The Australian Fund Monitors’ Index rose by 1.54 per cent in November, bringing its year-to-date performance to 16.31 per cent. »

Final performance for the Credit Suisse/Tremont Hedge Fund Index has been confirmed up 2.11 per cent in November, bringing year-to-date performance to 17.53 per cent. »

The Federal Court of Australia has approved the settlement of a compensation claim initiated by the Australian Securities and Investments Commission for Bongiorno Financial Advisers clients who were advised to invest in York Street Mezzanine, a company within the failed Westpoint Group. »

Chief executive officers and chief operating officers were the best paid hedge fund employees in 2009, receiving total compensation of over USD1m, according to a survey by Infovest21. »

Investors are looking forward to 2010 as a year of moderate economic growth, benign inflation and solid returns in global equities, according to the BofA Merrill Lynch survey of fund managers for December. »

New York residents Raj Rajaratnam and Danielle Chiesi have been charged with a 17-count indictment involving conspiracy and securities fraud crimes stemming from their alleged involvement in the largest hedge fund insider trading case in history. »

The partners at law firms Lovells and Hogan & Hartson have decided to merge the two firms.  »

Newedge, a provider of multi-asset brokerage and clearing, has named John Fay senior managing director and head of Americas region. »

Deutsche Bank’s global prime finance division has launched a hybrid custody version of prime brokerage, named DB Integrated Prime Custody. »

Fund.com’s subsidiary AdvisorShares Investments will launch the WCM/BNY Mellon Focused Growth ADR ETF in January, the first actively managed exchange-traded fund to invest in international American depositary receipts. »