Thu, Apr 2, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing Weekly

U.S. SEC lifts 80-year old solicitation and advertising ban: hedge fund news, week 28

Saturday, July 13, 2013

On Wednesday, the U.S. Securities and Exchange Commission voted to lift a ban on general solicitation and general advertising found in the Securities Act of 1933; the lifting drew positive reactions from market participants and industry insiders, while consumer groups expressed concern of possible fraud; it was said that hedge fund managers must identify the uniqueness of their portfolio now that they can advertise; some commentators said the move would only harm the greedy; the Hedge Fund Association approved the SEC’s decision and so did the Managed Funds Association; but others warned the new advertising rules could put CTAs at a disadvantage.

In the week-ending 12 July 2013, it was reported that Iguana Healthcare had raised $53.5m to launch a health IT- and life science-focused hedge fund; Ian Heslop is to run Old Mutual’s first Cayman-domiciled hedge fund; Tarpon Trading launched a currency trading program on Horton Point’s incubation platform; and the French regulator authorized Melanion Capital to launch the first hedge fund to focus on dividend futures.

Hedge funds posted their first average decline for 2013 in June, The HFR Index was down -1.3% (+3.59% YTD); The Lyxor Hedge Fund Index posted a -1.63% loss (+ 1.85% YTD); The Hennessee Hedge Fund Index declined -1.30% (+4.76% YTD); The Eurekahedge Hedge Fund Index was down -1.47% (+2.47% YTD); And the SS&C GlobeOp Hedge Fund Index fell -1.94% (+5.06% YTD).

Several computer-driven hedge funds profited from steep market losses in May, reported Advance Trading; China-focused hedge funds continued to be the best performing of any targeted emerging market exposure in 2013 through May with 4.0% gai......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Other Voices: Does the hedge fund industry benefit society?[more]

    This article was authored by Don Steinbrugge, Chairman of Agecroft Partners, a US-based global consulting and third party marketing firm for hedge funds. It is no secret that the hedge fund industry is viewed negatively by a la

  2. Opalesque Roundtable: Emerging managers should avoid chasing 'institutional unicorns'[more]

    Bailey McCann, Opalesque New York: For managers looking to raise a new fund after the crisis, marketing efforts will need to be significantly different, according to delegates at the recent Opalesque Texas Roundtable. "Most of the smaller managers come to the whole fund-raising and marketing

  3. Cohen's private investments deliver strong 7.5% gain in Q1[more]

    From Reuters.com: Billionaire Steven A. Cohen's investments gained 7.5 percent in the first three months of 2015, according to a person familiar with the numbers, helping the former hedge fund manager extend his string of market-beating returns. Cohen's Point72 Asset Management, which invests

  4. Hedge fund launches fall again, $1bn funds found to outperform even smaller hedge funds[more]

    Komfie Manalo, Opalesque Asia: The number of new hedge fund launches fell again in 2014, the third consecutive year of decline, while fund liquidations saw their first drop since 2010, according to the latest HFR Market Microstructure Industry Report released by industry data provider HFR. Acc

  5. Opalesque Exclusive: Cyber security and hedge funds: increased awareness, Part One[more]

    Benedicte Gravrand, Opalesque Geneva: If you look at the recent cybersecurity news from Bloomberg, hackers are frightening the people: they steal photos and threaten to expose them, they can break into ATMs, they ha

 

banner