BlackRock, Inc has reported full year diluted EPS of USD12.37, up 17% from 2010. Fourth quarter 2011 net income of USD555 million was down 7% from third quarter 2011 and 16% from a year ago. Operating income for the fourth
GLG Partners, the investment manager division of Man Group, has made a series of appointments in Asia to form a long-short equities team focused on fundamental stock picking. Based in Hong Kong, the team will be co-managed by David Mercurio,
Seeking returns across a multi-speed world was the theme of the annual Schroders UK Institutional Conference held at the British Museum in London last month. Over 150 attendees including pension fund clients and consultants were given insight into the
Only 17 per cent of investors feel that prime brokers are the most important hedge fund service provider, according to a survey by Corgentum Consulting, a provider of hedge fund operational due diligence reviews. Administrators (33 per cent) and
Meeting performance expectations is the number one challenge facing institutional hedge fund investors in 2012. At least that’s according to SEI’s fifth annual global survey entitled: The shifting hedge fund landscape: Part I of II, which the US firm conducted
Altegris Clearing Solutions has added BofA Merrill Lynch’s futures and options and OTC clearing unit to the roster of futures clearing firms with which it maintains introducing relationships. BofA Merrill Lynch is the eighth leading futures commission merchant (FCM)
PineBridge Investments has signed an agreement to invest in, and provide services to, Method Holdings (Method), a financial holding company focused on aggregating the wealth management subsidiaries of “Top 100” CPA firms. The PineBridge-Method partnership is designed to bring PineBridge’s
The Dow Jones Credit Suisse Hedge Fund Index finished down 0.40 per cent for the month of June. The top-performing sub-strategies in June were equity market neutral (0.93 per cent), fixed income arbitrage (0.76 per cent) and multi-strategy (0.48 per
Independent hedge fund managed account platform and risk analytics provider HedgeMark, an affiliate of BNY Mellon, has repositioned two of its managing directors to oversee business development efforts in specific regions of the world. Jean-Francois Crousillat, a managing director at
June proved difficult for CTA strategies, according to Newedge’s monthly performance data for its suite of hedge fund indices. "Risk-on" movements in the first three weeks and final days of June hurt CTA positions, which were generally structured to benefit
