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Counterparty risk exposure has been something of a boon for Deutsche Bank’s prime finance division in Asia.
Superfund, the Vienna-based managed futures firm established by Christian Baha in 1995, is planning to increase alliances with Japan’s major securities broke
As Singapore ushers in the New Year, so a new chapter beckons for Hiroshi Yoh (pictured) who has decided to join one of the Lion City’s hedge fund managers, Janus Cap
For Patrick O’Brien, a partner of ADM Capital Europe LLP, Kazakhstan holds investment potential into distressed companies every bit as huge as the country.
New York-based Tiger Asia Management, one of the so-called “tiger cubs” that received seed capital from Julian Robertson, has expressed its disappointment at the fund&r
GMP Investment Management is to launch of the GMPIM Equity Opportunities Fund (EOF), a long/short equity fund that focuses on the Canadian and US investment universe.
EOF will adhere to GMPIM’s overall investment goals, which are to preserve investors’ capital, manage volatility and provide attractive returns. The fund will implement five core strategies – with broad sector representation – able to take advantage of all market conditions. Portfolio Managers Keith McLean (pictured) and Daniel McClure have over 30 years of combined capital markets experience and will manage the fund.
"The objective of the EOF is to generate superior risk-adjusted
NYSE Euronext (NYX) has announced plans to harmonise its range of indices in Paris to further enhance visibility and liquidity for both issuers and investors.
The changes have been approved by the Expert Indices Committee of NYSE Euronext in Paris and will take effect on 21 March 2011. They include extending rules used to manage the CAC 40 index to all market-wide indices for NYSE Euronext in France, removing some indices with limited added value, and revising others to better represent the market’s three main segments: small, medium-size and large capitalisations.
The CAC 40 is the leading benchmark for
The US Commodity Futures Trading Commission (CFTC) has obtained more than USD84 million in disgorgement and civil monetary penalties in a federal summary judgment order against defendants Charles E. Hays and his company, Crossfire Trading, LLC (Crossfire), both of Rosemount, Minnesota.
Judge Donovan W Frank of the US District Court for the District of Minnesota entered the order requiring the defendants to pay USD19,977,250 in disgorgement and a USD64,779,751 civil monetary penalty for operating a commodity pool Ponzi scheme from January 2001 to February 2009.
The order stems from a CFTC complaint filed on February 5, 2009, charging Hays
The vast majority of hedge fund professionals are bullish about assets growth in 2011, according to a survey by AlphaMetrix.
Some 83% of those questioned at AlphaMetrix’s 2011 Summit said they expected to see asset growth of more than five per cent in the coming year with Managed Futures, Event-Driven and Global Macro seen as the strategies that are most likely to do well in 2011.
Nearly a third (30%) of investors plan to invest in a hedge fund mutual fund or ETF structure in 2011, while 14% of managers plan to create a hedge fund mutual fund or ETF
Returns for Credit Suisse’s Liquid Alternative Beta Indices suggest that hedge funds experienced positive performance in January, according to Jordan Drachman, Head of Research for Alternative Beta Strategies at Credit Suisse.
Drachman says: "The Credit Suisse Liquid Alternative Beta Index (CSLAB) generated positive performance in January, returning 0.18% for the month. Three out of four LAB sector indices posted gains as managers utilised a number of diverse strategies which generated positive returns across both equity and credit markets. The LAB Merger Arbitrage Liquid Index posted the highest returns in January (+1.66%) after posting returns of 8.04% in 2010."
