Industry Updates Archive
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HELPCENTER
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27 Aug. 2012
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Dow Jones Credit Suisse: Total hedge fund industry AUM down to $1.75trn in July [more]
Opalesque Industry Update - The Dow Jones Credit Suisse Hedge Fund Index finished up 1.42% in July. A new monthly commentary offers insight into hedge fund performance through the month of July. Some key findings from the report include:
Hedge funds, as measured by
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27 Aug. 2012
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CFTC seeks to pull registration of fraudulent CTA [more]
Bailey McCann, Opalesque New York: The Commodities Futures Trading Commission (CFTC) is seeking to revoke the registration of Texas-based CTA, Growth Capital Management LLC, following a fraud case being brought against the firm's principals by the regulator. In July, a judge for the U.S. Distric
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27 Aug. 2012
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Co-head of Citadel's global equities group to leave hedge fund [more]
Bailey McCann, Opalesque New York: Jeff Runnfeldt, co-head of Citadel LLC’s global equities group, is leaving after a decade at the hedge fund, according to a Bloomberg
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24 Aug. 2012
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High frequency trading rules in Germany - comments by Eurex and Simmons & Simmons [more]
Opalesque Industry Update: "You could almost have the impression high-frequency trading has become a public enemy, not just in Germany but also in France and other European countries. As a result, in Germany and beyond the concept of “slowing down the market” has become very popular,&q
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24 Aug. 2012
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Citigroup Private Banking pulls out of Paulson fund [more]
Bailey McCann, Opalesque New York: Bloomberg is reporting that Citigroup Private Banking is redeeming money invested with billionaire hedge fund manager John Paulson.
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23 Aug. 2012
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HFR: Number of emerging markets hedge funds reached record high in Q2-2012 (1,073 funds, up 3.5% since Q2-2011) [more]
Opalesque Industry Update – The number of Emerging Markets (EM) hedge funds reached a record high in 2Q12, overcoming the headwinds of volatile performance and investor redemptions, according to the latest HFR Emerging Markets Hedge Fund Industry Report, released today by HFR, the
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23 Aug. 2012
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Plural Investments to close in September as founder needs more flexible mandate [more]
From Komfie Manalo, Opalesque Asia – Another hedge fund bites the dust. On Thursday, New York-based hedge fund Plural Investments, which was founded by former SAC Capital’s CR Intrinsic division chief executive officer Matt Grossman, said it would close shop by the end of September.
According t
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23 Aug. 2012
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Comment: Switzerland may cease being the financial centre it once was [more]
Benedicte Gravrand, Opalesque Geneva:
Myet Zaki, author of several books on the Swiss financial system and chief editor of Bilan, a Geneva-based financial weekly, forecasts gloom and doom for Switzerland, which she says will be weakened by the end of banking secrecy, financial scandals,
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22 Aug. 2012
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Hedge fund investors opt for credit strategies, redemptions continue in July [more]
Bailey McCann, Opalesque New York: Hedge fund assets increased 2.1% in July to $2.53tn , but investor redemptions persisted for the fourth month in the last five, accounting for outflows of $9.2bn, according to new data from eVestment. Traditional institutional account inflows were light in Q2 and i
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22 Aug. 2012
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Comment: US-China accounting standoff could have substantial implications if not resolved by year-end [more]
Benedicte Gravrand, Opalesque Geneva:
Phil Niles, director at Butterfield Fulcrum, a fund administrator, examined the potential impact of the US-China accounting standoff on hedge funds and investment managers in its most recent
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21 Aug. 2012
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Newedge CTA index up +3.05% in July (+2.20 YTD) [more]
Opalesque Industry Update: Newedge, a global leader in multi-asset brokerage and clearing, today posted the monthly performance data for its suite of Hedge Fund Indices.
July performance for the Newedge Indices was generally positive. Trend followers, as modeled by the Newedge Trend
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21 Aug. 2012
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GlobeOp Forward Redemption Indicator measures 3.34% in August, up from 2.18% in July [more]
Opalesque Industry Update - The SS&C GlobeOp Forward Redemption Indicator for August 2012 measured 3.34%, up from 2.18% in July.
"Forward redemptions increased in August which is typical as we approach quarter end but redemption notices remained at moderate levels indicating c
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21 Aug. 2012
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Notz Stucki gets new head, tidies up for fiscal transparency – Le Temps [more]
Benedicte Gravrand, Opalesque Geneva :
Notz Stucki, an asset management house founded in 1964 and head-quartered in Geneva, is revamping its business model a little as the latest generation comes to the throne.
Beat Notz, Notz Stucki
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21 Aug. 2012
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Elementum announces two new hires to strengthen its legal, compliance and operational structure [more]
From Komfie Manalo, Opalesque Asia – An independent alternative investment manager that specializes in collateralized natural event reinsurance investments announces two new hires to strengthen its legal, compliance and operational infrastructure.
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20 Aug. 2012
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Morningstar MSCI Composite Hedge Fund Index up 1.9% in July and 3.7% YTD, sector leaked $6.5bn in June [more]
Morningstar, Inc., a leading provider of independent
investment research, today reported preliminary hedge fund performance for July as well as estimated
asset flows through June 2012. The Morningstar MSCI Composite Hedge Fund Index, an asset-weighted
composite of nearly 1,000 hedge funds in the
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20 Aug. 2012
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100 Women in Hedge Funds to give Carlyle co-CEO David Rubenstein its 2012 Effecting Change Award [more]
Opalesque Industry Update - 100 Women in Hedge Funds (100WHF), a leading non-profit organization for professionals in the Alternatives industry, today announced that it has named David M. Rubenstein as the recipient of its 2012 Effecting Change Award. Mr. Rubenstein will receive the award at 100WHF
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20 Aug. 2012
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HFRX Global Hedge Fund Index posts gain of +0.50% through mid-August (2.28% YTD) [more]
Opalesque Industry Update - Global financial market volatility moderated through mid-August, as global equities built on July gains which extended into mid-August. Listed equity trading volumes were light following an incident earlier in the month that resulted in a sharp daily increase and signific
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20 Aug. 2012
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New study examines hedge fund clone performance [more]
Bailey McCann, Opalesque New York: Gregg S. Fisher, President & Chief Investment Officer of independent investment management firm Gerstein Fisher, and Nicolas P.B. Bollen, the E. Bronson Ingram Professor of Finance at the Owen Graduate School of Management, Vanderbilt University, have released
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20 Aug. 2012
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JOBS Act: SEC delays rules on hedge fund soliciting [more]
From Precy Dumlao, Opalesque Asia – Citing the need for more public comments, the U.S. Securities and Exchange Commission’s Chairman Mary Schapiro last week told Congress she would need more time before finalizing rules on repealing a ban on investments advertising.
Her statement quickly drew lo
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20 Aug. 2012
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First domestic hedge fund launched in India [more]
From Precy Dumlao, Opalesque Asia – India saw its first domestic hedge fund launch as the state regulator, the Securities and Exchange Board of India (SEBI), approved the license of Mumbai-based Forefront Alternative Investment Trust,
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20 Aug. 2012
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Brigade Capital adds Deutsche Bank's Hoffman, raises collateral loan obligation [more]
Bailey McCann, Opalesque New York: Brigade Capital Management is adding to its staff, and recently completed a $409m collateral loan obligation (CLO) with Citigroup. Brigade is a US-based hedge fund that primarily invests in credit markets and has hired distressed-debt analyst Scott Hoffman from Deu
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17 Aug. 2012
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Germany to broaden eligible assets for hedge funds, allows sale only to professional investors [more]
Bailey McCann, Opalesque New York: The German Ministry of Finance has issued a draft bill of its proposal for implementing the Alternative Investment Fund Managers Directive (AIFMD) in the country. The AIFMD is a broad based set of financial regulations implemented by the European Commission in an e
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16 Aug. 2012
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Barclay CTA Index up 1.85% in July (1.53% YTD), as rising prices contribute to profitable futures trading [more]
Opalesque Industry Update – Managed futures gained 1.85% in July 2012 according to the Barclay CTA Index compiled by BarclayHedge. The Index is now up 1.53% year to date.
“Price trends continued to move upward in the commod
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16 Aug. 2012
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CalPERS commits $530 million to Asia real estate funds [more]
Opalesque Industry Update: The California Public Employees’ Retirement System (CalPERS) today announced a $530 million investment commitment to two new real estate funds that will target investments in China.
CalPERS will invest $480 million to the ARA Long Term Hold Fund sponsored by ARA
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16 Aug. 2012
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Chenavari finds performance across the board [more]
Beverly Chandler, Opalesque London: Chenavari Investment Managers have continued with their strong performance this year, with July figures showing positive ret
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