Opalesque TV: Trade financing opportunities in Asia and the emerging markets capture the attention of institutions... [more]Bailey McCann, Opalesque New York: Trade financing is gaining traction with investors and one fund, the EuroFin Asia Group. Christian Stauffer, the founder and CEO of EuroFin explained in a recent interview

GAIM delegates hear fund of funds fees are increasingly discounted... [more]Beverly Chandler, Opalesque London: Reporting from the GAIM conference in Monaco, CooConnect finds that funds of funds are taking action over their fees. The site writes: "Funds of funds have insist

Multifonds’ white paper reflects on the likely impact of AIFMD... [more]Beverly Chandler, Opalesque London: Investment software provider Multifonds has published its white paper, entitled: The impact of AIFMD and convergence survey. Key findings from the survey include: 83% of respondents agree convergence o

Eurekahedge reports returns up 0.32% over May (4% year to date) and assets at highest level since mid 2008... [more]Beverly Chandler, Opalesque London: The June 2013 Eurekahedge Report reveals that hedge funds enjoyed their fifth consecutive month of net allocations and seventh consecutive month of positive returns, with the Eurekahedge Hedge Fund Index up 4

Karvy Capital launches systematic hedge fund... [more]From Thehindubusinessline.com: Karvy Capital has launched an open ended hedge fund ‘Systematic Edge fund’ and expects to raise about Rs 200 crore ($34.04m) in the next two months. A category III fund under SEBI’s Alternative Investment Fund Guidelines, it is targeted at high net worth individuals an

Hedge fund industry growth stagnant as larger players dominate... [more]From Marketwatch.com: Elite hedge fund titans are having a tough time maintaining star status in the investing world. The hedge fund business is growing at a slower pace with fewer, larger players in the market, according to a Barclays report on Monday. Assets under management are hitting an all-tim

Swiss funds increased by CHF 100bn ($829bn) year on year... [more]The Swiss Fund Association has announced that in May 2013, the volume of assets placed in the investment funds covered by the statistics compiled by Swiss Fund Data AG and Lipper reached around CHF 763 billion, a slight rise of CHF 2.6 billion month-on-month. This represents a marked increase of jus

Indices – HFRU reports declines across the board to mid-June: Composite index down 1.72%, up 0.98% year to date, Barclay CTA Index down 1.31% in May (+0.61% YTD); most traders give back April gains... [more]HFRU reports declines across the board to mid-June: Composite index down 1.72%, up 0.98% year to date HFR's UCITS indices report the HFRU Event Driven Index posted a decline of -1.06% through mid-June, from declines in Asian and Brazilian Special Situations, Merger Arbitrage and Emerging

Investing – Seth Klarman's Baupost sells two million shares of Elan, Farallon Capital and other Nathan Tinker backers force handover of Whitehaven stake... [more]Seth Klarman's Baupost sells two million shares of Elan From Streetinsider.com: Seth Klarman's Baupost Group filed 8.3 paperwork on takeover target Elan under Irish takeover law. The hedge fund showed a 7.1 million share stake, or 1.39% of the outstanding shares. This is down from

GAIM Conference – Hedge funds brace for renewed debt crisis, Hedge fund managers don hairshirts and ‘impact investing’ at Monaco meet... [more]Hedge funds brace for renewed debt crisis From Indiatimes.com: The euro zone's debt crisis may be far from over, while Japan's money-printing gamble to revive its economy could destabilize global markets if it doesn't work, some hedge fund managers say. They are taking the view that the

Regulatory – EU directive places Cayman funds at a competitive disadvantage... [more]From Compasscayman.com: The European Alternative Investment Fund Managers Directive puts non-EU managers and their funds at a disadvantage compared to EU-based alternative investment funds by restricting full access to the European market until 2015, according to Benjamin Collette, a partner at Delo

Legal – Bail granted to ex-fund managers convicted of insider trading, Leon Cooperman's Omega sues Tetragon over 2012 Polygon deal... [more]Bail granted to ex-fund managers convicted of insider trading From WSJ.com: A federal appeals court on Tuesday granted bail to two former hedge-fund managers while they challenge their convictions on insider-trading charges. Federal prosecutors had alleged that Anthony Chiasson, a

Asia – Indian hedge funds seek FIPB no for tapping foreign inflows... [more]From Business-standard.com: The fledgling Indian hedge fund industry is looking to bring in foreign investors to its fold. A number of them may soon approach the Foreign Investment Promotion Board (FIPB) for clearance in the matter, according to a person directly involved in the matter. “There

People – Soros alumnus Adam Odorczuk is said to join SAC as Asia trading co-head, Skylar hires Citadel’s Loftus Fitzwater to trade natural gas, Nikko AM appoints Ross Long as chief legal officer, Western Asset’s Paul Jablansky leaves as structured-products head... [more]Soros alumnus Adam Odorczuk is said to join SAC as Asia trading co-head From Bloomberg.com: SAC Capital Advisors LP, the Steven Cohen-led hedge-fund manager under an insider trading probe by the U.S. government, hired former Soros Fund Management LLC employee Adam Odorczuk to co-head Asia

Activist News – Activist hedge funds lose campaign for RHJI break-up, Déjà vu all over again: Bill blasts Herbalife, Daniel Loeb's belief in Abenomics drives pursuit of a Sony shake-up... [more]Activist hedge funds lose campaign for RHJI break-up From eFinancialnews.com: A group of activist hedge funds, led by Equilibria Capital, on Tuesday failed in their high-profile campaign to oust the management of RHJ International and break up the owner of Kleinwort Benson. The

News Briefs – Akin Gump publishes top 10 FAQs for US asset managers looking to Europe, Best Practices Barometer for alternative advisers and investors from RFG... [more]Akin Gump publishes top 10 FAQs for US asset managers looking to Europe US law firm Akin Gump has published a top 10 of FAQs on the AIFMD. The firm writes: On July 22 2013, the Alternative Investment Fund Managers Directive is due to be implemented in every member state in the European U

…And Finally – UK city council member reportedly claims to have fathered an alien child... [more]From Foxnews.com: A city council member in a small seaside town in the UK has raised some eyebrows after expressing his beliefs in extra-terrestrial life in a recent TV documentary. Simon Parkes claims he has had experiences with aliens since birth, and his "real mother" is a 9-foot green alie