Birthday cake

Matrix Asia Fund celebrates two year anniversary

Matrix Group is celebrating the two year anniversary of the Matrix Asia Fund managed by Rupert Foster. »


Globe

BTIG expands global equities group

BTIG, a broker dealer specialising in institutional trading and related brokerage services, has appointed Michael Nethercott as a director in equity sales trading. »


Institutional

Institutional support for hedge funds set to grow in coming year

Twenty nine per cent of investors plan to allocate more capital to hedge funds over the next 12 months, according to a survey of 50 hedge fund investors by Preqin. »


Ying White, Akin Gump

Akin Gump promotes Beijing’s Ying White to partner

Law firm Akin Gump Strauss Hauer & Feld has promoted Ying Z. White to partner.  »


Hong Kong

Advisory and fund placement firm Diamond Dragon Advisors is launched

Regional fund placement veteran Ed Greene has established Diamond Dragon Advisors as the first independent general partner advisory and fund placement firm headquartered in Asia with global distribution and product sourcing capability in the alternative assets space. »


Trading screens

Convergex grows its NorthPoint prime services business

Technology company Convergex Group has expanded NorthPoint Trading Partners, its recently acquired prime services business, with four new hires. »


Dice and numbers

Salus Alpha RN Special Situations up 5.13 per cent month to date

The Salus Alpha RN Special Situations VT heads the list of Salus Alpha funds with a 5.13 per cent month to date return as of 30 July 2010. »


Money outflow

Hedge funds post outflow of USD3.7bn in June 2010

The hedge fund industry posted an estimated outflow of USD3.7bn, or 0.2 per cent of assets, in June 2010, following an inflow of USD4.9bn in May and an outflow of USD2.5bn in April, according to TrimTabs Investment Research and BarclayHedge.  »


Michael Fazio, managing director and head of Houlihan Lokey’s portfolio valuation and advisory services

Houlihan Lokey acquires Red Pine Advisors

Investment bank Houlihan Lokey has acquired Red Pine Advisors, a New York-based financial advisory firm that specialises in the valuation and pricing of illiquid structured product portfolios. »


Index

Dow Jones Credit Suisse Hedge Fund Index up by an estimated 1.67 per cent

Early estimates indicate the Dow Jones Credit Suisse Hedge Fund Index will post positive performance of 1.67 per cent in July. »


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