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Kevin Ewer, portfolio manager at Blue Ink Investments

Interest rate volatility boosts South African hedge funds

Tue, 24/08/2010 - 15:06

A combination of a volatile interest rate environment and increased regulation imposed on US banks regarding the use of capital for proprietary trading has boosted the performance of local South African hedge funds during the first half of 2010.  The results of the Blue Ink All South African Hedge Fund Composite, which tracks the performance of around 100 hedge funds in South Africa, showed that local hedge funds have returned 3.54 per cent in the year to date to June, compared to the -4.06 per cent produced by the All Share Index. »

Managed futures

Managed futures post mixed returns for July

Tue, 24/08/2010 - 14:29

Managed futures managers experienced mixed performance for July, the latest report from Lipper Tass shows. While discretionary managers saw gains benefiting from long equity, commodity trading exposures and yields edging downwards, systematic traders ended in negative territory on market trend reversals as riskier assets rallied. Long-term trend followers generally finished the month with negative returns; they were caught with long positions in US dollars, gold, and silver and did not benefit from the rally in the remaining commodities. »

Crystal ball

Hedge funds will confront macro-arbitrage opportunities after summer lull

Tue, 24/08/2010 - 13:05

The structure of the hedge fund business is now more at risk of declining if performance is not sustained, a report by Lipper says. This is especially true for the so-called lower-tier firms below USD250m in assets that have significant overhead and struggle to get sizeable institutional investor allocations. »

Guillermo Worlicek, Ayaltis

Ayaltis Acantias Offshore fund is launched

Tue, 24/08/2010 - 12:12

Ayaltis has launched the Ayaltis Acantias Offshore fund, a fund of hedge funds focused on undervalued assets in the stressed and distressed credit space. »

Trader

Morningstar 1000 Hedge Fund Index rises 2.7 per cent in July

Tue, 24/08/2010 - 10:52

The Morningstar 1000 Hedge Fund Index rose 2.7 per cent in July, while the currency-hedged Morningstar MSCI Composite Hedge Fund Index climbed 0.9 per cent. Year to date through July, these indexes were up 0.4 per cent and 1.7 per cent, respectively. »

Seed capital

Moody Aldrich and Wilshire launch hedge fund seeding platform

Tue, 24/08/2010 - 07:46

Moody Aldrich Partners, a privately held investment firm in Boston, has reached an agreement with Wilshire Funds Management, a business unit of Wilshire Associates, to assist in the development of its open architecture hedge fund seeding platform called MAP Harvest Fund.   »

Long and short straws

Long/short equity can offer better opportunity than long-only, says Credit Suisse

Tue, 24/08/2010 - 07:03

Long/short equity strategies appear to offer an alternative investment opportunity for equity investors versus long-only investing, a paper by Credit Suisse says. Given the current market environment and persistent uncertainty faced by investors, Credit Suisse believes that L/S equity funds can offer a better risk/return opportunity versus long-only equity funds, as well as potentially improved downside protection. »

Paul Wilcox, chairman, Way Group

Way Group launches Absolute Return Portfolio Fund

Tue, 24/08/2010 - 06:10

The Way Group has launched the Absolute Return Portfolio Fund, one of three new investment funds to use a new tiered performance fee structure.   Way Absolute Return Portfolio Fund follows the recently launched Way Freestyle Growth Portfolio Fund, and will be followed this month by the Way Asian Spice Portfolio Fund. Manager Roderick Collins, founding member of Hasley Investment Management, will head up the fund. »

Tim Levy, chief executive of Future Capital Partners

Future Capital chief executive set for Northwest Passage expedition

Tue, 24/08/2010 - 06:06

Tim Levy, chief executive of GBP6bn alternative investment firm Future Capital Partners, is about to embark on a expedition led by Bear Grylls through the Northwest Passage. Future Capital’s investment partnership Future Fuels, which will fund the construction of a renewable fuel plant in the UK, is sponsoring the expedition. The 14 day trip will raise awareness of the effect of climate change on the planet and raise money for UK charity Global Angels, providing safe drinking water for thousands of children in Africa. »

Coal mine

Ginga goes live with electronic coal trading system

Tue, 24/08/2010 - 06:02

Ginga Petroleum, a company offering broking services for the energy markets from Singapore, has gone live with a trading screen for its coal brokers using Trayport’s GlobalVision Broker Trading System. Ginga will list coal swaps products (API2, API4, gC ICE Newc futures) electronically and will also list Indonesian sub-bituminous coal swaps and a sub-bit physical contract. »

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