Launches – Veteran fund manager Brian Singer launches new firm with $1bn, will charge initial 1% management fee instead of 2% [more]
From Reuters.com: Investors up in arms about the high fees and secretive ways of hedge funds have found an unlikely ally -- veteran money manager Brian Singer.
Two years after leaving UBS Global Asset Management, where he managed $200 billion in assets as Americas chief investment officer, Si
Opalesque Exclusive: Swiss asset manager Reyl re-opens Resurgent FoHFs to investors after posting +1.84% YTD, gets ready for market recovery [more]
By Benedicte Gravrand, Opalesque London:
Reyl Asset Management (RAM) has just announced the opening of their Resurgence Fund to external investors. The Fund has been trading with internal assets since April 2009 and returned +1.01% net to investors in May 2009, bringing YTD returns to +1.84%.
Performance – Hedge funds on track to return 6%+ in 2Q [more]
From MMexecutive.com: Hedge funds appear to be on track to deliver returns of 6% or better in the second quarter, their best quarterly performance since 2000, Merrill Lynch analysts project. Thus far for the quarter, hedge funds returned an average of 2.7% in April and 4.4% in May. The rally this ye
Assets – Man Investments sees renewed interest in hedge funds [more]
From Khaleejtimes.com: Man Investments expects to see assets under its management, which shrank by more than 37% last year amid global financial turmoil, to grow back to a pre-crisis range of over $74bn on the back of renewed investor confidence in hedge funds.
Man is a specialist in hedge fu
Investors – South Africa hedge funds try to woo local investors despite challenges, Dow Jones research: Wealth managers must communicate with investors or risk losing them [more]
South Africa hedge funds try to woo local investors despite challenges
From Fin24.com: Local hedge fund managers are trying to show SA investors theirs is a worthwhile asset class, despite the negative publicity it has attracted from the U.S. and Europe.
… In South Africa only 1.3%
Opalesque Exclusive: Swiss FoHFs manager Gottex awarded HF portfolio mandate by Nestle Pension Funds, Gottex in full restructuring mode [more]
By Benedicte Gravrand, Opalesque London:
Gottex Fund Management Holdings Limited (Gottex) has just announced it had been awarded an investment and advisory mandate by Nestlé Capital Advisers S.A.
The investment management mandate applies to one of Nestlé Pension Funds’ hedge fund
M&A – mergermarket global M&A round-up for H1 2009: Global M&A values down 66% from H1 2008, while volumes are down 52% [more]
Despite the upturn in the financial markets over the last quarter, the first half of 2009 was a weak half-year for M&A across the board. Total deal volume – at 3,80transactions – was down 47.4% on the same period last year, and total deal value – $705.7bn – down 43.6%.Compared to the most active hal
Trends – The funds that private banks prefer: emerging market funds [more]
From Wealth-bulletin.com: Just when wealthy individuals thought it was safe to emerge from their bunkers, they are being inundated with ideas on where to put their hard-earned cash. Most investors are content to graze gently on corporate bond funds, with a dash of high yield, but an increasing numbe
Reports – State Street releases Vision reports on hedge funds and private equity industry, reports examine industry challenges, long-term outlook [more]
State Street Corporation, the world’s leading provider of financial services to institutional investors, today released two papers on alternative investments as part of its Vision series of thought-leadership reports. The companion Vision papers examine two key components of alternative investments,
Outlook – Deutsche`s Ackermann says `not out of woods` as defaults rise, Faber: The markets may be moving backwards while giving the appearance of moving forwards, Pimco`s Bill Gross: Greed will come back [more]
Deutsche`s Ackermann says `not out of woods` as defaults rise
From Bloomberg.com: Deutsche Bank AG Chief Executive Officer Josef Ackermann said the financial industry faces a new wave of losses because of rising insolvencies and loan defaults.
“We are not out of the woods yet,” Ack
Financial Crisis Update – Data give signs of global recovery [more]
From FTAlphaville: The global downturn appeared close to a bottom on Wednesday after manufacturing figures from across the world suggested that recession in all big economies was receding.
The news comes after nine months of sharp contraction in global manufacturing output and a dramatic plun
North America – Stimulus is a small patch for a big economic hole, Fannie, Freddie ease terms for mortgage refinance [more]
Stimulus is a small patch for a big economic hole
From CNBC.com: The $787bn U.S. economic stimulus package may not be able to live up to lofty expectations, painting President Barack Obama into a policy corner once the money runs out.
With only a little under 7% of the stimulus act
LatAm – Brazil small caps will extend rally, expert says [more]
From Bloomberg.com: Brazil’s smaller companies will continue to outperform the Bovespa index after gaining twice as much as the broader market last quarter, said Marcelo Mesquita, partner at Leblon Equities Gestao de Recursos Ltda.
Mesquita, whose funds have beaten more than 93 percent of pee
Europe – Sweden prioritizes Eastern Europe and regulations, defends hedge funds [more]
From WSJ.com: Sweden will prioritize stabilizing the European economy, with a special focus on the troubled Balkans region, the Swedish Ambassador to the United States said Wednesday at a press conference, the first day of Sweden's six-month presidency of the European Union.
...Swedish offici
Regulatory – Hedge Fund Standards Board proposes toughening standards and announces new signatories, Update: Call for better regulation in the Bahamas following $18m Headstart hedge fund settlement, SEC proposes measures to improve corporate governance and enhance investor confidence, CFTC looking at all options for fair markets, Gensler says [more]
Hedge Fund Standards Board proposes toughening standards and announces new signatories
The Hedge Fund Standards Board (HFSB) is proposing changes to its standards on fund administration and redemptions in the light of the financial crisis.
The proposed changes, which are subject to
Short Selling – NASDAQ Dubai extends requirements for short selling reporting [more]
From Exchange-handbook.co.uk: NASDAQ Dubai has extended for six months its requirement that its trading Members report gross short positions in securities listed on the Exchange. The requirement contributes to the maintenance by NASDAQ Dubai of a fair and orderly market. It was first introduced in O
Madoff Update – Trustee: Madoff customers get $231m, so far, Comment: Who will buy Madoff`s homes?, Trustees to be in separate category to retail investors in Madoff lawsuits, SEC lawyer warned superiors in 2004, then was told to focus on other things [more]
Trustee: Madoff customers get $231m, so far
From Reuters.com: A total of $231m has so far been committed to pay defrauded investors of imprisoned financier Bernard Madoff, the group compensating his former customers said on Wednesday.
The brokerage industry-funded Securities Invest
Legal – 3V hedge fund COO Mark Focht charged with theft of $250,000, Pension adviser Pacific Corporate Group settles NY kickback probe with $2m, ICAP unit and ex-broker are fined in fees case [more]
3V hedge fund COO Mark Focht charged with theft of $250,000
From WCAX.com: A hedge fund's chief operating officer has been charged in New York with forging documents so he could steal $250,000 from 1 of the funds he managed.
Prosecutors say Mark A. Focht of Suffern, N.Y., used a fo
Derivatives – EU derivatives plans focus on clearing [more]
From III.co.uk: Centrally clearing the bulk of off-exchange derivatives contracts will be the core of Europe's efforts to cut risk in the sector as further study is needed before forcing any trades onto exchanges, an EU document said.
The document obtained by Reuters is a draft of the EU exec
People – US investment advisor Hall Capital Partners appoints John Buoymaster as president and expands executive committee [more]
Hall Capital Partners LLC, an independent investment advisor overseeing approximately $18bn in global multi-asset class strategies, is pleased to announce the appointment of John W. Buoymaster as president, effective July 1, and four of the firm’s senior professionals to the executive committee, whi
Surveys – Grahal Partners, UBS start survey on compensation practices in hedge fund industry [more]
Grahall Partners, LLC recently released to participants the results of the 2009 Survey of Hedge Fund Compensation Practices. The survey was developed in collaboration with Kleinberg, Kaplan, Wolff & Cohen, P.C. and UBS Prime Brokerage Services.
This survey provides a unique perspective about
Commodities – Barings: Russian commodities key in China`s bid for global supremacy [more]
Matthias Siller, fund manager of Baring Emerging Europe Plc at Baring Asset Management (Barings), suggests Russia’s huge commodities reserves mean it is best placed to supply the raw materials China needs in its bid to become a leading global economic power.
Matthias explains, “Governments ar
Islamic Finance – Dow Jones Indexes launches Dow Jones Islamic Market International Market International Titans 100 Index [more]
Dow Jones Indexes, a leading global index provider, today announced it licensed the Dow Jones Islamic Market International Titans 100 Index to Javelin Investment Management, an
investment adviser registered with the Securities and Exchange Commission. The blue-chip index will underlie the first Sha
Real Estate – Hedge-fund and private-equity firms under pressure to sublet office space, Health of the U.S. housing market (video) [more]
Hedge-fund and private-equity firms under pressure to sublet office space
From WSJ.com: On top of the lumps taken from the credit crisis, stock-market declines and the recession, hedge-fund and private-equity firms now have a real-estate problem.
After loading up on lavish office
Art Investing – No surprise in London last week as era of 8-figure auction results now a distant memory [more]
From web.artprice.com: The results of the Impressionist & Modern sales in London last week were without surprise (except for the withdrawal of Camille PISSARRO’s, Le Quai Malaquais) and made the era of 8-figure auction results an even more distant memory.
Both auction houses generated eight s
Service Providers – Credit Suisse, Deutsche Bank top Prime Broker Survey, Marketcetera gives hedge funds cloud-based trading, Swift enhances trade matching for hedge funds [more]
Credit Suisse, Deutsche Bank top Prime Broker Survey
From Dow Jones / nasdaq.com: Credit Suisse and Deutsche Bank ranked as the best prime brokerages of 2008 in a closely followed survey due out this week, a copy of which was reviewed by Dow Jones Newswires.
The annual survey of
Events –100 Women In Hedge Funds: When shocks occur, NYC, July 15 [more]
Risk management has trumped the search for alpha as a result of the repeated and diverse shocks and surprises in the last twelve months. Will this represent a secular change in hedge fund portfolio management or will we revert to normal behavior when uncertainty subsides? Should risk be identified,
News Briefs – California government declares fiscal emergency over budget, Hedge funds are Hollywood`s new financial villains in upcoming `Wall Street 2` movie, CME Group launches clearing services for physical natural gas liquids [more]
California government declares fiscal emergency over budget
California Gov. Arnold Schwarzenegger on Wednesday declared a fiscal emergency to force lawmakers into a special session to tackle a state budget gap that has widened to $26.3 billion from $24.3 billion after they failed to close
... And Finally – US Consumer Financial Protection Agency to limit sports betting, visits to Las Vegas by US citizens and Green Card holders [more]
New details emerged today from staffers of the House Financial Services Committee of plans for the Obama Administration’s Consumer Financial Protection Agency (“CFPA”).
While the June 24 outline by Harvard Professor Elizabeth Warren was focused on the relationship between borrowers and lende
Other Voices: Three new strategies in hedge fund investor relations; investors demand a relationship – not a transaction
The following is an edited transcript of a presentation Thomas Walek, President of a New York-based public relations agency Walek & Associates, gave recently in Hong Kong to a group of hedge fund managers and investor relations executives:
Our topic is "Hedge Fund Investor Relations: New Demands, New Strategies." The following are some observations that guide my thinking on the issues and trends impacting hedge fund investor relations today.
So where do we start? Like all good things, let's start on the golf course What a great place to be and what a great place to do business.
» Full Story
- S&P500
- Oil
- Gold
- US10Yr
- Nikkei
- €vs.$
- Soybeans
- AUS$ vs US$
-
CME - S&P 500 INDEX (Sep) - Daily
Near Term Trend: Positive Wednesday’s Close: 919.20 (+ 3.70) UPDATE: The proprietary green lines are defining key resistance and support, as the market has been trading in a consolidation for the last nine weeks. However from last Wed to this Wednesday, the market decisively rallied - which in turn has brought price action directly back to resistance at the M. A. (red) line. Recall, for the last week, as the moving average line was flattening (migrating toward a neutral stance), we stated, “Until the slope of the M.A. line begins to turn south, price action could remain choppy, instead of experiencing continued pressure”. Subsequently price action remains choppy, and proof is in the fact the Index still remains at the same level, it was, back on May 3rd . The hopeful investors, who missed the first run-up (from March), are wishing for more of a dip to enter. However if a settlement above 940.00 is posted- investors might chase.
-
CBT – Soybeans (Nov)- Daily
Near Term Trend: Negative Wednesday’s Close: $10.15 1/2 (+ 34 ½ cents) UPDATE: The slope of the M.A. line is now negative (for the last nine trading days) - for the first time since mid- March. Two weeks ago, we stated, “Resistance should hold near the $10.30 region, and subsequently, it has. That being said, as the market was (net/ net) declining, over the last ten trading days, volatility erupted on Tuesday, as the market hit an intraday low of $9.44, but rallied nearly forty cents, to close the day at $9.81. Wed’s action was just as volatile- trading much higher, but hitting resistance at the M.A. line. Will resistance hold?
- Bargain of the week
- Featured Product
- Bestsellers
- All Products
|
A SQUARE Faculty
Harry Kat Q & A
Prof. Harry Kat
|
» Read More
- Top Forwarded
- Top Tracked
- Top Searched
- LatAm – Brazil small caps will extend rally, expert says [more]
From Bloomberg.com: Brazil’s smaller companies will continue to outperform the Bovespa index after gaining twice as much as the broader market last quarter, said Marcelo Mesquita, partner at Leblon Equities Gestao de Recursos Ltda.
Mesquita, whose funds have beaten more than 93 percent of pee
- Opalesque Exclusive: Swiss FoHFs manager Gottex awarded HF portfolio mandate by Nestle Pension Funds, Gottex in full restructuring mode [more]
By Benedicte Gravrand, Opalesque London:
Gottex Fund Management Holdings Limited (Gottex) has just announced it had been awarded an investment and advisory mandate by Nestlé Capital Advisers S.A.
The investment management mandate applies to one of Nestlé Pension Funds’ hedge fund
- Opalesque Exclusive: Swiss asset manager Reyl re-opens Resurgent FoHFs to investors after posting +1.84% YTD, gets ready for market recovery [more]
By Benedicte Gravrand, Opalesque London:
Reyl Asset Management (RAM) has just announced the opening of their Resurgence Fund to external investors. The Fund has been trading with internal assets since April 2009 and returned +1.01% net to investors in May 2009, bringing YTD returns to +1.84%.
- Outlook – Deutsche`s Ackermann says `not out of woods` as defaults rise, Faber: The markets may be moving backwards while giving the appearance of moving forwards, Pimco`s Bill Gross: Greed will come back [more]
Deutsche`s Ackermann says `not out of woods` as defaults rise
From Bloomberg.com: Deutsche Bank AG Chief Executive Officer Josef Ackermann said the financial industry faces a new wave of losses because of rising insolvencies and loan defaults.
“We are not out of the woods yet,” Ack
- Replicating the market-to-market price of all derivative instruments: The aim is to achieve transparency in derivatives real time pricing [more]
The aim is to achieve transparency in derivatives real time pricing
The end of the 5%: Hedge funds get institutional inflows straight from equity portfolio
Event Calendar
|
Private Equity 101, Hong Kong
» Tue, 21 Jul 2009
This 3-day course covers all the core fundamentals and provides focus on institutions and private investors in building and managing private equity in their portfolios...
|
|
Private Equity Investor Relations, London
» Tue, 28 Jul 2009
This comprehensive and intensive 2-day training course is aimed at professionals that are positioned in the investor relations and communication functions within the private equity firm, and communications professionals who service a private equity client base...
|
|
Infrastructure Investment World Asia, Kowloon
» Tue, 8 Sep 2009
Unlock investment, financing and development potential of Asia infrastructure projects at Infrastructure Investment World Asia
With over $600 Billion being pledged for Asian infrastructure development, the time has come for infrastructure developers, investors, infrastructure funds, financiers and service providers to position themselves to take full advantage of the infrastructure revolution...
|
Display All Events
Add your event here
do not delete this, it fixes the IE duplicate characters
|
