Carrousel Capital, the closed end fund arbitrageur run by Bruno Sangle-Ferriere, has celebrated its tenth anniversary this week with the launch of the Centrix IX hedge fund. Named after the three French grand ecoles from which its directors graduated, Centrix
The Hennessee Hedge Fund Index advanced 1.90 per cent in July, bringing its year-to-date performance to 1.87 per cent. This follows a decline of 1.35 per cent in June 2010. In July the S&P 500 increased 6.88 per cent (-1.21
Man has reported statutory profit before tax from continuing operations of USD193 million for the nine months ended 31 December 2011 (12 months ended 31 March 2011: USD324 million), which is in line with estimates reported in the group’s 18
Despite the FSA’s inability to uncover any evidence of trading irregularities by former Gartmore star trader Guillaume Rambourg there has been no attempt to build bridges with news that Rambourg’s new firm, Verrazzano Capital Partners, is preparing to launch a
A regeneration of the capital markets enabled a relatively successful 2009 for the hedge fund industry, research by KPMG shows. However, in an industry where transparency is becoming a critical component of client management, the years ahead will see the
The financial services industry in the Cayman Islands has rejected claims by a US business group that low or no-tax jurisdictions hurt the US economy because they encourage tax evasion. "The deliberate misrepresentation of lawful tax structuring as illegal tax
Dutch hedge funds avoided most of the drawdowns in equity markets in June. The Finles/IEX Dutch hedge fund index fell by 1.04 per cent versus a loss of 4.3 per cent for the MSCI World index. The performance of Dutch
The Hedge Fund Association is sponsoring the AT&T USA Cycling Professional Criterium National Championship at the Glencoe Grand Prix, to be held on 14 August 2010 in the village of Glencoe, Illinois. The race, a regional staple for 23 years,
Ignis Asset Management has launched the Ignis UK Enhanced Income Fund. The fund, which soft launched on 27 July 2010, employs a covered call strategy to generate additional income from stocks listed in the UK. Managed by Martin Brown, who
Fund managers are increasingly turning to equity and asset allocation as the number of fixed income funds in the absolute returns sector falls, says Standard & Poor’s Fund Services in its latest sector review. “Many fixed income funds that were
