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The Lyxor Hedge Fund Index was down 0.42 per cent in January 2010.
The top performing strategies over the month were L/S Credit Arbitrage Index, up 2.10 per cent, L/S Equity Short Bias Index, up 1.55 per cent, and L/S Equity Market Neutral Index, up 1.51 per cent.
The worst performing strategy in January was CTAs Long Term Index, which fell by 3.12 per cent.
Also posting negative results were CTAs Short Term Index, down 1.93 per cent, Global Macro Index, down 1.27 per cent, and L/S Equity Long Bias Index, which fell 0.65 per cent.
The Lyxor Hedge Indices
Frédéric Bilas has joined European Fund Administration as the forthcoming NAV operations director.
After a transition period of six months, he will replace Jean Paul Thomas on 1 July 2010, when the latter retires.
Bilas will then also become a member of the executive committee.
Bilas began his career at J.P. Morgan in Brussels and London, and then moved to Accenture Luxembourg as senior manager financial services.
Afterwards, he was assistant manager of the organisation department of the Banque et Caisse d’Epargne de l’Etat in Luxembourg before joining Dexia BIL where he was head of securities until the end of
A Ucits convertible bond fund launched by Jabre Capital Partners, the multi-strategy hedge fund led by Philippe Jabre, and Swiss private bank Pictet has attracted commitments of EUR805m.
It marks the biggest debut ever in the rapidly expanding Ucits hedge fund sector.
The PF (Lux) Convertible fund launched on 1 February and closed just a week later. It has received around EUR760m to date with the additional commitments to come.
The fund is charging a 20 per cent performance fee with no hurdle and a high water mark. Pictet appointed Jabre to manage the fund in January.
The allocations have
We are conducting a survey of the Hedgeweek readership to assess the best hedge fund performers and service providers during 2009 in a range of categories covering the entire hedge fund space. Managers and service providers are welcome to nominate their own funds/firms – with relevant justification. The response so far to the survey from our 56,000 readers has been significant, so send your nominations to us asap.
The results from this survey will be presented in aggregate and all individual answers will remain confidential. The awards, which will be backed by editorial coverage and global news distribution, represent a
Gold prices ran up to USD1,032.70 per oz in March 2008, following fears of inflation as oil prices ran up to USD147 per barrel. Following the credit crunch, gold subsequently fell to a low of USD682.41 in October 2008. It has currently rebounded and is trading around USD1,200.00 per oz.
With the current global economic uncertainty, Central Banks around the world have co-ordinated their efforts in combating deflation. Deflation is very difficult to bear, especially when their countries are heavily indebted. As a result, Central Banks are using all their policy tools at their disposal to prevent deflation. So far,
Beset by a rash of federal regulatory scrutiny, a born-again securities cop, and politicians eager to rein-in excesses of the financial sector, the hedge fund industry is assembling a united
The U.S. Securities & Exchange Commission (“SEC”) has significantly increased its examination and enforcement efforts in recent times.
Insparo Asset Management has bucked the industry trend by offering shorter redemption terms for Africa & Middle East fund.
The Insparo Africa & Middle East Fund returned 31.4 per cent in 2009, outperforming the MSCI Frontier Markets Index which returned seven per cent over the same period.
Insparo says the dislocations caused by the economic landscape have allowed the fund to take advantage of value opportunities across its target markets. This strategy has enabled the fund to outperform the underlying indices while preserving liquidity.
The fund previously had a two-year lock in period, but Insparo believes it is in the
Och-Ziff Capital Management has reported a GAAP net loss for the fourth quarter and full year ended 31 December 2009 of USD47.2m, or USD0.58 per basic and diluted class A share, and USD297.4m, or USD3.79 per basic and diluted class A share, respectively.
The company has also declared a USD0.58 per share fourth quarter cash dividend on its class A shares.
Distributable earnings for the 2009 fourth quarter and full year were USD281.4m, or USD0.69 per adjusted class A share, and USD355.3m, or USD0.88 per adjusted class A share, respectively.
Assets under management were USD23.5bn as of 1 January 2010,
DB Climate Change Advisors, the climate change investment and research business of Deutsche Bank’s asset management business, and Nasdaq OMX Group have introduced the DB Nasdaq OMX Clean Tech Index.
The index gives a real-time representation of the global clean technology sector with exposure to clean energy, energy efficiency, transport, waste management and water companies.
This is the first clean technology index co-branded by a global exchange company and a global bank.
The index is comprised of 119 companies identified by DB Climate Change Advisors from a global universe of around 4,000, each with at least a third of revenues
