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Venus Capital Management, Inc. has launched a new Event-driven fund, the Venus Special Situations Fund, focusing on opportunities in India.
The RBC Hedge 250 Index® had a net return of -0.47 per cent in June bringing the year-to-date return of the Index to 4.96 per cent.
In his semi annual "Humphrey Hawkins testimony" Bernanke’s outlook boosted equity markets as investors warmed to the idea that Federal reserves series of interest rate rise ma
Morningstar, Inc has entered into an agreement to acquire the institutional hedge fund and separate account database division of InvestorForce, Inc.
Pennsylvania-based InvestorForce is a financial software and data integration company. The acquisition will strengthen Morningstar’s institutional offering, adding 450 institutional clients, creating one of the largest proprietary hedge fund and separate account research platforms including both the AltvestTM database, one of the first and largest online databases covering active hedge funds, managers, and data, along with InvestorForce’s extensive institutional separate account database. It also includes several online software applications for manager search, research, and reporting.
Combined with Morningstar’s existing
SunGard has consolidated its offices in London, Paris, Frankfurt and Zurich, Europe’s largest financial centres.
Harold Finders, group chief executive officer of SunGard’s Financial Systems business in Europe, said: ‘SunGard is coming together to better serve its customers. Several months ago SunGard announced its collaborative technology strategy – the Common Services Architecture – helping SunGard solutions work with each other. Now we are announcing changes to our day-to-day working environment and work practices that will help collaboration between business units. An office infrastructure that supports our business strategy is a major achievement and is symbolic of a new chapter in
Reuters and CME have announced the first group of financial institutions that will participate in their joint venture FXMarketSpace Early Adopter Program.
Merrill Lynch Investment Managers (MLIM) has appointed Eilín O’Carroll to its Product Development Team overseeing the launch of new funds and services.
Crude Oil prices retreated in the session and the market took a higher than expected PPI number in its stride .
Commerzbank Capital Markets Corporation and CML have mutually agreed to terminate the Sub Advisory Agreement whereby CML, via Philippe Bonnefoy, provided investment advice to Commerzbank’s
The First State Investments Global Resources Long Short Fund Limited was soft closed to new business at the end of June 2006.
The fund now totals over USD 317m (as at 10 July 2006), and the investment strategy has been managed by David Whitten, Head of Global Resources Equities since 13 August 2004, returning 100.4% (since launch on 13 August 2004. The investment strategy was managed as a segregated mandate from 13/08/2004 to 31/03/2005 when all assets were transferred into the First State Investments Global Resources Long Short Fund Limited), according to a statement from the firm.
The fund is
