Chris Grandi, chief executive of Abacus

Abacus Group launches StorageBurst

Abacus Group, a provider of hosted IT solutions for hedge funds and private equity funds, has launched StorageBurst, an on-demand service that offers hedge funds a secure and redundant platform to store large amounts of data off-site. »


Money loss

European funds see redemptions of EUR3.6bn in May

The European funds industry suffered redemptions of EUR3.6bn in May, reducing the total for net sales over the year-to-date to EUR108.8bn, according to Lipper’s latest FundFlash report. »


Robert Worthington, president of Hatteras

Hatteras launches Alpha Hedged Strategies Variable Fund

Hatteras Funds, a boutique alternative investment provider, has launched a variable trust fund, the Hatteras Alpha Hedged Strategies Variable Fund. »


Hands holding money

Hedge funds take in lacklustre USD852m in May 2012

The hedge  fund industry took in a lacklustre USD852m (0.05 per cent of assets) in May, but that was an improvement over April’s net outflows of USD3.2bn, according to data from BarclayHedge and TrimTabs Investment Research.  »


Financial graph

Hedge funds advanced 0.06 per cent in June, says Hennessee

The Hennessee Hedge Fund Index increased 0.06 per cent in June and is up 2.10 per cent year-to-date, according to the Hennessee Group. »


Christopher Anderson, corporate partner, Carey Olsen

KPMG and Carey Olsen act on insurance-linked LSE main market listing

KPMG and Carey Olsen have advised Dexion Capital (Guernsey) on the launch of DCG IRIS, a new Guernsey-domiciled, closed-ended investment fund. »


Approved stamp

SEC approves rules and interpretations on key terms for regulating derivatives

The Securities and Exchange Commission has taken another step toward regulating the over-the-counter derivatives market by unanimously approving rules and interpretations for key definitions of certain derivative products. »


Index

Hedge funds post narrow June gain to close H1 up 1.7 per cent

Hedge funds posted a narrow gain last month to conclude the first half of the year up 1.7 per cent. »


Fraud

Mihailovich, Sr. and Growth Capital Management to pay USD9.3m in anti-fraud action

The US Commodity Futures Trading Commission has obtained an order of permanent injunction against defendants Robert Mihailovich, Sr. of Rockwall, Texas, and Growth Capital Management requiring them to pay over USD9.3m for fraudulently soliciting over USD30m from customers to trade commodity futures contracts and foreign currency.  »


Chris Isaacson, chief operating officer for BATS Global Markets

Equinix offers connectivity to BATS’ secondary data facility in Chicago

Equinix, a provider of global data centre services, will offer its customers connectivity to BATS Global Markets’ secondary data centre facility in Chicago. »


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