New York (HedgeCo.Net) - The British Financial Services Authority has imposed a fine on Steven Harrison for about $93,000 after accusing him of market abuse.  Harrison will not be allowed to work as a trader for the next 12 months.
According to the allegations made by the FSA, Harrison told a co-worker at the Moore Credit […]

West Palm Beach (HedgeCo.net) - TriAlpha recently a launched property hedge fund of hedge funds, the TriAlpha Global Property Strategy Fund in June this year.
The fund seeks absolute returns by focusing on hedge fund managers that specialise in the global property sector. In its first month the fund outperformed the FTSE EPRA Global Index […]

Bloomberg - Credit Suisse Group AG, Switzerland’s second-biggest bank, bought New York-based Asset Management Finance Corp. for $384 million to provide financing to investment firms.
Credit Suisse paid stock for more than 80 percent of the firm, founded by former Putnam Investments chief Norton Reamer in 2003, from a unit of National Bank of Canada. Reamer, […]

Reuters - The Federal Reserve acted on rumors last month and called Credit Suisse Group to see if it had pulled a credit line from Lehman Brothers Holdings Inc, The Wall Street Journal said citing people familiar with the matter.
Credit Suisse told Federal Reserve officials that there was no truth to the rumor and […]

Hedge Funds Review Magazine - Hedge funds generally are more correlated in bull market runs and more de-correlation at market downturns. A comparison of the Credit Suisse/Tremont Broad Benchmark Index (HEDG), an asset-weighted broad benchmark of the hedge fund industry, to the MSCI World Index, a broad equity index, shows that the 12-month rolling correlation […]

West Palm Beach (HedgeCo.net) -  Hedge funds generally are more correlated in bull market runs and more de-correlation at market downturns.
A comparison of the Credit Suisse/Tremont Broad Benchmark Index (HEDG), an asset-weighted broad benchmark of the hedge fund industry, to the MSCI World Index, a broad equity index, shows that the 12-month rolling correlation […]

Financial Times- Coal prices have doubled over the past year to record levels and could spike even higher as a power crisis in China combines with supply problems in leading exporting countries to tighten the market further.
The surge in prices coincides with fresh interest from hedge funds and other investors looking to gain exposure to […]

West Palm Beach (HedgeCo.net)- BNP Paribas has appointed Thomas Mahala and Jason Miller to its global hedge fund relationship management team (HFRM). BNP Paribas now has over a dozen relationship management professionals located in […]

West Palm Beach (HedgeCo.net)- Recent news from Reuters shows that there is a booming interest in foreign exchange markets. According to the article, FX traders are seeing an increasing demand from institutional players, pension funds, and corporations. However, searching the internet will reveal few true FX hedge funds.
Tri Global FX, a New York based FX […]

 Money Management- Despite tightening credit conditions, hedge funds are continuing to gain favour, with the latest Credit Suisse/Tremont Hedge Fund Index up 2 per cent in May.
The president of Credit Suisse Index Company, Oliver Schupp, said the index had been up in circumstances where hedge funds had continued to generate positive performance across strategies.
“We estimate […]

Wealth Bulletin- Odey Asset Management has created a fund of hedge funds subsidiary to broaden its offering to wealthy investors.
It has hired two people from Credit Suisse to run the business from Guernsey. The business marks a new direction for the hedge fund manager. Last week, Financial News reported the firm will close its $39m […]

HedgeWeek - TriAlpha, the asset management arm of the Stonehage Group, an international wealth management group, has launched the TriAlpha Global Property Strategy Fund, a fund of property hedge funds.
The fund seeks absolute returns by focusing on hedge fund managers that specialise in the global property sector. The portfolio will include property hedge funds from […]