Money thumbs up

Eight out of ten hedge fund strategies positive in July

The Dow Jones Credit Suisse Hedge Fund Index gained 1.59 per cent in July, its highest performance since March 2010. »


Irish flag

Ireland removes requirement for non-resident declarations by fund investors

Dechert’s Declan O’Sullivan and Conor Durkin outline recent changes in revenue practice under which Irish funds may obtain an exemption from the Irish Revenue Commissioners making it easier for investors to subscribe for shares/units in an Irish fund. »


Shaun Lynn, president of BGC Partners

BGC Partners acquires Mint Partners’ key businesses

BGC Partners, an intermediary to the wholesale financial markets, has completed the acquisition of various assets and businesses of Mint Partners and Mint Equities through BGC Brokers. »


Trading screens

Merriman Curhan Ford hires Joe Minton for agency options trading desk

Merriman Curhan Ford has hired Joe Minton as managing director and head of derivatives to launch an agency options trading desk for institutional investors. »


Research

Otkritie strengthens research team

Otkritie, one of the largest financial groups in Russia, has bolstered its research team with the appointment of two senior Russian equity market specialists. »


Japan flag

Fidessa provides access to Chi-X Japan

Fidessa group, a provider of trading, connectivity and market data solutions for the buy-side and sell-side, is providing connectivity to Chi-X Japan through its global FIX network. »


People shaking hands

Michael Davie appointed chief executive of SwapClear

LCH.Clearnet has appointed Michael Davie as chief executive of SwapClear, its interest rate swap clearing service.  »


Stanley Druckenmiller

Comment: Druckenmiller retirement indicates a new era for hedge funds

Stanley Druckenmiller one of the world’s most successful hedge fund managers, decided to stepdown this week, telling investors in a full and frank letter, "For me the disappointment of each interim drawdown over the years has taken a cumulative toll that I cannot continue to sustain.” »


Stanley Druckenmiller

Comment: Druckenmiller retirement indicates a new era for hedge funds

Stanley Druckenmiller one of the world’s most successful hedge fund managers, decided to stepdown this week, telling investors in a full and frank letter, "For me the disappointment of each interim drawdown over the years has taken a cumulative toll that I cannot continue to sustain.” »


Emerging markets currencies

Investors continue retreat from emerging markets hedge funds

Emerging markets hedge funds experienced a net withdrawal of USD1.5bn in the second quarter of 2010, according to figures released by Hedge Fund Research, a provider of hedge fund industry data.  »


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