Tue, Sep 19, 2017
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. Public quant funds aren't always what they seem[more]

    From Bloomberg.com: Quantitative equity strategies are a fast-growing retail product. There is more than $150 billion in quant equity public mutual funds, and such ETFs are on track to top $1 trillion this year. Unfortunately, there's little agreement on what these funds are. The two most common def

  2. Institutions - Canada's pension funds lever up[more]

    From Institutionalinvestor.com: Canadian pension plans are among the most admired institutional investors for their prowess as money managers. Now pension plans in Canada are upping the ante, increasingly issuing long-term bonds and using the borrowed money, or leverage, to try a

  3. Manager Profile - The three quants in their 20s running a hedge fund making $1 billion of trades daily[more]

    From Forbes.com: In an office overlooking downtown Boston, the views are partially obscured by math formulas and technical drawings that have been scribbled on the windows. Wearing a T-shirt with the words "machine earning" printed on it, Luca Lin says the formulas are being developed to help trade

  4. News Briefs - Iron Cove Partners launches hedge fund manuscript management & professional liability insurance policy, Private equity, hedge funds eye bizav financing market. Blue Capital halts ILS fund buy-backs as hurricane Irma approaches[more]

    Iron Cove Partners launches hedge fund manuscript management & professional liability insurance policy Iron Cove Partners, a national insurance brokerage specializing in the needs of the alternative asset management community, today announced the launch of its newest insurance product, th

  5. Asia - Hedge funds used to love shorting China. Now, not so much, Fledgling China FoFs require careful use: NCSSF, Amac, Japanese banks turn to PE, hedge funds for returns[more]

    Hedge funds used to love shorting China. Now, not so much From Bloomberg.com: A sharp devaluation. A credit crisis. And an economic hard landing. That's what some of the biggest names in the hedge fund industry were predicting for China after the nation's stocks and currency tumbled in 2