Latest News
A leading natural gas group has announced that it is to grow its production volumes at the maximum of its existing target range, which could interest hedge fund managers investing in this sector.
Rogge Capital Management has appointed Henrik Strabo as a portfolio manager and director of global emerging markets.
Founded in 2000, Rogge Capital is an equity hedge fund manager based in Austin, Texas, with over USD200m in assets under management.
Strabo brings nearly two decades of investment experience as an analyst, portfolio manager, and chief investment officer. Most recently, he was the chief investment officer at Clay Finlay, the global equity boutique, from 2006 to 2009.
From 1993 to 2005, he held a number of positions at American Century Investments including chief investment officer, international equities, overseeing a broad range of
Fitch Ratings says the hedge fund industry performed well in quarter four 2009 and experienced a return of net new money inflows.
The broad HFRI composite index was up 2.7 per cent in the quarter and 20 per cent over 2009.
Overall, 2009 saw the best hedge fund performance for a decade, according to Fitch’s "Fund of Hedge Funds Quarterly – Q1 2010" newsletter.
The hedge fund industry is experiencing fundamental changes to its business model and in its relationship with investors.
"The development in 2009 of Ucits-compliant hedge funds, designed as a vehicle to provide both institutional and retail
Hedge funds have been increasingly looking to the UK when investing in real estate, an expert has claimed.
Aksia, a provider of hedge fund research and advisory services, has appointed Bruce Ruehl and Jaeson Dubrovay as partners in the Americas advisory team.
Ruehl is highly regarded in the alternatives industry and has 26 years of financial markets experience.
His last 16 years were focused on hedge fund research, hedge fund portfolios and the management of institutional client relationships.
In 2001, Ruehl founded the boutique fund of hedge fund business, Gleacher Fund Advisors, in a joint venture with Gleacher Partners. As chairman and chief investment officer, he built the business to a peak of USD800m, with a majority of
The recent tightening of China’s economic policy could present a good opportunity for hedge funds, it has been claimed.
Highland Capital Management, an investment management firm based in Dallas, Texas, has closed its CLO Value Fund I with a gross return of 138 per cent to its investors.
Highland launched the CLO Value Fund I in November 2008 to primarily invest in secondary collateralized loan obligation debt and equity.
Highland thought it would be prudent to close the fund and return all capital to its investors in order to realise gains. The fund originally had a 2014 maturity date.
Gibran Mahmud, portfolio manager of the CLO Value Fund I, says: "Coming off the success of our first CLO Value
CME Group has reported fourth quarter GAAP revenues of USD667m and GAAP operating income of USD402m.
Fourth quarter net income on a GAAP basis was USD203m and diluted earnings per share on a GAAP basis were USD3.04.
The 2009 GAAP results reflect the operations of Chicago Mercantile Exchange, Board of Trade of the City of Chicago and New York Mercantile Exchange and include reductions in net income of USD22m, consisting of an impairment charge of USD24m on its investment in the Dubai Mercantile Exchange and net favourable impacts to net income of USD2m related to the ERP settlement.
The 2008
Ignis Asset Management has entered into a partnership with Castle Hill Asset Management.
Castle Hill is a credit investment manager with more than USD2.0bn of gross assets under management.
These assets include sub-advisory mandates from Ignis invested across two leveraged loan portfolios as well as one long-short credit portfolio.
Castle Hill has also launched the Castle Hill Total Return Fund, a hedge fund focused on opportunistic credit strategies and capital structure arbitrage. The fund has been seeded with approximately USD50m of capital by Castle Hill employees and associates.
Ignis will hold a 49 per cent interest in Castle Hill and
Long/short equity headed the list of investable Alternative Investment Indices in February, with a month-to-date performance of 0.37 per cent.
The indices are provided by Alternative-Index and listed on the Vienna Stock Exchange.
Since the beginning of the year the outperformance of the Long/Short Equity Index against the S&P500 is 3.26 per cent, and 5.06 per cent against the DAX30.
The LSX outperformed its peer, the HFRX Equity Hedge Index, by 1.21 per cent month-to-date.
The LSX is an investable benchmark of the performance of the alternative investment sub-strategies long/short equity long bias, long/short equity variable bias, long/short equity
