... [more] Kirsten Bischoff, Opalesque New York: A roundup of the week’s hedge fund launches, closures, index performance, trends, regulatory, legal and financial events pertaining to the alternative investments industry.
With the end of summer holidays fast approaching the news of launches was scarce,
... [more] Opalesque Industry Update – Wall Street banking giant Goldman Sachs is reported to be planning to wind down its proprietary trading unit, Principal Strategies, to comply with the new Dodd-Frank Act that bans banks from making bets using their own money, various media reports said.
The story, w
... [more] • The funds of hedge funds industry lost a net $3.6 billion in assets during the first half of 2010, compared to $95 billion a year ago
• Firms with more than $1 billion in assets now manage a combined total of $595 billion
• $210 billion is in the hands of the 10 largest FOHFs managers
... [more] UK-based City Financial launches Asian fund of funds, to be advised by Clontarf Capital
City Financial, the UK asset management firm, has announced the launch of the City Financial Asian Absolute Growth Fund, its first foray into the Asian Fund of Funds market and its first fund primari
... [more] Bernheim Dreyfus, Lyford Group and QIM boast above-average returns in August
From Seekingalpha.com: August was a lost month for much of the hedge fund industry, but at least three firms didn’t wilt in the summer heat. Bernheim Dreyfus & Co., Lyford Group International and Quantitative In
... [more] HFRX Global Hedge Fund Index shows August gain of +0.17% (est.), (+0.18% YTD)
Global equity market declined in August as investors reduced exposure to risk in response to weakening economic data across both developed and emerging economies. Fixed income yields fell as global bond market
... [more] From PIonline.com: Michigan State Retirement Systems, East Lansing, will increase its hedge fund allocation to 6% from 2% and its real return/opportunistic allocation to 4% from 1%. The Michigan Department of Treasury, Bureau of Investments, which manages the $45 billion systems, will begin to incre
... [more] Stenham Asset Management, the multi-award winning asset management firm, has announced that it has substantially augmented its investment team with the acquisition of Montier Partners, a niche discretionary investment management provider. The deal was completed on 1 September 2010.
Dominique
... [more] Centaurus bets on possible boom in M&A
From Efinancialnews.com: When M&A bankers rushed back from their holidays this year to cope with $172bn of deals, they were not the only ones anticipating a busy autumn.
A certain class of hedge fund manager was looking forward to the last fo
... [more] Julius Baer: Private clients still moving out of hedge funds, PE
From Reuters.com: Swiss private bank Julius Baer said private banking clients were still moving money out of hedge funds and private equity even as institutional money returns to the sector.
"Clients were more interes
... [more] From the Opalesque Team:
Ed Robertiello announced that he has accepted a position with Russell Investments to head up the firm’s hedge fund investing business in New York.
In a statement e-mailed to Opalesque, Robertiello s
... [more] GLG adds to Mena coverage
From eFinancialnews.com: London-based GLG Partners has hired a portfolio manager to its key emerging markets funds, understood to be a marketing priority when the firm is bought by Man Group next month.
Mark Diab joined the fund manager’s emerging markets
... [more] GFIA pte ltd, the Singapore based specialist in skill-based managers in Asian and emerging markets, has released a study on the usefulness of some of the more commonly used risk metrics in the hedge fund industry. The study was conducted on a universe of 316 funds with at least 2 years of track reco
... [more] Hedge funds practiced illegal activities in the past twenty years
From Formula Capital's James Altucher, Businessinsider.com: Mostly now-illegal or dubious activities are how hedge funds have made almost all of their money in the past 20 years.
In the mid to late 90s - investing
... [more] Madoff investors win $12.74m in Merkin case
From Reuters.com: Investors in Gabriel Capital LP, a so-called feeder fund that funneled money to imprisoned swindler Bernard Madoff, were awarded $12.74 million by a panel of three arbitrators, court records show.
The award to two New Je
... [more] More than 400 US banks will fail: Bear Roubini
From CNBC.com: Even if the US and European economies manage to avoid a double dip, it will still feel like a recession, while more than half of the 800-plus US banks on the "critical list" are likely to go bust, according to renowned econom
... [more] Update: Diplomatic row looms as Russia investigates UK hedge fund Hermitage
From Independent.co.uk: Russian officers leading a discredited investigation into a British-based hedge fund have switched their inquiries to London, threatening to provoke a diplomatic row. The case has been bl
... [more] From Gulfnews.com: An Asian bond hedge fund set up by former Korea Investment Corp CIO Guan Ong has turned cautious following a prolonged rally in bond prices, switching from high-yield bonds to higher-quality paper amid an uncertain economic outlook.
"A lot of external funds, those based outs
... [more] Hedge funds take a punt on hurdles in AXA deal
From SMH.com.au: Hedge funds have flocked to the key companies involved in the proposed National Australia Bank and AXA Asia-Pacific merger, taking huge bets on the potential for the competition regulator to again take a hard line on one of
... [more] Westcore Capital Limited, one of the finest brokerage service firms in the industry, is set to launch managed futures products and services that will cater to global cash and derivative markets through the Alternative Investment Strategy Division.
This Alternative Investment Division provides
... [more] From AOLnews.com (Sept. 3) -- Men waste more than $3,000 in fuel costs because they refuse to ask for directions when lost, according to a British study released as motorists across the U.S. prepare to load up their cars for the long Labor Day weekend.
The research, commissioned by British in
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Jean-Paul Messerli
