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Hedgeweek this week attended the launch of the Value Gold ETF (3081 HK) at the Hong Kong Stock Exchange.
New York-based hedge fund firm, Alternative Investment & Financial Asset Management (AIFAM), has launched a Fund of Funds – the Hedged Equity Fund – with USD17 million in in
New York-headquartered Liquidnet, the off-exchange trading platform that connects buy-side traders to liquidity pools for
Man Group, the world’s largest publicly listed hedge fund manager, has decided to start selling its Man AHL Tren
New York-based CTA Systematic Alpha Management, whose Systematic Alpha Futures program was added to Deutsche Bank’s
The use of these enhanced parameter estimates generates a significant improvement for investors in hedge funds, according to a study by Lionel Martellini, scientific director of Edhec-Risk Institute, with Giovanni Zambruno and Asmerilda Hitaj of the University of Milano – Bicocca.
The study, supported by Newedge Prime Brokerage, aims to enhance understanding of the dynamic and non-linear relationship between hedge fund returns and the returns on underlying fundamental systematic factors, and to analyse the implications for managing portfolios that include hedge funds.
Since hedge fund returns are not normally distributed, mean-variance optimisation techniques, which would lead to substantial welfare losses
Singapore Exchange says trading of American depositary receipts quoted on its GlobalQuote board has reached USD60m since the 22 October launch.
Interest in ADRs of companies with primary share listings in Hong Kong accounted for a significant portion of the activity.
GlobalQuote has a market share of up to seven per cent versus activities in the primary listing market.
Sinopec Shanghai ADRs volume totaled USD4.4m, equivalent on average to half of that traded in US markets and four per cent of its ordinary shares traded in Hong Kong. China Eastern Airlines ADRs volume totaled USD4.2m, equivalent on average to 40
Man Group’s funds under management for the six month period to 30 September 2010 totalled USD40.5bn.
This was up five per cent from the 30 June 2010 figure of USD38.5bn and ahead of the 28 September pre-close estimate of USD39.5bn.
Man says the rise is due to strong investment performance and favourable FX movements at the end of the reporting period.
AHL, Man’s quantitative managed futures manager, was up 9.0 per cent in the calendar year to 30 September and AHL’s Ucits funds Diversity and Trend also delivered returns of 6.2 per cent and 8.1 per cent respectively in
Altis Partners, an independent commodity trading adviser, has opened its Hong Kong office, Altis Partners (Asia).
This is the company’s first office outside Europe.
Altis is the first Jersey-based hedge fund manager to open an office in Hong Kong.
“This is excellent news for Jersey,” says Zhaoan Li, head of Greater China business development for Jersey Finance. “Since the establishment of Jersey Finance’s Hong Kong office a year ago, we have been tirelessly promoting Jersey’s finance industry in Hong Kong and China. Altis Partners’ new office demonstrates a growing tie between Hong Kong and Jersey, and strong demand for Jersey’s
Courage Capital Management is expanding its team of investment professionals with a focus on short and long/short equity strategies.
Courage Capital has hired Brad Weeks and James Hughes, both of whom formerly worked at Ergates Capital Management, where Weeks co-founded the firm and launched the Ergon Capital Fund in 2004.
Weeks comes to Courage with a strong background in financial analysis and hedge fund portfolio management. Prior to co-founding Ergates, Weeks was an investment analyst with Glenhill Capital Management. Weeks began his investment career with hedge fund firm Water Street Capital in early 2000.
Hughes also joins Courage from
