Graph and pen

Systematic funds deliver higher risk-adjusted returns, research shows

Discretionary hedge funds tend to outperform systematic funds when markets are rising, but systematic funds can provide lower volatility and higher risk-adjusted returns, according to research by Preqin. »


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Barclay CTA Index gains 0.87 per cent in May

Managed futures gained 0.87 per cent in May, according to the Barclay CTA Index compiled by BarclayHedge. »


Handshake

US CFTC appoints deputy director and chief counsel of the division of enforcement

The US Commodity Futures Trading Commission (CFTC) has appointed Gretchen Lowe as principal deputy director and chief counsel in the commission’s division of enforcement. »


Oil

Hedge funds increasing long energy bets

Oil future prices for Brent rose above USD115/bbl on 19 June, the highest level of the past five years. »


Team meeting

Stenham expands business development team

Stenham Asset Management has appointed Gary Rynhoud as global head of business development, while Lydia Carroll has assumed the position of business development manager. »


Gavel

SEC charges hedge fund advisory firm over scheme to misuse investor proceeds

The Securities and Exchange Commission (SEC) has charged a Florida-based hedge fund advisory firm and its founder with fraudulently shifting money from one investment to another without informing investors.  »


Report

Time for asset management industry to shine, says KPMG report

Opportunities abound for the global asset management industry as the shrinking of the banking sector has thrust asset management to the heart of global capital flows and the pace of regulatory change is starting to ease off, according to a KPMG report. »


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Barclay Hedge Fund Index adds 1.16 per cent in May

Hedge funds gained 1.16 per cent in May, according to the Barclay Hedge Fund Index compiled by BarclayHedge. »


Puppy

Harbinger Group offers to acquire Central Garden & Pet Company

Harbinger Group, the publicly traded holding company run by hedge fund manager Philip A Falcone, is offering to acquire, directly or through one of its affiliates, all of Central Garden & Pet Company for USD10.00 in cash per share. »


Electronic trading floor

ULLINK to acquire NYFIX and Metabit from Intercontinental Exchange

ULLINK, a provider of electronic trading solutions and connectivity to the financial community, is to acquire NYFIX and Metabit from NYSE Technologies, part of Intercontinental Exchange (ICE). »


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