The HFRI Fund Weighted Composite Index gained 0.38 per cent for August, with strong performance in macro and relative value strategies only partially offset by weakness in equity hedge and event driven funds. The HFRI Macro Index gained 2.16 per
Despite the financial crisis and scandals, the hedge fund industry in Switzerland is well on track. Clear trends include a shift from funds of hedge funds to single hedge funds, the new position of institutional investors as the most important
The hedge fund industry posted an estimated outflow of USD2.9bn, or 0.2 per cent of assets, in July 2010, the second straight outflow as well as the third in four months, according to TrimTabs Investment Research and BarclayHedge. Industry assets
The Hedge Fund Replication Index finished August up a mere 0.1 per cent, having given back the majority of its early gains. However, things appear to have improved in the first few days of September, with the index repeating August’s
General Motors has selected GlobeOp Financial Services as its service provider for daily collateral management, valuation and reconciliations across its over-the-counter derivatives portfolio. GlobeOp will support General Motors’ treasury department with the management of foreign exchange, commodity and interest rate
Stenham Asset Management has expanded its investment team with the acquisition of Montier Partners, a discretionary investment management provider. The deal was completed on 1 September 2010. Dominique Montier, founder of Montier Partners, with 33 years’ investment experience, and
Dutch hedge funds gained an average 0.2 per cent in July, as measured by the Finles/IEX Dutch hedge fund index, despite their very cautious positioning. Most quantitative strategies and macro funds showed losses due to the sudden positive momentum in
Nigel Strachan (pictured), head of business development at Kleinwort Benson’s corporate services business in Jersey and the new chairman of the Jersey Funds Association, sees new opportunities for mezzanine finance to pick up the slack where leverage from traditional sources
Returns for the Credit Suisse Liquid Alternative Beta Index suggest that hedge funds were negatively impacted by broad market sell-offs in August, although certain sectors showed resilience amid the increased market volatility. Although the index was down 1.14 per cent
Javelin Capital, an asset manager specialising in global equities, has launched. It is backed by Majedie Investments, which has an initial 70 per cent holding. In setting up this subsidiary company, Majedie Investments is seeking to repeat the success of
