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LandAndBuildings, a property long/short equity fund, has hired two new investment professionals – David Kruth and Corey Lorinsky.
Kruth has joined the firm as Principal and Co-Portfolio Manager focusing on international property. Previously, he was Vice President and Co-Portfolio Manager of the USD2.5 billion Global Real Estate Securities Funds at Goldman Sachs Asset Management where he oversaw global investment for five years. David also spent eight years as Portfolio Manager and Senior Analyst at both Citigroup Property Investors and Alliance Capital Management where he invested in REITs and other public real estate related companies in the U.S. and internationally.

“I’ve known
MF Global Holdings Ltd. (NYSE: MF), a broker-dealer providing trading and hedging solutions, has announced the pricing of an underwritten public offering of USD325 million aggregate principal amount of 3.375% Convertible Senior Notes due 1 August, 2018. MF Global also granted the underwriters a 30-day option to purchase up to an additional USD45 million aggregate principal amount of convertible notes. The offering is expected to close on 2 August, 2011, subject to customary closing conditions.
The convertible notes will be the senior, unsecured obligations of MF Global Holdings Ltd. and will bear interest at a rate of 3.375% per annum,
Buried in the recent consultation paper on the Alternative Investment Fund Managers Directive (AIFMD) are stringent rules on pay that will have far reaching consequences for the asset management industry, say experts at PwC.
The rules, from the European Securities and Markets Authority, will affect alternative investment firms which escaped the FSA’s regulations on bank pay, including many private equity houses and hedge funds. They will also mean more onerous restrictions for those investment firms already caught by the FSA requirements, and could even hit some firms outside Europe.


The rules are in line with those introduced to other
Maurice ‘Chip’ Perkins, one of the founding members of diversified alternative asset manager MKP Capital Management, is to retire from the firm with effect from the end of 2011.
In addition, Anoop Dhakad and Katherine Plavan are to lead MKP Capital Management’s global client development and investor relations efforts. The formal elevation of Dhakad and Plavan is part of MKP’s long-term succession planning and will enhance client service for the firm’s global investor base.
"Chip has played an integral role in growing the firm into what it has become today and we wish him the best," says Patrick McMahon, MKP’s
Barclays Capital, publisher of leading broad market bond benchmarks, has launched the Barclays Capital Fiscal Strength Weighted Bond Index family, a new suite of benchmark indices that uses fundamental measures of fiscal sustainability to adjust country weights within existing government bond indices.
This new index family is the latest in a series of alternative weight benchmarks in the Barclays Capital index platform and widens the choice for investors beyond existing flagship indices which weight index eligible securities by their market value.
“While market value weighted indices remain the market standard for fixed income indices, some investors favour alternative weight indices
It was only a meteoric end to 2010 that saw Paulson & Co post positive returns for the year.
Asia Hedge Fund 25, the sixth annual ranking published by Institutional
Hedge funds choosing to become family offices, thereby closing themselves off to outside investors, has been strong this week.
Dutch hedge funds on average lost -2,15% in June, as measured by the Finles/IEX Dutch hedge fund index. Losses were roughly in line with other liquid hedge fund indices (Deutsche Bank and Lyxor).
June proved to be a difficult month for hedge fund as equity, government bond and commodity indices all retreated. Greek government debt and other issues worried investors enough to prefer cash over investments.
The global hedge fund market experienced net inflows in June, for the seventh month in a row. The net inflow in June was $2,6 billion (source: Eurekahedge).
The best performing Dutch hedge fund this year is the Tradewind Equity Fund, managed
