The October edition of Hedgebay Trading Corporation’s monthly index has shown that the purchase of hedge fund assets is being driven by two prevailing sentiments among investors, creating a two-tier hedge fund market.

The Hedgebay Global Hedge Fund Secondary Market Index reveals a wide discrepancy between the highest and lowest prices at which secondary market users were willing to trade at.

The highest trade took place at Net Asset Value (NAV), the second time in the last three months that this watermark has been reached. This is symptomatic of confidence returning to some sections of the industry. However, the number of trades occurring at the lower end of the scale, the lowest of which took place at only 40% of NAV, shows that the search for liquidity and the cleaning-up of unwanted positions is still taking place.

“The trade at 100% of NAV shows that investors are increasingly willing to pay top dollar for high quality and hard to come by funds.” Elias Tueta, co-founder of Hedgebay, commented, “More and more we will see trades reaching, and maybe even exceeding, NAV as investors increasingly put their faith in these high end assets. However, in the other extreme, the trade at 40% of NAV, and the volume of trades at a similar level, still shows that riskier, less liquid assets –notably side-pockets -are increasingly overvalued. Sellers currently still have to offload these kinds of assets at whatever price they can get”

Though the disparity in the valuation of assets suggests a continuing lack of conviction among hedge fund investors, the index also provides signs of encouragement for the industry. The average price (in terms of percent of NAV) rose to 87% – the first time in five months that the average price of assets being traded has risen. While the rise in the average price is a reason for optimism, Hedgebay has indicated that hedge funds’ portfolios have not yet been fully cleaned-up:

“During a month of heavy trading volume, the average price is up almost 400 basis points from September. This, perhaps even more than the trade at 100% of NAV, is a sign of increasing optimism, but it is not yet conclusive. When we start to see a substantial amount of trades being done at around the 95% level, then we might begin to say that the hedge fund market is almost back to normal.”

The Hedgebay Global Hedge Fund Secondary Market Index, launched in September, provides hedge fund investors with statistics on the key aspects of the secondary market. Most notably it offers the average discount or premium to NAV of hedge fund shares traded during the month.

Tags: economy, hedge fund, Not Categorized

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The South Florida Benefit for Hedge Funds Care is being held Thursday, December 3, 2009, from 7 p.m. until 10 p.m. at the The Betsy Hotel South Beach, coinciding with the Basel Miami Beach art show.

The South Florida Benefit for Hedge Funds Care hopes to unite hedge funds, investors, local luminaries, and the financial and art world, for an evening dedicated to preventing and treating child abuse. The evening reception includes cocktails, hors d’oeuvres and live entertainment.

* Multiple open bars and hand-rolled cigars inside the private B-Bar and under the moonlight on the rooftop of The Betsy Hotel, with unobstructed views of the ocean along Miami Beach.

* Visit the Miami Investor Lounge where hedge funds can connect in style with family offices, funds of funds, institutional and private investors.

* Live music by the John Branzer Band who have performed with Frank Sinatra, Sammy Davis, Jr., Tony Bennett, Louis Prima, and Keely Smith.

* Silent auction featuring artwork from the Peter Lik Gallery and Friedland Art, a private island getaway at the Turks & Caicos Sporting Club at Ambergris Cay, a spa day at the Mandarin Oriental, a tour of Miami with the Official Bud Light Poker Run Team, among other prizes.

Thanks to our sponsors, 100% of event proceeds will go to Hedge Funds Care – Preventing and Treating Child Abuse.

Click this link to register

Tags: hedge fund

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The U.S. Chamber of Commerce’s Center for Capital Markets Competitiveness (CCMC) reaffirmed its position on reforming America’s capital markets and outlined actions the administration, Congress, and the business community must take to help restore and strengthen our nation’s capital markets. The Chamber again called for modernizing the regulations governing our capital markets in a way that puts the economy, jobs, and all investors first.

“We welcome Senate action to reform our broken financial regulatory system,” said David Hirschmann, president and CEO of the U.S. Chamber’s CCMC. “This effort needs to have a strong focus on protecting consumers and investors, while ensuring that our markets also supply businesses and entrepreneurs with the capital they need to grow, innovate, and create jobs.”

The Chamber supports:
–  An overhaul of existing regulators and greater transparency in financial markets.
–  Greater coordination among regulators, including mechanisms to ensure regulators have the information needed to identify systemic risks.
–  Closing the gaps to end regulatory “dead zones” and eliminating duplicative layers in current regulatory structure.
–  Greater global regulatory cooperation primarily focusing on cross border regulatory issues and financial reporting.
–  An exit strategy for programs established by Congress, Treasury, and the Federal Reserve to address the financial crisis.
–  Predictable mechanisms to dissolve failing financial institutions in an orderly fashion.
–  Registration of hedge fund advisers, including appropriate reporting to regulators.
–  Ensuring transparency in the derivatives markets through a greater use of central clearing, while preserving the accessibility and
affordability of the over-the-counter markets for corporate end-users of derivatives.

The Chamber opposes regulatory proposals that would impair financial markets and our members’ access to capital:

–  A new stand-alone Consumer Financial Protection Agency, which would add a duplicative regulatory layer to the current structure.
–  Proposals such as so-called proxy access that advance the agendas of activist special interests at the expense of good governance.
–  One-size-fits all corporate governance rules such as those contemplated in proposed “Shareholder Bill of Rights” legislation.
–  A systemic risk regulator that duplicates existing regulation or permanently designates specific financial institutions as systemically significant, thereby designating them “too big to fail.”
–  Mechanisms for sustained, open-ended government intervention in the private economy. We can only support resolution authority if it is narrowly tailored to achieve the orderly bankruptcy and dissolution of firms.

“The regulatory systems governing our markets need to be modernized, and the current debate should not be about more regulation, but smarter regulation,” said Hirschmann. “We must ensure the viability of global accounting, protect companies from excessive litigation and abusive enforcement, and stop special interests from stretching the rules governing markets in order to pursue activist agendas. We look forward to working with Chairman Dodd in shaping a regulatory system needed to meet the demands of a dynamic 21st century economy.”

Tags: hedge fund

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In today’s competitive hedge fund marketplace, startup managers seek out every advantage they can to ensure their fund’s future success.  On Thursday, October 29, a panel of accomplished industry veterans will convene in a free webinar to discuss the intricacies of launching a hedge fund in today’s constantly changing environment.  The webinar, which is hosted by Eze Castle Integration, is titled Launching a Hedge Fund: Critical Considerations for Managers.

Launching your fund can be an extremely taxing process.  This trio of panelists will share their knowledge and insights on a variety of topical issues central to starting a hedge fund.  The panel will include:

• Aaron Steinberg, Vice President of Pershing Prime Services, who will discuss operational infrastructure, selecting service providers and building a sustainable infrastructure to make your firm attractive to institutional investors.

• Evan Rapoport, Co-Founder of HedgeCo Networks, who will review how to most effectively raise capital including marketability, fund administration and regulations and registration.

• Vinod Paul, Managing Director at Eze Castle Integration, who will explore how to best implement and design a highly secure and efficient office infrastructure, including telecommunications, data protection, co-location and disaster recovery planning.

The event, which is expected to last one hour, is scheduled to begin at 1:30 P.M. ET.  Interested parties are encouraged to sign up here.

Tags: Evan Rapoport, Eze Castle Integration, free webinar, fund administration, hedge fund, HedgeCo Networks, launching a hedge fund, Pershing Prime Services, raise capital, startup manager, Steinberg, Vinod Paul, webinar

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Hedge fund investors, hurry up and circle November 10, 2009 on your calendars!  Late that Tuesday afternoon, HedgeCo will be holding one of its largest capital introduction conferences to date, in roundtable discussion format.  Held at the famed US Trust Building in midtown Manhattan, the event will allow investors the opportunity to meet with a select group of hedge fund managers within a truly intimate setting.

Doug Kass, columnist for theStreet.com, a regular on CNBC’s Squawk Box, and President of Seabreeze Partners Management will serve as the night’s keynote speaker.  Kass, a self-professed “Anti Cramer,” has garnered accolades in recent years for correctly forecasting the financial meltdown.

Fund managers representing many different strategies of the alternative investment world will be on hand to discuss the key differentiators in their funds.  Managers will spend time sitting at each investor table, personally discussing their strategies and answering questions from attendees.  This should make for a dynamic event, spotlighting several of the industry’s leading thinkers in the same room for one night.

Space for the event is limited, so investors are encouraged to sign up for the event ASAP.  If you are interested in attending the event, please click here to be redirected to the event page.  The event, which is scheduled to begin at 4:30 PM, is intended for accredited investors only.

Tags: Anti Cramer, Capital Introduction, CNBC, Doug Kass, hedge fund, hedge fund investor, HedgeCo.Net, Roubini Global Economics, roundtable discussion, Seabreeze Partners Management, Squawk Box

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Welcome to Black Gold the HedgeCo blog site about Energy and investing operated by logi Energy.  logi Energy is an investment management team that invests in the oil and gas sector in equities, options, futures, as well as on and off shore oil and gas fields and wells.  In this premier post, I’d like to tell you who we are and what we believe.  In other posts, other team members from logi Energy will provide detail and clarity to my mere words.  The basis of our investment approach is that peak oil has occurred in the world.  The world will never produce as much oil as it did in 2008 – ever again -.  Exploration has been conducted for over 130 years and every jungle, every desert, every mountain range, every rolling plain and every ocean site with potential to produce has been reviewed to identify where oil is.  As we look back at what the world has found over the decades, we now know that we’ve never found as much oil as we did in the 1960s.  Every decade since, we have discovered less and less oil. We are on track this decade to discover approximately 20% of what was discovered in the 1960s.  Today we use technology so sophisticated, it takes a PhD to refine the mathematics of the software processing the imagery. Complex engineering and deep mathematics are a hallmark of the oil industry.  Long gone are the days when geologists would lick the rocks taken from wells to identify pay zones for oil and gas.  We have technologies for finding, drilling, producing and improving oil production that allow us to very quickly identify opportunities and exploit them at a rate faster than we’ve ever been able to do.  Field after field, major region after major region, we have been applying these technologies to stretch out production well beyond original predictions.  These days our predictions are getting better and we are finding that even with the best of technology and nearly unlimited funding, we can’t stop major regions from peaking.  The latest unconstrained use of technology and money was the North Sea.  With no limitations in drilling or technology, it peaked in 1999 and today produces 70% of what it produced just 10 years ago.  The world is using oil at prolific rates.  Today we use six times the oil we used in 1950.  It is the most magical fluid in the world. One gallon of gasoline has the energy content of a man week of hard labor. Don’t believe me?  Assuming you get 32 miles per gallon on the highway like I do, how long would it take you to push your car 32 miles? A week? Longer?  Even more difficult, where could you get a week of hard labor for $2.85?  You can’t get that anywhere in the world.  The Egyptians used slaves to build their pyramids; the modern world uses liquid hydrocarbons. Some of us use our oil in more efficient ways than others. For the last 5 years, the third world citizen driving their moped has been impervious to price changes that have caused the economies of the OECD to cave in.  The summer of 2008 was the first of many price oscillations we will experience in the post Peak Oil world.  Prices will ascend until people can no longer afford the commodity, the demand dries up and prices drop letting the market rush back to the lower prices.  If it behaves like most other limited commodities, we can expect these oscillations to continue until the world transitions to other forms of energy for transportation.  Now knowing why and when the oscillations occur is our full time effort.  Check out our website at www.logipeakoil.com or contact us for details on how we do this.

BLACK GOLD posting  future

Tags: Bernanke, BlackGold, commercial real estate, COMMODITY, ENERGY, GAS, gold, Harvard Real Estate, hedge fund, LOGI, obama, OIL, OIL PRICES, PEAK OIL, President Barack Obama, Putting Money to Work, Real estate, Thomas J. Powell

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Evan Rapoport, founder and managing partner of HedgeCo Networks, is an expert on marketing hedge funds to investors. On his blog, he has been doing a series on using the internet to market hedge funds to investors.

In the first piece of the series, he discussed creating websites that draw investors in without stepping in to the area of generally soliciting clients. Basically, it’s important to have a website that is well put together and discusses the key aspects of the fund company and absolutely nothing about the actual hedge fund.

In the next article, he talks about the benefits of listing hedge funds on a hedge fund database. These hedge fund databases have access to thousands of accredited investors, and as such, your hedge fund can be viewed by many more potential clients at one time than anywhere else.

Over the next week, he is going to dole out advice on using blogs and social networking sites to increase visibility and making your new visibility effective as a marketing tool.

Tags: Blog, Databases, hedge fund, Hedge Fund Marketing, Internet Marketing Strategies, Internet Strategies, Marketing Strategies, Not Categorized, social networking, Web 2.0 Strategies, websites

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