Other Voices: Great rotation? What great rotation?... [more]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 ov

Other Voices: Three 'game changers’ have limited contagion in European markets... [more]This piece was authored by Melanie Rijkenberg, CFA, Associate Director, Pacific Alternative Asset Management Company Europe LLP. Since the start of the year we have seen a clear de-correlation in global markets and most n

Launches – Blackstone preparing launch of ‘super’ hedge fund, Paulson said to team with insurer for new low-tax merger fund... [more]Blackstone preparing launch of ‘super’ hedge fund From FT.com: Blackstone is preparing to launch a “super” hedge fund to cherry-pick the best trades from the hundreds of third-party hedge funds it invests with, in an effort to try to recapture the outsize returns the $2tn industry was on

HFRU Hedge Fund Composite Index rises +1.43% through mid-May (3.77% YTD)... [more]UCITS compliant Hedge Funds posted the strongest gain since HFRU launch, with the HFRU Hedge Fund Composite Index rising +1.43% through mid-May. • HFRU Equity Hedge Index rose +2.30% through mid-May 2013, the strongest gain since January 2012, with positive contributions from exposures to tech

Goldman offers hedge funds to the 99%... [more]From TheStreet.com: Goldman Sachs said Thursday it is bringing the sophisticated trading strategies of Wall Street hedge funds to individual investors with investment portfolio's and retirement accounts as small as $1000. The bank's investment management unit, Goldman Sachs Asset Management, i

New Jersey to invest or commit up to $801m in alternative investments... [more]From PIonline.com: New Jersey Division of Investment, Trenton, which manages investments for the $75.3 billion New Jersey Pension Fund, will invest or commit up to $801 million in five alternative investment funds. Event-driven and activist hedge fund manager JANA Partners was awarded $100 million f

Regulatory – Ireland: First EU member state to open AIFMD application process... [more]From international law firm Maples and Calder: The Central Bank of Ireland has released a full suite of AIFMD documentation, which will permit interested parties to seek authorization in Ireland as alternative investment fund managers or to establish Irish alternative investment funds on and after 2

Legal – SEC wins D&O bar against alleged hedge fund scammer... [more]From Law360.com: The U.S. Securities and Exchange Commission can bar a private hedge fund manager accused of misusing investor assets from serving as director or officer of a public company, an Illinois federal court ruled Thursday, despite the defendant’s claims that such a ban was “totally unprece

Commodities – Gold posts 6th consecutive loss, hedge funds still interested?... [more]From Wallstcheatsheet.com: On Thursday, gold futures for June delivery, the most active contract, declined $9.30 to close at $1,386.90 per ounce, while silver futures for July traded flat to finish at $22.66. Gold has now closed lower for six consecutive sessions. Both precious metals continue to dr

People – UBS hedge fund traders go to Millennium, BlueCrest and Tudor, Darren Stainrod joins Highwater, Horizon Cash Management promotes Michael Markowitz to president, Canadian firm Dynamic Funds names new chief strategist in manager shake-up... [more]UBS hedge fund traders go to Millennium, BlueCrest and Tudor From Greenwichtime.com: UBS O'Connor, the $5.7 billion hedge-fund unit within Switzerland's biggest bank, has lost at least six equity traders this year to Millennium Management, BlueCrest Capital Management and Tudor Investmen

Service Providers – GoldenTree Asset Management expands with Paladyne data management warehouse, VelocityShares announces licensing of innovative hedged equity indices... [more]GoldenTree Asset Management expands with Paladyne data management warehouse Paladyne Systems, Inc., a Broadridge Financial Solutions, company and leading provider of next generation investment management solutions, has announced that it has expanded its partnership with long-term client

News Briefs – State Street’s SPDR launches new dividend ETFs, Saudi giant NCB Capital hires State Street Advisors to help develop two Shariah-compliant Ucits funds, Real estate overtakes commodities as top sovereign fund asset, William Ackman, investor group in contract to buy a New York penthouse, VFM introduces UCITS Master Feeder Fund, Bill Gates retakes world’s richest title from Carlos Slim... [more]State Street’s SPDR launches new dividend ETFs State Street’s exchange-traded funds (ETF) platform SPDR has launched two new ETFs on the Deutsche Borse, the SPDR S&P Global Dividend Aristocrats UCITS ETF and the SPDR S&P Pan Asia Dividend Aristocrats UCITS ETF. The SPDR S&P Global Dividen

…And Finally – Earn a college degree in heavy metal. Really.... [more]From Time.com: Were you the type of college student who preferred to hide in your dorm room blasting Metallica instead of studying? Did you skip class to travel to a Black Sabbath show? Or sleep through mathematics after a late night of headbanging? For some students at a UK college, watching and li