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25 Apr. 2012 Hedge fund manager Robert Williamson found dead [more]
Bailey McCann, Opalesque New York: Robert Williamson Jr. the nephew of investment manager Julian Robertson was found dead in the water near Figure Eight Island, a gated development in North Carolina. Williamson was managing director and portfolio manager of hedged US equities strategy at Connecticu
24 Apr. 2012 University of Oxford partners with Man Group and OneMarketData to create new data lab for financial research [more]
Opalesque Industry Update: The University of Oxford today announced it is establishing new facilities to help researchers deepen their understanding of financial systems. The Oxford-Man Institute of Quantitative Finance (OMI) virtual ‘data lab’ will be powered by OneTick, a single solution for comp
24 Apr. 2012 GlobeOp's forward hedge fund redemption indicator shows April notifications lowest on record [more]
Opalesque Industry Update - The GlobeOp Forward Redemption Indicator for April 2012 measured 2.00%, down from 3.23% in March. “April’s forward redemptions dropped to two percent, the second lowest month on record and
24 Apr. 2012 Axiom Fund waives management fees - a first for the alternative UCITS sector [more]
Opalesque Industry Update - Axiom Fund announced a major change in the fee structure of the Axiom UCITS Alternative Investable Index Fund (“the Axiom Fund”). The Axiom Fund has waived its management fees, becoming the first fund of funds in the alternative UCITS space to charge performance fees only
24 Apr. 2012 European law firm Dillon Eustace to establish office in Cayman Islands [more]
Opalesque Industry Update - An Irish law firm has opened an office in the Cayman Islands. The new office, opened by Dillon Eustace in response to increased client demand for Cayman services, will mark the first European Union legal firm to establish a fully-serviced practice on the islands.
24 Apr. 2012 SEB's first quarter results show marginally increased net profit for 2012 [more]
Opalesque Industry Update - SEB's first quarter of 2012 shows an operating profit of SEK 3.7bn ($0.5bn)."Our relationship banking model has generated a robust first quarter and profit before credit loss provisions increased by 2 per cent. The number of customers increased in all segments an
24 Apr. 2012 Greenwich Global Hedge Fund Index shed -0.21% in March (+4.4% YTD) [more]
Opalesque Industry Update - The Greenwich Global Hedge Fund Index (“GGHFI”) shed 0.21% compared to global equity returns of +3.29% for the S&P 500 Total Return index and +1.02% for the MSCI World Equity index. Hedge fund managers were given the chance to highlight their abilities in March, as
24 Apr. 2012 Aima and KPMG study finds hedge funds have outperformed traditional markets over the past 17 years [more]
Beverly Chandler, Opalesque London: A new study The Value of the Hedge Fund Industry to Investors, Markets and the Broader Economy has found that hedge funds significantly outperfor
24 Apr. 2012 Hedge funds add value to balanced portfolios but investment process and strategies are important [more]
From Precy Dumlao, Opalesque Asia – In SEB Group’s latest report titled, "Hedge funds – avoiding a simplistic approach," the Nordic bank which describes itself as a relationship bank, has concluded that hedge funds add value to ba
24 Apr. 2012 Funds move out of the dollar - BofA Merrill Lynch Global Research [more]
Bailey McCann, Opalesque New York: Currency positions remain sizable and volatility is expected to remain high according to a new
24 Apr. 2012 SEC charges former CalPERS CEO and friend with falsifying letters in $20m placement agent fee scheme [more]
Bailey McCann, Opalesque New York: The Securities and Exchange Commission (SEC) has charged the former CEO of the California Public Employees' Retirement System (CalPERS), Federico R. Buenrostro and his friend Alfred J.R. Villalobos with scheming to defraud an investment firm into paying $20 m
23 Apr. 2012 Morningstar reports hedge fund returns of 3.3% for first quarter [more]
Opalesque Industry Update - Morningstar, a provider of independent investment research, today reported preliminary hedge fund performance for March and for the first quarter as well as estimated asset flows through February 2012. The Morningstar MSCI Composite Hedge Fund Index, an asset-weighted com
23 Apr. 2012 Agecroft: JOBS ACT will revolutionize hedge fund marketing [more]
Opalesque Industry Update - The new JOBS Act, recently passed by Congress and signed by President Obama, is designed to make it easier for small businesses to raise capital and create new jobs in the current economy. An indirect beneficiary of this legislation is the hedge fund industry, as it will
23 Apr. 2012 Asian hedge fund managers are ignoring the impact of Fatca [more]
Precy Dumlao, Opalesque Asia: The majority of hedge fund managers in Asia are not clearly digesting the full impact of the U.S. Foreign Account Tax Compliance Act (Fatca) and are ignoring its consequences, particularly to their operations, according to
23 Apr. 2012 Hedge fund founder Brian Kim gets 15 years for Ponzi scheme [more]
Bailey McCann, Opalesque New York: Brian Kim, founder of the now defunct hedge fund Liquid Capital Management, was sentenced to 15 years in prison by New York Supreme Court Judge, Charles H. Solomon, today after being convicted of charges that his fund was really a Ponzi scheme. He was convicted o
23 Apr. 2012 Father and son hedge fund managers fined $4.8m over false statements [more]
Bailey McCann, Opalesque New York: A Boston-based hedge fund manager and his son will pay $4.8 million to settle with the Securities and Exchange Commission (SEC) over making false statements about the fund’s performance. According to the SEC, Gabriel Bitran founded GMB Capital Management in 2005 w
20 Apr. 2012 Lyxor Hedge Fund Index up 1.5% in Q1; less hurdles, more dispersion for hedge funds that quarter [more]
Opalesque Industry Update - During the first quarter of 2012, the Lyxor Hedge Fund Index is up 1.5% (-0.5% in March), characterized by increased dispersion among Hedge Fund strategies in March: +0.6% for Lyxor Merger Arbitrage Index vs -0.35% for Lyxor Special Situations Index within Event-Dr
20 Apr. 2012 HFRX Global Hedge Fund Index -0.33% MTD in April (+2.80% YTD) [more]
Opalesque Industry Update - Equity and commodity markets declined for the first half of April, as volatility spiked on renewed European sovereign debt concerns and weak US employment data. Spanish bond yields rose above six percent, while US yields fell across the curve, credit widened and the doll
19 Apr. 2012 Scipion Capital opens commodities trade finance fund to US investors [more]
Opalesque Industry Update: Scipion Capital (“Scipion”), the Africa investment specialist, has opened its Commodity Trade Finance (CTF) Fund to US investors for the first time, as the first step in a concerted effort to expand its investor base in the US. In particular, the firm will be targeting US
19 Apr. 2012 Scotiabank Canadian Hedge Fund Index ends March -4.06% (-3.77% YTD) on an asset weighted basis [more]
Opalesque Industry Update - The Scotiabank Canadian Hedge Fund Index ended March 2012 down 4.06% (-3.77% YTD) on an asset weighted basis and down 2.06% (-0.26% YTD) on an equal weighted basis. Broader market equity indices advanced in the US while they retreated in Canada. Gains in the US continu
19 Apr. 2012 HFR: Total hedge fund assets increased to $2.13tln in Q1-2012 due to $16bn in allocations and 5% gains [more]
Opalesque Industry Update – Total investor capital allocated to hedge funds in Q1 2012 exceeded $16 billion, according to the latest HFR Global Hedge Fund Industry Report, released today by HFR (Hedge Fund Research, Inc.), the global leader in the indexation, analysis and aggregation of the global
19 Apr. 2012 Och-Ziff to release 2012 Q1 results on May 2 [more]
From Komfie Manalo, Opalesque Asia – One of the world’s largest institutional alternative asset management firm, Och-Ziff Capital Management Group LLC, is to release its Q1 results and dividends on May 2 prior to the opening of the New York Stock
19 Apr. 2012 BlackRock Q1 earnings positive, despite investor caution [more]
Bailey McCann, Opalesque New York: BlackRock, the world’s largest asset manager, released its quarterly earnings report today. Net income increased to $572m, or $3.14 per share, from $568m, or $2.89 per share, in the same quarter a year before. Overall revenue declined $33m or 1%, to $2.2bn. Revenue
18 Apr. 2012 Fairhills Group rounds out management team, continues strategy expansion [more]
Opalesque Industry Update: Fairhills Group announced today that it has hired Mr. Steven DiNunzio, CFA as Principal and Chief Financial Officer. Fairhills Group is a New York-based alternative asset management firm originally founded as the family office of Mr. Edward Bronson, a veteran principal in
18 Apr. 2012 Citi awarded mandate to provide hedge fund middle and back office services for Guggenheim Investment Advisory [more]
Opalesque Industry Update: Citi has been awarded a mandate from Guggenheim Investment Advisory, a division of Guggenheim Partners, to provide a complete suite of services including middle office, fund administration and custody for Guggenheim’s hedge fund investment platform. “We are p
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  1. Opalesque Exclusive: Endurance Series Trust launches first mutual fund, multi-series trust[more]

    Bailey McCann, Opalesque New York: Endurance Series Trust, a multi-series trust, is launching with Gator Capital Management, LLC as the adviser for the Trust’s first mutual fund series. Endurance Fund Services, LLC, an independently owned and operated fund administration company will serve as t

  2. Morgan Creek Capital Management to acquire Signet Capital Management[more]

    Bailey McCann, Opalesque New York: Investment firm Morgan Creek Capital Management has acquired Signet Capital Management a UK-based credit fund of funds with $700M in assets under management. Under the agreement, Signet will contribute its funds and senior investment management team to Morgan Creek

  3. North America – Students are launching hedge funds on colleges across America[more]

    From Valuewalk.com: …From Cornell, whose student-run hedge fund beat Wall Street returns to the University of Michigan, which allows its students to manage as much as $250,000, student hedge fund are becoming a more prominent part of financial education. Their success has attracted the attention of

  4. Comment – Can hedge funds survive Bernanke?[more]

    From Bloomberg.com: …The biggest reason for the market tranquility might be the Federal Reserve's repeated assurances that it will maintain zero interest rates and provide monetary stimulus until the economy recovers, and unemployment ebbs. That may just account for the recent flurry of storie

  5. Is investing in art holding up?: Whilst there is a huge degree of instability worldwide, top works will sell well in 2009. Works that are not fresh to the market or works that have been heavily speculated on will see a 20% to 40% drop in prices. But really rare pieces will sell well.