HedgeCo.net (West Palm Beach) – Golden Hedge Umbrella Sicav has launched a multi-strategy hedge fund and is currently looking for seed investors.

The Golden Hedge Multi-Strategy Fund, Malta domiciled, is the first subfund of the umbrella structure, run by Andreas Koettner and Dr. Bernhard Goetsch, the new hedge find specializes in relative value commodity trading and stock index arbitrage strategies.

Targeting an annualized return of 15% with volatility at 8%.The quantitative strategies are designed to generate returns with low correlation to traditional CTA and hedge fund styles. Inception of trading was in May 2009.

Minimum investment starts at EUR100,000 ($142,000) with monthly liquidity. The auditor is Ernst & Young, prime broker MF Global and fund administrator Valletta Fund Services.

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Tags: accredited-investors, annualized-return, arbitrage strategies, commodity trading, cta, fund administrator, hedge fund, hedge funds, index arbitrage, mf global, minimum-investment, palm-beach, prime broker, relative-value, sicav, stock index, strategy-fund, umbrella structure, valletta, west palm beach

Bloomberg – Brazilian hedge funds that survived the Bovespa stock index’s record tumble last year by loading up on debt are missing out on a 2009 rally.

All four classes of Brazilian hedge funds, known as multimercados, had a weighted return of less than 5 percent through April 28, according to the National Association of Investment Banks, or Anbid. The Bovespa rose 22 percent in the year through April 28 and 35 percent through today.

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Tags: bovespa, investment-banks, rally, stock index

Reuters – World stocks steadied on Friday but were still on track for a sixth consecutive week of gains, while the euro fell on worries about the region’s prospects.

MSCI‘s main world stock index was flat despite modest gains in Europe and a rebound in Japan. But the index was up 1.6 percent on the week, gaining around 28 percent since a March 9 low.

U.S. financial services firm State Street said evidence was building that big investors were buying into the rally, particularly in U.S. and emerging market stocks.

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Tags: emerging market stocks, europe, financial services firm, investors, japan, prospects, rally, rebound, reuters world, stock index, world stocks, world-stock, worries