Peter Clarke, chief executive of Man

Man Group’s profit before tax falls to USD541m

Man Group made a profit before tax of USD541m for the financial year ended 31 March 2009, down from the USD743m profit made the previous year. »


Market

Selected hedge fund strategies to successfully navigate market turmoil

The global macro scenario, macro information flow arrival and volatility clustering are expected to continue dominating market sentiment in the short run, according to a report by Lipper. »


Dollars and graph

State Street Private Equity Index up 5.94 per cent in Q4

The State Street Private Equity Index rose by 5.94 per cent during the quarter ended 31 December 2009, a slight increase from the third quarter return and 2,226 basis points higher than the return recorded in the fourth quarter of 2008.  »


Globe and graph

Hedge fund managed accounts continue to surge in the near term

Managed accounts have experienced extraordinary growth in the aftermath of the financial crisis, according to a report published today by Moody's Investors Service. »


Frozen funds

ASIC publishes information for investors in frozen funds

The Australian Securities and Investments Commission has published information to better inform investors in frozen funds about their rights in relation to the freezing of funds and to confirm which entities have received relief to assist in the redemption of funds. »


Computer screen

Custom House launches online Chariot Dealing Platform

Custom House, a hedge fund administrator, has launched the Chariot Dealing Platform to complement its existing Chariot Reporting Platform. »


Ponzi scheme

CFTC charges California men with multi-million dollar Ponzi scheme

The US Commodity Futures Trading Commission has charged Ruben Gonzalez and Jose C. Naranjo of California and their company, New Golden Investment Group, with fraud and misappropriation in connection with a multi-million dollar Ponzi scheme. »


New York

Bob Keller to join Deutsche Bank in New York

Deutsche Bank has hired Bob Keller as a managing director in global credit trading within the bank’s global markets division. »


Money dice

Lifeline Program launches life settlement funding initiative

The Lifeline Program has launched an initiative which expands the life insurance settlement provider’s capacity to aggregate life settlement portfolios. »


Regulation

Citi assists clients with new money market fund regulations

Citi’s investor services business is launching a range of services to help fund clients comply with new money market rules put forth by the Securities and Exchange Commission. »


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