Opalesque Roundtable: There is trend towards boutique directorship services firms... [more]Komfie Manalo, Opalesque Asia: The focus on corporate governance that is pushing for higher standards in the hedge funds space culminated in the Statement of Guidance issued by the Cayman Islands Monetary Authority (CIMA) in January this year, declared Darren Stainrod, a Principal at
Opalesque Exclusive: Hedge fund administrators continue to grow, technology a leading cost driver... [more]Bailey McCann, Opalesque New York: As regulation and reporting requirements grow for alternative investments, hedge fund administrators are growing as well. Assets under administration (AuA) are now up 6.23% to $6.37tn in the second half of 2013 compared to the first half of 2013, according to th
Opalesque Exclusive: CME gets approval for new European derivatives exchange... [more]Benedicte Gravrand, Opalesque Geneva: CME Group, a large Chicago-based derivatives marketplace, has just received approval from the UK’s Financial Conduct Authority (FCA) for a London-based derivatives exchange. It will be called
SYZ & Co launches levered OYSTER Market Neutral Plus... [more]Komfie Manalo, Opalesque Asia: Swiss private banking group SYZ & CO launched the OYSTER Market Neutral Plus, a new sub-fund
of OYSTER, its Luxembourg UCITS SICAV. The fund will follow up on the success of the
OYSTER Market Neutral fund t
Hedge fund LJM Partners’ funds generate positive returns through February... [more]Komfie Manalo, Opalesque Asia: LJM Partners’ funds,
the LJM Moderately Aggressive (Cayman Islands) and LJM Preservation and Growth Fund
(European onshore) maintained positive growths through February despite another bout
of intense upwa
Jefferies Group’s Richard Handler reaps 54% gain in six months on Harbinger wager... [more]From Bloomberg.com: Leucadia National Corp., run by Jefferies Group LLC Chief Executive Officer Richard Handler, reaped a 50 percent gain in less than six months on its purchase of shares in Philip Falcone’s Harbinger Group Inc. Harbinger Group climbed 1.8 percent to $12.73 at 4:15 p.m. in New York
Hedge funds look to put strategies into ETFs to lure more investors... [more]From Reuters.com: More client-hungry hedge fund managers are looking to put their investment strategies to work in exchange-traded funds, a move that could exponentially expand their pool of investors but requires them to slash investment management fees.
That is a tradeoff many managers of sm
SAC seeks a new start as 'Point72'... [more]From WSJ.com: Meet the multibillion-dollar investment firm formerly known as SAC Capital Advisors LP. After much speculation on Wall Street, the new name for the former hedge-fund giant is Point72 Asset Management, a nod to the firm's longtime headquarters at 72 Cummings Point Road in Stamford, Conn
Outlook – Big hedge fund money warns about tech bubble, Capacity tops hedge fund investor agenda... [more]Big hedge fund money warns about tech bubble
From CNBC.com: Prominent money managers are warning of a bubble in some technology stocks and recommending investors avoid emerging markets in favor of Europe.
"The high probability is when you look back on this period five years from no
Traders borrow coaching tools from sports to beat market indexes... [more]From SFGate.com: …Coaching, which decades ago migrated from the playing field to the executive suite, has been slow to penetrate high finance. That’s beginning to change as traders and fund managers scramble for any edge they can find following five years in which many actively managed funds failed
Australasia – Australia sells record A$7 billion bonds as deficit widens... [more]From Businessweek.com: Australia sold A$7 billion ($6.3 billion) of 12-year notes in the nation’s largest bond sale on record. The sale of April 21, 2026 notes was managed by banks and exceeds the A$5.9 billion offered at the government’s last syndicated bond transaction in November. The securities
People – BofA's head of global prime brokerage Stuart Hendel in talks to leave... [more]From WSJ.com: Bank of America Corp.'s Head of Global Prime brokerage is in discussions to leave the company, people familiar with the matter said.
Stuart Hendel, who has held the position since 2011, will leave at the end of May, the people said. Mr. Hendel will stay at the firm through a tran
…And Finally – Police capture angry housecat while family hides in bathroom (with the family dog)... [more]Police in Oregon said they were called to rescue a family who locked themselves in the bathroom when their 22-pound cat became aggressive and attacked a baby.
Portland Police said the family called 911 Sunday night to report their black and white Himalayan cat had become aggressive and attack
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Diane Harrison, principal and owner of Princeton, NJ-based Panegyric Marketing, authored this article.
Global Macro may be coming back in style. Why? It’s all about the money. A leading tracker of global indices, BarclayHedge states that, simply put, global macro relies upon the flow of capital ..
