Fitch Ratings says the recent wave of consolidation in the hedge funds industry leaves just a handful of candidates for large scale acquisitions. In their quest for size, alternative multi-managers now focus on organic growth. The same number of deals
Hedge funds avoiding the new Alternative Investment Fund Management Directive (AIFMD) framework due to concerns over increased compliance costs are delaying the inevitable, says Helvetic Fund Administration. According to Nicola Smith, chief executive of the Gibraltar-based hedge fund administrator, hedge funds should
A pair of former Lone Pine and Goldman Sachs executives are planning to raise USD1billion for a new Asia-focused hedge fund said sources familiar with the matter
CME Group and National Futures Association (NFA), in conjunction with the InterContinental Exchange (ICE), the Kansas City Board of Trade (KCBOT) and the Minneapolis Grain Exchange (MGEX), have formed a joint committee to review how self-regulatory organisations can strengthen current
The Credit Suisse LAB Index was up 1.40 per cent in June, according to Dr. Jordan Drachman, head of research for alternative beta strategies at Credit Suisse. The event driven strategy was the most significant contributor to performance, finishing up
Global growth should remain firm driven by economic strength in developed markets and the backdrop is supportive for higher equity prices, according to a Lyxor research view. The US economic recovery remains on track despite a drag from reduced government
Man Group has made a key strategic hire as it plans to expand the business into mainland China, recruiting one of the country’s leading businesswomen, Yifei Li, as Country Chair, Ch
Highbridge Capital Management LLC has appointed Arjun Menon as the firm’s Asia head as it looks to place more emphasis on high-yield credit, convertible bonds and volatility tra
By Marco Martins and Patrick Colegrave, Harneys – The Cayman Islands is the leading jurisdiction for the formation of alternative investment funds, having approximately 9,990 registered, administered and licensed funds under the Mutual Funds Law (as amended) of the Cayman
The Securities and Exchange Commission has brought charges against a New Jersey-based investment advisory firm and its owner for misleading investors in a collateralised debt obligation (CDO). The SEC’s enforcement division alleges that Harding Advisory LLC and Wing F. Chau
