LME confirms specifications for steel billet futures contracts

The London Metal Exchange has confirmed the contract specifications for the two regional steel billet contracts it plans to launch in April next year covering the Mediterranean and Far Eas »

UBS launches 130/30 strategy fund aimed at private investors

UBS has launched a new fund based on an investment concept incorporating a 130/30 strategy, the UBS (Lux) Key Selection Sicav - US Equities 130/30 B, with the aiming of extending the avail »

Hennessee Group forms alliance with marketing and financial services veteran Hardy

Hennessee Group has formed an alliance with industry veteran and marketing expert Leland Hardy, with the aim of expanding its hedge fund advisory services to domestic and international ins »

Partners Group share price dips despite strong growth outlook

Partners Group, the Switzerland-based alternative asset manager, says its half-year results for the six months to June 30 reflect consistent investment performance combined with the shift »

BNP Paribas Investment Partners resumes NAV calculation for suspended funds

BNP Paribas Investment Partners has announced that it is resuming calculation of the net asset values of three funds whose suspension on August 6 was a critical point in the meltdown of th »

Lehman Brothers launches foreign exchange indices

Lehman Brothers has launched the Lehman Brothers FX Indices, a set of benchmarks that tracks the performance of a long position in G10 currencies against the US dollar. »

Bankrupt money manager Sentinel accused of misappropriating client assets

The Securities and Exchange Commission has accused Sentinel Management, the short-term cash manager for clients such as hedge funds and futures brokers which filed for bankruptcy last week »

Solent Capital may be forced to wind down fund

London-based Solent Capital Partners has announced that it may have to sell off assets from its Mainsail II fund, which was launched with assets of USD1.5bn last year, after becoming the l »

KKR affiliate admits to mortgage-backed securities woes

A publicly-traded affiliate of the venerable buyout firm Kohlberg Kravis Roberts has announced that it might face a USD200m loss on mortgage-backed securities, as well as a further tax bil »

Hedgemedia's AltInvestment Global News Round-Up: Private equity giants postpone flotation plans

Private equity giant Kohlberg Kravis Roberts is delaying its USD1.25bn initial public offering. »

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