US-listed asset manager GLG Partners made a GAAP net loss attributable to common stockholders of USD99m for the quarter ended 30 September 2009 and a net loss of USD243.7m for the first nine months of fiscal 2009. GAAP diluted EPS
NYSE Liffe, the Europe-based derivatives business of NYSE Euronext, is expanding its long gilt futures contract by launching two and five year gilt futures on 23 November. NYSE Liffe’s long gilt futures contract already trades over two million lots each
San Francisco 49ers owner/chair John York, CEO Jed York, players, coaches, alumni and cheerleaders are to attend the 13th Annual San Francisco “Open Your Heart to the Children” Benefit organised by Hedge Funds Care and the San Francisco 49ers Foundation.
Alternative Investment Group, an independent investment management firm with USD1.6bn assets under management, has appointed SS&C Fund Services to handle the fund administration and accounting for its funds of hedge funds. SS&C will provide Alternative Investment Group with independent fund
A team of global commercial fraud lawyers and investment professionals is launching a USD150m investment fund, named Echemus, to underwrite the investigation, seizure and recovery of worldwide assets for victims of fraud. The team is led by Martin Kenney, a
Lumina Investments, founded and managed by three North Carolina college students, has opened its first hedge fund that seeks to capitalise on the growing influence of "macro events" on the behaviour of global financial markets. "Globalisation has increased correlation and
Long/short equity fund managers avoided equity market volatility in October, finishing the month in neutral territory, according to Jordan Drachman, head of research for alternative beta strategies at Credit Suisse. After record third quarter performance, long/short equity hedge funds posted
Hedge funds lost 0.09 per cent in March, according to the Barclay Hedge Fund Index compiled by BarclayHedge. The index is up 1.39 per cent year to date. “Global equity markets experienced their version of March Madness as fears of Russian
Assets in the hedge fund industry invested through managed accounts will reach USD790bn by 2011, up from USD468bn in 2009, according to research by Tabb Group. The survey of 62 US hedge funds also found that 77 per cent cited
Asia-focused hedge funds continued to build on strong gains posted in the first half of 2009, with the HFRI Emerging Markets: Asia ex-Japan Index returning nearly nine per cent in the third quarter, according to data from Hedge Fund Research.
