Reuters – Global market regulators published new rules on Monday spelling out how small investors putting money into funds of hedge funds should be protected.

The International Organisation of Securities Commissions (IOSCO) published its final set of standards on best practice for funds of hedge funds investing.

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Tags: funds of hedge funds, global market

West Palm Beach (HedgeCo.net) – Convertible Arbitrage: Shifting Gears (more found here at HedgeCo/blogs) discusses the strategy’s ability to generate positive returns both during the declines in equity markets in January and February, as well as during the global market rallies in March and April.

Convertible Arbitrage went from being one of the worst-performing strategies in the Credit Suisse/Tremont Hedge Fund Index (“Broad Index”) in 2008, to one of the best-performing strategies in the first quarter of this year. Many believe that the fundamental and technical reasons for convertibles’ devaluation in 2008 may correct as credit markets begin to stabilize and if deleveraging continues to abate.

Convertible Arbitrage: Shifting Gears – Review & Summary

Tags: amp, blogs, convertible arbitrage, convertibles, credit markets, credit-suisse, declines, devaluation, first quarter, gears, global market, hedge-fund-index, hedgeco, market rallies, palm-beach, shifting gears, tremont-hedge-fund-index, west palm beach

Bloomberg - Sparx Group Co., Asia’s biggest hedge-fund manager, will likely miss its asset management target of 5 trillion yen ($57 billion) by March 2011 because of redemptions and losses amid the global market rout.

The firm has cut costs to counter the biggest market losses since the Great Depression, an effort that hasn’t prevented its total assets under management shrinking to 753 billion yen as of Dec. 31 on a preliminary basis, or about a third of the peak of 2 trillion yen in August 2006.

“Realistically, it’s going to be extremely tough” to meet the target, Shuhei Abe, the chief executive officer of the Tokyo- based firm, said in an interview on Jan. 23. “There is still room to cut more costs, while we also have to prepare for other unexpected events going forward.”

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Tags: abe, asset-management, assets-under-management, bloomberg, chief executive officer, global market, great depression, hasn, hedge-fund-manager, management target, market-losses, redemptions, rout, sparx, tokyo, trillion, unexpected events, yen