Hedgemedia's AltInvestment Global News Round-Up: Federal Reserve recruits BlackRock to manage Bear portfolio

BlackRock has been tapped by the Federal Reserve Bank of New York to help manage the USD30bn portfolio of Bear Stearns, which is being acquired by JPMorgan Chase, now for USD1.2bn. »


LME launches Cleared Average Price Swaps service

The London Metal Exchange has launched a Cleared Average Price Swap (Caps) service, offering a monthly average price swap settled in cash against the exchange's underlying non-ferrous meta »


Tabb Group launches derivatives research service

Tabb Group, a London- and New York-based research and advisory firm focused solely on capital markets, has launched the Tabb Derivatives Service, offering access to what it describes as cu »


Société Générale and Orbeo launch carbon index

Société Générale Index and Orbeo have launched the SGI - Orbeo Carbon Credit Index, designed to offer institutional investors, asset managers and private banks »


GlobeOp Financial Services unveils improved preliminary results for 2007

GlobeOp Financial Services, an independent provider of administration services including business process outsourcing, financial technology and analytics to hedge fund and other asset mana »


ICAP launches property derivatives in Asia-Pacific

ICAP, the world's premier inter-dealer broker, has announced that it has expanded its property derivatives business into the Asia-Pacific region, building on its existing European and US o »


NYSE Euronext to launch a series of high dividend indices

NYSE Euronext has announced the launch of a family of high dividend indices based on its European national blue chip indices: AEX, BEL 20, CAC 40 and PSI 20. »


Lawyers Dechert appoints new partners for financial services

Dechert has announced that Kevin P Scanlan has joined the firm as a partner in the financial services group. »


Brisk business for Man's MI Trade, new hedge fund daily trading platform

MI Trade, the ground-breaking online platform created last year by Man Investments to provide daily trading in hedge funds, has handled more than USD110m in trading orders in its first sev »


Hedge fund Scipion Capital launches third Africa strategy fund

Scipion Capital, the wholly Africa dedicated hedge fund manager, has announced the launch of its third Fund - the Scipion Alpha Seeker Fund - which will launch in April and invest in liste »


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