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It was only a meteoric end to 2010 that saw Paulson & Co post positive returns for the year.
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
State Street Corporation and InfraHedge, a UK-based company providing an independent governance and risk management infrastructure for institutional investors to invest in hedge funds through managed accounts, have formed a new strategic alliance marked by State Street’s majority equity investment in InfraHedge.
As the growth of institutional investment in hedge funds continues, managed accounts are increasing in popularity as a mechanism for institutional investors to obtain more transparency and insight into risk exposure. State Street will add InfraHedge’s managed account platform, which is aimed at global institutional investors, including pension funds, endowments, funds of hedge funds, wealth managers and
BNP Paribas Corporate and Investment Banking has unveiled its global Prime Brokerage platform, which utilises the bank’s footprint worldwide, financial strength and market-leading technology to provide clients with a global approach to financing, execution and servicing. This platform will enable the bank to clear and custody assets in nearly every market as well as offer margin financing in 31 markets and in 13 currencies.
This new development by the Global Equities and Commodities Derivatives team, draws on BNP Paribas’ established risk expertise and innovative culture and brings sophisticated products to a broader range of clients. BNP Paribas Prime Brokerage clients,
Two fast-growing San Francisco based law firms, Cole-Frieman LLP and Mallon PC, are to combine their businesses. The new firm, known as Cole- Frieman & Mallon LLP, will be a boutique generalist firm focusing on hedge fund managers and hedge fund investors.
Karl Cole-Frieman and Bart Mallon will be co-managing Partners of the eight person firm, which is headquartered in San Francisco and has a satellite office in New York. With 215 clients in the hedge fund industry, the firm also managed over 100 hedge fund launches in the last two years.
Cole-Frieman & Mallon LLP provides advice on
SunGard’s APT has been voted best risk management software at the Hedgeweek USA Awards 2011. The Hedgeweek Awards for excellence among hedge fund managers and service providers honoured the US industry’s best performers and their ability to demonstrate consistency and depth of expertise against a backdrop of a more complex, but also potentially more rewarding, investment climate.
SunGard’s APT was recognised as "Best Risk Management Software" for its robust factor-based risk methodology and its excellent client service. The award was decided by the votes of Hedgeweek’s nearly 20,000 US-based subscribers, who include institutional and high net worth investors as well
Peter Moore, head of regulation & compliance, The IMS Group, is not expecting other hedge fund managers to follow George Soros’ lead in turning his firm into a family office…
The announcement that George Soros will no longer manage outside investors’ money may well be partly as a consequence of the current volume of regulatory change. The Soros firm would had to have registered with the SEC (by March 2012) along with hundreds of other asset managers, including firms outside the US and here in the UK. However, as the Soros firm currently comes close to qualifying for the “family office