|
Today is Friday, February 10, 2012 at
- Countdown to Market Close:
Fundspire Envelops Growth in the Hedge Fund CloudYesterday, February 9, 2012 : PermalinkNew York (HedgeCo.net) – Fundspire, a cloud-based technology provider of performance analytics and reporting for the hedge fund industry, announced record revenue as well as significant client, product and employee growth in 2011. “We are very pleased to have had an excellent year in 2011 despite the European credit crisis which affected the hedge fund [...] Hedge Fund People: Tim Ridley Joins GlobeOpWednesday, February 8, 2012 : PermalinkNew York (HedgeCo.net) - $173 billion hedge fund GlobeOp Financial Services has appointed Tim Ridley to its Cayman Islands subsidiary board. Ridley, the former chairman of the Cayman Island Monetary Authority (CIMA) and a former senior partner of Maples and Calder, was appointed following the recent resignation of Gary Linford. “I am pleased to join GlobeOp at [...] Event-driven hedge funds up 3.54% in JanuaryWednesday, February 8, 2012 : PermalinkNew York (HedgeCo.net) – Hedge funds ended a two-month losing streak, profiting from the January market surge. The Hedge Fund Intelligence Global Composite Index rose 1.27%. The equity market rally handily exceeded hedge fund returns, however, with the MSCI World Index (net) rising 5.02% for the month. Event-driven funds were the best performers globally with a gain [...] Hedge Fund Gala: Open Your Heart to the Children Benefit 2012Tuesday, February 7, 2012 : PermalinkNew York (HedgeCo.net) – Former New York Yankees Manager Joe Torre will receive the “Hedge Funds Care Founder’s Award” at the 14th Annual New York Open Your Heart to the Children Benefit, it was announced today by Hedge Funds Care, an international non-profit organization that raises funds from the hedge fund industry to help prevent [...] UCITS Hedge Funds up 1.37% in JanuaryMonday, February 6, 2012 : PermalinkNew York (HedgeCo.net) – The UCITS Hedge Fund Alternative Index Global is up 1.37% in January, after a performance of -3.64% in 2011. The Fund of Funds Index is up 0.18% after finishing the year 2011 down -5.25%. All strategies are positive this month, with Emerging Markets posting the strongest gains with 4.04%. Long/Short Equity [...] Hedge Fund Manager Sal Naro Launches Coherence Capital Partners LLCMonday, February 6, 2012 : PermalinkNew York (HedgeCo.net) - Sal Naro, former co-managing partner of hedge fund Sailfish Capital, a $4.4 billion asset management firm with approximately $2 billion in hedge fund assets, is announcing the launch of Coherence Capital Partners LLC. “Coherence will look to capitalize on inefficiencies and thematic trends in the capital markets,” Naro said. “Quality research [...] Ader To Deploy $1 Billion to Small and Midsize Hedge FundsThursday, February 2, 2012 : PermalinkNew York (HedgeCo.net) – Ader Investment Management (AIM) has launched the Accelerator Fund Partners LP, a funding platform for hedge funds looking to boost assets under management and enhance their distribution into family offices and fund of funds. Individual manager allocations are expected to range from $25 million up to $100 million. “The last several years [...] Legg Mason Launches Permal Hedge Strategies FundThursday, February 2, 2012 : PermalinkNew York (HedgeCo.net) – $627 billion global asset management firm, Legg Mason has launched Permal Hedge Strategies Fund, a fixed income focused multi-manager, multi strategy fund of hedge funds, on February 1, 2012. “Given market volatility and investor demand for lower risk products, we have seen more desire for lower correlated, alternative investment strategies.” Matt Schiffman, [...] Data Explorers Launch iPhone App for Hedge Funds and BrokersWednesday, February 1, 2012 : PermalinkNew York (HedgeCo.net) – Data Explorers, provider of securities lending data, tracking short selling and institutional fund activity across all global market sectors, today announced the launch of its new hedge fund iPhone app, the first of its kind for the global securities lending market. “The long reign of BlackBerry as the securities lending professional’s [...] Hedge Funds Back Romney Super PACWednesday, February 1, 2012 : PermalinkNew York (HedgeCo.net) – Hedge funds have been the biggest doners to Mitt Romney’s Super PAC, “Restore Our Future.” Almost 60 corporations and wealthy individuals donated at least $100,000 each to the Romney PAC, which raised more than $20 million in the second half of 2011. He has been called “The Wall Street Candidate.” The Sydney [...] Hedge Fund Administrator GlobeOp Opens Green Mumbai OfficeTuesday, January 31, 2012 : PermalinkNew York (HedgeCo.net) – GlobeOp Financial Services has added a hedge fund administration and data centre facility in Airoli in Mumbai. The new office is located in the same Airoli business complex as GlobeOp’s third Mumbai office, opened in 2009. More than 1,675 of GlobeOp’s 2,000 global employees are based in Mumbai. Within that group are 154 product [...] Man Group Commits To Responsible Investing, Encourages Hedge Funds To Do The SameMonday, January 30, 2012 : PermalinkNew York (HedgeCo.net) – Hedge fund gian Man Group plc announced today that it has signed the United Nations-backed Principles for Responsible Investment (PRI). “This step is a signal of Man’s continued commitment to responsible investing.” Peter Clarke, Chief Executive of Man, said. As a leading alternative asset manager, we hope that by signing up [...]   S.E.C. Reaches Settlement in Bear Stearns Fraud Case
Today, February 10, 2012
NYT – The Securities and Exchange Commission has reached a settlement with two former Bear Stearns hedge fund managers that will avert a second trial over accusations that they had misled investors as the mortgage market was crumbling. The deal, which is subject to court approval, could be announced on Monday, said two people with direct knowledge of the [...] Hedge funds get creative in Glencore-Xstrata deal
Today, February 10, 2012
Reuters – Hedge funds are buzzing around Glencore’s (GLEN.L) bumper $41 billion (26 billion pounds) takeover of miner Xstrata (XTA.L) after a lean year for European M&A, but are finding their usual bets tricky in the face of the eye-watering cost of shorting Glencore’s shares. After a lull in European M&A deals in 2011, merger [...] Best’s Briefing: Hedge Fund Sponsored Non-Life Reinsurers Build Momentum
Today, February 10, 2012
Business Wire – A.M. Best Co. has released a briefing on the renewed interest of hedge funds in the non-life reinsurance industry. Hedge funds are showing renewed interest in the reinsurance business as they seek to diversify their investment strategies and deploy accumulated capital. The catastrophic losses experienced by the reinsurance industry in 2011 have [...] 5 Hedge Funds’ Top Stocks Soar After 2011 Rout
Today, February 10, 2012
TheStreet - Hedge funds, coming off their second-worst year in two decades, are on the rebound this year, but they’re still trailing the broader market. Hennessee Group, a hedge fund adviser, said its composite index of hedge fund performance gained 2.5% in January, versus a gain of 4.4% for the S&P 500 Index of the largest U.S. companies. Read [...] Hedge fund exits hit record low after bumper January
Today, February 10, 2012
Reuters – Client exits from hedge funds fell to a record low after performance bounced back in January, industry data showed on Thursday, as investors were encouraged to stick with their portfolios despite a disappointing and volatile 2011. The GlobeOp (GO.L) Capital Movement Index, which tracks monthly net subscriptions to and redemptions from hedge funds [...] Louisiana Teachers Readies Hedge Fund Consultant Search
Yesterday, February 9, 2012
FIN – A $12.7 billion Louisiana pension is set to take the next step towards its first hedge fund investment. The state’s Teachers’ Retirement System will begin a search for a hedge fund consultant next month, Pensions & Investments reports. The move follows the system’s decision to allocate 2% to hedge funds last year. Read Complete Article Bacon’s Moore Is Said to Invest $800 Million in Former Traders’ Hedge Fund
Yesterday, February 9, 2012
Bloomberg – Moore Capital Management LLC, the New York firm founded by Louis Moore Bacon, invested $800 million in a hedge fund begun last year by two of its former traders, according to two people with knowledge of the matter. The investment allowed Stone Milliner Asset Management AG founders Jens-Peter Stein and Kornelius Klobucar to [...] Hedge Fund Manager Cohen Wines and Dines With NJ Gov. Christie
Yesterday, February 9, 2012
Fox – Hedge fund manager Steve Cohen continued his wooing of national Republican leaders with a dinner Tuesday night with one of the party’s rising stars: New Jersey Governor Chris Christie, the FOX Business Network has learned. The dinner, held at the high-end midtown Manhattan steak house, Quality Meats, included a discussion that largely focused [...] Long/Short Hedge Funds To Gain From Correlation Decline
Yesterday, February 9, 2012
WSJ – Stock correlation within sectors has dropped significantly this year as markets have rallied, providing a boon for long/short equities managers who buy and sell companies based on fundamental analysis of their individual merits. Giles Worthington, a portfolio manager at RiverCrest Capital, said: “Correlations are falling with quite a powerful force and diversity in [...] Hennessee: Hedge Funds Post Gains as Equity Markets Rally
Wednesday, February 8, 2012
New York, NY – Hennessee Group LLC, an adviser to hedge fund investors, announced today that the Hennessee Hedge Fund Index advanced +2.51% in January, while the S&P 500 advanced +4.36%, the Dow Jones Industrial Average increased +3.40%, and the NASDAQ Composite Index climbed +8.01%. Bonds also advanced, as the Barclays Aggregate Bond Index increased +0.88% and the Barclays High Yield Credit Bond Index [...] China Sunshine Funds Miss Hedge Slump to Triple Assets
Wednesday, February 8, 2012
Bloomberg – Wealthy Chinese investors are turning to “sunshine” private trusts, the prototypes of hedge funds in the communist nation, as the property market cools, stocks slump and bank-deposit rates fail to match inflation. China’s private trust-fund assets tripled to 138.3 billion yuan ($22 billion) in the 18 months to Sept. 30, according to the [...] Hedge fund sues Petters’ former law firm
Wednesday, February 8, 2012
Minneapolis Star Tribune – The role of the Minneapolis law firm Fredrikson & Byron in the business affairs of convicted businessman Tom Petters is under scrutiny. A lawsuit filed in U.S. District Court in Minneapolis alleges that the firm “materially aided” Petters criminal enterprise over a 10-year period by providing him with legal assistance. Read [...] |
