Bernd Vorbeck, spokesman of Universal-Investment’s management board

Universal-Investment and York launch merger arbitrage strategy as Ucits fund

Universal-Investment and New York-based hedge fund specialist York Asset Management have launched an absolute return fund, The York Lion Merger Arbitrage Liquidity Fund UI. »


Steel

LME approves Chicago and Detroit as delivery points for steel billet

The London Metal Exchange has approved Chicago and Detroit as points of good delivery for its steel billet contract. »


John Donohoe, chief executive officer of Carne

Jabre Capital Partners launches Ucits fund

Jabre Capital Partners, the Geneva-based hedge fund manager established by Philippe Jabre in 2006, has established a Luxembourg domiciled Ucits umbrella, JabCap (Lux), with one sub-fund, JabCap (Lux) - Global Balanced.  »


Traders

Dow Jones Credit Suisse Hedge Fund Index up 1.59 per cent

Final performance for the Dow Jones Credit Suisse Hedge Fund Index has been confirmed up 1.59 per cent in July and 2.22 per cent year-to-date. »


London

Isabelle Tykoczinski joins Kinetic Partners

Isabelle Tykoczinski has been appointed a member at Kinetic Partners and will be joining the London risk team to strengthen and develop the firm’s current risk offering. »


China flag

Bestone Asset Management launches China Opportunities Fund

Bestone Asset Management has launched the Bestone China Opportunities Fund. »


Disclosure

Lipper calls for clearer disclosure of fund performance fees

Lipper has identified 81 open-ended funds in the UK with performance fees in place, a rise of 138 per cent from the 34 funds identified at the end of 2007 but still less than five per cent of the industry’s total number of funds. »


Index

RBC Hedge 250 Index up 0.90 per cent in July

The RBC Hedge 250 Index rose by 0.90 per cent in July 2010, bringing the year-to-date return of the index to 0.25 per cent. »


Regulation books

CFTC and SEC issue notice on mixed swaps regulations

The Commodity Futures Trading Commission and the Securities and Exchange Commission have published a notice requesting public comment on defining certain key terms and in prescribing regulations regarding mixed swaps, as required by Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act. »


Handshake with globe

Fried Frank names Lisa Schneider partner

Law firm Fried, Frank, Harris, Shriver & Jacobson has elected Lisa Schneider to the firm's partnership, effective 1 September 2010. »


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