Latest News
Ignis Asset Management has confirmed this week that it plans to launch a government bond fund at the end of March.
- 06/03/2011
The US Commodity Futures Trading Commission (CFTC) has filed an anti-fraud enforcement action against defendants David L Ortiz of Vero Beach, Florida, and his companies, Goyep International, Inc, of Vero Beach, Florida, and Royal Returns, Inc, of Hollywood, Florida, charging them with operating a fraudulent off-exchange foreign currency (forex) scheme that accepted funds totalling at least USD420,000 from at least 10 customers.
None of the defendants has ever been registered with the CFTC.
The CFTC complaint, filed on February 23, 2011, in the US District Court for the Southern District of Florida, alleges that the defendants misappropriated at least USD232,000
- 06/03/2011
PineBridge Investments has announced the appointment of Arthur Lau as Managing Director, Head of Asia ex-Japan Fixed Income.
Lau, who will be based in Hong Kong, will head the firm’s Asian fixed income capabilities, focusing on managing local fixed income investment strategies for cash unit trusts, pension funds and other client portfolios. Lau will lead a team of eight fixed income specialists who are based in Hong Kong, Korea, Singapore and Taiwan. He will be a member of PineBridge’s Emerging Markets and International Fixed Income team, providing strategic insight into the Asian fixed income markets.
Lau has more than
- 06/03/2011
Horizon Cash Management has named Jill King as a partner. King, who also holds the titles senior vice president and senior portfolio manager, is responsible for directing all trading, operational and research functions.
As partner, she will expand her role by helping to execute Horizon’s strategy and will further develop ways to achieve Horizon’s short term and long term goals.
Pauline Modjeski (pictured), president and executive managing partner, Horizon Cash Management, says: “Jill has made many significant contributions to the success of our business, bringing an increased level of experience to our trading desk and making investment and strategy decisions
- 06/03/2011
- 06/03/2011
New hedge fund launches continued at a steady pace through the end of 2010, as new fund offerings outpaced fund liquidations for the first time since 2007, according to data released today by HFR Hedge Fund Research.
Launches totalled 935 in 2010, topping each of the prior two years and completing the best year for launches since 2007, when nearly 1,200 new hedge funds launched. The fourth quarter saw 220 new funds launched, completing a strong calendar year despite being the second lowest quarterly launch total in the last six quarters.


Hedge fund liquidations totalled 743 in 2010, the fewest
- 06/03/2011
Threadneedle is to launch the Threadneedle (Lux) European Smaller Companies Absolute Alpha Fund. The UCITS III fund will give manager Philip Dicken (pictured) and his team flexibility in strategy and fund positioning and will offer investors access to an investment vehicle focused on alpha-generation in a regulated format.
Threadneedle has a broad range of absolute return products and strategies, and has more than 10 years’ experience in single strategy hedge funds. Alongside his proven shorting experience and track record of generating alpha under different market conditions, Philip has achieved first quartile performance on his long-only Threadneedle Pan European Smaller Companies
- 06/03/2011
Northern Trust (Nasdaq:NTRS) has been appointed by Stenham Asset Management, a leading global fund of hedge funds manager with USD3.5 billion in hedge fund assets under management to provide custody, fund administration, credit and foreign exchange services.
Stenham Asset Management will be using Hedge Fund Monitor, Northern Trust’s integrated online portfolio management tool, to provide information and analytics to its hedge fund of fund portfolios. The tool will provide high levels of transparency into the performance and liquidity of Stenham Asset Management’s portfolios of hedge fund investments and is updated through an online reporting system on a daily basis.
“We
- 06/03/2011
Ignis Asset Management is to launch the Ignis Absolute Return Government Bond Fund at the end of March. The fund will target net returns of 2% to 3% per annum in excess of cash2 by actively trading a portfolio of global government bonds and currencies.
The Ignis Absolute Return Government Bond Fund will be managed by Head of Rates, Russ Oxley, and Chief Economist, Stuart Thomson, and will be the first retail proposition from Ignis’s Rates Team, which manages in excess of GBP28 billion on behalf of institutional investors.
For the first time, retail investors will be able to access
- 06/03/2011
The US Commodity Futures Trading Commission (CFTC) has obtained more than USD700,000 in restitution and civil monetary penalties in a federal court order against Jeffrey Shalhoub of Staten Island, NY, and his company, Jeff Shalhoub Investments (JSI) of Long Island City, NY, in connection with the fraudulent operation of a commodity futures Ponzi scheme.
The consent order, entered by the Honorable Joanna Seybert of the US District Court for the Eastern District of New York on February 23, 2011, requires Shalhoub to pay USD241,900 in restitution and a USD463,500 civil monetary penalty. The order also permanently bars Shalhoub from engaging
- 04/03/2011
As anticipation builds in response to one of Asia’s largest ever launches, ex-Goldman’s trader Morgan Sze has chosen the three prime brokers for hi
- 03/03/2011
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