LCH.Clearnet, which operates the interest rate swap clearing service SwapClear, is to begin using the overnight index swap rate curves to discount its USD218trn IRS portfolio. Previously, in line with market practice, the portfolio was discounted using Libor. However, an
PIMCO has launched the PIMCO Credit Absolute Return Fund for investors seeking a global, diversified strategy that is focused on absolute return and not constrained by a benchmark. The Credit Absolute Return Fund, which has a "go-anywhere" investment style
The RBC Hedge 250 Index fell by 2.42 per cent in May, bringing its year-to-date return to 0.29 per cent. These returns are estimated and will be finalised by the middle of next month. The return for April 2010 has
General Atlantic LLC, Robert M Bass, and senior management have made an investment in Oak Hill Advisors and purchased a minority stake held by iStar Financial, Inc. The transaction increases the management team’s majority interest in Oak Hill Advisors and,
Fitch Ratings says in its quarterly hedge fund newsletter that the industry has shown resilience in the face of difficult macroeconomic and market factors for the year-to-date. However, market volatility in May highlighted funds’ exposure to systemic risk and affected
European Fund Administration had a turnover of EUR63m in 2009, a 2.5 per cent rise on 2008, after tax profits amount to EUR5.1m ensuring a return of 38.2 per cent on subscribed capital after tax. As at 31 December 2009,
It could be a long summer, argues PSigma Investment Management chief investment officer Tom Becket (pictured), with the European sovereign debt crisis and the political argument over raising the US government debt ceiling still unresolved. Unless these issues are tackled
The DoubleLine Total Return Bond Fund has reached USD10 billion in assets under management, just 16 months after its launch in April 2010, according to DoubleLine Funds Trust and adviser DoubleLine Capital LP. Jeffrey Gundlach, Chief Executive Officer of DoubleLine
Having reduced its exposure to risk in global equities on 21 April 2010, HSBC Private Bank is maintaining its highest conviction overweight in hedge funds in the belief that hedge funds are well positioned to profit from the current market
Verno Investment Management has been launched as a specialist fund manager in the capital markets of Russia and the former Soviet Union. The founder, Dimitri Kryukov, is an experienced investment manager and trader in the Russian market. Kryukov, who will
