rewards for sellers. Man Group ...Read more
	OECD adds Bermuda to "white list"	Jun 10/09
	Following Bermuda's signing of its 12th Tax Information Exchange Agreement with the Netherlands, the OECD has updated its progress report to include Bermuda with other jurisdictions that have substantially implemented the inter...Read more
	Hedge Fund Managers Switch Strategies and Reap Rewards	Jun 10/09
	In mid-March, with the global stock markets plunging, Philippe Jabre, a hedge fund manager based in Geneva, started buying bombed out financial stocks in the United States, Europe and Asia. A procession of sleepless nights fol...Read more
	Hedge funds may take few months to restore mojo	Jun 10/09
	We're not quite there yet, but hedge fund managers may soon need to start giving away toasters – or perhaps plasma TVs – to woo new investors. Forcing the funds to eat a little humble pie now would benefit hedge fund investors ...Read more
	Europe’s Top 50 Hedge Funds Suffer Carnage	Jun 10/09
	Alpha's Europe Hedge Fund 50 hurt by performance losses and investor withdrawals. It seemed nearly impossible for even Europe’s most successful hedge fund managers to dodge the blizzard of redemptions that cha...Read more
	Pension fund rethink may buoy hedge funds-Lipper	Jun 10/09
	* Q1 hedge fund outflows second largest since 1994 * Signs that outflows are tapering off * Some pension funds rethinking hedge fund allocations By Martin de Sa'Pinto ZURICH, June 9 (Reuter...Read more
	Israel’s Girlfriend Sentenced to 3 Years’ Probation	Jun 10/09
	Debra Ryan, the girlfriend of Samuel Israel, convicted for his role in a $400 million fraud involving the collapse of hedge-fund firm Bayou Group LLC, was sentenced to three years’ probation for aiding his escape. ...Read more
	Flood of ETFs promising hedge fund-style returns	Jun 10/09
	Money managers are flooding the market with exchange-traded funds (ETF) and mutual funds designed to give even the smallest of investors access to hedge fund returns without all the usual restrictions or hefty fees. I...Read more
	Hedge Funds Eye Unlocking Gates	Jun 10/09
	Hedge funds may have found a way to keep both themselves and their investors happy when it comes to redemptions. After drawing fierce criticism from investors for imposing so-called "gates," those dreaded redemptio...Read more
	American Hedge Funds Report Best Month in a Decade	Jun 09/09
	May appears to have been hedge funds’ best month since 1999, with the Absolute Return Composite Index rising an estimated 3.1% for the month. A result that strong would push hedge funds up a total of 6.11% this year, accordi...Read more
	Advisers cautioned on re-emergence of structured products	Jun 09/09
	The managing director of independently-owned asset consultant firm CPG Research and Advisory has lamented the recent launch of new structured products by investment banks. "Sadly, in the past few weeks we have seen the lau...Read more
	Like CDOs, only better	Jun 09/09
	A novel insurance product designed to provide protection against one-in-100 year cyclones and other catastrophic natural events is being touted as a safety net for the next global financial crisis. It is ironic that the inn...Read more
	Hedge Funds' Latest Idea: Investing in Lawsuits	Jun 09/09
	We came across this interesting piece in Dealbook the other day and thought it was very intriguing. Simply put: hedge funds are now investing in lawsuits. The premise is pretty simple: they invest in one side of the lawsuit and...Read more
	Stock Hedge Funds Rose 7.1 Percent in May, Most in Nine Years	Jun 08/09
	Stock hedge funds climbed an average of 7.1 percent in May, their best monthly performance in more than nine years, according to Hedge Fund Research Inc. Equity funds gained 13 percent this year through May, second only to ...Read more
	Och-Ziff to seed new portfolios with own money	Jun 08/09
	Listed hedge fund company Och-Ziff is planning to use its own money to seed its new portfolios in a move the firm hopes will inspire client confidence and attract additional investment. The New York-based firm, one of th...Read more
	Funds-of-hedge-funds proceeding with extreme caution, says S&P Fund Services	Jun 08/09
	Funds of hedge funds' underlying net and gross exposures are at historically low levels, according to an update on the sector by Standard & Poor's Fund Services. "Use of leverage by S&P Fund Services rat...Read more
	Bowne launches two new compliance software solutions for hedge funds	Jun 08/09
	Bowne & Co has launched two new compliance solutions for hedge funds and other registered investment advisers, Bowne ComplianceTrak and Bowne Form SH Generator. Both are powered by HedgeOp Compliance. Bowne Complianc...Read more
	Hedge fund index jumps highest since 2000	Jun 08/09
	The hedge fund industry bounced back with one of its strongest performances in nearly a decade in the month of May. According to Hedge Fund Research (HFR), one of the leading indices on the industry – the HFRI...Read more
	Hedge fund managers act to regain trust	Jun 08/09
	After bitter experiences with hedge funds last year, investors want a better deal. Angry that they were prevented from redeeming their investments and newly cautious following the revelation of the Madoff fraud, ma...Read more
	State Street Selected by Rio Tinto	Jun 08/09
	State Street Corporation (NYSE: STT), the world's leading provider of financial services to institutional investors, announced today that it has been appointed by Rio Tinto, a leading international mining group, to provi...Read more
	Credit Suisse AIR gains signal another positive month of hedge funds	Jun 05/09
	Equity rallies led to positive hedge fund returns in May, though managers remain cautiously positioned, according to Jordan Drachman, Head of Research for Alternative Beta Strategies at Credit Suisse.'Overall, hedge funds gene...Read more
	Copycatting Tiger Cubs, Beating Buffett	Jun 05/09
	Do you sincerely want to beat the market? Well, here's one clever way to try and accomplish that difficult-to-achieve ambition. You can access, with some time delay, the largest holdings of the most successful hedge funds, li...Read more
	Goodman & Company announces change to fee structure on two hedge funds	Jun 05/09
	Goodman & Company, Investment Counsel Ltd("Goodman & Company"), manager of the Dynamic family of funds, today announcedthat high water marks will be added to two hedge funds - Dynamic Power HedgeFund and Dynamic ...Read more