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There are still plenty of attractive opportunities in the Asian markets that warrant hedge funds’ attention, it is believed.
China has rejected claims that the renminbi is currently undervalued, hedge funds looking at the country may be interested to discover.
Campbell’s chief investment officer Kevin Heerdt is leaving the firm to pursue other interests.
Heerdt has directed Campbell’s research efforts in recent years and was supported by a team of mathematicians and scientists who will remain with the firm.
Going forward, management of the research and investment process at Campbell will be conducted by an investment committee chaired by Campbell’s vice chairman Bruce Cleland.
Other members of the investment committee will be research director Xiaohua Hu and chief operating officer Will Andrews.
Hu has worked at Campbell for 17 years, during which time he has played a key
The Newedge Volatility Trading Index fell by an estimated 2.01 per cent in February 2010.
This follows an estimated fall of 1.18 per cent the previous month.
From 1 February 2010, the Cassiopeia Fund has been included in the Newedge VTI calculation.
The number of constituent funds is 12.
The funds are: Acorn Derivatives – Absolute Return Offshore; AM Investment Partners V Fund; BAM Opportunity Fund; Bay Hill Capital Fund; CAAM Funds Volatility World Equities; Cassiopeia Fund; JD Capital – Tempo Volatility Fund; Lyxor G-Multi USD; KBD Capital Partners LP, Class B; Maple Leaf Macro Volatility Fund; MM Capital Select
Dr Richard Reid (pictured), director of research at the International Centre for Financial Regulation in London, says the controversy surrounding the role of credit default swaps in allegedly aggravating Greece’s fiscal problems illustrate differences between countries in Europe and beyond on the priorities for financial sector reforms.
One of the persistent issues facing the implementation of international regulatory reform of financial services is the danger of regulatory arbitrage. Given the volume of global capital flows, the ease with which the financial sector can adapt, and, in some cases, the political will of some countries to either underpin or promote their
The US Commodity Futures Trading Commission has obtained a preliminary injunction against defendant Ronald W. Smith, Jr., doing business as Safeguard 3030 Investment Club, of Vansant, Virginia, after a federal court held at hearing where the defendant also appeared.
The order, arising from a CFTC anti-fraud enforcement action against Smith filed on 23 February 2010, continues the asset freeze the court entered against Smith at the outset of the CFTC’s action.
The order also prohibits Smith from further violations of federal commodities law.
The CFTC’s complaint charges Smith with fraudulently soliciting at least USD800,000 from customers and misappropriating customer funds
Over 200 UCITS hedge funds have now been launched in Europe with many more in the pipeline. As the trend continues to grow, tighter regulation is needed both to protect retail investors and the UCITS brand.


A new paper by PricewaterhouseCoopers (PwC) titled, ‘Future Newcits regulation?’ includes some of Europe’s leading regulators giving their opinions on this growing trend, as well as views on the current conflict between welcome innovation and the need to carefully manage retail investor protection.


“Many European hedge fund managers are increasingly seeking to launch their own Newcits,” says Olwyn Alexander, Head of Alternatives, PricewaterhouseCoopers (Ireland).
Asia’s economies have emerged much more speedily than those of Europe and North America from the global financial crisis and economic downturn, so one might expect the continent’s
Asia’s hedge funds sector had been growing in importance long before the financial crisis. While hedge fund managers and other financial services companies grapple with the uncertainties posed by proposals for tighter regulation of their businesses in the US and the EU, such as the draft Private Fund Investment Advisers Registration Act and the proposed Directive on Alternative Investment Fund Managers, jurisdictions such as Hong Kong are poised to take advantage and are witnessing an increasing number of relocations and start-ups, both from within the region and outside.
Among the main factors that support fund managers in Hong Kong
