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Bloomberg – MF Global Ltd., the securities firm spun off from the largest publicly traded hedge-fund manager, is opening a brokerage in Japan to take advantage of a void left by rivals exiting the world’s No. 2 equity market.

The firm will start in Tokyo this month with 25 employees including about seven analysts and 10 employees in sales and trading, Graham Elliott, the managing director of the new venture, said in an interview. Japan will be the fourth market in which Bermuda-based MF will offer equity research, he said.

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Tags: brokerage, equity research, hedge-fund-manager

Cayman Compass – The average hedge fund recorded gains of 2.42 per cent in July data released by hedge fund data provider Hedge Fund Research shows. Hedge fund assets have increased on average by more than 12 per cent in the first seven months of this year. In July the increase was driven by higher equity market returns, Hedge Fund Research said.

July was the fifth month of consecutive gains for the industry, which lost a record 19 per cent overall in 2008. While the hedge fund industry currently experiences its best year since 1998, most fund manager have not yet recovered from last year’s losses and record redemptions in the final quarter of 2008.

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Tags: assets, cayman compass, data-provider, equity research, fund-assets, hedge fund, hedge funds, Hedge funds in 2009 recovery, losses, market research, redemption, redemptions

HedgeCo.net (West Palm Beach) – Swedish hedge fund manager, Brummer and Partners, is expanding its offering of hedge funds by launching Karakoram, a new long-short Asia fund today.

The new hedge fund will take both long and short positions in liquid equities on Asian markets such as Hong Kong, China, India, South Korea, Taiwan and Singapore. The Fund will base its positions on fundamental equity research, complemented with transaction-focused macroeconomic-analysis.

The fund’s aim is to consistently deliver a positive return for its unitholders, regardless of stock market performance in general, with a better risk-adjusted return than that of traditional equity portfolios.

Domiciled in Singapore, Ee Toh Chia is the Managing Director and a Partner of the hedge fund management company and is responsible for the management team. Ee Toh has 15 years of experience from Asian capital markets and has been involved in the management of the Zenit Fund’s Asian holdings since January 2008.

Karakoram has approximately SEK 300 million ($39 milllion) in assets under management. As Karakoram is a Bermuda-based fund a minimum investment of one million kronor ($131,000) is required. Brummer Multi-Strategy will initially invest a small proportion of its fund capital in the Karakoram Fund.

Editing by Alex Akesson
Email: alex@hedgeco.net

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Tags: accredited-investors, asia fund, asian capital markets, asian holdings, asian-markets, assets-under-management, brummer and partners, equity portfolios, equity research, fund-management-company, hedge funds, hedge-fund-management, hedge-fund-manager, hong kong china, india south, macroeconomic analysis, minimum-investment, risk adjusted return, stock market performance, west palm beach