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One of the main developments in the hedge fund industry over the past 24 months has been the emergence of stakeholder issues and the increased focus on transparency.
The Managed Funds Association says it is disappointed that the Securities and Exchange Commission’s short selling restrictions are not supported by empirical data.
It says most market observers agree that price declines and decreased investor confidence during the financial crisis were caused by the sudden and drastic changes in economic fundamentals, including the perceived insolvency of certain companies, and not by any short selling activity.
MFA says it fully supports the SEC’s efforts to combat manipulative short selling and other market abuses, but those activities should not be confused with legitimate short selling.
“As recognised by the SEC, short selling
Bedrock Group, the Geneva-based wealth and asset manager, has launched Bedrock Brazil with USD50m of commitments.
The fund is a multi strategy fund of hedge funds offering investors low cost access to leading Brazilian funds, some of which are closed to new investors.
The fund will be advised by Bedrock Advisors working in partnership with Brazil-based asset and wealth manager JGP, which will provide local support and market access.
The fund’s objectives are to allow investors seeking long term capital growth the opportunity to participate in Brazilian markets and to achieve risk-adjusted returns by minimising the correlation among investments in
The US Commodity Futures Trading Commission has charged Ronald W. Smith, Jr. of Vansant, Virginia, doing business as Safeguard 3030 Investment Club, with operating a Ponzi scheme involving the fraudulent solicitation of at least USD800,000 from at least 34 customers in connection with off-exchange foreign currency trading.
The CFTC complaint also charges the defendant with misappropriating approximately USD800,000 of customer funds for personal use and to pay out purported profits and with issuing false customer statements to conceal the fraudulent misuse of funds.
The Honourable James P. Jones of the US District Court for the Western District of Virginia has
The Chinese market is expected to experience growth during the next 12 months, it has been revealed.
The US is among the countries which have seen the biggest rise in distressed sales in the last 12 months, which could interest property investment funds.
Australian hedge funds fell by 1.50 per cent in January, bringing their return for the last 12 months to 15 per cent, according to Australian Fund Monitors.
Equity based funds were down 1.83 per cent in January, while non-equity based funds fell 0.98 per cent, fund of funds fell 0.36 per cent and single funds 1.70 per cent.
A summary glance at the ASX 200 over the past six months or so shows a relatively range bound picture but with plenty of intra month volatility, as evidenced by the fall in late October and again in January when the ASX
Aegon Asset Management is launching a UK Equity Absolute Return Fund which aims to capitalise on the group’s UK equity investment process.
The fund intends to provide investors with positive absolute returns regardless of the direction of UK stocks.
It will do this through investing in long and short positions in UK listed equities, with a strong focus on reducing volatility and preserving capital.
Managed by David Griffiths and David Pringle from Aegon Asset Management’s UK equity team, the fund will use the team’s stock-picking process to select assets.
The fund will consist of three portfolios: long equity, short equity
Philip Millward (pictured) and Julian Ashworth, a partner and associate respectively with Walkers’ private equity group in the Cayman Islands, argue that the environment is starting to look brighter for private equity, with fundraising becoming easier, dealmaking poised to rebound and exits becoming easier. But government tax and regulatory intervention remains a cloud on the horizon.
After 2009 ended up with the worst capital-raising environment for private equity for five years, along with a relatively sluggish buyout market, perhaps the best news for the industry is that things surely couldn’t get any worse.
Some promising signs at the start of
Ipreo, a provider of market intelligence and productivity solutions to investment banks and corporations, has acquired Markit’s certificates collection service.
As a result of this acquisition, Ipreo is launching a new offering called iCompliance.
It consists of an online library of US compliance-related certificates, including QIB, Finra 5130, and Regulation S Certificates. The library covers both equity- and debt-related certificates for both primary issuance and secondary trading.
The iCompliance library will be integrated into Ipreo’s sell-side solutions, including the equity and fixed-income bookbuild applications, as well as BD Advanced and BD Vision – prospecting and CRM applications that house Ipreo’s
