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Man, one of the world’s largest listed hedge fund providers, has announced the launch of Man Long Short Fund, a new long/short equity fund of hedge funds with scheduled monthly liquidity in a Registered Investment Company format.
Man Investments (USA) LLC serves as the Fund’s investment adviser and is part of Man’s Multi-Manager Business which has approximately USD12.7 billion in funds under management globally as of 30 September, 2011.
Man Long Short Fund, available only to the high net worth clients of the top-tier broker dealers and advisers with an investment minimum of USD50,000, provides a transparent and liquid way
The Swiss Funds Association SFA supports the primary objectives of the partial revision of the Swiss Federal Act on Collective Investment Schemes (CISA). As part of the revision processes, it has submitted specific proposals for improvements aimed at safeguarding the competitiveness of Switzerland as an asset management location.
The SFA supports the objectives of the partial revision of the CISA: 1. to close gaps in the regulations, and 2. to bring it in line with the AIFM Directive so as to secure market access for the management, custody, and distribution of collective investment schemes. “We want to have the most
Many opportunities exist for the patient investor, says Thomas Becket, Chief Investment Officer, PSigma Investment Management…
We have just suffered the worst quarter for financial markets since 1928. Confidence is very low and markets are almost totally focussed on what might go wrong for the global economy.
The press and media certainly seem obsessed with trying to discover what the worst case scenario is for the global economy and financial markets. Whilst we are respectful of the downside pressures that remain for financial markets, we also believe that it is sensible to have a more balanced view of what might
The Lyxor Hedge Fund Index was down 2.86% in September. Year-to-date performance as of September 2011 is down 6.55%.
The top performing strategies over the month were Lyxor L/S Equity Short Bias Index (+2.67%), Lyxor CTAs Short Term Index (+2.29%) and Lyxor CTAs Long Term Index (+0.07%).
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 Hedge
Investment Technology Group, Inc has released a suite of algorithms for futures. The ITG futures algorithms are available via ITG’s award-winning Triton® execution management system, through the ITG Matrix®front-end and API for derivatives trading, and also via FIX connection to ITG from third-party trading systems.
"These new algorithms provide a range of flexible strategies for investors seeking to take positions or hedge portfolios using futures," says Patrick Read, ITG’s Head of Derivatives. "In developing these futures algorithms, we leveraged our long history of creating best-of-breed tools for the asset management community."
The new algorithms are an enhancement to ITG’s existing
Kinetic Partners, a global professional services firm to the asset management, investment banking and broking industry, has appointed three new professionals to its consulting team.
Patrick Crumplin, Martin Duff and Emily Benson join the Firm’s highly-regarded regulatory consulting and compliance team and all three will be based in the firm’s London office. Kinetic Partners is also delighted to announce the appointment of Angela Liotta as Global Talent Director to the Firm.
Crumplin joins Kinetic Partners as a Director, specialising in regulatory and other financial investigations and litigation support. He has over 13 years of forensic accounting, litigation support and
Alternative asset management group Gottex Fund Management Holdings Limited (Gottex), has appointed Steven Lee Hyungwk as Marketing Director for the Asia Pacific region.
Based in Gottex’s Hong Kong office, Hyungwk will play an active role in marketing and business development in the Asia Pacific region with particular focus on institutional clients. He joins Gottex from Wellington Management Company where he was a member of the marketing team since 2001 and closely involved in client management and business development in Asia, in particular
Korea, Hong Kong and China.
Max Gottschalk (pictured), Head of Gottex’s Asia Pacific business, commented: “We are very
Less than a month after ruling on certain preliminary issues, the BVI court has ruled that the Madoff-related claim brought by Fairfield is unsustainable and should be dismissed, says law firm Harneys.
In a judgment handed down in Road Town the Court held that its previous findings on the preliminary issue of consideration disposed of all but the last paragraph of the Statement of Claim which Fairfield argued was an alternative claim in mutual mistake. Although the Court expressed doubt as to whether such a claim was properly pleaded, the Court found that even a properly drafted mutual mistake claim
Concerns about new regulations did not do much to slow institutional activity in flow equity derivatives last year, but a lack of conviction on the part of equity investors kept a lid on trading volumes.
While US institutions entered the second half of 2011 expecting a pickup in trading volumes in the months to come, it remains to be seen how the recent market volatility will affect equity derivatives trading volumes.
More than a third of US institutions participating in the Greenwich Associates 2011 North American Equity Derivatives study say they expect to increase their use of flow equity
Hedge funds pulled in USD6.1 billion in August, the seventh inflow in eight months, report BarclayHedge and TrimTabs Investment Research. Hedge funds hauled in a heavy USD51.0 billion in the first eight months of 2011.
“Recent inflows might owe in part to excellent relative performance,” says Sol Waksman (pictured), founder and President of BarclayHedge. “While the S&P 500 plunged 10.6% in the four months ended August, the Barclay Hedge Fund Index decreased only 5.6%. Additionally, our preliminary data for September reveals that hedge funds outperformed the S&P 500 by more than a 2:1 margin again last month.”
Fixed income hedge funds are
