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The Dow Jones Credit Suisse Hedge Fund Index rebounded from September losses to start the fourth quarter up 1.73%.
Oliver Schupp (pictured), President of Credit Suisse Index Co, says: "The Dow Jones Credit Suisse Hedge Fund Index was up 1.73% in October, marking its largest monthly gain since April. Long/Short Equity was the best performing sector, finishing up 4.45% for the month, while Emerging Markets gained 3.70%. Conversely, the Dedicated Short Bias sector was the worst performer, declining -9.59% in October; the strategy, however, remains up 2.34% year-to-date."
Performance for the Broad Index and its ten sub-strategies is calculated monthly.
Sanne Group has recently moved to new offices in London, which will now be led by corporate and institutional services director, Martin Schnaier (pictured).
Schnaier has joined Sanne Group from Babson Capital where he was finance director with responsibility for the firm’s mezzanine and private equity business. He has over 10 years experience in the finance industry working with institutional funds, venture capital trusts, private equity and debt funds.
Sanne’s London office provides relationship management services to corporate and institutional customers and intermediaries, working with them to deliver tailored administration solutions across a multi-jurisdictional platform.
Schnaier says: “I am delighted
The Securities and Exchange Commission has charged a San Diego-based investment advisory firm and its president with fraud for failing to disclose a conflict of interest to clients and materially misrepresenting the liquidity of a hedge fund they managed.
The SEC’s Division of Enforcement alleges that Western Pacific Capital Management LLC and Kevin James O’Rourke urged clients to invest in a security without disclosing that Western Pacific would receive a 10 percent commission. Western Pacific and O’Rourke also failed to register as a broker, failed to provide required written disclosures to clients, improperly redeemed one hedge fund investor’s interest ahead
In light of the current fiscal and monetary concerns that are gripping the minds of investors around the world, Institutional Asset Manager asked the heads of some of the world’s leading asset managers to share their thinking on portfolio management trends post-Lehman and beyond 2011 in concise fashion. Jim McDonald, Chief Investment Strategist, Northern Trust, responds:

Overview – Like other institutional investors, Northern Trust has focused intensely on the evolving financial crisis in Europe, the prospects for economic growth in the United States and the sustainability of the boom in emerging markets. The primary driver of our five-year outlook is
Liontrust Asset Management PLC made a pre-tax profit of GBP1.7 million for the six months to 30 September 2011, according to the company’s latest Half Yearly report, This compares favourably with a loss of GBP3.9 million for the same period in 2010.
The company’s adjusted profit before tax was GBP22,000 (2010: Adjusted loss before tax of GBP1.6 million), while assets under management (AuM) totalled GBP1,192 million as at 30 September 2011 (2010: GBP1,128 million). AuM as at close of business on 10 November 2011 was GBPGBP1,354 million
John Ions, Chief Executive, says: “The GBP59 million of net inflows that Liontrust
Four years after the meltdown of the US sub-prime mortgage market and the credit crunch, allocators and investors still face a market environment that stubbornly refuses to return to ‘normal’.
Do market players need to learn new rules for a permanently changed environment? Do traditional assumptions about risk and return, correlation and market behaviour no longer apply?
In this free webinar sponsored by PerTrac, Simon Gray, Managing Editor of Hedgeweek, will review the challenges and choices facing allocators in turbulent times. Register for one of two sessions by clicking below:
Thusrday 17 November – 10.00am-11.00am GMT
Thursday 17 November
Scoach has been licensed by the Hong Kong regulator SFC (Securities and Futures Commission) to connect market participants in Hong Kong directly to the Xetra trading system. In the future, banks and brokers can use the Xetra network to place structured product orders for trading on Scoach.
Hong Kong has the highest turnover of structured products in the world. Clients of connected banks and brokers there will now gain access to supervised stock exchange trading in Germany. Due to the time difference between Hong Kong and Frankfurt, Scoach trading operates from 4 pm to 3 am. Late trading extends the
Hedge funds gained 3.73% in October, according to the Barclay Hedge Fund Index compiled by BarclayHedge. The Index is down 3.44% in 2011.
“After five long consecutive losing months which saw the S&P 500 decline 16.2 percent, investors switched into risk-on mode and the S&P soared to a 10.93 percent gain in October, its best monthly return since December 1991,” says Sol Waksman (pictured), founder and president of BarclayHedge. “Robust corporate profits, a plan for Greece, and easing of concerns of a double-dip recession helped to revive investor enthusiasm for equities.”
All but one of Barclay’s 18 hedge fund indices
Indus Capital Partners, LLC has appointed Edward Nebens as Head of Europe Fund Trading. He is based in the NYC office reporting to Gene Salamon, Head of the Europe team.
The firm now has a team of nine and managing assets of nearly USD600m
Prior to joining the team, Nebens was an Executive Director in International Equities at UBS AG, Head of Global Trading at Cantillon Capital Management, a USD10bn international asset manager and Head of Trading at Orchard Capital. He has also worked with several other leading financial institutions during his nearly 20 years in the business. Nebens received his
OYSTER Global High Yield is managed by Seix Investment Advisors, a high yield manager based in the US with an excellent track-record. The fund, which is still reserved for an institutional clientele, will be registered shortly in several countries in Europe and Asia, and become available to the public like the other OYSTER sub-funds. SYZ & CO believes the current environment is particularly favourable to high yield investing, which offers competitive risk-adjusted returns compared to equities.
High yield bonds have historically generated highly competitive returns compared to equities on a risk-adjusted basis, without being strongly correlated to any other asset
