Handshake

Xavier Corin-Mick named partner at Finisterre Capital

Emerging markets specialist Finisterre Capital has appointed Xavier Corin-Mick as a partner in the firm. »


Hugh Willis, chief executive of BlueBay

RBC acquires Bluebay Asset Management

Royal Bank of Canada has completed the acquisition of BlueBay Asset Management. »


Monaco

Law firm D. Harris opens office in Monaco

D. Harris & Co. International, law firm to the hedge fund industry, has is opening an office in Monaco.  »


Index

S&P 500 index remains flat in November

In November, renewed activity on the stock market, illustrated by a level of implied volatility that was slightly up (23.5 per cent) on the previous month but with no significant change since July, resulted in a flat trend for the S&P 500 index, which managed to avoid losses (+0.01 per cent). »


Mutual funds

Bandon to launch alternative long-short fixed income mutual fund

Bandon Capital Management plans to launch its first mutual fund, the Bandon Isolated Alpha Fixed Income Fund. »


John Greenwood, Invesco’s chief economist

Dual-speed recovery complicates asset allocation in 2011

The global economy will continue its dual-speed recovery in 2011, with developing and developed economies occupying “parallel and very different financial universes,” Invesco’s chief economist, John Greenwood, writes in his economic outlook for 2011. »


Handshake

Groveland Capital hires David Cragg as chief financial officer

Minneapolis based Groveland Capital has hired David Cragg as chief operating officer and chief financial officer. »


Graph and globe

Coral Portfolio launches Coral All Seasons for hedge fund managers

Coral Portfolio has launched the Coral All Seasons Account which combines its Luxembourg regulated Sicav-Sif fund structure with Deutsche Bank’s X-markets hedge fund platform. »


Kenneth J. Heinz, president of HFR

UBS and HFR launch ETF on HFRX Global Hedge Fund Index

UBS and Hedge Fund Research have launched the UBS ETFs plc - HFRX Global Hedge Fund Index SF, the first exchange-traded fund built on the investable benchmark of hedge fund performance.  »


Asia

Sloane Robinson and Deutsche Bank working on Asia Ucits offering

Sloane Robinson and Deutsche Bank are working together with the aim of launching a Ucits compliant Asia fund that will be managed by the same investment team responsible for Sloane Robinson’s flagship Asia offering. »


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