Opalesque Exclusive: Australian superannuation funds express interest in managed futures and macro funds... [more] Damien Hatfield, of Triple A Partners Australia, did a road-show with Bill Marr, who runs a CTA (Ramius Trading Systems (RTS)) a few weeks back in both Australian and New Zealand, and found that there w
Performance – Hedge funds feel pressure with August results, No high fives for absolute losers, Swiss Funds Association on hedge fund performance: assessing indexes and interest rates correctly and taking a long-term view... [more] Hedge funds feel pressure with August results
Hedge fund managers are under pressure to deliver strong performances in the last four months of the year after yet another month of mixed results, reports the FT. While August was, on average, positive for the industry, some big managers str
Indices – UCITS Alternative Index Global returns 0.14% in August (-0.14% YTD), UCITS HFS Index up 0.43% in August 2010 due to solid gains in first three weeks (2.69% YTD)... [more] UCITS Alternative Index Global returns 0.14% in August (-0.14% YTD)
In August the UCITS Alternative Index Global is up 0.14% bringing its year to date performance to -0.14% while the Fund of Funds Index is down -0.35% bringing its performance for the year to -1.18%. The CTA Index and Ma
Comment – Silver lining for the fund of hedge funds model?, Bankruptcy court is latest battleground for traders... [more] Silver lining for the fund of hedge funds model?
From FT.com (Sept 5): Among the casualties of the financial crisis is the fund of hedge funds business model. Investors are no longer prepared to pay a double layer of fees without more reassurance they will get value for money and are mu
Manager Profile – Meet the Tory's latest donor: Louis Bacon, founder of Moore Capital Management... [more] From Dailymail.co.uk: He is known in the City as the Capo de Capi - or 'boss of bosses', a title which reflects Louis Bacon's almost omnipotent status as head of one of the world's largest hedge funds with a personal fortune put at more than £1 billion. …
… His hedge fund is embroiled in two s
Legal – Investors in Polygon Global Opportunities Fund take legal action to get cash back... [more] From WSJ.com: UBS AG and several other investors are taking legal action to force U.K. fund manager Reade Griffith to speed up the return of their money, underscoring how some frustrated investors are resorting to the courts to recoup their cash.
Mr. Griffith, whose flagship fund managed rough
North America – Bear Roubini: The US consumer will drag us back into recession, Wall Street’s IPO pipeline is jammed, Obama unveils infrastructure plan... [more] Bear Roubini: The US consumer will drag us back into recession
From Citywire.co.uk: Influential market commentator Nouriel Roubini (pictured) believes the US has ‘run out of bullets’ in its efforts to stimulate the economy and expects it to drag the global economy back into recession… fu
Europe – NewSmith staff share GBP27m payout, FoHFs house Caliburn Capital announces AAF 01/06 operational review, EU Commission president vows to tackle market speculators... [more] NewSmith staff share GBP27m payout
From Telegraph.co.uk: Staff at NewSmith Capital, one of London's best known hedge funds, have shared a payout of £27.2m as a result of steller investment performance during 2008, the toughest year of the financial crisis.
The hedge fund group, wh
Gartmore’s troubles continue, may lose mandate... [more] Opalesque Industry Update – Problems at London-based asset manager Gartmore continue to pile up. Its lead portfolio manager has left and the firm risks losing a mandate to run one of its own investment trusts,
Asia – Hedgies boost focus on China M&A activity, says Copal, Keen depth of knowledge reaps rewards in China, Julius Baer hunts Asian expansion... [more] Hedgies boost focus on China M&A activity, says Copal
From Asianinvestor.net: Consolidation activity is forecast for China’s cement and bottled beverage industries, and hedge funds and investment banks are scouring for possible mergers in those sectors, according to London-based research
People – Insparo hires new chief strategist Graham Stock, HSBC appoints Amy McNally to alternative investment division, Matrix appoints Alkesh Chohan as analyst to fund of hedge funds group, Hedge fund analyst Sara Grillo aims to help women join industry... [more] Insparo hires new chief strategist Graham Stock
Insparo Asset Management has appointed emerging markets veteran Graham Stock as Chief Strategist. Graham will play a decisive role in continuing the success the firm has enjoyed since launching in 2008. Graham will join the core management
’The Hedge Fund Fraud Case Book’: Hedge fund fraud is a conjunction of an
ancient crime and a modern application... [more] From Hedge Fund Appraisal: I came across a very interesting book written by Bruce Johnson called “The Hedge Fund Fraud Case Book”. The author spent more than a decade as a hedge fund practitioner, managing and advising funds. He was CEO of Albourne America LLC, the U.S. arm of Albourne Partners, a h
Niche Investing – Wealthy buy art and vintage items... [more] From Efinancialnews.com: Periods of stress spark bouts of spending on items of nostalgia and passion as the wealthy seek comfort from memories of the past, according to investment managers. But whether buying Old Masters, vintage boats or fine Bordeaux can be considered a return-seeking investment o
Philanthropy – Hedge Funds Care assists with family reunification programme, Soros makes $100m gift to Human Rights Watch, Chinese entrepreneur joins Gates-Buffett charity cause... [more] Hedge Funds Care assists with family reunification programme
From Caymannetnews.com: In May 2010, the Cayman Chapter of Hedge Funds Care (HFC) announced that the Children and Youth Services (CAYS) Foundation was to be awarded a grant to fund their Family Reunification Programme. HFC rece
Events –100 Women in Hedge Funds 2010 Gala in aid of Solidarité Femmes, Sept 22, Geneva, Seminars on the past, present and future of the hedge fund industry, Nov 24-26, Singapore... [more] 100 Women in Hedge Funds 2010 Gala in aid of Solidarité Femmes, Sept 22, Geneva
Expect some extra sparkle at 100 Women in Hedge Funds Geneva Gala. This
elegant black tie dinner and fundraiser includes an auction with an
extraordinary diamond necklace as a featured item, as well as a l
News Briefs – Steve Cohen's ex-wife is now suing her lawyer, MSCI launches family of ESG indices... [more] Steve Cohen's ex-wife is now suing her lawyer
Patricia Cohen, the ex-wife of hedge fund kingpin Steve Cohen, is going after the high-profile lawyer behind her now-abandoned effort to grab a controlling stake in Cohen's $13 billion hedge fund empire. (www.nypost.com)
MSCI launche
... And Finally – This dog dances the Merengue (video)... [more] From ABC News: Carrie and her owner, Jose Fuentes, amaze with this dance routine. Video: