BNP Paribas Securities Services has become the first custodian to offer funds of hedge funds an integrated liquidity management solution. Fund managers now have a committed financing and FX hedging service which is fully integrated with their asset servicing needs
The Lyxor Global Hedge Fund Index, an investable index based on Lyxor’s hedge funds platform which tracks the overall hedge fund universe, was up 5.8% in 2010. The index gained 2.3% in December. Equity markets finished 2010 on a strong
Funds of hedge funds were widely predicted to become one of the principal casualties of last year’s annus horribilis for the hedge fund industry.
ALTIN the USD270m multi-strategy fund of hedge funds listed on the London and Swiss stock exchanges, posted a net return of +6.48% in the 12 months to end August, strongly outperforming the HFRI Fund of Funds Composite Index, which returned
Global financial markets ended 2010 with a positive tone, with strength across global equity, commodity and credit markets throughout the month of December. Fixed income yields rose despite continued subdued inflationary pressures, measures of manufacturing and employment improved while
The investable Headstart Fund of Funds, advised by Headstart Advisers, has claimed its place at the top of the leader board of the Investhedge rankings for multi-strategy funds of hedge funds over the last three, six and 12 months. The
Theta Legends XL Fund is the first Dutch fund of hedge funds with a listing on NYSE Euronext Amsterdam (symbol: THXLE). The fund offers investors the option to trade shares in Theta Legends XL Fund on a daily basis and
Pine Grove Asset Management (PGAM) has launched the Pine Grove Alternative Institutional Fund (Alt Instl Fund), its first registered closed-end fund under the Investment Company Act of 1940. The Alt Instl Fund adds to the fund-of-funds offerings at PGAM, which
Corazon Capital, a Channel Islands- and Geneva-based specialist investment manager, has launched a fund that aims to take advantage of the circumstances that have led managers of previo
As the worst performance year on record for funds of hedge funds draws to a close, hedge funds are also facing record withdrawals, according to Standard & Poor’s Fund Services.
