Magnifying glass

More companies meeting with hedge funds and sovereign wealth funds

Companies worldwide are adapting their investor relations strategies to enhance their outreach to hedge funds and sovereign wealth funds, according to an annual survey conducted by BNY Mellon.  »


Pocket

SEC targets use of side pockets by hedge funds

The Securities and Exchange Commission’s asset management unit has been investigating whether hedge fund managers have overvalued assets in “side pockets” and then charged investors higher fees based on those inflated values. »


Traders

Morgan Stanley clears OTC derivative trades at CME

Morgan Stanley has cleared over-the-counter interest rate swap transactions for clients of the firm at the Chicago Mercantile Exchange. »


Fund administration

LaCrosse to provide hedge fund administration for Paridon Asia

Paridon Asia, a Singapore-based Asian macro hedge fund, has selected LaCrosse Global Fund Services to provide hedge fund administration, middle office and operations support via its LaCrosseSTP service. »


Bernard L. Madoff

Investment managers and advisers sued over plan investments with Madoff

The US Department of Labor has sued Beacon Associates Management, Andover Associates Management, Ivy Asset Management, J.P. Jeanneret Associates and the principals of the four companies for causing dozens of pension, health and other employee benefit plan clients to lose hundreds of millions of dollars through investments with Bernard L. Madoff and his firm. »


Fireworks

Hedge funds end third quarter with a bang

September closed out a profitable quarter for hedge funds, with the Morningstar 1000 Hedge Fund Index rising 5.2 per cent in September and 7.6 per cent over the third quarter. September closed out a profitable quarter for hedge funds, with the Morningstar 1000 Hedge Fund Index rising 5.2 per cent in September and 7.6 per cent over the third quarter. »


Market

Secondary market gains five per cent in September

A brisk month of trading on the secondary market saw investors move funds in all available asset classes, according to Hedgebay’s Global Hedge Fund Secondary Market Index, with private equity and credit strategies particularly popular. »


Finance graph

Investment firm Zedd Capital launches

Zedd Capital has launched to provide absolute return investment management services for retail investors and professional clients. »


Electronic trading floor

BGC Partners launches fully electronic dollar interest rate options

BGC Partners, an intermediary to the wholesale financial markets, has executed its first fully electronic dollar interest rate option trade. »


Loan

Libor floors have become the norm, says Debtwire

With USD Libor at historical lows, Libor floors have become the norm with 95 per cent of loans including floors with ranges of 1.25 per cent to 3.00 per cent, according to Debtwire’s leveraged loan report. »


Upcoming events

Upcoming training

Mon, 12/05/2014 (All day) - Dubai
Tue, 13/05/2014 (All day) - Dubai