Monthly Archives: July 2013
Largest building in the world opens in China – complete with indoor seaside
Guardian – Beneath smoggy clouds in the Chinese mega-city of Chengdu, waves lap against sandy shores and a salty breeze blows across the beach. 6,000 holidaymakers look out on a glowing sunset, dining on platters of “the rarest oceanic fish […]
Distressed hedge funds on course for bumper year
Forbes – China-focused hedge funds continue to bring in strong performance as investor assets finally start a positive flow. LatAm-focused funds’ performance, however, disappoints as assets under management rise China-focused funds continue to be the best performing of any targeted […]
BlueCrest’s BlueTrend hedge fund slumps 16.9 percent
Reuters – BlueCrest Capital Management’s BlueTrend fund, one of the world’s biggest computer-driven hedge funds, has suffered one of its worst ever peak-to-trough losses over the past six weeks. A listed feeder fund that channels capital into the $16 billion […]
Melanion Capital launches first hedge fund focused on dividend futures
Opalesque – Melanion Capital, Paris has received authorization from the French Autorité des Marchés Financiers to become the first alternative manager to specialize in investment in dividend futures. Led by Jad Comair, founder and CIO, the Melanion team traces its track record […]
Hedge Funds Post June Decline as Bernanke Roils Markets
Bloomberg – Hedge funds posted their biggest monthly loss in more than a year after signs that the U.S. Federal Reserve may scale back its unprecedented stimulus triggered a selloff across global markets. Hedge funds lost 1.4 percent in June, […]
Are Hedge Funds Worth The Money? Depends On Who You Ask
Forbes – It was bound to happen sooner or later. The June 1-2 weekend Wall Street Journalran an opinion piece proclaiming that no one can say “the basic logic of investing in hedge funds is flawed.”[1] The very same edition carried this headline: […]
Expected Rotation Out of Bonds Rattles Hedge Funds
CNBC – A mass investor rotation out of bonds, expected earlier this year, has finally materialized—to the dismay of some hedge funds that say they now need bigger cash stashes and an increased appetite for risk in order to trade […]
Mistrial declared in U.S. case against London fund manager
Reuters – A U.S. jury failed to reach a verdict on whether a London-based portfolio manager was criminally responsible for participating in an alleged scheme to overvalue his hedge fund’s assets by $80 million, resulting in a mistrial. U.S. District […]
European firms ‘could quit US internet providers over NSA scandal’
Guardian – European businesses are likely to abandon the services of American internet providers because of the National Security Agency surveillance scandal, the European commission has warned. Neelie Kroes, the commission vice-president who speaks on digital affairs, predicted that providers […]