... [more] From Kirsten Bischoff, Opalesque New York:
Hunting for seed money has always been an active part of asset-raising within the hedge fund community. Typically an investment space reserved for those familiar with and enthusiastic about developing promising talent, seed money often came from suc
... [more] From Sagar Chakraverty, Opalesque Asia:
"In the current economic environment, the multi-prime model transcends hedge fund size," said an independent study conducted by Pershing Prime Services, a subsidiary of the Bank of New York (BNY) Mellon Corporation. This study was also supported by Aite
... [more] From Investmentweek.co.uk: HSBC Global Asset Management is to launch a Ucits III European absolute return fund next month. The HSBC GIF European Alpha Equity fund will seek opportunities - via a market neutral strategy - across developed Europe, implemented primarily through equities and equity swa
... [more] From Hedgenordic.com: Norwegian hedgefund Norden Absolute Energy has closed down. The fund traded in power derivatives at Nord Pool and other European exchanges.
Norden Absolute Energy has ceased all trading activities and the fund is closed, writes Norden Absolute Energy on their website. The f
... [more] Philadelphia International Advisors' Bartram hedge fund raises $864m
From Citybizlist.com: According to an amended Reg D filing with the U.S. Securities and Exchange Commission, Philadelphia International Advisors' Bartram International Fund LP has raised $864m.
The sole principal
... [more] All but two EDHEC hedge fund indices were positive in January, top performers CTA Global and L/S equity
In February, the stock market showed more stability as implied volatility (19.50%) dropped significantly and passed below the 20% mark for the first time since May 2008. The S&P 500 in
... [more] In a paper entitled "Does Recognition Explain The Media-Coverage Discount? Contrary Evidence From Hedge Funds", Gideon Ozik and Ronnie Sadka examine the effects of media coverage on future hedge fund performance.
Abstract:
Previous studies document a media-coverage discount in the cross-
... [more] Smart Energy's Lang bets against hedge funds' positions to repeat last year's 83% gain
From Bloomberg.com: The top-ranked investor in renewable energy last year is betting hedge funds are wrong. Thiemo Lang, manager of the 500m euro ($685m) SAM Smart Energy Fund, is buying stocks that m
... [more] Yale cuts hedge funds to hold more private equity, real assets
From Bloomberg/Businessweek.com: Yale University, whose endowment is the top performer in the U.S., is cutting its target allocations in hedge funds to allow for bigger stakes in private equity and real estate, the asset clas
... [more] When is an alternative asset really alternative? Investors are re-categorizing their investments
From WSJ.com: Public pensions are increasingly asking a question that has haunted investors since the financial crisis: When is an alternative investment really more of the same? So-called al
... [more] Lehman accord on JPMorgan claims wins court approval
From Bloomberg/Businessweek.com: Lehman Brothers Holdings Inc.'s settlement of JPMorgan Chase & Co. claims was approved by a judge who called the accord the largest transaction since the company's bankruptcy filing 18 months ago.
... [more] Goldman Sachs sued for not divulging internal Madoff ban to client
From Law.com: A Bernard Madoff victim who lost $15m is suing Goldman Sachs for allegedly failing to tell him in 2004 that it had put a taboo on the Madoff Fund and that he should pull his money out. Retired businessma
... [more] San Diego County to appeal Amaranth dismissal
From Pionline.com: The board of the San Diego County Employees Retirement Association will appeal a U.S. District Court judge's dismissal of its lawsuit against hedge fund Amaranth Advisors; the hedge fund's founder, Nicholas M. Maounis; and
... [more] The Futures Industry Association filed a major comment letter in opposition to the adoption by the Commodity Futures Trading Commission of its proposed speculative position limits on energy commodities.
"The FIA strongly supports the CFTC's ongoing efforts to prevent price manipulation and to
... [more] Investec AM registers three Ucits funds in Germany and Switzerland
From Hedgefundsreview.com: Investec Asset Management has registered in Germany and Switzerland three recently launched Ucits funds. The Luxembourg-domiciled funds will be aimed at international investors, discretionary bu
... [more] From IPE.com: The impact of the global financial crisis on investor sentiment, investment decisions and future strategic allocations, remains fresh in the minds of fund executives. Roy Chen, Hong Kong-based CEO of family office Grace Financial, summarises the view of his peers: "Is it a safer place
... [more] Family offices may poach hedge fund staff
From Reuters.com: Families so rich they employ their own investment managers are set to increase their recruiting from an untapped pool of talent: hedge funds. And in the wake of the financial crisis, more hedge funders may be open to joining so-
... [more] Morgan Stanley's Investa may open funds to redemptions in 18 months
Investa Property Group, an Australian real estate firm owned by Morgan Stanley, said it aims to open its frozen unlisted funds to redemptions in 12 months to 18 months. The company, which announced March 12 that it will
... [more] From Reuters/Yahoo.co: As if a Porsche isn't enough of a status symbol, the German luxury sports car company's subsidiary, Porsche Design, is marketing a mobile phone that's exclusive to Porsche owners.
The Porsche Design P'9522 BLACK, the latest in the company's series of mobile phones, held
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Rainer Rueppel
