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 Tue, 09 Feb 2010 16:29:03 +0100 5 http://www.opalesque.com/57096/The_EC_would_like_to_see_global.html Tue, 09 Feb 2010 00:00:00 +0100 Benedicte Gravrand, Opalesque London: At the EDHEC-Risk Alternative Investment conference in London yesterday, a panel of key figures from the regulatory scene and the alternative investment industry discussed the aims and birth-pains of the current regulatory overhaul, especially that of Europe #... http://www.opalesque.com/57097/Regulations_will_benefit_BNY_Mellon_says_QIFs.html Tue, 09 Feb 2010 00:00:00 +0100 Benedicte Gravrand, Opalesque London: Marc Russell-Jones, managing director of the Bank of New York Mellon in London, told Opalesque after the Edhec conference #39;s panel on financial regulations (see above article) that the hedge fund industry itself is changing fundamentally because of politica... http://www.opalesque.com/57098/John_CEO_Bonnin_How_he.html Tue, 09 Feb 2010 00:00:00 +0100 Benedicte Gravrand, Opalesque London. French hedge fund manager François Bonnin graduated from Paris #39; quot;Grande Ecole quot; ISG (Institut Superieur de Gestion). He was director of convertible trading at RAFE S.A. (AXA Group) before setting up the asset manager CAP STARDEX in 1992... http://www.opalesque.com/57099/Carbon360_releases_Capital_Introduction_Report.html Tue, 09 Feb 2010 00:00:00 +0100 From the Opalesque team: The general consensus for fundraising is that 2010 holds much in the way of promise for hedge funds. Strong performance in 2009 slowed the enormous tide of redemptions, and net inflows finally took hold at year-end. Seed announcements dot the news headlines and new lau... http://www.opalesque.com/57100/Schulte_Roth_After_beefing_up_legal_expertise.html Tue, 09 Feb 2010 00:00:00 +0100 From Kirsten Bischoff, Opalesque New York: After the tumultuous markets of 2008 and 2009, U.S. hedge fund performance reflects how well managers are controlling market risk. However, the one risk that is still is the risk of government action (or inaction for that matter). For hedge funds, ... http://www.opalesque.com/fullarticle/57101/Fund_Launches_GLG_launches_version.html Tue, 09 Feb 2010 00:00:00 +0100 GLG launches currency-hedged Dublin-listed version of Japan CoreAlpha Fund GLG Partners LP, one of Europe #39;s biggest hedge fund firms, has launched the GLG Japan CoreAlpha Equity Fund, a currency-hedged replica of its £698m (US$1bn+) Japan CoreAlpha Fund. Managed by leading Japan equi... http://www.opalesque.com/fullarticle/57102/Indices_Hennessee_Index_shows_hedge_funds_decline.html Tue, 09 Feb 2010 00:00:00 +0100 Hennessee Index shows hedge funds decline -0.50% in January 2010 Hennessee Group LLC, an adviser to hedge fund investors, announced that the Hennessee Hedge Fund Index declined -0.50% in January (-0.50% YTD), while the S P 500 declined -3.70% (-3.70% YTD), the Dow Jones Industrial Average declined ... http://www.opalesque.com/fullarticle/57103/Shaw_keen_to_buy_distressed_assets_from.html Tue, 09 Feb 2010 00:00:00 +0100 From Reuters.com: U.S. hedge fund D.E. Shaw has set up a team to look at buying distressed-asset portfolios held by rival hedge fund firms, the Financial Times said. The world's third-largest hedge fund has established DE Shaw Portfolio Acquisitions Unit, which aims to snap up many illiquid assets t... http://www.opalesque.com/fullarticle/57104/Galleon_Update_executive_Rajiv_Goel_pleads.html Tue, 09 Feb 2010 00:00:00 +0100 Ex-Intel executive Rajiv Goel pleads guilty in NYC to hedge fund insider trading case From Go.com: A former Intel executive pleaded guilty Monday to charges he fed confidential information about the computer-chip maker to wealthy hedge fund manager Raj Rajaratnam, his old friend and central figure ... http://www.opalesque.com/fullarticle/57105/Legal_Hermitage_boss_Bill_Browder_sued_by.html Tue, 09 Feb 2010 00:00:00 +0100 Hermitage boss Bill Browder sued by Russian convict From Telegraph.co.uk: A Russian sawmill foreman convicted of a $230m (£150m) tax fraud is suing his victim, Bill Browder, founder of hedge fund Hermitage Capital Management, for allegedly defaming his "honour and dignity&qu... http://www.opalesque.com/fullarticle/57106/North_America_BlackRock_win_most_clients_in.html Tue, 09 Feb 2010 00:00:00 +0100 BlackRock win most clients in U.S. as Legg Mason shrinks From Bloomberg.com: BlackRock Inc. and Franklin Resources Inc. won the most new assets among publicly traded U.S. fund managers last year after limiting losses during the financial crisis that drove clients away from Legg Mason Inc. and Alli... http://www.opalesque.com/fullarticle/57107/Europe_Louis_Gargour_investing_in_Greek.html Tue, 09 Feb 2010 00:00:00 +0100 LNG #39;s Louis Gargour investing in Greek gov #39;t debt in #39;year of sovereign risk #39;, sees France and Germany interceding From CNBC.com: While many remain wary of the sovereign debt situation within the euro zone, an investor told CNBC he is investing in Greek government debt as he sees Fr... http://www.opalesque.com/fullarticle/57108/Short_Selling_Alert_over_disclosure_rules.html Tue, 09 Feb 2010 00:00:00 +0100 From FT.com: Rules requiring short sellers to declare publicly the stocks that they are betting against increase market volatility and the costs for other market participants, according to a new study... Full article (subscription reuired):... http://www.opalesque.com/fullarticle/57109/ETFs_New_ETF_employs_hedging_strategy.html Tue, 09 Feb 2010 00:00:00 +0100 New ETF employs 130-30 hedging strategy for large-cap Canadian stocks From Morningstar.ca: An exchange-traded fund that pursues a hedge-fund strategy based on the S P/TSX 60 Index of large-cap stocks makes its trading debut tomorrow on the Toronto Stock Exchange. Horizons AlphaPro S P/TSX 60 130... http://www.opalesque.com/fullarticle/57110/People_FQS_poaches_senior_investment_analyst_Richard.html Tue, 09 Feb 2010 00:00:00 +0100 FQS poaches senior investment analyst Richard Hallos from Ermitage FQS, the London-based fund of hedge funds manager founded by former Renaissance Technologies MD Robert Frey, has recruited Richard Hallos as Senior Investment Analyst. Richard will be based in FQS's London office, reporting to Inves... http://www.opalesque.com/fullarticle/57111/Update_Pension_funds_tell_hedge_funds_to_drop.html Tue, 09 Feb 2010 00:00:00 +0100 Update: Pension funds tell hedge funds to drop fees - bFinance From Telegraph.co.uk: Last year thanks to its best performance in a decade, the hedge fund industry grew to $1.6tln from $1.4tln at the end of 2008. But almost half European and Canadian pension funds that negotiated lower fees in 2009 e... http://www.opalesque.com/fullarticle/57112/SWFs_CIC_discloses_Holdings_China_CIC.html Tue, 09 Feb 2010 00:00:00 +0100 CIC discloses U.S. holdings From WSJ.com: A new filing by China Investment Corp. on its stakes in U.S.-listed companies sheds light on the $300bn sovereign-wealth fund #39;s investment practices but includes relatively few large holdings in the U.S. In a report to the U.S. Securities and Exchange C... http://www.opalesque.com/fullarticle/57113/Service_Providers_Canada_to_launch_its_first.html Tue, 09 Feb 2010 00:00:00 +0100 Chi-X Canada ATS Limited and Atrium Network, provider of smarter connectivity for the financial community, has announced plans to launch the Canadian market's first live market ecosystem, enabling equity market participants to access each of Canada's five displayed marketplaces through a single ultr... http://www.opalesque.com/fullarticle/57114/News_Briefs_Blackstone_Quattrone_return_to_IPOs.html Tue, 09 Feb 2010 00:00:00 +0100 Blackstone, Quattrone return to IPOs as offers slump Blackstone Group LP and Frank Quattrone are returning to the U.S. initial public offerings market after half of this year #39;s IPOs were postponed or delayed and stocks posted their longest slump since July. (www.bloomberg.com) MBIA asset manag... http://www.opalesque.com/fullarticle/57115/And_Finally_Cat_owners_than.html Tue, 09 Feb 2010 00:00:00 +0100 From Ananova.com: Cat owners are more likely to have university degrees than people who have dogs, according to a new scientific survey of pet ownership. Researchers at the University of Bristol say the superior intelligence of cat owners is unlikely to be caused by their exposure to their pets, ...