Shaun Lynn, president of BGC

China Credit BGC granted business license in Beijing

Tue, 13/07/2010 - 06:08

BGC Partners and China Credit Trust’s money broking joint venture, China Credit BGC Money Broking, is the first Sino-foreign joint venture inter-dealer broking company to have been granted a business license by the China Banking Regulatory Commission to operate in Beijing. »

Data

Pension funds allocate across the breadth of alternative assets

Tue, 13/07/2010 - 06:00

Alternative assets under management on behalf of pension funds by the world's largest alternative investment managers remained unchanged in 2009 compared to the year before at USD817bn, according to research by professional services company Towers Watson in conjunction with the Financial Times. »

Trader

Hedge funds advance 0.20 per cent in first half of 2010

Mon, 12/07/2010 - 16:06

The Hennessee Hedge Fund Index advanced 0.20 per cent in the first half of 2010, while the broader markets had their worst half since 2008.  »

Colin Hodges, chief executive officer, Frontier Capital

Frontier Capital names Colin Hodges chief executive

Mon, 12/07/2010 - 15:09

Frontier Capital Management, a UK-based investment management company, has named Colin Hodges chief executive officer. »

Rainbow

Brighter outlook for hedge fund managers in second half

Mon, 12/07/2010 - 14:51

With global stock markets ending the first six months of the year on a shaky footing, the second half of the year poses a number of profitable opportunities for hedge fund managers, according to a report by Lipper. »

Kevin McNulty, Isla’s chief executive

Isla unsure what benefit German ban on naked short selling holds

Mon, 12/07/2010 - 14:13

The International Securities Lending Association says it is disappointed in Germany’s decision to ban the naked short selling of certain assets, including the prohibition of credit default swaps on government bonds. »

Fund administration

Iridium selects LaCrosse to provide fund administration services

Mon, 12/07/2010 - 12:01

Iridium Asset Management has selected LaCrosse Global Fund Services to provide fund administration and operational support for its Iridium Alpha Fund, an Asian equity long/short strategy that invests in commodity-related sectors. »

Index

Dow Jones Credit Suisse Hedge Fund Index down 0.88 per cent in June

Mon, 12/07/2010 - 11:21

Early estimates indicate the Dow Jones Credit Suisse Hedge Fund Index will experience negative performance in June, with a 0.88 per cent decrease for the month. »

Ponzi scheme

CFTC charges Florida and Virginia residents over USD28m Ponzi scheme

Mon, 12/07/2010 - 10:32

The US Commodity Futures Trading Commission has filed an enforcement action charging Phillip Milton of Palm Beach Gardens, Florida, Gregory Center of McLean, Virginia, William Center of Richmond, Virgina, and their Florida-based company Trade with operating a Ponzi scheme involving approximately USD28m in connection with the Trade commodity pool. »

Akshaya Bhargarva, Butterfield Fulcrum

Butterfield Fulcrum names Michael Clark chief executive

Sun, 11/07/2010 - 12:13

Butterfield Fulcrum, an alternative fund administrator, has appointed Michael K. Clark as chief executive officer. »

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