Gulf Times – It can be hard to separate the wheat from the chaff when there is no immediately apparent difference between them. These days, the world of hedge funds more closely resembles a vast field of chaff, with just a few shoots of wheat here and there.

Given that there are some ten thousand hedge funds in existence around the world today, and only one in ten is really a hedge fund in the true sense, it takes a highly skilled and firm hand to sort through them all. In recent years, fund selectors – some quite renowned – have been offering clients some of these supposed ”hedge funds” that match neither the concept nor even the definition of this asset class.

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Tags: asset class, existence, fund selectors, gulf times, hedge fund, hedge funds, ten thousand, true sense, wheat from the chaff, world today

Caymen Net News – The CAYS Foundation is continuing its work with the Cayman Islands’ youth, raising awareness and addressing the issues of child abuse and neglect, through funding from a Hedge Funds Care Cayman (HFCC) grant.

Among the many projects the CAYS Foundation has developed is the Family Reunification Programme (FRP), which is designed to strengthen vulnerable families during the period when a child is preparing to return home after a stay at one of CAYS Foundation’s two residential homes. The programme has been in existence since the CAYS Foundation’s inception in 2003.

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Tags: abuse and neglect, cayman islands, child abuse and neglect, existence, family reunification, frp, hedge funds, hfcc, inception, rsquo, vulnerable families

Guardian.co.uk – "Parts of the current complexity arises from the existence of distressed debt investors who sometimes see commercial advantage from using an insolvency process to organise the sale of the viable part of a business to a solvent buyer leaving behind the least profitable parts," Tony Lomas, chairman of PwC Business Restructuring, said.

Vulture funds buy debt in struggling firms at a significant discount – sometimes at 20p in the pound – expecting that when the company breaches its loan covenants and falls into administration, a sale of assets may repay debt at a higher price.

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Tags: assets, breaches, business restructuring, commercial advantage, complexity, distressed debt investors, existence, guardian, insolvency process, loan covenants, tony lomas, vulture funds