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Hewlett Foundation to boost hedge funds
From InstitutionalInvestor.com: Despite its belief that strong hedge fund returns will become increasingly harder to come by, the $6.5 billion William and Flora Hewlett Foundation plans to increase its exposure to hedge funds. "I do think there is a wall of money coming into hedge funds and I think many people are going to be disappointed by the results," said Laurance Hoagland Jr., cio. "Nonetheless, the absolute return sector of the hedge fund business [is] still attractive on a risk/return basis...Full article: {literal}Source{/literal}
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Funds deny `Santa effect` (window dressing) is a fiddle
From the Telegraph: Hedge funds have been accused of manipulating their December returns to enable managers to pocket huge incentive fees. A report by Britain's foremost hedge fund academic says in the final month of the year the secretive funds earn more than 2½ times their average monthly return during the first 11 months. Narayan Naik, director of the London Business School's Hedge Fund Centre, said in a paper called "Why is Santa So Kind to Hedge Funds?" that the "December bonanza" could be explained by managers massaging returns to hype their incentive fees.

...Gavin Rankin, a director of investment strategy at Citigroup, the world's biggest bank, also challenged the claims. He said "A major factor why hedge funds perform strongly in Dec-ember is the overwhelmingly positive performance of the equity market during that month." The full report is expected to be published in January. Source

Download the paper “Why is Santa So Kind to Hedge Funds?" here: {literal}Source{/literal}

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Parker FX Index up 2.46% in November, Top Performer up 14.82%
Currency markets in November were highlighted by a strengthening dollar, while the yen and EUR experienced some weakening. On the first of November the FOMC raised interest rates another 25 basis points to 4.00%. The USD remained strong for the remainder of the month as economic data for the United States remained resilient and speculation arose over USD buying as a result of the Homeland Investment Act.

The yen weakened during November due to an increased belief in uninterrupted loose monetary policy by the Bank of Japan well into 2006. Although stock markets in Japan remained strong, Japanese investors became very confident as a result and their tendency for risk aversion seemed to dissipate. Consequently, investment outflows to foreign investments offset the inflows into the Japanese markets by foreign investors. In Europe, a hawkish statement by President Trichet of the ECB regarding a rate hike at December s meeting, a date earlier than expected, gave support to the EUR. However, this support was short lived as it became apparent this could only be a one-time hike.

The Parker FX Index is reporting its monthly return up 2.46% for the month of November, bringing the YTD performance of the index to 1.22%. The Parker FX Index has now finished in positive territory for six of the past seven months. Sixty programs in the index reported November results of which fifty reported positive results and ten incurred losses. On a risk-adjusted basis, the index is up 0.80% in November. The median return for the month is 2.71%, while the performance range for November is between a high of 14.82% and a low of -3.27%.

The top three performing funds for the month of November, on a reported basis, were: the John W. Henry Dollar Program (+14.82%), Appleton 25% Risk Program (+9.12%), and the John W. Henry G7 Currency Parker FX Index Program (+8.18%). The top three performers in November, on a risk-adjusted basis, were: the Stonebrook FX Program (+2.85%), John W Henry Dollar Program (+2.40%), and Pareto Currency Absolute Return Fund (+2.19%). Some notable strong performers for the month, on a reported basis, were the John W. Henry Currency Strategic Asset Allocation Program (+7.65%), Alder Capital Global 20 (+6.60%), and Morgan Stanley Dean Witter World Currency Fund (+6.42%).

Full press release with performance tables: {literal}Source{/literal}

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Hedge fund investors plan to go with stock, macro funds in 2006
From Bloomberg.com: Hedge fund investors, frustrated by the lowest returns in three years, say they are giving more money to managers who bet on stocks and macroeconomic trends because they expect them to post the biggest gains in 2006. “Global macro will produce the highest returns, followed by equity hedge funds,” said Luis Rodriguez, head of risk management at New York-based Manhattan Family Office (article cites more investors, researchers). Full article: {literal}Source{/literal}
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Ed Lampert and former KPMG tax partner Douglas Ammerman still enmeshed in bogus KMPG tax shelters
From the WSJ: Should people entangled in the government's investigation of KPMG LLP's tax shelters serve on the boards of public companies audited by the accounting firm? That's a question that arises from the involvement of two people in the KPMG saga, one a bit and perhaps unwitting player, the other a more central figure.

The bit player is Edward Lampert, a prominent hedge-fund manager who bought a KPMG tax shelter that federal prosecutors say was used to declare a bogus $52 million loss on his 1999 income-tax return….KPMG previously has admitted that it sold fraudulent tax shelters to hundreds of wealthy Americans from 1996 to 2002.…Full article (WSJ subscription required): {literal}Source{/literal}

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Oil analysts, wrong since 2001, end forecasts of price drop
From Bloomberg.com: Wall Street oil analysts have given up calling for lower prices after missing the rallies of the past four years. New York oil futures will average $60 a barrel in the first quarter of 2006, about $2 more than today, according to the median forecast of 25 analysts surveyed by Bloomberg. Prices will average $58 in all of 2006, the survey shows.

“Next year, we are going to see the continuation of a very tight market, vulnerable to supply shocks and disruption,” said Kevin Norrish, a director of commodities research for Barclays Capital in London. Norrish and colleague Paul Horsnell had the highest and most accurate forecast for prices last year. Full article: {literal}Source{/literal}

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Yield curve inverts for first time in five years
From MarketWatch.com: Treasurys were higher Tuesday after the spread between the 2-year note and the 10-year note inverted for the first time in five years. An inverted yield curve occurs when short-term maturities pay a higher interest rate than longer-term maturities. Such an unusual event typically has foreshadowed a noticeable economic downturn. Usually, a recession has followed.

(Opalesque note: With an inverted yield curve, banks, hedge funds and other institutions can no longer make money by borrowing short-term money and lending it at longer terms.)
Despite the warning signs in the Treasury market, however, few economists expect a recession in the next year. This time, they say, things are different...Full article: {literal}Source{/literal}

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South African hedge funds doing fine
South African hedge funds held their ground as an attractive asset class by serving up mostly double-digit returns in 2005. Of the 24 funds polled by the Nedgroup Hedge Fund Review that reported returns for the year to November 30, 11 reported returns of more than 20% for the period, once fees were taken into account. There were eight funds that delivered less than 10%; only one lost money. {literal}Source{/literal}
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Finnish asset manager Seligson & Co closed down hedge fund due to lack of resources, regulator refused to merge fund
From HedgeNordic.com: The Finnish asset manager Seligson & Co has closed down its hedge fund Phalanx effective on January 1 2006. The reason for the closure is lacking management resources. The Finnish asset management company Seligson & Co has decided at a board meeting on December 16 to close down its hedge fund Phalanx effective on January 1 2006. This is according to an announcement on the company’s web site.

The reason for the closure is that after the fund manager of Phalanx resigned from the company, the company could not find a suitable replacement within the allotted time frame. Since Seligson does not have any other funds with similar placement policies as Phalanx, the Finnish FSA refused to give permission for the fund to merge with another of Seligson’s funds. Full article: {literal}Source{/literal}

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European companies raise highest amount since 2000
From Reuters.com: European companies raised $213 billion in equity and equity linked markets this year, the highest tally since the technology boom of 2000, with bankers and investors cautiously hopeful of similar levels next year. Emerging markets, private equity funds and companies needing to finance mergers and acquisitions were the primary drivers behind the 14 percent increase over 2004, figures from financial data provider Dealogic showed. Full article. {literal}Source{/literal}
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Indian equity up 37% in 2005: End of bull run or long-term bet?
From Business-standard.com: Stocks have gained 37% in 2005 - third best in 15 years. Will 2006 be another euphoric year for the markets? The consensus among stock market experts is that, while there is reason to be cautious in the short-run, medium-term prospects remain attractive. But they also say that more important than the question of where stock prices are headed in the short-run is the qualitative change that has taken place in the market compared with the situation a year ago. Full article: {literal}Source{/literal}
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Seoul restricts real-time currency trading data to banks only
From Koreaherald.co.kr: To insulate the local currency market from speculative trading, Korea will restrict access to real time currency trading data beginning February, the Bank of Korea said yesterday. The won's real-time match price and inter-bank bid and offer prices versus the dollar will be open only to banks, which will then provide offshore and corporate customers with reference rates, the central bank said.

The measures were prepared by the Seoul Foreign Exchange Market Committee, comprising the Finance Ministry, the central bank, brokerage service companies and registered member banks. The highlight of the revamped trading system is the separation of the inter-bank trading market from transactions for other market participants such as corporations, hedge funds and individual customers, the BOK said. {literal}Source{/literal}

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Tokyo bourse may tighten margin trading rules
From Reuters.com: The Tokyo Stock Exchange said on Tuesday it had sounded out brokerage firms on whether their systems could cope with tighter margin trading rules, a step analysts said could depress trading by retail investors. The exchange's statement suggests the bourse may scrap the special measures it implemented after the bursting of Japan's asset bubble in the late 1980s and tighten margin trading rules in place since 1990. {literal}Source{/literal}
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Japan FSA orders Goldman Sachs unit to improve operations
The Japanese Financial Services Agency said Tuesday it has ordered Goldman Sachs Asset Management Co. to improve its operations in light of alleged violation of laws governing customers' asset management and investment trust business. {literal}Source{/literal}
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News Briefs: Citadel said to recoup hurricane losses, GLG has best year in spite of inquiry, only one fund down, US Venture Capital looks lo London`s AIM market to float firms without SarbOx hassle, Icahn may boost his bid for Fairmont Hotels & Resorts, NASD collects record $125 million in fines, up 21%, Gates buys 50 more shares of buddy Warren`s Berkshire, NASD collects record $125 million in fines, up 21%, Amber Capital signs Gravitas Technology for inhouse and outsourced technology and disaster recovery, Gibraltar, UK, agree investment services passporting, Italian bourse says it must find partner
Citadel said to recoup hurricane losses
Citadel Investment Group, the Chicago hedge fund, has pared losses north of $250 million on its energy trading desk on bets made on gas and electricity prices this summer. (InstitutionalInvestor.com)

GLG has best year in spite of inquiry, only one fund down
Despite being caught up in an ongoing investigation by the Financial Services Authority into a trade made by its convertible-arbitrage specialist, Philippe Jabre, London-based hedge fund GLG has posted its strongest performance yet. Its European Long-Short fund has returned 25 percent, while its North American Opportunity fund was up 16.9 percent and its Emerging Markets fund returned 29.5 percent. GLG had 11.2 billion pounds of funds under management at the end of 2004. (Reuters/FT.com, subscription required)

US Venture Capital looks lo London`s AIM market to float firms without SarbOx hassle
A handful of U.S. venture capital firms may take portfolio companies public on the London Stock Exchange's Alternative Investment Market, the small-cap exchange, to avoid Sarbanes-Oxley and other regulatory hassles. (InstitutionalInvestor.com)

Icahn may boost his bid for Fairmont Hotels & Resorts
Billionaire investor Carl Icahn may increase his bid for luxury hotel operator Fairmont Hotels & Resorts Inc. and make an offer for the entire company. Icahn said a higher bid is contingent on examining Fairmont's finances, according to a U.S. Securities and Exchange Commission filing today. Icahn has made a $1.19 billion, or $40 a share, offer for about 41 percent of the Toronto-based company. Icahn said he continues to believe Fairmont shares are undervalued and that he may make a ``substantially'' higher offer with access to the company's financials. (Bloomberg)

NASD collects record $125 million in fines, up 21%
The NASD Tuesday said it collected a record $125.4 million of disciplinary fines this year, 21 percent more than in 2004, for violations including abuses in sales of mutual funds and variable annuities. The Washington, D.C.-based regulator also said it filed 1,412 enforcement actions in 2005, up 1 percent, and barred or suspended 737 people from the securities industry, down 12 percent. It closed 9,150 arbitration cases and 1,700 mediation cases. (msnbc.msn.com)

Gates buys 50 more shares of buddy Warren`s Berkshire
Microsoft Corp. (MSFT) Chairman Bill Gates reported Tuesday spending more than $4 million to buy 50 Class A shares of Berkshire Hathaway Inc., Warren Buffett's investment company. Gates, who is a Berkshire director, bought the shares Thursday at prices between $88,600 and $89,100 each, according to a document filed with the Securities and Exchange Commission. (news.morningstar.com)

Amber Capital signs Gravitas Technology for inhouse and outsourced technology and disaster recovery
Gravitas Technology, Inc., a leading IT services firm specializing in the alternative investment community (hedge funds & private equity funds), today announced the signing of IT services for Amber Capital, the investment advisory company responsible for managing the $1.5 Billion Amber Fund. Gravitas Technology has been providing a broad range of integrated IT services to start-ups and established U.S. financial services firms since 1996. (www.gravitastechnology.com)

Gibraltar, UK, agree investment services passporting
The Gibraltar Government and the UK Government have concluded agreements relating to the passporting of Investment Services and to exchange of information under the EU's Savings Tax Directive. The first agreement extends some key EU Directives to Gibraltar, and also enables investment services firms established in Gibraltar to passport (that is to market and sell) their products and services into the UK market. The investment services passporting agreement is expected to come into effect by March 2006 when Gibraltar has passed some necessary legislation. (InvestorsOffshore.com)

Italian bourse says it must find partner
Italy's stock market must find an international partner and would consider teaming up with European rivals as a wave of consolidation sweeps the sector, the chief executive of the Milan bourse said in an interview published on Tuesday. (Reuters/Asia.news.yahoo.com) No online Source

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...And finally: What`s that fifty people line over there? French ATM gets in Christmas spirit, creating `euphoria` in town
From AFP/News.yahoo.com: An unexpectedly generous ATM in northern France that spat out 50-euro notes instead of 20s caused a pre-Christmas rush by customers this week -- though their glee was quickly cut short by the bank, which proved itself more Scrooge than Santa.

The Caisse d'Epargne in the town of Carvin said it sent letters Thursday to the dozens of people who withdrew money from the machine over the two-hour period Tuesday when it malfunctioned, asking for the difference to be reimbursed. "With bank cards, we have the ability to track all of the clients by computer," bank spokesman Gonzague Mannessiez told AFP.

The error was caused by a stack of 50-euro notes being placed in the slot meant for 20-euro notes when the machine was filled, the bank said. The owner of a bar close to the ATM said the mistake caused "euphoria" in the town, with 50 people immediately lining up to take advantage after one customer discovered the largesse, and more rushing in. {literal}Source{/literal}

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Last minute news: Swiss exempt Bermuda-domiciled hedge funds from interest income taxation under the European Union Savings Directive, Bermudian Assembly approves tax information exchange law
Swiss exempt Bermuda-domiciled hedge funds from interest income taxation under the European Union Savings Directive
From HedgeWorld.com: The Bermuda ministry of finance and the tax authorities of Switzerland have agreed on the exemption of Bermuda-domiciled hedge funds from interest income taxation under the European Union Savings Directive. The Bermuda minister of finance, Paula A. Cox, announced the agreement Friday [Dec. 23]. Source

Bermudian Assembly approves tax information exchange law
From Tax-News.com: Bermuda's House of Assembly has voted to approve new legislation facilitating the exchange of tax information with other nations in a bid to cooperate in the stamping out of international tax evasion. The International Cooperation (Tax Information Exchange Agreements) Act 2005, introduced into the Assembly by Finance Minister Paula Cox last week, is umbrella legislation that will give effect to Tax Information Exchange Agreements with countries in the OECD and the European Union.

The bill, which was passed in committee and sent to the Senate, comes hot on the heels of Bermuda's sealing of a TIEA with Australia, which was signed by Ms Cox and Australian Treasurer Peter Costello in Washington, DC in November. The agreement marks the first treaty that Bermuda has entered into following a commitment to ban harmful tax practices five years ago. Bermuda's first TIEA was signed with the United States in 1988. Full article: {literal}Source{/literal}

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Save 10%: GAIM USA 2006, 23-25 January Boca Raton
The Largest Gathering of Hedge Funds & Their Investors in the US
Boca Raton Resort and Club * Boca Raton, FL

Only at GAIM USA 2006:

  • A speaker faculty and attendee list comprising a “who’s who” of hedge fund investment – an unrivalled forum for discovering critical information on the industry and its investment opportunities in 2006
  • Ideal networking opportunities in the exclusive and comfortable surroundings of the Boca Raton Resort & Club
  • The seniority and level of expertise of the GAIM USA speaker faculty surpasses that of any other alternative industry event in the USA
  • NEW FOR 2006 - The latest trends in alpha generating opportunities for stable, steady uncorrelated cash flows, including:
    • Advanced credit strategies
    • Natural resources & commodity investing
    • Insurance based strategies
For more information, visit: www.gaimusa.com
Please mention priority code XUAMB and save 10%

Chartered Alternative Investment Analyst Exams: 92% success with EDHEC
Heightened competition and increased scrutiny by both investors and regulators make it imperative that alternative investment specialists have a way to differentiate themselves...

The CAIA designation is the global professional standard for the AI industry which institutions, investors and regulators recognise and welcome. Candidates for the designation come from over 45 countries and 700 institutions and include hedge fund managers, hedge fund analysts, investment advisors and consultants, lawyers, accountants and auditors, marketing and customer relations managers, as well as top executives.

The SEC has recently integrated the CAIA programme into its internal hedge fund training system. Embark on the CAIA certification programme now and:

  • Enjoy the benefits of an independent certification of your skills
  • Guarantee a high level of competence to your customers
  • Demonstrate your dedication to the industry and your commitment to high professional standards
  • Set yourself apart from your competitors
  • Develop an eagle's-eye view of the industry
  • Upgrade your knowledge base with the latest advances of applied research
  • Learn more about the industry's best practices in your field
  • Benefit from a sounder understanding of the various alternative segments
Registration for the February 2006 CAIA exams closes on December 15. As the CAIA Association exclusive course provider for Europe, EDHEC Alternative Investment Education is holding review seminars in London, Geneva and Paris. 92% pass rate amongst the candidates who took the CAIA exams after our last round of review courses.

Book a course online store.edhec-risk.com , or contact Mélanie Ruiz at AIeducation@edhec.edu or on: +33 493-187-819.

8th Annual Alternative Investment Roundup Jan. 29 – Feb. 1 Scottsdale, AZ
Opalesque readers save $200 with priority code DEX006217, special hedge fund manager rate available
The Fairmont Scottsdale Princess Resort – Scottsdale Arizona

Strategic Research Institute pioneered the concept of concurrent alternative investment conferences at the same location covering the most important alternative asset classes – Hedge Funds, Private Equity, & Institutional Real Estate. With the convergence between these asset classes, the value of interacting with all three groups has become vital. More than 650+ industry leaders attended last year's event, including 300+ hedge fund managers, buyout funds, venture capitalists, pension plans and endowments & foundations.

Over four days there will be 40+ industry focused sessions with 100+ speakers covering the current state of the industry, alpha generating alternative investment strategies, alternatives within alternatives, deal making and expected opportunities, and much more.

Special keynotes from:

  • 44th Vice President Dan Quayle, Chairman, CERBERUS GLOBAL INVESTMENTS
  • William Dudley, Chief U.S. Economist, GOLDMAN SACHS

Featured speakers include:

  • Alan J. Andreini, Managing Director, MONEY MANAGEMENT GROUP, INC. Ronald Liesching, Chief Investment Officer, PARETO PARTNERS
  • David Foley, Senior Managing Director, THE BLACKSTONE GROUP
  • Marv Damsma, Director of Trust Investments, BRITISH PETROLEUM
  • Christopher Behrens, Managing Director, JPMORGAN PARTNERS
  • Bob Boldt, CFA, President, Chief Executive Officer & Chief Investment Officer, UTIMCO
  • Jon Moulton, Managing Partner, ALCHEMY PARTNERS
  • Howard Fields, Head of Real Estate Fund Group, ALLSTATE
  • Hunt Taylor, Director of Investments, STERN INVESTMENT HOLDINGS
  • Ron Sturzenegger, Managing Director, Group Head Of Real Estate, BANC OF AMERICA SECURITIES LLC
  • John Keane, Executive Director, JACKSONVILLE POLICE AND FIRE PENSION FUND
Special hedge fund manager rate available too! (subject to approval)
Complimentary attendance for qualified plan sponsors (subject to approval)
For more information visit www.srinstitute.com/AIR

Please mention priority code DEX006217 and save $200 off the standard rate.

Save 15%: MARHedge 11th Annual European Conference on Alternative Investments 6-8 Feb Geneva
Hotel President Wilson
15% discount for Opalesque readers with promotion code "Opalesque"

The MARHedge 11th Annual European Conference on Alternative Investments, February 6-8 in Geneva, Switzerland, will gather leading hedge fund and fund-of-funds managers, private banks, high-net-worth brokerage units, and institutional and high-net-worth investors from all over the world to delve deeply into the next generation of alternative investments. Through keynote speeches, as well as general and targeted breakout sessions, investors and those who control the most lucrative distribution channels will reveal what they are looking for from managers and how regional differences affect investment needs. Managers will also detail the challenges of executing strategies in emerging markets and unique investment styles in more established arenas - all against a backdrop of increasing competition, tighter regulatory scrutiny and market reforms that are opening up new avenues for investment.

During the event, attendees will also enjoy ample opportunity to network with managers, investors and service providers alike - be it skiing at world-famous Chamonix, cocktail parties at the Hotel President Wilson or dining throughout beautiful Geneva. After three days at MARHedge's 11th Annual European Conference on Alternative Investments, attendees will not only have a firm understanding of what's needed to succeed in today's market, but more importantly, a clear idea of what's next. Register today at marhedge.com/conferences/geneva2006/agenda.asp

Wine Investment Seminar 7. Feb 2006 London
A one day seminar designed to keep fund managers and wine professionals up-to-date with the latest developments in the fine wine market. Leading experts will look rationally at the opportunities available for investment and present a range of strategies that may be applied to this market.

Speakers include:
Serena Sutcliffe - Head of International Wine Department, Sotheby's
Gary Boom - Director & Fund Manager, The Vintage Wine Fund
Adam Brett-Smith - Managing Director, Corney & Barrow
Richard Harvey - Senior Wine Consultant, Bonhams
Christopher Burr - Chairman, Uvine
James Miles - Managing Director, Liv-ex

Please visit www.wineinvest2006.co.uk for further information.

The Technical Analyst European Conference 8 – 9 Feb. London
A two day event featuring the world's leading experts in technical analysis and trading techniques. Comprising both conference sessions and exhibition areas, this is Europe's premier event for traders and investment managers.

Highlights include:

  • Key speaker presentations
  • Round table discussions
  • Product demonstrations
  • Exhibition areas
  • Evening workshops
  • Sponsored talks
Key speakers include:
John Bollinger - Bollinger Capital Management
Jeff Hochman - Director, Technical Strategy, Fidelity Investments
Tim Hayes - Chief Investment Strategist, Ned Davis Research
Robin Griffiths - Head of Asset Allocation, Rathbones
Jessica James - FX Risk Advisory Group, Citigroup
Jeffrey Kennedy - Elliott Wave International
Heinrich Weber - Executive Director, UBS Wealth Management

Christopher Neely - Research Officer, St. Louis Federal Reserve Trevor Neil - T-Capital (former head of technical analysis at Bloomberg)
James Montier - Global Equity Strategist, Dresdner Kleinwort Wasserstein

Please visit www.ta-conferences.com for further information.

Edhec Hedge Fund Days 14-16 Feb. London
The Brewery, Chiswell Street, London, EC1Y 4SD, U.K.

As the only business conference in Europe that is organised by an academic research centre for the benefit of professionals, the Edhec Hedge Fund Days will allow for constructive interaction and informative exchanges between hedge fund industry professionals and leading academic researchers on alternative investments.

The conference will feature presentations on all of Edhec’s most recent research, including: The sources of value-added of Funds of Hedge Funds – Do they create value? Presentation of a study on 100 top Funds of Hedge Funds. The Capacity Effect: as the debate continues over the existence or otherwise of a capacity effect in the hedge fund industry, Edhec shows that no formal evidence of a capacity effect has been shown in any serious study of the question. Institutional investors’ practices in the area of hedge funds: the results of an in-depth survey of the practices of 150 major European institutional investors.

The speakers will include Edhec's research specialists and distinguished figures from the institutional investor and asset management worlds. The Edhec Hedge Fund Days will be three days of debate, workshops and presentations in the heart of the City of London.

Information : Mélanie Ruiz on +33 (0) 493 187 819, ehfd2006@edhec-risk.com or register online: www.edhec-risk.com/events/ehfd2006

Alternative Investment Summit Asia 21.-22. Feb. Bangkok
Location: Grand Hyatt Erawan

Alternative Investment Summit Asia 2006 will be the most comprehensive forum designed to educate managers and more importantly investors, in the broad spectrum of opportunities to both diversify one's portfolio and achieve superior returns through alternative investments.

Keynotes include:

  • Dr. Marc Faber, Editor-in-Chief, The Gloom Boom & Doom Report, HK
  • Visit Tantisunthorn, Secretary General, Government Pension Fund, Thailand
  • Sung Yun Han, Head of Pension Fund Policy Team, National Pension Corporation, South Korea
To register please rani.kuppusamy@terrapinn.com or register online at www.fundsmanagementworld.com/2006/aia

Hedge Funds World Australia 13-16 Mar. Sydney
Location: The Westin, Sydney.
The perfect setting for you to find out more about the opportunities there and meet the people who matter to your business.

Pensions include:

  • Andre Morony, Chief Investment Officer, CSS/PSS
  • Jeff Rogers, Chief Investment Officer, Victorian Funds Management Corporation
  • Dan Sexton, Chairman, Catholic Superannuation Fund

Top-performing managers include:
  • Philip Mathews, Founder and Managing Director, Mathews Capital Partners
  • Rohan Hedley, Managing Director, Hayberry Investments
  • John Parker, Managing Director, Saltbush Absolute Return Fund
  • Michael Brookes, Director, St Helens Capital Pty Ltd
  • Albert Landman, Chief Equities Strategist, Tricom Equities Limited
To register please rani.kuppusamy@terrapinn.com or register online at www.hedgefundsworld.com/2006/hfw_au

Contact/Disclaimer
ISSN Number: 1450-1953
Alternative Market Briefing has been called the best news service on hedge funds. Our mission is to intelligently select and timely provide the most important daily news for professionals dealing with hedge funds. Alternative Market Briefing offers both a quick overview and indepth coverage of all subjects through the "Source" link that leads you to the publicly available online news sources. The concept that we follow is that of a "clipping service" - the added value for you is that we screen, intelligently select and efficiently present each day the most important hedge fund news. The majority of the news sources used do not require a subscription, however some may ask you to register. Once registered, you can access these news sources freely. Please mail us your feedback and suggestions to feedback@opalesque.com - we love to hear from you!

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