• Opalesque Exclusive: Friedberg's global macro fund posts 40% for 2011 as strategy shifted to respond to market volatility [more]

  Bailey McCann, Opalesque New York: Friedberg Mercantile Group’s flagship fund, Friedberg Global-Macro Hedge Fund Ltd, was down 8.8% in Q4 but was up 40.9% overall for 2011. Comparatively, the Dow Jones Credit Suisse Global Macro index was up 0.38% in 2011. The Cayman-domiciled fund launched

• Opalesque Exclusive: CrossBorder: the euro may grow stronger this year [more]

  Benedicte Gravrand, Opalesque Geneva: Volatility may reign, uncertainty may now be the norm in financial markets, but there are still some who bet on a rebound of the euro, rather than its death. The European Central Bank (ECB) provided €489bn ($644bn) in 3-year emergency loans to ban

• Opalesque Exclusive: Multi-asset funds gaining traction with investors [more]

  Bailey McCann, Opalesque New York: Multi-asset alternative funds are gaining in popularity as investors look for ways to hedge against market downturns and increased volatility. Indeed, according to

• Other Voices: Who's watching your assets? Lessons from MF Global [more]

  The author is Frank Casey, Special Advisor to the CEO, The Regulatory Fundamentals Group, a firm that provides an enterprise-wide view of the US laws that impact alternative asset managers and others involved in the field: In the wake of MF Global, it can be tempting to suggest myriad rules,

• 03. Feb. | HFRX Global Hedge Fund Index gains +1.72% in January [more]

  Opalesque Industry Update - Global equities posted strong gains to begin 2012 with leadership from Technology and Financials, as US economic data showed signs of improvement and sentiment improved wit

• 03. Feb. | Robert F. Slutz appointed Chief Operating Officer and Chief Financial Officer Forum Asset Management [more]

  Opalesque Industry Update: Forum Asset Management appointed Robert F. Slutz Chief Operating Officer and Chief Financial Officer on January 31, 2012. He will support the CIO and Forum's trading

• 03. Feb. | Stenham hires new head of risk [more]

  Opalesque Industry Update - Stenham has recently made a new hire for the role of Head of Risk Management and Quantitative Research. A seasoned professional, Pablo Balan, has joined us to he

• 03. Feb. | Dow Jones Credit Suisse Core Hedge Fund Index closed up 2.26% in January [more]

  Opalesque Industry Update – The Dow Jones Credit Suisse Core Hedge Fund Index closed up 2.26% in January 2012 as all of the component strategies reported positive results. The Dow Jones Credit Suis

• 03. Feb. | SunGard’s APT models impact of Euro breakup, sees shocks across asset classes [more]

  PIIGS exit scenario would bring 40% drop in Euro yield curve and a 20% drop in Euro equities Opalesque Industry Update - SunGard’s APT risk system has modelled different E

• 03. Feb. | Credit Suisse Liquid Alternative Beta (“LAB”) Index up +1.34% in January [more]

  Opalesque Industry Update - The Credit Suisse LAB Index was up 1.34% in January according to Dr. Jordan Drachman, Head of Research for Alternative Beta Strategies at Credit Suisse. Dr. Drachman not

• 02. Feb. | ML Capital to launch Global Macro UCITS fund and Systematic Emerging Market UCITS fund on the MontLake Platform [more]

  Opalesque Industry Update - ML Capital has announced that it will be launching two new funds this quarter, the Goldwinds Global Macro UCITS Fund and the RP Systematic Emerging Market UCITS Fund. As o

• 02. Feb. | Inès de Dinechin to replace Laurent Seyer as Lyxor A.M. CEO [more]

  Opalesque Industry Update - Societe Generale Corporate & Investment Banking announces the appointment of Inès de Dinechin as Chief Executive Officer of Lyxor Asset Management. She replaces

• 02. Feb. | Hong Kong-based asset manager EIP launches seven ETF products [more]

  Opalesque Industry Update - Enhanced Investment Products Limited (EIP), a Hong Kong based asset management firm, today confirms the launch of seven new ETF products, authorised* by the Securities and

• 02. Feb. | Opalesque Exclusive: 'Alternative Alternatives' investment funds lose 0.93% (est.) in December, -7.14% in 2011 [more]

  Opalesque Ltd., a leading provider of online information services to the alternative investment industry, today announced the results of the Opalesque A SQUARE ('alternative-alternatives') indices covering the performance of niche alternative investment funds. The indices are calculated base

• 02. Feb. | Opalesque Exclusive: Clifford Chance briefing reveals significant issues remain unresolved in implementation of Alternative Investment Directive [more]

  By Beverly Chandler, Opalesque London: In a cheekily entitled, but very detailed, briefing note, 'FSA paper on AIFMD implementation: a glimpse of the regulator's ankle’, Simon Crown, finance partner at Cli

• 01. Feb. | Jefferies Agrees to Acquire Hoare Govett from the Royal Bank of Scotland [more]

  Opalesque Industry Update: Jefferies announced today that it has agreed to acquire Hoare Govett and employ certain other professionals from The Royal Bank of Scotland Group plc. With a hist

• 01. Feb. | 100WHF Institute Announces Second Year of CAIA Scholarship Program [more]

  Opalesque Industry Update: 100 Women in Hedge Funds is has announced the second year of the 100 Women in Hedge Funds / CAIA Scholars program. The scholarship program, administered by the CAIA Foundati

• 01. Feb. | Citi Awarded Mandate from Veritable LP to Provide Hedge Fund Middle Office and Administration Services for $2.2 Billion in Assets [more]

  Opalesque Industry Update: Citi today announced that Veritable, L.P. has awarded it a mandate to provide a comprehensive suite of hedge fund services including middle office, fund accounting, and inve

• 27. Jan. 2012 | Other Voices: A Very Crowded Trade [more]

  This article was authored by Richard Harris, fund manager at Port Shelter Investment Management, based in Hong Kong. He compares the investment management industry to what it was like 26 years ago. I remember a former Managing Director asking me to write a message to Head Office on a blank

• 16. Dec. 2011 | Other Voices: The truth about hedge fund risk [more]

  This article was authored by Charles T. Hage. Mr. Hage is currently Compliance Officer at U.S.-based firm Mohican Financial Management, LLC. During his career he has reviewed financial performance measures in alternative investments and managed financial risk in corporate investment programs.

• 01. Nov. 2011 | Other Voices: Agecroft Partners believes Hedge fund branding drives a majority of asset flows [more]

  By: Don Steinbrugge, Chairman of Agecroft Partners, a global consulting and third party marketing firm for hedge funds: Since the market correction of 2008, a vast majority of hedge fund net asset flows have gone to a small minority of hedge funds with the strongest brands, marking a change

• 26. Oct. 2011 | Other Voices: Africa needs flexible capital as well as patient capital [more]

  By Kayode Akindele, Funsho Allu and Fred Binka: partners of 46 Parallels LLP, an investment management business based in London and Lagos. The current focus on supplying finance to the microfinance/SME sector is admirable, but orphans a swathe of important companies across Sub Saharan Africa (SS

• 10. Oct. 2011 | Other Voices: 50 proposals for reform and reclamation, in solidarity with the Wall Street protesters and the 99 Percenters [more]

  By Dr. David E. McClean, lecturer in philosophy and business ethics, Rutgers University & Molloy College, and Principal, The DMA Consulting Group Part of the problem was that only in an environment of crisis can the self-regulators galvanize themselves to actions that they couldn't otherwise

• 07. Oct. 2011 | Other Voices: Post-Weavering - independent or affiliated fund directors? [more]

  By Victor Murray, LLB, PG Dip LP, Accredited Director and who has been resident in the Cayman Islands from 2002. He is the Assistant Secretary of the Cayman Islands Directors Association. He is admitted as a Lawyer in New York and as a Solicitor in Scotland. He has considerable offshore fund experi

• 29. Sep. 2011 | Other Voices: Operation Twist will prevail – but will take time [more]

  Written by: Stuart Thomson, Chief Market Economist, Ignis Asset Management. Issued by Ignis Investment Services Ltd. Authorised and regulated by the Financial Services Authority. This article contains the personal views of the author and do not necessarily reflect those of Ignis Asset Management.

• 24. Aug. 2011 | Other Voices: Hedge fund net flows will hold up much better if we see another 2008 type market decline [more]

  This article was authored by Donald A. Steinbrugge, CFA, Managing Partner of Agecroft Partners, a global consulting and third party marketing firm for hedge funds based in Richmond, VA. After the market decline of 2008, the hedge fund industry experienced a significant contraction that was drive

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Intermediate Trend (3 Months): Positive Friday’s Close: 1312.50 (- 2.80) UPDATE: Six weeks ago, we highlighted, “The S&P convincingly settled above the downtrend line, and well above our Key Pivot Point of 1260.00 - due to the fact the Index settled at 1274.20, this should allow for the market to trade toward an initial target of 1325.00 (we were calling for a 50+ point rally in the S&P)”. As of this past week, the S&P hit a high of 1329.50. Our target was achieved, as the market rallied slightly more than 50 points with virtually little interruption. At this juncture, odds favor a price retrace, possibly back toward 1280.00.