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Most hedge fund strategies posted positive returns in October despite global stock markets slipping in the second half of the month as mixed macro readings pointed to the fragility of the economy, according to a report by Lipper.
Against that backdrop there were signs that US manufacturing activity could be picking up.
At the same time, business activity increased in China and fuelled hopes that Asia may lead a global recovery.
Credit-focused and relative-arbitrage strategies navigated market volatility better than directional and event-driven strategies throughout the month.
Managed futures (-1.02 per cent) and long bias (-0.38 per cent) both posted
With a post-Madoff world fixed firmly in the rear-view mirror and new regulations on the horizon, a new report from Tabb Group describes how the role of fund administrators is now among one of the most important of hedge fund counterparties, perhaps second in importance only to prime brokers.
What investors want today, says Tabb, is more transparency and greater asset safety, which requires improvements in infrastructure for middle- and back-office operations, enhanced reporting to stakeholders and independent verification of portfolio values.
This shift in investors’ priorities is significantly altering the role and responsibilities of fund administrators and, by extension,
Kinetic Partners, a global professional services firm focused exclusively on the asset management industry, has emphasised the need for hedge fund and private equity fund advisers to take immediate action to prepare for the impending regulatory changes.
“Our survey of unregistered hedge fund and private equity fund advisers shows that as many as two-thirds have not taken the advanced steps necessary to prepare for registration. Firms need to act now in order to comply with the stricter set of rules to come, related to disclosure, infrastructure, compliance, reporting, policies and procedures,” says Neil Morris, a member at Kinetic Partners’ New
Knight Capital Group has launched Knight Link in Europe, a trading model for European equities which provides institutional and retail broker-dealers with access to Knight’s liquidity.
“We are very excited to be launching Knight Link in Europe,” says Kee-Meng Tan (pictured), managing director, head of the electronic trading group in Europe. “Knight Link is designed to bring European clients quality executions with high fulfilment rates and low cost on a low-latency platform.”
Knight Link is authorised and regulated by the UK Financial Service Authority as a systematic internaliser, in accordance with the Markets in Financial Instruments Directive. Knight Link
A federal court has entered default judgment orders against defendants Robin States and his wife Bernadette Bowden, both of Nova Scotia, Canada, and relief defendant Paul States, of British Columbia, Canada, in an action charging them with fraudulent solicitation and misappropriation in the operation of commodity pool known as Infinity Online Investors Group.
The orders, entered by the Honorable Donald L. Graham of the US District Court for the Southern District of Florida, require the trio to pay more than an equivalent of USD2.2mi in fines and equitable relief.
States and Bowden are ordered to jointly and severally pay CAD643,047
As this report went to press, the Dubai Financial Services Authority (DFSA) announced that Liongate Capital Management, the fund of hedge funds manager with over USD 2.3bn in assets under man
Only recently, a hedge fund focused on the Middle East and North Africa (MENA) took heavy exposure in Qatar, the UAE, Saudi Arabia and Egypt, in a move that suggests investment in the region is abo
For hedge funds, the timing has never been better. There are several developments in place currently to exploit the investment opportunities that are abound in the Middle East.
From an economic and investment viewpoint, the Middle East has long been a part of the emerging markets strategy of major global funds, and, over the years, it has provided significant returns as t
With institutional investors yet to fully recover from the downturn and with banks struggling to cope with liquidity issues, a different breed of investor is making its presence felt.
