Opalesque Roundtable: Investors need institutionalization... [more]Komfie Manalo, Opalesque Asia: Investors are looking for institutionalized hedge funds and CTAs, because of the need for a defined process and a sophisticated infrastructure for compliance, accounting, and technology, along with business continuity and succession plans , according to Arthur Bell,
Former GMO money manager Nanda said to start hedge fund... [more]From Bloomberg.com: Nick Nanda, a former portfolio manager in the asset allocation group of Grantham, Mayo, Van Otterloo & Co., is starting a hedge fund that will make bets globally on rising and falling prices across markets, according to a person familiar with the matter. Nanda, who left GMO last
Worst-performing hedge funds of the year revealed... [more]From FT.com: Hedge funds run by Odey Asset Management and Fortress Investment are among some of the worst performing this year, with the Greek crisis, China’s stock market rout and uncertainty over US monetary policy catching many large managers off guard.
The €2.7bn Odey European fund, run by
Legal - Boston pension fund leads suit vs. banks over collusion... [more]From Bostonheraldo.com: Boston’s municipal pension fund is the lead plaintiff in the first nationwide class-action lawsuit alleging a conspiracy by more than 20 of the world’s largest financial institutions to manipulate the prices of U.S. Treasury securities they sold to the fund and other investor
North America - Puerto Rico can manage debt, hedge-fund backed study finds... [more]From Bloomberg.com: A report released by a group of hedge funds that own $5.2 billion of Puerto Rico bonds said the island’s central government can pay what it owes, showing the resistance the commonwealth faces as it seeks to restructure its $72 billion of debt. Budget cuts and tax increases would
News Briefs - CalPERS' hedge fund exit debated... [more]CalPERS' decision to exit hedge funds was the topic of debate again recently, this time at the CFA Institute's 60th Annual Financial Analysts Seminar in Chicago, July 20-23. Yiorgos Allayannis, a professor at the University of Virginia's Darden School of Business, led the discussion, which was based
…And Finally - Cosbying 2.0... [more]From Newsoftheweird.com: A court in Castrop-Rauxel, Germany, fined a 23-year-old man in July after he admitted that, one evening last year, he put "four or five drops" of a sedative into his girlfriend's tea without her knowledge -- so that she would doze off for the evening and not bother him while