Hans Schlaikier, Hedgeweek

Asian stock rally boosts hedge fund performance… Hedge funds rebound with August gains…

Hedge fund and absolute return managers have generally caught the upside stemming from a rally in Asian stock markets in July, while Chinese managers have finally seen some fruits from the country’s economic reforms, according to GFIA. »


Handshake

Investment managers Eden Rahim and Michael Bird join Next Edge Capital Corp

Investment managers Eden Rahim and Michael Bird have joined Next Edge Capital Corp to provide portfolio management and financial advisory services to the firm.  »


Japan flag

HKEx and LME host metals seminar in Tokyo

Hong Kong Exchanges and Clearing Limited (HKEx) and the London Metal Exchange (LME) hosted a seminar in Tokyo on Wednesday to update participants on the LME’s markets. »


Big Data is not just about aggregation, it’s about data governance and insight, says SEI’s Joe Henkel

Big Data is not just about aggregation, it’s about data governance and insight, says SEI’s Joe Henkel

Regulation and more detailed operational due diligence questionnaires used by institutional investors are pushing hedge funds to the limit of data management. Transparency is as great as it has ever been, but with that comes the need to process enormous volumes of data. Right now, however, large numbers of hedge funds do not have the required operational infrastructure to run a ‘Big Data’ strategy. »


Gavel

CFTC charges Florida attorney with aiding and abetting illegal metals transactions and fraud

The US Commodity Futures Trading Commission (CFTC) has filed a civil enforcement complaint against Florida attorney Jay Bruce Grossman charging him with aiding and abetting multiple clients in the operation of illegal and fraudulent precious metals schemes. »


Risk

Hiscox launches Private Investment Fund Portfolio

Specialist insurer Hiscox has launched the Private Investment Fund Portfolio, providing protection for many types of asset management firms. »


Handshake

ABN AMRO Clearing appoints FX product manager

ABN AMRO Clearing has recruited Noel Singh for the new role of FX product manager, responsible for developing international expansion opportunities for the firm’s currency offering. »


Open sign

Maples Fund Services opens Boston office

Maples Fund Services has opened an office in Boston, expanding its North American presence. »


Numbers and magnifying glass

Hedge funds redeem USD40m in July and outperform S&P 500

The hedge fund industry redeemed USD40 million in July, the first monthly outflow of the year, after taking in USD5.1 billion (0.2 per cent of assets) in June, according to BarclayHedge and TrimTabs Investment Research. »


Shares

BGC Partners to offer to acquire GFI Group shares for USD5.25 per share

BGC Partners intends to commence a tender offer to acquire all of the outstanding shares of GFI Group for USD5.25 per share in cash in a transaction valued at approximately USD675 million.  »


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