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
U.S. prosecutors mull anti-racketeering law against Steve Cohen... [more]From Komfie Manalo, Opalesque Asia – Government investigators are considering using the Racketeer Influenced and Corrupt Organizations Act to pin Steven Cohen and his hedge fund firm SAC Capital in insider trading,
Australia vows improved hedge fund disclosure, seeks recognized definition... [more]From Komfie Manalo, Opalesque Asia – Australia’s market regulator, the Australian Securities and Investments Commission (ASIC), said it would allow submissions from industry players to better define "hedge funds." The order was given on concerns that the current definition affected a number of funds
Dow Jones Credit Suisse Hedge Fund Index finished up 1.39% in April (+4.99% YTD)... [more]The Dow Jones Credit Suisse Hedge Fund Index finished up 1.39% in April. A new monthly commentary offers insight into hedge fund performance through the month of April. Some key findings from the report include:
Hedge funds, as measured by the Dow Jones Credit Suisse Hedge Fund Index, finished
Family offices play catch-up on hedge fund due diligence... [more]From FA-mag.com: Global family office adoption of operational hedge fund due diligence has surged in recent years after lagging behind entities such as endowments, foundations and pensions, according to a new study. Eighty-two percent of family offices surveyed were not performing operational due di
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
Regulatory – Wins by hedge funds prompt debate on sovereign restructuring... [more]From FT.com:…Concerned that an imperfect but functioning sovereign debt restructuring system could now be disrupted by emboldened hedge funds, the International Monetary Fund is considering how to reform the process. Later this week it will publish a paper and minutes from an executive board discuss
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
Europe – London hedge funds ‘mapped’ by G8 protesters, Europe steps up fight against tax cheats... [more]London hedge funds ‘mapped’ by G8 protesters
From FT.com: A number of London-based hedge funds including Man Group and Brevan Howard have been targeted by an anti-capitalist group ahead of the G8 summit next month. The group, Stop G8, has drawn up an “action map” of what they call the “h
Events – ALTERNATIVES 4 CHILDREN will host its first event of the year on May 30 in Amsterdam... [more]Did you enjoy last year's event or did you hear from a friend how great it was? Then join us at one of the industry's leading events of the year. Come and network with the Dutch Financial Alternatives Industry and support our foundation
Come on board of the Supperclub boat in Amsterdam for a v
News Briefs – Michael Weinstock to bring distressed debt fund Monarch to London... [more]Michael Weinstock, chief executive of one of the most prominent US distressed debt hedge funds, Monarch Capital, has made the move to establish a branch in London’s banking capital. Monarch’s move to the financial capital of Europe is being interpreted as a definite reaction other opportunities bein
…And Finally – Light of my life: Homemade engagement ring glows when fiancee is near... [more]From NBCnews.com: An inventor's romantic proposal idea has come to happy fruition. It took months of work, but Ben Kokes crafted an engagement ring for his girlfriend, Julie, that would light up from within — but only after he put it on her finger and took her by the hand.
(First, for those wh
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In the article below, Alex McKnight, investment manager at GAM, an independent, active investment management firm, comments on why convertibles are catching investors’ eyes.
We believe the "great rotation" is overhyped, what we are seeing is actually a natural shift into riskier equity linked ass..
An Opalesque column for global macro investors.
Benedicte Gravrand, Opalesque Geneva:
Pre-2008 economic inadequacies have not been addressed effectively and we could depend on government stimulus for a long while, until we "reach a point where an endgame will be forced upon us," accordi..
Danny Latham
