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Zurich-headquartered global hedge fund investment firm, GAM, launched their UCITS III-compliant Star Dynamic Global Bond fund this month.
An article in the Financial Times this week reported that some industry figures believe an alternative Ucits III-compliant vehicle could
Ex-Goldman’s banker Hideki Furusho has teamed up with a University of Tokyo professor to launch a hedge fund that trades Nikkei 22
Tano Capital, the family office of the founders of Franklin Templeton Inves
Ex-Nomura derivatives trader Go Horiuchi was able to make five per cent returns in March, despite the catastrophic earthquake, reported Bloo
David Gray, Asia Pacific head of prime brokerage at UBS, has left the firm.
ALTIN, the USD270m multi-strategy fund of hedge funds achieved a very positive investment performance in 2010 of +12.47%, easily outperforming the funds of hedge funds index, HFRI FoF (+5.67%).
ALTIN continued with a strong start to 2011, up 2.48% in the first three months of 2011, compared to +0.89% in the YTD for the HFR FoF composite Index. ALTIN holds one of the world’s longest track records as an exchange-listed fund of hedge funds. It listed in Switzerland in 1996 and in London in 2001 and has an annualised return of +7.53% since inception in December 1996.
At the
The Securities and Exchange Commission has voted unanimously to propose rules further defining the terms “swap,” “security-based swap,” and “security-based swap agreement.” The Commission also proposed rules regarding “mixed swaps” and books and records for “security-based swap agreements.”
The rules were proposed jointly with the Commodity Futures Trading Commission (CFTC) and stem from the Dodd-Frank Wall Street Reform and Consumer Protection Act.
“The proposed definitions balance several policy and legal issues in a way I believe is practical, takes into account the specific nature of derivatives contracts, and is consistent with existing securities regulations,” says SEC Chairman Mary L Schapiro
NYSE Euronext (NYX) has reported net income of USD155 million, or USD0.59 per diluted share for the first quarter of 2011, compared to net income of USD130 million, or USD0.50 per diluted share for the first quarter of 2010.
Results for the first quarter of 2011 and 2010 include USD21 million and USD13 million, respectively, of pre-tax merger expenses and exit costs. Merger expenses and exit costs in the first quarter of 2011 included USD15 million related to the proposed merger with Deutsche Boerse. Excluding the impact of these items, net income in the first quarter of 2011 was USD177 million,
The Alternative Investment Management Association (AIMA) has launched an initiative to engage with the Brazilian hedge fund industry and announced the appointment of a local representative, Michelle Noyes of BRZ Investimentos.


“The maturity and sophistication of the Brazilian hedge fund industry has been noted internationally, and what is clear is that there is not only an interest from the global industry – whether from managers, investors or service providers – in Brazil, but there is also an increasing desire from the Brazilian industry to engage and to think globally,” says Andrew Baker, AIMA’s CEO.


“As the global hedge fund industry
