Interdealer broker Icap has expanded its base metals broking business by opening a New York sales desk and hiring Marc Carozza. »

Culross Global Management, a London-based fund of hedge funds manager, has launched the Culross Long Term Alpha Fund.  »

Thames River Longstone Fund says it has delivered positive performance in 20 out of 24 calendar months as it celebrates its second anniversary. »

Offshore law firm Mourant du Feu & Jeune has appointed James Wauchope as an equity partner in the Cayman Islands. »

Australian absolute return and hedge funds outperformed the ASX200 for the second month running in November, returning 1.98 per cent for the month, according to Australian Fund Monitors. »

The Hedge Fund Replication Index gained 1.1 per cent in November, bringing year to date gains to 9.0 per cent. »

Current attempts to tighten the regulation of financial services could lead to regulatory arbitrage among countries, according to a survey by advisory firm Kinetic Partners. »

Standard & Poor’s has launched an index that measures the performance of investable emerging market companies whose weighting is based in part on their level of carbon emissions. »

Gravitas, a technology solutions provider and business consultant to the alternative investment and financial services industries, has released the first suite of cloud services designed exclusively for alternative asset management firms. »