Legg Mason has announced the launch of the Legg Mason Permal Tactical Allocation Fund, a global multi-asset tactical allocation mutual fund managed by its fund-of-hedge-funds affiliate,
The Dow Jones Credit Suisse Hedge Fund Index gained 1.92 per cent in October and is up 8.02 per cent year-to-date. Nine out of ten strategies in the index posted positive performance in October as rising global equity, commodity and
NYSE Euronext is expanding its range of strategy indices with the launch of six new products based on the CAC 40 index. Three new leverage indices track the performance of a strategy that trebles to quintuples exposure to the CAC
Duquesne Capital Management, the largest shareholder of Alpha Natural Resources, has decided to vote against the proposed merger with Foundation Coal Holdings because it believes it is
London-based asset management firm Silk Invest has launched the Luxembourg-domiciled African Lions and Arab Falcons fund.
Philippe Gougenheim, Head of Hedge Funds at Unigestion, says periods of sharp volatility in markets should lead to significant opportunities from Tactical Trading and Arbitrage strategies in the year ahead. The financial downturn, subsequent deflationary climate coupled with historically
Cutler Capital Management has launched the Cutler Absolute Return Fund, a fund designed to provide institutional investors with positive returns regardless of market conditions or general market direction. Geofrey K. Dancey and Arthur Raskin will co-manage the fund. Dancey joined
Hedge funds gained 2.41 per cent in March, according to the Barclay Hedge Fund Index compiled by BarclayHedge. The index is now up 0.82 per cent in 2009.
BlueCrest BlueTrend Limited’s prospectus in relation to the proposed placing and offer for subscription of Sterling Shares USD Shares and Euro Shares of the Company has been approved by the UK Listing Authority. The Company’s investment objective is to seek
Skill in adjusting exposures to various asset classes over time could be the most valuable part of the investment process for hedge funds and is likely to add more value than either selecting securities or maintaining a static equity exposure.
