Industry Updates Archive
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HELPCENTER
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16 Aug. 2011
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CAIA Association appoints Robert De Rito, APG Asset Management US, to board of directors [more]
Opalesque Industry Update - The Chartered Alternative Investment Analyst
(CAIA) Association, sponsor of the CAIA designation, the benchmark for alternative
investment education worldwide, today announced the appointment of Robert De Rito,
Head of Financial Risk Management at APG Asset Management US,
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15 Aug. 2011
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Hedge funds hold their ground in July [more]
Opalesque Industry Update - Despite major declines in the equity markets, hedge funds as a whole held their ground in July, with a 0.01% loss in the Barclay Hedge Fund Index compiled by BarclayHedge. Year-to-date, the Index is up 1.06%.
“Declines across equity markets in Europe and the US
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15 Aug. 2011
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Brutal week for fund flows conjures memories of 2008 [more]
Opalesque Industry Update - An imperfect storm of downgrades, rumors, lackluster macroeconomic data and the ongoing Eurozone debt crisis transformed a retreat by investors into something approaching a stampede during the week ending August 10. Redemptions from most EPFR Global-tracked fund groups so
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12 Aug. 2011
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AIMA warns short selling bans exacerbate volatility [more]
Opalesque Industry Update - The Alternative Investment Management Association (AIMA), the global hedge fund association, has responded to the temporary short selling bans introduced by France, Italy, Belgium and Spain.
AIMA CEO Andrew Baker said: “We do not think these bans will help th
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12 Aug. 2011
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EDHEC-Risk Institute denounces short selling bans [more]
Opalesque Industry Update - EDHEC-Risk Institute condemns the August 11 decisions by the financial market authorities in Belgium, France, Italy and Spain to impose or extend short-selling bans in the wake of renewed market volatility.
These hasty decisions are not only devoid of theoretic
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11 Aug. 2011
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Dr Doom thinks everybody in the world has become a Keynesian [more]
Opalesque Industry Update – On Tuesday, Marc Faber (aka Dr Doom), publisher of the Gloom, Boom & Doom report, told Bloomberg, when discussing the U.S. Federal Reserve’s decision to keep the interest rates down through 2013, that the Fed had been right in not announcing QE3 “so they can watch the rea
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10 Aug. 2011
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CME Group volume reached all-time high on August 9 [more]
CME Group, the global derivatives marketplace, reached a record high in single-day volume with 25,734,651 contracts traded across all asset classes on Tuesday, August 9, surpassing the previous record of 25,282,704 contracts on May 6, 2010.
Additionally, record volumes were reached in gold
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09 Aug. 2011
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Hedge fund investors ramp up mid year redemptions and for first month inflows don't keep pace [more]
Opalesque Industry Update – Mid-year investor redemptions at hedge funds saw an increase in July, just as hedge funds started to show gains in 2011. HFN reports that with hedge fund managers returning an average of 0.82% in July, investors decided for the first time in over a year that they would b
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09 Aug. 2011
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Greenwich Global Hedge Fund Index up +0.7% in July (+1.2% YTD) [more]
Opalesque Industry Update - Hedge funds as measured by the
Greenwich Global Hedge Fund Index (“GGHFI”) posted mixed results among
strategies but generally finished the month with gains. The GGHFI advanced
0.67% compared to global equity returns in the S&P 500 Total Return
(-2.03%), MSCI World E
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08 Aug. 2011
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Massachusetts hedge fund managers will need a written promise to use expert networks [more]
Opalesque Industry Update – Massachusetts Secretary of State Galvin has once again honed his laser-like focus onto hedge funds and introduced a new rule that will require hedge funds using expert networks to secure written certification that experts are not passing on inside information.
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08 Aug. 2011
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CME Group announces new heads for Equity and Interest Rate businesses [more]
Opalesque Industry Update - CME Group, the world's leading and most diverse derivatives marketplace, today announced the following additions to its product leadership team:
Michael Kilgallen, Managing Director, Equity Products
Kilgallen, 39, will be responsible for advancing the growth strat
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08 Aug. 2011
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Legg Mason’s Chairman blasts Standard & Poor’s for US downgrade [more]
Opalesque Industry Update – Legg Mason Capital Management’s CIO Bill Miller lent his voice to those sharply criticizing Standard & Poor’s downgrade of US credit at the end of last week. In a statement released by the firm early on Monday, Miller says:
“At best, S&P showed a stunn
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05 Aug. 2011
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Hedge funds post 0.76% gain in July [more]
Opalesque Industry Update - Equity markets extended declines in July as investors exhibited concern with regard to both the extension of the U.S. debt limit and continuing concerns about European sovereign debt risk. US fixed income yields fell and gold posted record gains, while the US dollar trade
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05 Aug. 2011
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In July hedge funds were broadly positive, but equity funds were slightly down even ahead of early August turmoil [more]
Opalesque Industry Update - Here’s the latest hedge fund performance data from HedgeFund Intelligence, which publishes AR, EuroHedge, AsiaHedge, InvestHedge and Absolute UCITS:
July was a broadly positive month for hedge funds, with the Global Composite Index rising 0.48%.
• Equi
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05 Aug. 2011
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UCITS HFS Index starts positive into second half of 2011, up +0.27% in July [more]
Opalesque Industry Update - After a difficult first half of
the year the UCITS HFS Index reverses its negative trend in July 2011 and
reports a monthly performance of +0.27%. July started off very positively
with gains of +0.62% in the first week of trading, being the only positive
weekly return of
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04 Aug. 2011
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Rubicon takes legal aim at hedge fund launch by former Co-CIO Attias [more]
Opalesque Industry Update – In early July Tim Attias, former co-chief investment officer of Rubicon Fund Management, announced he would launch Sata Partners along with Catheri
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04 Aug. 2011
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To source Asian hedge fund managers and grow assets Mesirow Financial announces Hong Kong office [more]
Opalesque Industry Update - Mesirow Financial announced that it plans to open a Hong Kong office in the fourth quarter of 2011. Mesirow Financial Hong Kong Limited will be a subsidiary of Mesirow Financial Holdings, Inc., and will be initially staffed with senior investment professionals and client
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04 Aug. 2011
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IQ Hedge Global Macro Beta Index up +2.70% in July (+4.90% YTD) [more]
Opalesque Industry Update - IndexIQ, a leading developer of index-based alternative investment solutions, today announced the performance of its proprietary family of hedge fund replication and alternative beta indexes.
Designed as investable benchmarks that replicate the performance char
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03 Aug. 2011
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Hedge fund veterans launch Singapore-based emerging markets platform [more]
Opalesque Industry Update - Simon Hopkins, who founded Fortune Asset Management and then sold that firm to Close Brothers in 2006, has launched Singapore-based Milltrust International Group, an emerging markets investment platform focused on Asia, Africa, and Latin America.
The firm is on the
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03 Aug. 2011
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Research firm Woodbine Associates ads equity analyst Michael Kurzrok from hedge fund Caxton Associates [more]
Opalesque Industry Update - Woodbine Associates announced the addition of Michael Kurzrok, who will join the firm as a Director and work as an equity market analyst. According to a relase by the firm, he will produce researc
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03 Aug. 2011
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Hedge funds up 0.20% (est) in July as most strategies struggle to make gains [more]
Opalesque Industry Update - The Dow Jones Credit Suisse Core Hedge Fund Index finished up 0.20% in July led by gains in the Managed Futures sector.
Oliver Schupp, President of Credit Suisse Index Co., LLC, said, “The Dow Jones Credit Suisse Core Hedge Fund Index finished up 0.20% for the m
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03 Aug. 2011
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Fund administrator GlobeOp reaches new AuA high of $170bn, an increase of 42% in past 12 months [more]
Opalesque Industry Update - Today, independent fund administrator, GlobeOp announced its interim results for the six months ended 30 June 2011.
GlobeOp made strong progress in the first half of this year, reaching a new AuA high of $170 billion – an increase of 42% in the past 12 months. Its re
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03 Aug. 2011
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MF Global’s $300m bond offering stirs controversy with Corzine clause [more]
Opalesque Industry Update – MF Global Holdings Ltd., a broker-dealer providing trading and hedging solutions,
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03 Aug. 2011
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UBP gains CH105m in profits in H1-2011, but assets still down as Swiss Franc continues ascent [more]
Opalesque Industry Update - Swiss private bank and asset manager Union Bancaire Privée (UBP) recently publicized profits of CHF105.4m ($125.2m) for the first half of 2011 (H1-2011) – compared to CHF103.3m in H1-2010.
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03 Aug. 2011
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Credit Suisse Liquid Alternative Beta (“LAB”) Index down 0.95% in July [more]
Opalesque Industry Update - The Credit Suisse LAB Liquid Indices posted negative performance in July
according to Dr. Jordan Drachman, Head of Research for Alternative Beta Strategies at Credit Suisse.
Dr. Drachman noted, “The Credit Suisse Liquid Alternative Beta Index (“CSLAB”), which aims to r
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