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Hedge funds decline 0.50 per cent in January

Tue, 09/02/2010 - 07:05

The Hennessee Hedge Fund Index declined 0.50 per cent in January, while the S&P 500 declined 3.70 per cent, the Dow Jones Industrial Average declined 3.46 per cent and the Nasdaq Composite Index declined 5.37 per cent.  Bonds rallied, as the Barclays Aggregate Bond Index increased 1.53 per cent. »

Laurent Chevallier joins Eurofin Capital

Tue, 09/02/2010 - 06:14

Eurofin Capital has appointed Laurent Chevallier as head of alternative research and portfolio management. Chevallier will lead Eurofin Capital’s total return research and asset management activities. His role also includes running the firm’s range of multi-manager products and developing new absolute return investment strategies. »

Australian single hedge funds return 20.81 per cent in 2009

Tue, 09/02/2010 - 05:54

Australian absolute return and hedge funds enjoyed one of their best performances on record in 2009, according to a report by Australian Fund Monitors. Single funds across all strategies returned 20.81 per cent for their investors after all fees as equity markets rebounded sharply from the sell off of 2008 and early 2009. »

BTIG expands fixed income platform

Mon, 08/02/2010 - 16:49

BTIG, a broker dealer specialising in institutional trading and related brokerage services, has hired seven senior professionals in its fixed income group focusing on the areas of high yield/distressed, emerging markets and capital markets. These hires continue BTIG’s ongoing expansion in the fixed income market. »

Matrix Asia Fund expands team

Mon, 08/02/2010 - 16:03

Matrix Asia Fund has added Sam West to its team, joining Rupert Foster and David Peerless. Since its launch 18 months ago, the Matrix Asia Fund has outperformed the MSCI Asia Pacific Index by 48.09 per cent returning 33.89 per cent by using a long-short strategy that increasingly focuses on the relative winners and losers of the Asian growth story. »

NYSE to build technology solution for Asean exchange network

Mon, 08/02/2010 - 15:56

NYSE Technologies and four Asean equities exchanges – Bursa Malaysia, the Philippine Stock Exchange, Singapore Exchange and the Stock Exchange of Thailand – have signed a letter of intent that designates NYSE Technologies as the solutions provider for the Asean Trading Link. The award marks a significant first step towards the establishment of an integrated Asean capital market. »

Prologue adds senior portfolio manager

Mon, 08/02/2010 - 15:32

Prologue Capital, an alternative investment firm that manages a discretionary fixed income strategy, has hired Noah Estrin as a senior portfolio manager focused on trading US agency mortgages. Estrin will work in the firm’s Greenwich, Connecticut office and will report to the firm’s founding partners, Graham Walsh and David Lofthouse. »

HFRI Fund Weighted Composite Index down 0.71 per cent in January

Mon, 08/02/2010 - 14:15

The HFRI Fund Weighted Composite Index declined by 0.71 per cent in January after posting a gain of 20 per cent in 2009. Performance was mixed across main hedge fund strategies with gains in relative value arbitrage and event driven partially offsetting losses in equity hedge and macro strategies.   The HFRI Equity Hedge Index fell 0.85 per cent. Losses in equity hedge were concentrated in funds focusing on emerging markets, energy/basic materials and technology sectors. Both equity market neutral and short-bias funds posted gains. »

Dutch hedge funds gain 11 per cent in 2009

Mon, 08/02/2010 - 12:02

Dutch hedge funds gained an average of 11 per cent in 2009, as measured by the Finles/IEX Dutch hedge fund index. The best performing funds in 2009 were HIQ Invest Market Neutral Fund (43.1 per cent), Antarus Europe Fund (39.9 per cent) and IdB Real Estate Fund (37 per cent). The best performing funds in December were Antaurus Europe Fund, Fonds Bloemendaal and Aster-X Panorama. »

Ziegler names Tom Paprocki chief executive

Mon, 08/02/2010 - 12:00

Ziegler has appointed Tom Paprocki as chief executive officer following the retirement of John Mulherin. Paprocki (pictured), a member of Ziegler's board of directors, has served in a senior executive role of the firm for a decade, the past five years as president. He has had responsibility for the firm's investment banking, capital markets, and wealth management business lines. Paprocki says: "I am honoured to lead Ziegler as we greet a new decade; John leaves an important legacy - turning around a great firm serving great clients." »

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