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Emerging markets hedge funds posted industry-leading gains in 2010, led by funds with regional exposure to Russia and the Middle East, according to Hedge Fund Research, Inc (HFR).
As a direct result of these gains, assets invested in emerging market (EM) hedge funds increased by nearly USD10 billion in the fourth quarter to end the year at more than USD114 billion, approaching the record level of AUM for EM hedge funds set in 2007.
The HFRI Emerging Markets (Total) Index gained 11.79 per cent for 2010, topping the gain of 10.30 per cent for the HFRI Fund Weighted Composite
100 Women in Hedge Funds (100WHF) is to offer 10 Chartered Alternative Investment Analyst (CAIA) scholarships each year for the next five years through their newly formed 100 Women in Hedge Funds Institute.
These scholarships will be sponsored by Pacific Alternative Asset Management Company, LLC (PAAMCO) and are the inaugural educational scholarships for the Institute, which was created to provide 100WHF members with unique educational opportunities and scholarships. Recipients who complete the program will earn their CAIA designation: the only professional designation focused exclusively on alternative investments.
The globally recognised CAIA designation demonstrates mastery of alternative investment concepts, tools, and
The brains behind a computer model designed to run an option replication strategy for the Nordea 1 – Heracles Long/Short MI fund, Nader Purschaker, has left Met
Continuing on from the end of 2010, the stock market started the New Year at a steady pace. In a context of implicit volatility (19.5%) that was slightly on the rise but still below 20%, the S&P 500 index (+2.27%) registered a fifth consecutive month of profits.
The fixed-income market also seemed more reasonably animated, illustrated by a stable Lehman Global Bond Index (-0.03%). With a moderate loss, regular bonds (-0.34%) remained in negative territory for a third consecutive month, whereas convertible bonds (+1.65%) generated a profit that was less spectacular than the previous month’s.
The commodity market (+3.71%) continued
Palmer Square Emerging Manager, LP has provided USD30 million of capital for a seed investment with Cypress Capital Management, a fundamentally-driven, long/short investment firm based in San Francisco, CA, primarily focused on the global consumer/retail and technology, media and telecommunications sectors.
In addition to securing strategic investment capital, the relationship provides Cypress with access to the distribution channels of Atlantic and Montage.
"Cypress has an excellent track record across all phases of the economic cycle," says Christopher D Long, president of Palmer Square. "Our investment in Cypress represents an exciting strategic move for our Emerging Manager Fund and our limited
In a new publication entitled “Making the most of UCITS IV – A flexible approach by Management Company profile”, asset servicing provider, CACEIS, sets out the business development and restructuring opportunities for management companies under the forthcoming UCITS IV regime as of 1 July 2011.
The guide separates management companies according to their profile, from new UCITS market entrants to experienced promoters. For each profile, our experts analyse possible strategies for the management company relating to opportunities created under UCITS IV, establishing solutions to reach business objectives. The guide also examines issues such as cross-border distribution, and restructuring of
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