Opalesque Exclusive: Optimal Fund Management Australia takes the long view on Long/Short Equity... [more]Bailey McCann, Opalesque New York: Optimal Fund Management Australia runs an Australia/New Zealand long-short equity fund with a large-cap focus. The fund was founded by George Colman and Peter Whiting as part of the Optimal Group. Both men were

Opalesque Exclusive: Park Hill to represent new credit hedge fund manager MeehanCombs... [more]From Komfie Manalo, Opalesque Asia: Global placement agent Park Hill Group, which has $126.4bn of commitments for its private equity and hedge fund clients, has selected MeehanCombs LP as the credit opportunities hedge fund manager

Opalesque Exclusive: Fund managers find fear and lack of banana diversity summarise the 'concatenation of events’ in Europe... [more]By Beverly Chandler, Opalesque London: British-based independent fund manager and investment consultant Tony Yarrow of Wise Investment has entitled his recent blog on the precarious state of the world’s economy "A

Galloway Global Emerging Markets FI Fund marks 3 year anniversary, up +8.35% year-to-date... [more]Bailey McCann, Opalesque New York: Galloway Capital is a global Emerging Markets asset management company focused on active Fixed Income High Yield strategies. The firm announced today that its Global Emerging Markets FI Fund was up +8.35% year-to

Launches – Former Citadel analyst preps first Barclays credit launch, TCW to raise $250m for new hedge fund focused on foreclosed homes... [more]Former Citadel analyst preps first Barclays credit launch From HFMweek.com: Bruce Ivory, the former Citadel analyst who now works in funds and advisory at Barclays, is spearheading the launch of the bank’s first credit-focused hedge fund, HFMWeek has learned, the latest in a line of laun

Kyle Bass’ Japan macro fund down 29% for April... [more]From Valuewalk.com: Kyle Bass is the founder of Hayman Capital. He is famous now for buying Greek Sovereign Credit Default swaps at $1,000 for $1 million of the price. He Supposedly made a 650x return for each swap which he bought. He was also early in the subprime game and shorted that successfully

Hedge funds eye further profits from JPMorgan losses, Moore leads hedge funds betting on JPMorgan before trade losses, Comment: JPMorgan's London whale may bite hedge funds... [more]Hedge funds eye further profits from JPMorgan losses From Reuters.com: Hedge funds are positioned to squeeze more profits from JPMorgan & Co's losing position in U.S. credit derivatives, after racking up tidy gains from a lucrative trade that could end up costing the bank more than $3 bi

Indices – RBC Hedge 250 Index returned -0.04% in April, (+3.37% YTD), Eurekahedge Hedge Fund Index down 0.24% (est.) in April (+3.60% YTD), The Dow Jones Credit Suisse Hedge Fund Index finished down 0.04% in April (+4.0% YTD)... [more]RBC Hedge 250 Index returned -0.04% in April, (+3.37% YTD) RBC Capital Markets today reported that for the month of April 2012 the RBC Hedge 250 Index had a net return of -0.04 per cent. This brings the year-to-date return of the Index to 3.37 per cent. These returns are estimated and wi

M&A – Swiss fund of hedge funds manager Gottex to acquire Hong Kong-based alternative asset manager Penjing, K.K.R. said to be in talks to buy stake in hedge fund Prisma Capital... [more]Swiss fund of hedge funds manager Gottex to acquire Hong Kong-based alternative asset manager Penjing Gottex Fund Management Holdings Limited, an independent global alternative asset management group with USD 7.6 billion in fee-earning assets, announces that it has reached agreement on t

Investing – Hedge funds publish Q1 positions in regulatory filings... [more]Berkshire takes GM, Viacom stakes as deputies build portfolios From Bloomberg/SFgate.com: Source Eton Park bought YPF as Soros exited before Argentine se

Outlook – Global growth fears weigh on currency funds, Survey finds rising investor demand for growth stimulus... [more]Global growth fears weigh on currency funds From WSJ.com: Hedge funds that specialize in currency bets were relatively flat in April, as fund managers struggled to stay ahead of sharp turnarounds in currency trends driven by concern about growth and political uncertainty. Investment fund

Ultra-wealthy increase alternative allocation... [more]From Financial-planning.com: Ultra-high net worth investors are decreasing their exposure to the U.S. stock market by allocating more to alternative investments, according to the Institute for Private Investors annual Family Performance Tracking survey. In the survey, released Tuesday, 48% of respon

Legal – Gupta fund stake raised $4m after Galleon tip, U.S. says... [more]From Newstimes.com: After Goldman Sachs Group Inc. Director Rajat Gupta told Galleon Group LLC co-founder Raj Rajaratnam about topics raised at a bank board meeting, the hedge fund manager increased by $4 million Gupta's stake in a fund in which both men were investors, prosecutors alleged. Th

North America – Hedge funds seeking transparency from sellside... [more]From Tradersmagazine.com: A majority of U.S.-based hedge funds want greater transparency into their trading algorithms and their exposure to dark liquidity, and they are asking for greater disclosure about how their orders are handled, according to a new report by Tabb Group. As volume has dri

Europe – Greece pays hedge funds holdouts, Nouriel Roubini: Spain could eventually exit euro zone... [more]Greece pays hedge funds holdouts From Ifre.com: Greece has confirmed that it will pay in full €435m of floating rate notes that were due to mature today. The issue was among the approximately €6.4bn of bonds, eligible for inclusion in Greece’s recently completed exchange offer that were

Asia – HSBC prime brokerage targets China hedge funds, TCI's India tussle puts unfair bilateral trade in spotlight... [more]HSBC prime brokerage targets China hedge funds From Asianinvestor.net: HSBC’s prime brokerage platform will target China’s burgeoning hedge fund market as part of its growth plan in Asia, where it aims to leverage its leading position in the custody and administration arenas. China

People – Hatteras Funds expands investment management team, Harcourt Investment Consulting appoints new head of alternative investments, Commonfund recruits industry veteran Brett Lane to its hedge fund group... [more]Hatteras Funds expands investment management team Hatteras Funds, a boutique alternative investment specialist providing unique alternative investment solutions for financial advisors and their clients, announced that Thomas Riegert, CFA, has joined the firm as Associate, Portfolio Manag

Commodities – Gold eclipsed by dollar haven as Goldman sees rally, Comment: Why gold is no longer a safe haven for investors... [more]Gold eclipsed by dollar haven as Goldman sees rally From Bloomberg.com: Investors are reducing gold holdings for a third month, the longest stretch since 2004, and favoring the dollar as a haven from Europe’s debt crisis, even as Goldman Sachs Group Inc. predicts record prices for the me

Service Providers – Viteos expands European operations... [more]Viteos Fund Services, in the latest in a series of strategic moves, has announced the expansion of its European operations. The expansion comes in response to increased client demand and the build out of Viteos’ services. It follows on the recent strategic announcements of an expansion in Asia

Activist News – Paulson no longer seeking to influence The Hartford, CP Rail proxy fight: Brash hedge funds take on blue-chip Canadian executives, Hedge funds stand to profit on ResCap debt... [more]Paulson no longer seeking to influence The Hartford From Courant.com: John Paulson, the hedge fund billionaire whose pressured The Hartford to break itself apart, is ending his power struggle with management over the insurer's strategy and future. A filing by Paulson & Co. with federal r

News Briefs – Contractor is accused of stealing $1.2m from hedge fund by inflating costs, Australian watchdogs 'too slow' to expose Trio fraud, EU banks to discuss rating agencies dominance... [more]Contractor is accused of stealing $1.2m from hedge fund by inflating costs …In order to help pay for his castlelike stone house on 3.3 acres in Old Brookville, prosecutors charged, Mr. Getelman systematically inflated the cost of work for one of the largest hedge funds in the world, Cita

…And Finally – Bird falls down chimney on to fire...and lives... [more]From Thesun.co.uk: This lucky duck got a mum in a flap — after falling down her chimney straight into a roaring fire. Stunned Helen Marsh was watching telly at home when she heard a “whooshing” sound and soot started billowing from her fireplace. It got so thick she was forced to leave t