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The Securities and Exchange Commission has charged a Corinth, Texas man with securities fraud for soliciting more than USD3.45 million from several thousand deaf investors in an investment scheme that the SEC halted last year.
The SEC previously charged Imperia Invest IBC with securities fraud and obtained an emergency court order to freeze the investment company’s assets.
In a complaint filed late yesterday, the SEC alleges that Dunn, who is deaf, solicited investments for Imperia over a three-year period from others in the deaf community, promising them he would invest in Imperia on their behalf. What Dunn did not tell
Hedge fund flows as measured by the GlobeOp Capital Movement Index advanced 2.27% in September.
“Net inflows for the month were the second highest this year, and the highest for September since the Index began in 2006,” says Hans Hufschmid (pictured), chief executive officer, GlobeOp Financial Services (LSE:GO.). “It could well be that in a zero interest rate environment and a challenging equity market, a diversified portfolio of hedge fund investments is becoming an ever more attractive alternative.”
The GlobeOp Capital Movement Index represents the monthly net of hedge fund subscriptions and redemptions administered by GlobeOp. This monthly net is
For the year to 31 August 2011, all Salus Alpha Funds clearly outperformed global equity markets in a difficult environment.
The Salus Alpha Commodity Arbitrage had a performance of +9.13% for the year , while the US S&P 500 Index lost 3.08%, and the German DAX30 index lost 16.33% in the same period. This is an outperformance against the S&P 500 Index of +12.21% and against the DAX 30 Index of +25.46%.
Other products managed by Salus Alpha performed as follows for the year to date until 8/31/2011:
Salus Alpha Commodity Arbitrage: +9.13%
Salus Alpha Equity Hedged: +6.34%
Salus
HSBC has appointed former Citadel Asset Management COO Paul Hamill Hamill as global head of prime services.
Hamill who has over 20 years of financial services experience experience with a particular focus on alternative asset management, prime brokerage and financing both from a sell and a buy side perspective, will report to Cian Burke (pictured) head of prime services and co-head of securities services, and Patrick George, global head of equities. Burke’s role at HSBC has been expanded and he will now oversee HSS, Prime Services and the firm’s OTC Clearing offering.
HSBC launched it’s prime services offering in
The Hennessee Hedge Fund Index declined 3.36% in August (-1.80% YTD), while the S&P 500 declined 5.68% (-3.08% YTD), the Dow Jones Industrial Average fell 4.36% (+0.31% YTD), and the NASDAQ Composite Index decreased 6.42% (-2.78% YTD). Bonds were mixed, as the Barclays Aggregate Bond Index advanced +1.46% (+5.90% YTD) and the Barclays High Yield Credit Bond Index fell -4.00% (+1.95% YTD).
“August was a very challenging month for hedge funds as they were once again ‘whipsawed’. Hedge funds were forced to reduce exposure in order to limit losses as the financial markets plummeted. They then underperformed as the markets
Christopher Fawcett (pictured) is a senior partner at London-based Fauchier Partners, a fund of hedge funds manager with approximately USD8.1billion in AUM. As one of the trustees of the Hedge Fund Standards Board, he’s keen to point out that the Standards are not an attempt to replace regulation in any way.
“Regulation really should only be about regulating the markets more than applying different types of regulation to different market participants. The Standards are something that investors are looking at, they want to see how the money they entrust to hedge fund managers is being managed. The Standards may be
The Hennessee Hedge Fund Index declined 3.38% in August (-1.92% YTD), while the S&P 500 declined 5.68% (-3.08% YTD), the Dow Jones Industrial Average fell -4.36% (+0.31% YTD), and the NASDAQ Composite Index decreased -6.42% (-2.78% YTD).
Bonds rallied amid the volatility, as the Barclays Aggregate Bond Index advanced 1.46% (+5.90% YTD) and the Barclays High Yield Credit Bond Index fell 4.00% (+1.95% YTD).
“August was a very challenging month for hedge funds as they were once again ‘whipsawed’. Hedge funds were forced to reduce exposure in order to limit losses as the financial markets plummeted. They then underperformed
Anne Dolan, a chartered secretary with Walkers Management Services in the Cayman Islands, argues that it is telling that in the recent case regarding the collapsed Macro Fixed Income Fund, which resulted in a USD111m judgement against the fund’s independent directors, significant weight was given to documentary evidence of board meetings and the way in which these meetings were conducted.
In the case of Weavering Macro Fixed Income Fund Limited (In Liquidation) vs. Stefan Peterson and Hans Ekstrom, the Grand Court of the Cayman Islands has handed down a useful judgement that throws the spotlight firmly on directors and the
Major market dislocations in August, as investors pulled risk firmly off the table by dumping equity positions on the back of ongoing economic woes, meant that UCITS
AXA Investment Managers has added to its family of bond funds by launching a Europe-focused short duration bond fund.
