http://www.opalesque.com Alternative Market Briefing from Opalesque.com, a premium hedge fund news service en-us Copyright 2006, Opalesque.com knab@opalesque.com (Matthias Knab) knab@opalesque.com (Matthias Knab) AMB Fri, 03 Sep 2010 11:54:54 +0200 5 http://www.opalesque.com/fullarticle/60370/Performance_Greenlight_outpaces_broader_markets_with.html Thu, 02 Sep 2010 00:00:00 +0200 Greenlight outpaces broader markets with 4% gain in August From CNBC.com: Hedge fund manager David Einhorn's Greenlight Capital outperformed U.S. equity markets in August, returning 4.1 percent net of all fees and expenses, according to a posting on its website on Wednesday. According to Greenligh... http://www.opalesque.com/fullarticle/60371/Assets_LS_Japan_equity_fund_Sparx_on.html Thu, 02 Sep 2010 00:00:00 +0200 From AsianInvestor.net: Sparx Asset Management's Japan long/short equity fund may be on the rebound after having lost money in 2006 and 2007. Three-year performance figures have improved and the firm is back on the road seeking to raise new assets. The long/short strategy and related separate accou... http://www.opalesque.com/fullarticle/60372/Ucits_hedge_funds_attract_hedge_funds_keen_to.html Thu, 02 Sep 2010 00:00:00 +0200 From Hedgefundsreview.com: Launches of absolute return funds managed by traditional asset-management houses or by hedge funds have surged over the last 18 months although the industry remains at the early stages of development. The growth is attributed in part to hedge funds entering the Ucits III ... http://www.opalesque.com/fullarticle/60373/3G_Capital_in_advanced_talks_to_buy_Burger.html Thu, 02 Sep 2010 00:00:00 +0200 From CNBC.com: Burger King is in advanced talks to sell itself to a little known private investment firm called 3G Capital, people involved in the negotiations told DealBook. A deal could be reached as soon the coming days, these people said, though they cautioned it was possible that the talks cou... http://www.opalesque.com/fullarticle/60374/Institutions_Japan_pensions_seek_higher_returns_for.html Thu, 02 Sep 2010 00:00:00 +0200 From Bloomberg.com: Japanese pension funds are starting to invest in toll roads, ports and pipelines for the first time, seeking higher returns to meet the retirement needs of the world's fastest-aging population... Astellas, Japan's second-largest drugmaker, aims for alternative investments includ... http://www.opalesque.com/fullarticle/60375/Outlook_Barton_Biggs_recommends_stocks_says_economy.html Thu, 02 Sep 2010 00:00:00 +0200 From Bloomberg.com: Barton Biggs said investors should avoid the mistake he made in July, when the hedge-fund manager slashed his equity holdings in half before redoubling them. "This is not a time where you want to be underinvested," Biggs said on Bloomberg Television yesterday.... http://www.opalesque.com/fullarticle/60376/Comment_Managed_accounts_an_efficient_way_to.html Thu, 02 Sep 2010 00:00:00 +0200 From IPE.com: There has been a buzz around managed accounts for some time - but the problems with liquidity mismatches and outright fraud that bubbled up in 2008, and investors like CalPERS setting out plans to use them wherever they can, seem to have made the case even more airtight. quot;The fund... http://www.opalesque.com/fullarticle/60377/Legal_Court_battle_set_over_giant_NYC.html Thu, 02 Sep 2010 00:00:00 +0200 Court battle set over giant NYC housing complex Stuytown From Reuters/CNBC.com: The future of an 80-acre New York apartment complex will be at stake on Thursday as a judge considers whether a venture led by a prominent hedge fund investor may conduct a foreclosure auction. William Ackman's Pershi... http://www.opalesque.com/60378/Should_indemnity_provisions_extend_to.html Thu, 02 Sep 2010 00:00:00 +0200 This article was authored by Alric Lindsay, a Cayman-based independent director, who prior to his experience working as an investment funds attorney for two global law firms, was a senior compliance analyst with the Cayman Islands Monetary Authority: Indemnity provisions are prevalent in the arti... http://www.opalesque.com/fullarticle/60379/North_America_Wall_Street_count_on.html Thu, 02 Sep 2010 00:00:00 +0200 Wall Street shouldn't count on future bailouts says outgoing Fed exec Kohn From CNBC.com: The Federal Reserve's efforts to stabilize credit markets during the recent financial crisis didn't create a "moral hazard" where Wall Street can count on being bailed out in the future, ret... http://www.opalesque.com/fullarticle/60380/EU_seeks_new_rules_on_abusive.html Thu, 02 Sep 2010 00:00:00 +0200 Opalesque Industry Update - European Union lawmakers are drafting new rules to empower regulators to stop abusive short-selling. At the same time, the draft legislation also aims to ban naked selling of credit default swaps and sovereign debt for three months or more. EU's financial chief Michael... http://www.opalesque.com/fullarticle/60381/political_uncertainty_is_not_deterring_hedge_funds.html Thu, 02 Sep 2010 00:00:00 +0200 From AsianIvnestor.net: The political deadlock in Australia appears to be doing little to deter international investors who are more focused on the country's continued economic outperformance and solid property market. Australia yesterday reported economic growth of 1.2% in the second quarter, the... http://www.opalesque.com/fullarticle/60382/Emerging_Markets_Smaller_emerging_markets_are_rising.html Thu, 02 Sep 2010 00:00:00 +0200 Recent research by UBS economist Jon Anderson illustrates how trade is being reshaped in the developing world.  It will probably not surprise you to learn that between 1998 and 2008 six developing nations recorded an increase in exports (as measured by manufacturing GDP) of more than 25 p... http://www.opalesque.com/fullarticle/60383/Regulatory_Finra_guards_against_halts_triggered_by.html Thu, 02 Sep 2010 00:00:00 +0200 Finra guards against halts triggered by off-exchange trades From WSJ.com: A U.S. securities regulator is taking steps to prevent erroneous trades made in dark pools and other private markets from accidentally triggering the array of safeguards introduced in the wake of the May 6 "flash c... http://www.opalesque.com/fullarticle/60384/People_Emmanuel_Roman_announced_as_COO_of.html Thu, 02 Sep 2010 00:00:00 +0200 Emmanuel Roman announced as COO of Man Further to this morning's announcement that Man shareholders have approved the acquisition of GLG Partners Inc., Man announced that Emmanuel Roman will assume the newly created role of Chief Operating Officer following completion of the acquisition. Pierre La... http://www.opalesque.com/fullarticle/60385/Activist_Investing_Tribune_judge_picks_mediator_orders.html Thu, 02 Sep 2010 00:00:00 +0200 From Bloomberg.com: The judge overseeing Tribune Co.'s bankruptcy appointed a mediator to help resolve allegations that part of the newspaper publisher's 2007 buyout was a fraudulent transfer that harmed low-ranking creditors. U.S. Bankruptcy Judge Kevin Carey appointed Kevin Gross, a fellow judge ... http://www.opalesque.com/fullarticle/60386/News_Briefs_Hedge_Funds_Care_East_Coast.html Thu, 02 Sep 2010 00:00:00 +0200 Hedge Funds Care East Coast golf tournament raises over $170,000 Hedge Funds Care, a global non-profit organization which raises funds and awareness within the alternative investment industry for programs that work to prevent and treat child abuse, announced today that its 3rd Annual East Coast Gol... http://www.opalesque.com/fullarticle/60387/And_Finally_A_man_and_a.html Thu, 02 Sep 2010 00:00:00 +0200 From Bloomberg.com: A guy walks into a bar with a $1.4 million Corot. Stop us if you've heard this one. Jean-Baptiste-Camille Corot's 1857-58 "Portrait of a Girl" is missing, according to a lawsuit filed in New York State Supreme Court. And the last man with possession can't recal... http://www.opalesque.com/60354/Fat_tail_events_occur_five_times_more.html Wed, 01 Sep 2010 00:00:00 +0200 From Kirsten Bischoff, Opalesque New York: With the roiling summer markets, news-making opinions such as Noster Capital’s anticipation of the second leg of the crisis, and the release of August Federal Reserve meeting minutes reflecting concern that the committee would need to consider steps it c... http://www.opalesque.com/fullarticle/60355/Launches_Collard_Capital_starts_first_hedge_fund.html Wed, 01 Sep 2010 00:00:00 +0200 Collard Capital starts first hedge fund, the Global Macro Fund From Hedgefundsreview.com: Collard Capital Management has announced the launch of its first hedge fund, the Collard Global Macro Fund, to be run by Simon Collard and James Beaton. The duo previously ran the same strategy in a private i...