Today's Exclusives
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Opalesque Exclusive: Execs leave SocGen to launch multi-commodity discretionary hedge fund [more]
Benedicte Gravrand, Opalesque Geneva:
Two managing directors have just left Société Générale (SG), the French investment bank, to launch a new commodity hedge fund house in Paris called Belaco Capital. The official launch date of their first fund is expected in Q4 this year.
One of them is
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Opalesque Exclusive: Gold prices flat as market corrects and investors await EU summit [more]
Bailey McCann, Opalesque New York:
Gold prices have fallen flat in recent weeks as the market shows signs of fatigue and investors choose the dollar over gold. In a recent Opalesque Radio interview with Andreas Maag, Head of Swiss Precious Metals Distribution at UBS Investment Bank, he noted tha
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Opalesque Exclusive: Gulf financial free zones attract major investment banks [more]
From Precy Dumlao, Opalesque Asia:
The financial free zones, particularly the Dubai International Financial Centre, have opened financial opportunities in the Gulf region because they have attracted almost every major investment bank in the world, according to Adrian Sender who works for
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Barclay CTA Index down -0.10% in April (-0.62% YTD) [more]
Opalesque Industry Update - Managed futures slipped 0.10% in April according to the Barclay CTA Index compiled by BarclayHedge. The Index is down 0.62% year-to-date.
“Although commodity prices dropped in April as measured by a decline of 0.75 percent in the Reuters/CRB Index, several secto
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GlobeOp Forward Redemption Indicator measures 3.31% in May, up from 2.00% in April [more]
Opalesque Industry Update - The GlobeOp Forward Redemption Indicator for May 2012 measured 3.31%, up from 2.00% in April.
“As we near the half-way mark, forward redemption requests remain lower on a month-to-month basis,” said Tony Glickman, global head of client solutions, GlobeOp Fina
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Investment advisor Horizon Cash Management hires Michael Markowitz as CIO [more]
Opalesque Industry Updates - Horizon Cash Management LLC, an investment advisor specializing in active cash management for the
alternative investments industry, today has announced the appointment
of Michael Markowitz as Chief Investment Officer.
Mr. Markowitz, who also holds the titles of execu
Today's Other Voices
More Exclusives
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22. May. |
Investment advisor Horizon Cash Management hires Michael Markowitz as CIO [more]
Opalesque Industry Updates - Horizon Cash Management LLC, an investment advisor specializing in active cash management for the
alternative investments industry, today has announced the appointment
of
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22. May. |
GlobeOp Forward Redemption Indicator measures 3.31% in May, up from 2.00% in April [more]
Opalesque Industry Update - The GlobeOp Forward Redemption Indicator for May 2012 measured 3.31%, up from 2.00% in April.
“As we near the half-way mark, forward redemption requests remain
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22. May. |
Barclay CTA Index down -0.10% in April (-0.62% YTD) [more]
Opalesque Industry Update - Managed futures slipped 0.10% in April according to the Barclay CTA Index compiled by BarclayHedge. The Index is down 0.62% year-to-date.
“Although commodity pric
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21. May. |
Former Societe Generale senior commodities executives exiting to launch Belaco Capital [more]
Opalesque Industry Update - Belaco Capital, a multi-commodity discretionary hedge fund that will be managed from
Paris. Dr. Frédéric Lasserre is well-known for building and heading the SG commodity
re
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21. May. |
Finles’ Dutch Hedge Fund Index has tough April, down 1.12% (+2.29% YTD) [more]
Opalesque Industry Update - The Dutch Hedge Fund Index ended April 2012 -1.12% lower. More than the DB (-0,24%) and Lyxor Hedge Fund Indices (-0,02%) for the month but positive for the year (+2.29% Yt
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21. May. |
All EDHEC hedge fund strategies negative in April except for short selling [more]
Opalesque Industry Update - In April, the stock markets (-0.65%) ended a strong four-month upward trend and registered their first setback of 2012. Simultaneously, after six months of a spectacular fa
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21. May. |
Opalesque Exclusive: Middle East regulatory framework should attract fund management industry, Opalesque Gulf Roundtable [more]
From Precy Dumlao, Opalesque Asia:
The local regulatory framework in the Middle East should focus on inviting the fund management industry rather than making it tough to set up and do business here, claimed Zeeshan Ahmedani, a Partner at the international law firm
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21. May. |
Opalesque Exclusive: Emanagers Total Index down 0.38% in April (+3.05% YTD) [more]
Florian Guldner, Opalesque Research:
Emerging manager hedge funds and managed futures funds experienced slight losses in April, according to a first estimation based on the data of 291 funds listed in Opalesque Solutions' Emanagers database.
The Emanagers Total Index lost 0.38% in March,
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21. May. |
Opalesque Exclusive: Hedge funds engage with JP Morgan, Facebook stocks - hedge fund news, week 20 [more]
In the week-ending 18 May, 2012, it was reported that Trian Fund Management said it wanted to raise $2bn to launch a new fund, Trian Partners Strategic Investment Fund II; Los Angeles-based asset management firm TCW is raising $250m for its new hedge fund focused on foreclosed homes; Farallo
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18. May. |
Barclay Hedge Fund Index down 0.44% in April, remains up 5.05% YTD [more]
Opalesque Industry Update – Hedge funds lost 0.44% in April 2012, according to the Barclay Hedge Fund Index compiled by BarclayHedge.
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18. May. |
HFRX Global Hedge Fund Index down 1.22% in mid-May (+2.01% YTD) [more]
Opalesque Industry Update - Global equities continued and extended declines through mid-May, with investors focused on weak US employment data, resurgence of Euro sovereign debt risks and trading loss
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18. May. |
Greenwich Global Hedge Fund Index fell -0.46% in April (+4.0% YTD) [more]
Opalesque Industry Update - Hedge fund managers produced mixed results in April but lost ground on average as the Greenwich Global Hedge Fund Index fell 0.46% in the month. Long-Short Credit, Fixed In
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18. May. |
Opalesque Exclusive: Direct investment, managed accounts gain traction with family offices [more]
Bailey McCann, Opalesque New York:
Family offices are key sources of capital allocations for hedge funds. Peter Fletcher of the Parly Family Office has been investing in hedge funds for several years. Fletcher, now based in Switzerland was
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18. May. |
Opalesque Exclusive: Filtering risk premia to achieve diversification is the focus of consultants in the hedge fund space [more]
By Beverly Chandler, Opalesque London:
Towers Watson’s recent two papers on the state of the hedge fund industry were reported on in Opalesque. Damien Loveday,
More Other Voices
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27. Mar. 2012 |
Other Voices: How ironic – economic growth may be the poison pill to the 2012 bull market [more]
The author, Steven Michael, is the Founder, Principal & Chief Investment Officer of Stonehenge Asset Management. He has over 25 years experience in the alternative management space. His extensive financial career began in 1985 on the trading floor of the Chicago Board of Trade (CBOT). He is also a
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23. Mar. 2012 |
Other Voices: Not your father's hedge fund industry [more]
Authored by Matt Nelson, Executive Director, Strategy at Omgeo LLC, a financial operations
expert, this article looks at the consequences of pending regulations on the hedge
fund industry.
Much of discussion on the regulatory changes fa
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05. Mar. 2012 |
Other Voices: Know the difference between conviction and clarity in marketing [more]
This article was authored by Diane Harrison, principal and owner of Panegyric Marketing, a marketing communications firm founded in 2002 that specializes in a wide range of strategy and writing services within the alternative assets sector
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29. Feb. 2012 |
Other Voices – Inefficiencies in the Emerging Markets High Yield Debt Asset Class [more]
From André Simon, Galloway Capital (www.gallowaycapital.com):
There is a common belief that Emerging Markets High Yield (EM HY) should pay a higher yield than their US HY peers (difference is currently around 200bps) because of EM’s lack of Rule of Law, which in turn affects EM’s recovery rate
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02. Feb. 2012 |
Other Voices: Who's watching your assets? Lessons from MF Global [more]
The author is Deborah Prutzman,CEO, The Regulatory Fundamentals Group, a firm that
provides an enterprise-wide view of the US laws that impact alternative asset
managers and others involved in the field:
In the wake of MF Global, it can be tempting to suggest myriad rules, which, if
followed, wo
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27. Jan. 2012 |
Other Voices: A Very Crowded Trade [more]
This article was authored by Richard Harris, fund manager at Port Shelter Investment Management, based in Hong Kong. He compares the investment management industry to what it was like 26 years ago.
I remember a former Managing Director asking me to write a message to Head Office on a blank
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16. Dec. 2011 |
Other Voices: The truth about hedge fund risk [more]
This article was authored by Charles T. Hage. Mr. Hage is currently
Compliance Officer at U.S.-based firm Mohican Financial Management, LLC.
During his career he has reviewed financial performance measures in
alternative investments and managed financial risk in corporate
investment programs.
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01. Nov. 2011 |
Other Voices: Agecroft Partners believes Hedge fund branding drives a majority of asset flows [more]
By: Don Steinbrugge, Chairman of Agecroft Partners, a global consulting and third
party marketing firm for hedge funds:
Since the market correction of 2008, a vast majority of hedge fund net asset flows
have gone to a small minority of hedge funds with the strongest brands, marking a
change
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- Sciens managed account platform adds J E Moody Commodity Relative Value Program[more]
From Investmenteurope.net: Sciens Fund of Funds Management Holdings, part of the Sciens Capital Management Group and provider of single- and multi-strategy funds of hedge funds and managed account services, has added J E Moody's Commodity Relative Value Program to its managed account platform.
- Opalesque Exclusive: Filtering risk premia to achieve diversification is the focus of consultants in the hedge fund space[more]
By Beverly Chandler, Opalesque London:
Towers Watson’s recent two papers on the state of the hedge fund industry were reported on in Opalesque. Damien Loveday, - Opalesque Exclusive: Direct investment, managed accounts gain traction with family offices[more]
Bailey McCann, Opalesque New York:
Family offices are key sources of capital allocations for hedge funds. Peter Fletcher of the Parly Family Office has been investing in hedge funds for several years. Fletcher, now based in Switzerland was - Opalesque Exclusive: Regulatory environment pushes more hedge funds to the cloud[more]
Bailey McCann, Opalesque New York:
The growing regulatory environment is pushing more hedge funds to the cloud according to the Abacus Group. Chris Grandi, managing director of the US-based cloud provider, explains that as the reporting and transparency burdens grow for funds many are moving i - Litigation investing: The Sovereign Medicare Recovery Trust (SMRT) is a one-off specialty litigation case that is a secured loan to a plaintiff, major non-profit organisation.
The Trust is paying investors a 9% return on capital (ie even if the case is lost, investors get capital returned plus 9%) in the best case (ie if the settlement were to exceed USD1 bn from a claim of approximate USD100 bn) it would offer a six to one plus the return of capital and 9%.
It is low risk, as the plaintiff is escrowing funds to assure loan repayment...[more]
The Sovereign Medicare Recovery Trust (SMRT) is a one-off specialty litigation case that is a secured loan to a plaintiff, major non-profit organisation.
The Trust is paying investors a 9% return on capital (ie even if the case is lost, investors get capital returned plus 9%) in the best case (ie if the settlement were to exceed USD1 bn from a claim of approximate USD100 bn) it would offer a six to one plus the return of capital and 9%.
It is low risk, as the plaintiff is escrowing funds to assure loan repayment...
HANG SENG INDEX- Weekly
Intermediate Trend (3 Months): Negative
Friday’s Close: (ASIA): 18,951 (- 249)
UPDATE: We had remained long, from 16,674 (35 % of our original position), until eight weeks ago we booked the remaining profit at 21,101. Four weeks ago, we noted; “Major resistance near 21,460 remains a key test for this Index”. That area subsequently held resistance.
Two weeks ago, we stated, “The market will not begin to recover until a daily close above 20,790 is achieved”.
It has been a collapse ever since, and as we wrote a week ago, this parabolic move is making buying a tough proposition.
The market bounced on Friday, and closed at the session high.
Could this be the start of an upside price retrace?
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