Songsmith captures the anguish of troubled traders

With a tune hauntingly familiar to devotees of the late, great Tammy Wynette, singer Merle Hazard has laid down a musical backdrop to the star-crossed summer of '07, extending the themes of country mu »


Guernsey funds under management reach new high

Guernsey is continuing to exploit its appeal as a centre for fund administration, according to financial sector promotional body GuernseyFinance, following the announcement by the industry regulator t »


Market turmoil leaves hedge funds poised between threat and opportunity

Goldman Sachs Asset Management, which has admitted to losses in the hedge funds it manages totalling up to USD3bn amid continuing fall-out from the US sub-prime mortgage sector meltdown, s »


Hedge fund assets reach estimated USD2.6trn, says survey

Total hedge fund asset levels increased by 8 per cent in the second quarter of this year to USD2.593trn, from USD2.401trn at the end of March, according to the latest HFN Hedge Fund Indust »


Short managers shine amid gloomy July for hedge funds

Hedge funds recorded on average little or no gains in July as managers suffered from sharp falls in US, European and Asian equity markets, widening credit spreads and rising oil prices. »


Dexion Trading unveils proposals for corporate reorganisation

The board of London-listed fund of hedge funds Dexion Trading has finalised proposals to replace its previous investment adviser, FRM Investment Management, with Legg Mason subsidiary Perm »


Hedgemedia's AltInvestment Global News Round-Up: Central banks pump in liquidity to ward off financing crisis

The Federal Reserve injected some USD38bn into the US banking system, following similar moves by the central banks of Europe, Australia, Canada and Japan, in a bid to stabilise the bond ma »


Torrey Associates recruits head of risk management from North Sound Capital

Torrey Associates, an SEC-registered fund of hedge funds manager, has recruited John McClenahan as director of risk management from long/short equity manager North Sound Capital Management »


Wright named chief operating officer of State Street's UK-based investor services business

State Street Corporation has announced the appointment of Nick Wright as senior vice-president and chief operating officer of State Street's investment servicing business in the UK, Middle »


Citco Fund Services opens office in Philadelphia

Citco Fund Services has announced the opening of a new office in Malvern, in the suburbs of Philadelphia, as a financial reporting centre of excellence whose services will be available to »


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