The City of New York has proclaimed May 26, 2011 to be “Dow Jones Industrial Average Day” in recognition of the iconic index’s 115th anniversary. Founded on May 26, 1896 in New York City by Charles Dow, one of the founders of The Wall Street Journal, the Dow Jones Industrial Average has evolved from 12 stocks published for readers of […]

The UCITS HFS Index loses -0.14% in the third week of trading in April and is down -0.23% month to date (by business day 15, May 20th, 2011). Out of the eleven sub-strategies only four reported positive numbers, the biggest winners being Global Macro (+0.18%), Credit (+0.15%) and Fixed Income (+0.11%). These modest gains were not enough to counterbalance the […]

The U.S. Department of the Treasury issued the following statement from Secretary Tim Geithner following the resignation of Dominique Strauss-Kahn as Managing Director of the International Monetary Fund (IMF). “As Acting Managing Director, John Lipsky will provide able and experienced leadership to the Fund at this critical time for the global economy. We want to see an open process that […]

On April 1, 2011, the U.S. Securities and Exchange Commission (SEC) updated its response, “Staff Responses to Questions About the Custody Rule” (the “FAQ”), which provides responses to questions about the rule 206(4)-2 (the “Custody Rule”). Hedge fund law firm Rothstien Kass reported. One particular FAQ, VI.8B, provides guidance to investment advisers who manage pooled investment vehicles that invest in […]

– The UCITS Alternative Blue Chip Index is down -0.19% this week, due mainly to a negative performance of its commodities and CTA constituents following the sharp decline in energy prices. Those strategies account for more than a half of this week’s losses. – 52% of the funds in the index recorded a negative weekly performance. – On a month-to-date […]

The Grand Court of the Cayman Islands has ordered a free standing Mareva injunction, an order never before granted in the Cayman Islands. “This case follows a modernizing trend, which is to be greatly welcomed, and is a significant contribution to cross-border co-operation and protection,” said Ogier Cayman Partner and Head of Litigation, Chris Russell, who together with Rachael Reynolds, […]

More than 100 fund managers, all from the US and predominantly along the Northeast corridor, responded to the survey which measured fund activity, debt availability and portfolio fund performance, among other items. Forecast for First Half 2011: More Fund Activity and More Debt Financing Available; Limited Partner/General Partner Relationship Under Increased Scrutiny. The Pulse of Private Equity results show a […]

Dow Jones Indexes, a leading global index provider, announced The Global Dow, which measures the stock performance of 150 of the world’s leading companies, will become the underlying index for State Street Global Advisors’ SPDR® Global Dow ETF, effective May 2, 2011. The equally weighted 150 stocks in The Global Dow are selected by an Averages Committee comprised of the […]