Category Archives: Press Releases
Hedge Funds Advance with Equity Markets
Hennessee Group LLC announced today that the Hennessee Hedge Fund Index advanced +1.79% in May (+7.00% YTD), while the S&P 500 advanced +2.08% (+14.34% YTD), the Dow Jones Industrial Average increased +1.86% (+15.35% YTD), and the NASDAQ Composite Index climbed […]
Milestone Achieved with 100 Percent Distribution to Customers in Lehman Bankruptcy
James W. Giddens, Trustee for the liquidation of Lehman Brothers Inc. (LBI) under the Securities Investor Protection Act (SIPA), announced that additional distributions to former securities customers began today and will continue until all securities customer claims are 100 percent […]
Taxpayers To Receive $1.03 Billion From Sale Of GM Common Stock
The U.S. Department of the Treasury today announced that it has agreed to sell 30 million shares of General Motors Company (GM) common stock at $34.41 per share in an underwritten public offering in conjunction with GM’s inclusion in the […]
2n20.com Launches Negotiato.rs Service to Optimise Service Provider Relationships for Asset Managers
2n20.com created a new price comparison and negotiation service for institutional asset managers, helping them to optimise their service provider setup and drive down operational costs. Over the last year a proprietary database was built, screening the market not only […]
May 2013: Hedge funds gained $100 billion in four months, highest level since 2008
Hedge funds posted positive returns in April continuing their consecutive sixth month streak. The Eurekahedge Hedge Fund Index was up 0.87% during the month as most markets trended upwards. The MSCI World Index gained 2.02% in April. Highlights from this […]
Beyond 60/40: The evolving role of hedge funds in institutional investor portfolios
The AIMA Investor Steering Committee (ISC), a committee of institutional investors that undertakes educational initiatives and provides practical guidance within AIMA, the global hedge fund industry association, has published a new paper on the evolving role of hedge funds in […]
BlackRock and NACD Name Winner of Global Challenge for Innovation in Corporate Governance
BlackRock and the NationalAssociation of Corporate Directors (NACD) are pleased to announce the winners of the Global Challenge for Innovation in Corporate Governance: Yu Zhang, assistant professor of strategy at The Paul Merage School of Business at the University of […]
Hedge fund Golden Tree Asset Management Expands With Paladyne Data Management Warehouse
Paladyne Systems, Inc., a Broadridge Financial Solutions, company and leading provider of next generation investment management solutions, today announced that it has expanded its partnership with long-term client GoldenTree Asset Management, with the firm implementing new products as its data […]
CEO Eric F. Billings Launches Billings Capital Management
Billings Capital Management, the investment manager founded by Friedman Billings Ramsey (FBR) co-founder, former Chairman and CEO Eric F. Billings, today announced a strategic business development relationship with MCAM Group dedicated towards Europe and Asia. Lars Bjoergerd, Managing Director, MCAM […]
The Dow Jones Credit Suisse Hedge Fund Index Finished Up 1.39% in April
The Dow Jones Credit Suisse Hedge Fund Index (the “Broad Index”) finished up 1.39% for the month of April. Performance for the Broad Index and its 10 sub-strategies is calculated monthly. March, April and YTD 2013 performance numbers are listed […]
New Listing Provides Chinese Investors Access to U.S. Securities for First Time
The NASDAQ OMX Group, Inc. today announced that China’s first cross-border exchange-traded fund (ETF), based on the NASDAQ-100 Index(R), has begun trading on the Shanghai Stock Exchange. The Guotai NASDAQ-100 Exchange-Traded Fund (Symbol: 513100), sponsored by Guotai Asset Management, was […]
IFMI Announces $13.7 Million Strategic Investment
Institutional Financial Markets, Inc. (NYSE MKT:IFMI) (“IFMI”), a financial services firm specializing in credit-related fixed income investments, today announced that it has entered into definitive agreements with Mead Park Capital Partners LLC (“Mead Park Capital”) and Cohen Bros. Financial, LLC […]
