All news

Emerging markets currencies

Investors continue retreat from emerging markets hedge funds

Emerging markets hedge funds experienced a net withdrawal of USD1.5bn in the second quarter of 2010, according to figures released by Hedge Fund Research, a provider of hedge fund industry data.  »

Managed futures

Barclay CTA Index up 0.09 per cent in July

Managed futures gained 0.09 per cent in July, according to the Barclay CTA Index compiled by BarclayHedge. »

Approved stamp

CFTC allows Istanbul futures to be offered and sold in the US

The Commodity Futures Trading Commission’s Office of General Counsel has issued a no-action letter permitting the offer and sale in the US of Turkish Derivatives Exchange’s futures contract based on the Istanbul Stock Exchange 30 Stock Index. »

Fund administration

Conifer Group appoints head of fund administration

The Conifer Group has appointed Douglas Lang as head of fund administration and managing director.  »

Dermot Butler, chairman of Custom House

Custom House launches umbrella platform for emerging and start up managers

Custom House Global Fund Services has launched The Nascent Fund Sicav, an open-end Maltese domiciled Sicav umbrella fund platform for managers wishing to start their own new fund and establish a track record. »

Oil rig

Ticonderoga Securities launches coverage of energy sector

Ticonderoga Securities, an institutional broker dealer, has launched coverage of nine oil and gas companies in the energy sector under directors Daniel Pratt, Anthony Montano III and John Malone. »

Amir H. Alavi, Ahmad, Zavitsanos & Anaipakos

Delaware court clears way for coordination of hedge fund investors

Attorneys from Houston's Ahmad, Zavitsanos & Anaipakos have helped a hedge fund investor earn a ruling at the Delaware Supreme Court that will allow investors in failed hedge funds to investigate their losses as a group while coordinating potential legal actions. »

Fireworks

Convertible bonds record best performance in a year in July

After two months of severe disappointment stock market investors seemed to renew with unbridled optimism in July, with the S&P 500 index rising by 7.01 per cent, its best return over the past 12 months, and implied volatility (23.50 per cent) dropping by one third. »

Trader at screen

Integrated Capital Solutions launches CTA platform

Integrated Capital Solutions has launched a managed investment platform to rank and track some of the world's leading trading advisers and create single or multi CTA portfolios. »

Australia

Australian hedge funds up 1.5 per cent in July

Australian hedge funds rose by 1.5 per cent in July, bringing their year-to-date performance to 0.32 per cent, according to Australian Fund Monitors. »

Risk

Survey finds bearish sentiment waning as risk appetite improves

Bearish sentiment among investors about the outlook for the global economy and corporate earnings has eased, according to the BofA Merrill Lynch Survey of Fund Managers for August. »

Bernd Vorbeck, spokesman of Universal-Investment’s management board

Universal-Investment and York launch merger arbitrage strategy as Ucits fund

Universal-Investment and New York-based hedge fund specialist York Asset Management have launched an absolute return fund, The York Lion Merger Arbitrage Liquidity Fund UI. »

Steel

LME approves Chicago and Detroit as delivery points for steel billet

The London Metal Exchange has approved Chicago and Detroit as points of good delivery for its steel billet contract. »

John Donohoe, chief executive officer of Carne

Jabre Capital Partners launches Ucits fund

Jabre Capital Partners, the Geneva-based hedge fund manager established by Philippe Jabre in 2006, has established a Luxembourg domiciled Ucits umbrella, JabCap (Lux), with one sub-fund, JabCap (Lux) - Global Balanced.  »

Traders

Dow Jones Credit Suisse Hedge Fund Index up 1.59 per cent

Final performance for the Dow Jones Credit Suisse Hedge Fund Index has been confirmed up 1.59 per cent in July and 2.22 per cent year-to-date. »

London

Isabelle Tykoczinski joins Kinetic Partners

Isabelle Tykoczinski has been appointed a member at Kinetic Partners and will be joining the London risk team to strengthen and develop the firm’s current risk offering. »

China flag

Bestone Asset Management launches China Opportunities Fund

Bestone Asset Management has launched the Bestone China Opportunities Fund. »

Disclosure

Lipper calls for clearer disclosure of fund performance fees

Lipper has identified 81 open-ended funds in the UK with performance fees in place, a rise of 138 per cent from the 34 funds identified at the end of 2007 but still less than five per cent of the industry’s total number of funds. »

Index

RBC Hedge 250 Index up 0.90 per cent in July

The RBC Hedge 250 Index rose by 0.90 per cent in July 2010, bringing the year-to-date return of the index to 0.25 per cent. »

Regulation books

CFTC and SEC issue notice on mixed swaps regulations

The Commodity Futures Trading Commission and the Securities and Exchange Commission have published a notice requesting public comment on defining certain key terms and in prescribing regulations regarding mixed swaps, as required by Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act. »