Man Investments, one of the world’s largest providers of hedge fund investments, today announced the opening of its Canadian operations.

Quaesta Capital AG has launched a new currency only fund of fund tailor made to meet the needs of Swiss pension funds.

Last night the Dow Jones finished the session  down 121 points  the negative sentiment and was aided by weakening technology shares  the Nasdaq composite index which was down 38 poin

New Star Asset Management is launching a new closed end London-listed investment company targeting an absolute return of LIBOR plus 600 to 1000bps. Ravi Anand, New Star’s head of structured products said: ‘New Star Absolute Return brings together all of New Star’s hedge fund talent in one fund.  The Fund benefits from active management at all levels, a focus on risk management and a single layer of fees.  We have been marketing the Fund for the last few weeks and it has received a fantastic response from potential investors who see the benefits of diversifying their portfolios into absolute return

Eze Castle Integration, Inc has entered into an agreement with Network Appliance, Inc. to deliver NetApp storage solutions to hedge funds.

Arthur L Weiss has joined Group G Capital Partners, LLC, co-managing its distressed fund as well as contributing to the firm’s market neutral credit fund.

AIMA and Simmons and Simmons have produced a report on Italy’s hedge funds market suggesting how its hedge funds industry can plan for the future. Emma Mugridge, Director of AIMA said: ‘Italy has been one of the pioneers of the European hedge fund industry and it has created a structure that meets investor transparency and regulatory need. This survey has identified some of the issues that it now needs to address before it can move on with its market development. None of the findings of the survey are impossible to address and we hope this survey will act as a

Niagara Capital Partners is launching a new feeder fund the Friedberg Global Macro Hedge Fund Ltd.

Indeed Wall Street rallied to close up some 33 points having spent  most of the session in a negative state.