Managed futures lost 0.91% in March according to the Barclay CTA Index compiled by BarclayHedge. Year-to-date, the Barclay CTA Index is down 0.39%. “Perilous crosscurrents wrought by devastation in Japan, unrest in the Middle East, and higher headline inflation generated
European Central Counterparty will begin clearing and settling 120 of the most heavily-traded listed depositary receipts on 16 October. EuroCCP has further extended its relationship with Citi’s Global Transaction Services, by appointing the firm as EuroCCP’s settlement agent for these
Guernsey lawyers from Mourant Ozannes have assisted in advising BlueCrest on the acquisition by its partners of Man Group’s 25.5% stake in the BlueCrest Group for USD633 million. The transaction was funded by a senior debt facility arranged by HSBC
The Scotia Capital Canadian Hedge Fund Performance Index finished March 2011 down 0.09% on an asset weighted basis and down 0.70% on an equal weighted basis. The Index performed in line with North American equities and slightly underperformed global hedge
Hedge funds received USD24.3bn (1.1 per cent of assets) in February, the highest monthly inflow in three years, building on an inflow of USD4.4bn (0.2 per cent of assets) in January, according to BarclayHedge and TrimTabs. “The hedge fund industry
Outsourcing FATCA reporting function overcomes scalability issue for managers. “The reason firms should start early with FATCA is that until you have gone through the process of data mining and figuring out all the details on your investors, you really do
Total capital invested in the global hedge fund industry exceeded USD2 trillion for the first time in its history, according to data released by Hedge Fund Research, Inc. (HFR). Total industry assets rose to USD2.02 trillion, an increase of
Varden Pacific, the San Francisco-based structured credit hedge fund manager launched in late 2010, has selected alternative assets placement agent MCAM Group to raise capital internationally for its flagship Varden Pacific Opportunity Partners fund. Varden Pacific currently manages over
The Lyxor Hedge Fund Index rose 1.14 per cent in September, bringing year-to-date performance to +5.40 per cent. The top performing strategies over the month were L/S credit arbitrage (+5.15 per cent), convertible bonds and volatility arbitrage (+2.59 per cent),
Espen Robak, president and founder of Pluris Valuation Advisors, argues that Black-Scholes and other theoretical valuation models have long failed to value illiquid securities properly, but but their inadequacy is especially an issue today because of the prevalence of illiquid
