Opalesque Exclusive: BMO launches multi-strat '40 act fund... [more]Bailey McCann, Opalesque New York: As we reach new market highs, investors are looking for a way to diversify and protect their portfolios from a potential market correction. Liquid alternatives are rapidly gaining ground as a critical tool for investors to use to mitigate downside risk. The BMO
Hedge funds are bearish on agriculture... [more]Komfie Manalo, Opalesque Asia: Hedge funds are bearish on agriculture, particularly corn and soybeans despite better prospects on wheat because of weather scares in the U.S.,
SFC and CSRC launch Mainland-Hong Kong Mutual Recognition of Funds... [more]Komfie Manalo, Opalesque Asia: Hong Kong’s Securities and Futures Commission (SFC) and the China Securities Regulatory Commission (CSRC) have signed a memorandum of regulatory cooperation on Mainland-Hong Kong Mutual Recognition of Funds, which will allow eligible mainland and Hong Kong funds to
Hedge fund assets increase 0.71% in April - eVestment... [more]Bailey McCann, Opalesque New York: The latest asset flows data out from eVestment shows that hedge fund assets are hovering around $3.125 trillion. Investors added $12.2 billion of new capital to the industry in April, while performance increased AUM by an estimated $9.9 billion.
Inflows in M
Legal - Hedge fund hits 'ridiculous' Horizon patent with AIA review... [more]From Law360.com: Hedge fund manager Kyle Bass, whose America Invents Act reviews of drug patents are under scrutiny by Congress, filed a new petition Thursday taking aim at a patent on Horizon Pharma PLC's arthritis medication Vimovo, which he called a "ridiculous" attempt to patent a combination o
North America - Chris Christie takes heat for hedge fund donations... [more]From Valuewalk.com: New Jersey Senator Shirley Turner is mad as hell, and she doesn’t want to take it any more. The Democrat has serious concerns about New Jersey Governor Chris Christie’s relationship with hedge fund managers who supply investment services to the state’s Public Employees’ Retiremen
Asia - Hedge funds win through Stock Connect... [more]From WSJ.com: A clutch of Asian hedge funds that seized on a new trading link between Hong Kong and Shanghai are posting outsize returns at a time when other investors remain wary of placing big bets on Chinese companies. As WSJ’s Mia Lamar reports: The Shanghai-Hong Kong Stock Connect link, which o
People - Laven Partners promotes Tanja Ferri to Managing Director... [more]Laven Partners, a global consultancy servicing the financial services industry, has promoted Director Tanja Ferri as Managing Director of its Operations Consulting department.
Ferri previously ran Laven’s offshore consulting and corporate governance business in the Carib
News Briefs - Hong Kong hedge fund embraces SimCorp's front office... [more]SimCorp, a provider of investment management solutions and services for the global financial services industry, has announced that LIM Advisors Limited, a Hong Kong based fund manager, has signed a milestone agreement to utilise SimCorp Dimension for a full front, middle and back office platform. Th
…And Finally - How to deal with an uncooperative computer... [more]From NBCnews.com: It's the "Dirty Harry" version of tech support. A Colorado Springs man was hit with a municipal violation after he ended a long-running battle with an uncooperative computer by blasting it eight times with a handgun Monday, police said.
Lucas Hinch, 37, was given a violation