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Although Australia’s hedge fund sector has not entirely escaped the damage, it has outperformed the local index by over ten per cent year-to-date to record a small loss of 0.98 per cent.
The first six months of the year were difficult for equity markets in general with the ASX200 falling 11.69 per cent and the S&P500 down 7.57 per cent.
Australian Fund Monitors recorded a 0.71 per cent loss for all funds in June, with equity based funds down 0.90 per cent and non-equity based funds down 0.40 per cent.
Across the industry, performance has been mixed. The best performing
Ignis Asset Management has launched the Ignis UK Enhanced Income Fund.
The fund, which soft launched on 27 July 2010, employs a covered call strategy to generate additional income from stocks listed in the UK.
Managed by Martin Brown, who also runs the GBP97.6m Ignis Higher Yield Fund, the Enhanced Income Fund sells call options against stocks in the fund to boost the yield generated by the underlying portfolio.
In its first year the fund will target an annual yield of approximately seven per cent, with the target adjusted annually within a range of five per cent to nine per
A federal court in New York has entered a consent order of permanent injunction and equitable relief against Paul Greenwood of North Salem, New York.
The US Commodity Futures Trading Commission charged Greenwood with operating a USD1.3bn investment scam in which he and co-defendant Stephen Walsh, of Sands Point, New York, misappropriated at least USD553m from commodity pool participants in connection with entities they owned and controlled, such as Westridge Capital Management, WG Trading Investors, and WGIA.
The consent order, entered on 28 July 2010 by the US District Court for the Southern District of New York, permanently bars Greenwood
Hedge funds as measured by the Greenwich Global Hedge Fund Index cut net exposures and limited the losses experienced by markets in June.
The index shed 0.84 per cent compared to falls in the S&P 500 Total Return of 5.23 per cent, the MSCI World Equity 3.56 per cent, and FTSE 100 5.23 per cent
Forty two per cent of constituent funds in the Greenwich Global Hedge Fund Index ended the month with gains.
The best performing strategy in June was short-biased, which rose by 4.4 per cent.
The strategy recording the biggest loss was opportunistic, down 1.9 per cent.
Advent Software, a provider of software and services for the investment management industry, is making Capital IQ and Tamale RMS data available via a single dashboard view.
The new dashboard combines fundamental and quantitative company data, offered by Standard & Poor’s Capital IQ, with the investment firm’s own proprietary research data through Tamale RMS.
The integration aims to help investment professionals to more effectively analyse companies across sectors, industries, portfolios and watch lists to quickly focus on investment opportunities with the highest potential return.
The Capital IQ platform is a web and Excel-based research product that combines information on companies,
Interactive Data, a provider of financial market data, analytics and related solutions, has been acquired by investment funds managed by Silver Lake and Warburg Pincus.
Pursuant to the terms of the agreement entered into on 3 May 2010, Interactive Data’s stockholders will receive USD33.86 in cash, without interest, less any applicable withholding taxes, for each share of Interactive Data common stock they own.
In conjunction with the transaction, Interactive Data’s common stock will no longer trade on the New York Stock Exchange and will be de-listed accordingly.
Ray D’Arcy, Interactive Data’s president and chief executive officer, says: "The completion of
The US Commodity Futures Trading Commission has charged Robert Mihailovich, Sr., and Growth Capital Management, both of Rockwall, Texas, with fraudulent solicitation in connection with the trading of commodity futures contracts and leveraged foreign currency.
Mihailovich, Sr., is a felon who was on supervised release while he was soliciting for and operating Growth Capital Management.
The CFTC’s complaint also charges that Growth Capital Management, a registered commodity trading adviser and a commodity pool operator, and Robert Mihailovich, Jr., also of Rockwall and the listed principal and registered associated person of Growth Capital Management, made false statements in required regulatory filings
Ucits IV is on everyone’s lips: depending on whom you talk to.
Despite getting off to a rocky start, the Dublin-domiciled Merrion European Absolute Return Ucits III Fund appears to hav
Since launching in November 2009, Schroders’ Global Alternative Investor Access (GAIA) platform has positioned itself firmly in the Ucits space.
