West Palm Beach (HedgeCo.net) - Hedge fund manager OakRun Capital announced the appointment of Rolando Hermoso as director of funds. Their newly launched Short Term High Yield Fund also delivered November annualized yield of 9.58%.

Hermoso has over 27 years in the investment banking industry at various senior executive levels specializes primarily in the structuring, marketing and the execution of structured finance products. With 10 years at the Bank of America he was also Head of the Investment Bank for Citicorp for Venezuela and the Antilles. He holds Masters degrees in Management and Operations Research from Stanford University and B.S. degrees in applied mathematics and physics.

The Cayman Islands exempted fund launched on October 1st and came in at 9.48% annualized in its first month. The fund’s objective is to generate above average current income with a lower overall credit risk profile and maintain a stable NAV.

"We do not believe that simply managing for relative performance is satisfactory to our clients or ourselves." says Scott Rhodenizer, Founder, CEO, and Chief Investment Officer, "While we work to outperform the markets, we strive to do so without excessive risk."

Alex Akesson

Editor for HedgeCo.Net
Email: alex@hedgeco.net

HedgeCo.Net is a premier hedge fund database and community for qualified and accredited investors only. Membership on www.hedgeco.net is FREE and EASY. We also offer FREE LISTINGS for Hedge Funds!

Be sure to check out our sister sites. www.hedgefundlounge.com, www.hedgefundtools.com, and www.hedgefundemployment.com

Tags: advisory-services, boston, careful-selection, citgroup, current-value, default-status, finance-services, financial-modeling, graduate-school-of-business, loan-obligations, moderate-risk, prison-term, short-term-investment

CNN Money – In another sign the financial crisis is hitting Asia’s once booming hedge-fund industry, Alexis Fosler, the head of Citigroup Inc.’s ( C) prime brokerage team in Singapore has left the company, two people familiar with the situation said Tuesday.

Fosler was leading a three-person team that was set up more than a year ago to serve hedge funds clients in the island. She had previously worked in the offshore banking industry based in the British Virgin Islands.

One person said Citigroup remains committed to the Singapore prime broking business despite Fosler’s departure.

Read Complete Article

Tags: ageing-population, citgroup, contagion, curbs, deviations, domicile, lengthy-prison-terms, onshore, rebound, stock-fund, volatile-performance

Folks, I want to share some information with you on "hedge funds."

I have wanted to do this for some time now, but it seems each week some other topic pushes this one aside.

Hedge funds are simply large – no, huge is a better term – piles of money. The very rich and very large institutions, like pension funds and banks, give billions of dollars to a "money manager" to play with. These funds aren’t used to produce anything. They are mainly for the manipulation of markets.

Hedge funds are the least regulated of all money institutions. That in itself is scary because when we deregulated the savings and loan industry, greed cost the taxpayer, you and me, in the neighborhood of $750 billion. Then, when we deregulated the banking industry, it cost us, the taxpayers, $500 billion to save banks from their own greed. This was the recent sub-prime mortgage fiasco. And of course the sub-prime problem not only cost taxpayers, it also cost home owners a number too large to write in this space, in lost home value.

Read Complete Article

Tags: allegations, capitalists, citgroup, crude-prices, doldrums, indefinite-period, luxuries, mayhem, OH, portfolio-managers, subsidies