Randal Goldsmith, Fund Services lead analyst, Standard and Poor

Falling correlation should help long/short equity strategies, say FoHF managers

Long/short equity strategies look set to benefit from decreasing levels of correlation between securities, according to funds-of-hedge-fund (FOHF) managers interviewed by Standard & Poor’s Fund Services in its latest sector update. »

Sol Waksman, founder and President of BarclayHedge.

Hedge fund managers turn bearish on US equities says new survey

Hedge fund managers have turned bearish on US equities, according to the TrimTabs/BarclayHedge Survey of Hedge Fund Managers for February. About 40% of the 89 hedge fund managers the firms surveyed in the past week are bearish on the S&P 500, up sharply from 26% in January, while only 26% are bullish, down from 37%. »

Jon S Corzine, chairman and chief executive officer, MF Global

MF Global appoints Bradley Abelow to newly created role of president

MF Global Holdings Ltd (NYSE: MF), a broker-dealer providing trading and hedging solutions, has made several appointments within the firm’s senior management team. Bradley Abelow, the firm’s current global chief operating officer (COO), will assume the additional role of president, while Henri Steenkamp, the firm’s current chief accounting officer and global controller, has been appointed chief financial officer (CFO). »

Andrew Baker, CEO, AIMA

AIMA warns of economic impact of EU naked CDS ban

EU policymakers should consider the economic impact of potential restrictions on credit default swaps in sovereign debt. That’s according to the Alternative Investment Management Association (AIMA), the global hedge fund association. »

Charles Gradante, Co-Founder of Hennessee Group.

Hedge funds advance 1.39% in February

 Hennessee Group's Hedge Fund Index advanced 1.39% in February (+2.08% YTD), while the S&P 500 advanced 3.20% (+5.53% YTD), the Dow Jones Industrial Average increased 2.81% (+5.61% YTD), and the NASDAQ Composite Index climbed 3.04% (+4.87% YTD).  Bonds advanced, as the Barclays Aggregate Bond Index increased 0.25% (+0.70% YTD) and the Barclays High Yield Credit Bond Index advanced 1.31% (+3.55% YTD). »

The word FRAUD with a magnifying glass

Forward Investment Group to pay USD46.9m over commodity pool fraud

The US Commodity Futures Trading Commission (CFTC) has obtained a federal court order imposing more than USD46.9 million in restitution and civil monetary penalties on Robert D Bame of Moreno Valley, Califonia, and his firm, Forward Investment Group, LLC (Forward) of Santa Monica, California. The order requires the defendants to pay restitution of USD16,038,568.68 and a USD30,887,006 civil monetary penalty for commodity pool fraud. »

Peter Clarke, Chief Executive of Man Group

Man awarded BVK managed account mandate

Man has been awarded a managed account mandate for initially EUR1.2 billion by Bayerische Versorgungskammer (BVK), Germany’s largest public pension fund with more than EUR50 billion in assets. »

Barry Bausano, Deutsche Bank's Co-Head of Global Prime Finance and Head of Equities in North America

Investors predict USD200bn hedge fund inflows in 2011

Investors are predicting over USD200 billion net inflows into the hedge fund industry in 2011, taking the total AUM to an all time high of USD2.2 trillion, according to Deutsche Bank's ninth annual Alternative Investment Survey. »

Dollar sign and larger shadow of dollar sign

Mellon Capital Management Launches commodities strategy

Mellon Capital Management, part of BNY Mellon Asset Management, has launched its Commodity Alpha Long-Bias Strategy, a commodities strategy designed to provide institutional investors with diversification beyond equities and fixed income and to provide a hedge against inflation. »

Peter Niven, Chief Executive of Guernsey Finance

Guernsey’s fund industry moves past the GBP250bn mark

Figures issued today show that the value of investment fund business in Guernsey grew by GBP14.3 billion (5.9%) during the final quarter of last year. »

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