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Singapore-based hedge fund Quantedge Capital saw its global macro fund gain 32 per cent last year and now aims to be double assets to US
John Zwaanstra, a former Soros Fund Management LLC trader, plans to return outside capital in Penta Investment Advisers, an Asia-focused hedge fund he establishe
Sell-side trader short recommendations totalled 41% of net trade ideas in 4Q11, up from 36% in 3Q11, 34% in 2Q11, and 33% in Q1 2011, according to the latest data released by TIM Group.
Over the course of the Q4 2011, however, the short percentage began to subside. It started the quarter at 40%, peaked at 46% the last week in October, and then fell fairly steadily to 37% by early December.
More than 33% is considered bearish as it indicates more than one short for every two longs.
The last time the quarterly short percentage was 40% or more
Gary Gensler (pictured), chairman of the US Commodity Futures Trading Commission (CFTC) is backing the final rules on the segregation of customer funds for cleared swaps…
These rules are an important step forward in protecting customers and reducing the risk of swaps trading. The rules carry out the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) mandate that futures commission merchants (FCMs) and derivatives clearing organisations (DCOs) segregate customer collateral supporting cleared swaps. FCMs and DCOs must hold customer collateral in a separate account from that belonging to the FCM or DCO. It prohibits clearing organisations from using the
The Lyxor Hedge Fund Index was down 0.36% in December. Year-to-date performance as of December 2011 is down 6.59%.
The top performing strategies over the month were Lyxor CTA Long Term Index (+1.29%), Lyxor Convertible Bonds & Volatility Arbitrage Index (+1.22%) and Lyxor CTA Distressed Securities Index (+0.57%).
The Lyxor Hedge Indices are investable, asset-weighted indices, designed to offer investors straightforward access to hedge fund performance. The indices are based on Lyxor’s managed account platform that covers all the major hedge fund strategies and benefits from a high level of transparency and risk control, while ensuring weekly liquidity. The Lyxor
Silk Road Management has launched the Silk Road Australia Index (SILKAU), a debut benchmark that includes largest Mongolia and Central Asia-focused companies with listing on the Australian Stock Exchange (ASX). The index currently covers 10 companies with the total market capitalisation of USD1.2 billion (31 December, 2011) and is set with initial value of 1000 as of 1 January, 2012.
Alisher Ali, Managing Partner, Silk Road Management says: "We believe that the Silk Road Australia index with albeit modest US$1.2 billion market capitalization is expected to expand significantly in coming years on the back of upcoming IPOs of Mongolia focused
Jing Sun, Manager of the PSigma Global Equity Fund, is encouraged by a recent research trip to China…
I have just returned from Hong Kong and Beijing following my annual research trip. I came away encouraged that the excess industrial capacity and real estate worries are not nearly as bad as many have been suggesting in the West. On the other hand, I do not expect any bold policy actions from China in reaction to further problems from Europe if they develop. One key conclusion reached was that the PSigma Global Equity Fund will continue to avoid many exporters based
Ogier is to open a boutique law firm in Luxembourg in early 2012, making it the first offshore firm with an onshore legal presence in the country. This is expected to be followed by a fiduciary business later in the year.
Ogier has extensive funds experience, and this new office will enable the firm to enter one of the most highly regarded and well established financial centres – and one that, unlike other bigger countries, has managed to retain its AAA rating in spite of the financial crisis. This will be particularly pertinent in recent months as Luxembourg is expected to
We are conducting a survey of the Hedgeweek readership to assess the best hedge fund performers and service providers during 2011 in a range of categories covering the entire hedge fund space. Managers and service providers are welcome to nominate their own funds/firms – with relevant justification.
Please make your nominations by completing this survey.
The deadline for nominations is 12 January 2012.
The results from this survey will be presented in aggregate and all individual answers will be confidential. The awards represent a key marketing opportunity for winners, who will be awarded their prizes at an awards lunch
