http://www.opalesque.com Roundtable updates 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) Exclusive Tue, 09 Feb 2010 17:16:30 +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's unpopular draft of the AIFM Directive, being currently redrawn. Some of the issues tha... 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's panel on financial regulations (see above article) that the hedge fund industry itself is changing fundamentally because of political and legal pressure. "I think sometimes people forget the political pressure... 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' "Grande Ecole" ISG (Institut Superieur de Gestion)... 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... 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... http://www.opalesque.com/57075/Review_of_hedge_fund_launches_closures_trends.html Mon, 08 Feb 2010 00:00:00 +0100 Benedicte Gravrand, Opalesque London: A roundup of the week's hedge fund launches, closures, index performance, trends, regulatory, legal and financial events pertaining to the alternative investments industry. Last week, we heard of fund launches from new firm Castle Hill (flagship); new firm LGBT Capital (LGBT consumer market); Falcon (L/S equity); Crystal (customizable FoHFs); Orr... http://www.opalesque.com/57076/Placement_agent_CP_Eaton_expects_hedge.html Mon, 08 Feb 2010 00:00:00 +0100 From the Opalesque team: In its 2010 outlook, Connecticut-based, global placement agent CP Eaton Partners expresses optimism about hedge fund industry performance in 2010. With hedge funds completing an impressive 12-month turnaround that ranged from the massive redemptions and poor performance of Q109 to record breaking performance gains and net inflows of investor allocations by Q409, the fir... http://www.opalesque.com/57077/Newly_formed_Nautical_Capital_launches_absolute.html Mon, 08 Feb 2010 00:00:00 +0100 From the Opalesque team: New York-based Nautical Capital, which launched in December 2009, has already set the bar high for success, hoping to eventually become the investment name synonymous with commodities investing. "When you think of equities, you think of Fidelity, when you think of fixed income you think of PIMCO and when you think of commodities we want investors to think of ... http://www.opalesque.com/57085/SEC_willing_to_reconsider_the_proposed_ban.html Mon, 08 Feb 2010 00:00:00 +0100 From Sagar Chakraverty, Opalesque Asia: According to a letter sent by Andrew Jr. Donohue, Director of US' Securities and Exchange Commission (SEC) to Richard G... http://www.opalesque.com/57088/Asia_Pacific_markets_to_see_continued_drop.html Mon, 08 Feb 2010 00:00:00 +0100 From Sagar Chakraverty, Opalesque Asia: A Global Markets Review issued on 22-Jan by MTS Research, a London-based investment research company specializing in technical analysis, predicts a continued drop in indices across the Asia Pacific markets. Asian Pacific markets see weak corrections As the equity market sentiments were too bullish, the stage is set for an imminent market correction... http://www.opalesque.com/57051/Highlight_on_energy_FoHFs_Culross.html Fri, 05 Feb 2010 00:00:00 +0100 Benedicte Gravrand, Opalesque London: Culross is a fund of hedge funds manager that now allocates to energy hedge funds. Energy, whether traditional or new, has provoked heated debates since the awareness of global warming and peak oil came to the fore... http://www.opalesque.com/57052/UK_hedge_funds_managers_undeterred_by_tax.html Fri, 05 Feb 2010 00:00:00 +0100 From Precy Dumlao, Opalesque Asia: Hedge fund and fund managers proved to be two of the most resilient financial services in the UK in 2009 as the UK Financial Services Authority (FSA) recorded a steady registration of hedge funds in the fourth quarter last year. London-based Corporate financial advisor IMAS said in its “Trends in the regulated UK financial services industry” report the stab... http://www.opalesque.com/57053/Asian_hedge_funds_were_most_skilful_at.html Fri, 05 Feb 2010 00:00:00 +0100 From Precy Dumlao, Opalesque Asia: Asian hedge funds were the most skilful at mitigating losses and outperformed their respective benchmarks from 2008 and 2009, according to GFIA’s latest paper “Emerging markets hedge funds review 2009.” The Singapore-based financial advisor said that although emerging markets hedge funds (as measured by the HFRI Emerging Markets index) made a 37.4% loss for... http://www.opalesque.com/57064/Investment_manager_Flossbach_von_Storch_appoints.html Fri, 05 Feb 2010 00:00:00 +0100 From Florian Guldner, Opalesque Europe: Cologne-based investment management firm Flossbach & von Storch yesterday announced the addition of Dirk van den Berg as managing director of FvS Family Office GmbH, the firm's multi-family office. “We are happy to expand our management team with the addition of Mr.van den Berg, a recognized expert in the field of sophisticated family wea... http://www.opalesque.com/57030/In_a_changed_investor_landscape_dialogue_not.html Thu, 04 Feb 2010 00:00:00 +0100 From Kirsten Bischoff, Opalesque New York: Although assets are not returning to the hedge fund industry at any rate near what managers would like to see, they are returning. EurekaHedge reported over $4bn in net inflows during the month of January, and all indications are that those amounts should steadily climb in the coming months... http://www.opalesque.com/57039/New_York_pension_fund_allocates_in.html Thu, 04 Feb 2010 00:00:00 +0100 From Precy Dumlao, Opalesque Asia: The $126bn New York State Common Retirement Fund (CRF) closed 10 transactions in December amounting to $446.3m, including transactions in hedge funds, private equity and other alternative investments, according to report by state comptroller Thomas P. DiNapoli. The monthly report said at least $125m was allocated to absolute return strategies... http://www.opalesque.com/57010/four_hedge_funds_gain_in_January.html Wed, 03 Feb 2010 00:00:00 +0100 From Precy Dumlao, Opalesque Asia: All four Och-Ziff Capital Management Group's funds generated positive estimated gains in January with its main fund, the Oz Master Fund, posting a 1.13% increase. But the biggest growth was posted by its Oz Europe Master Fund with a 2.50% gain in the same month. A regulatory filing on Tuesday showed that Och-Ziff's two other funds were o... http://www.opalesque.com/57011/UBP_reinventing_its_approach_as_alternatives_assets.html Wed, 03 Feb 2010 00:00:00 +0100 Benedicte Gravrand, Opalesque London: Last week, Swiss private bank and FoHFs house Union Bancaire Privée (UBP) announced a net profit of CHF216m (US$209m) for the 2009 financial year. This is around half of its consolidated net profit of CHF431m for 2008 - which itself showed a 15.6% drop on 2007... http://www.opalesque.com/57014/Neuberger_Berman_says_distressed_investing_volatility_arbitrage.html Wed, 03 Feb 2010 00:00:00 +0100 From Precy Dumlao, Opalesque Asia: The investment team members of Neuberger Berman's NB Alternatives fund of hedge funds unit said they are positive on distressed investing and volatility arbitrage but are cautious on long/short strategies. The team also advised investors to understand their manager's counterparty management policies to appreciate their own exposure to any... http://www.opalesque.com/57017/2010_in_fund_administrator_space.html Wed, 03 Feb 2010 00:00:00 +0100 From the Opalesque team: Mergers and acquisitions in the fund administrator space kicked off 2010 with the announcement that BNY Mellon acquired PNC Global Investment Servicing. The $2.31bn acquisition, expected to close during 3Q2010, pushes BNY Mellon up two spots in the world of alternative asset fund administration, making it the third largest in the world...