The Dow Jones Credit Suisse Core Hedge Fund Index closed up 0.33 per cent in November as six of the seven index component strategies reported positive results for the month. Emerging markets (1.29 per cent) was the best perfumer while
The National Futures Association (NFA) has permanently barred Strategic Trading Associates, a New York-based commodity trading adviser, and temporarily barred Francis Littleton, a principal and associated person of the firm. The action is a result of an NFA complaint filed
Threadneedle has launched the Threadneedle Enhanced Commodities Fund, which will provide investors with an opportunity to invest in an actively managed long-only Ucits III fund with exposure across the commodity spectrum. David Donora, manager of the new fund, says: “Threadneedle’s
Hedge fund Diamondback Capital is to close after investors asked for the return of USD520m – more than 25 per cent of the fund’s current assets. Diamondback co-heads Richard Schimel and Larry Sapanski informed investors of the decision by letter
With the UK’s coalition completing half of its term in government, the Chancellor was under pressure to deliver more measures to stimulate growth in his Autumn Statement, says Azad Zangana, European Economist at Schroders… Facing a faltering economy largely knocked
Law firm Fried, Frank, Harris, Shriver & Jacobson has hired derivatives lawyer Robert McLaughlin as a partner in its asset management and financial services practices. McLaughlin, whose clients include investment and commercial banks, investment management firms, individual investors, corporations and
Vistra, a global trust, fund administration and corporate services provider, has appointed Anita Yu as Regional Compliance Director – North Asia, effective immediately. Anita will be responsible for the strategic direction and implementation of Vistra’s compliance strategy in the region,
Mary Chris Gay (pictured), portfolio manager of the Legg Mason US Equity Fund, explains how low inflation rates, slack in the economy and continuing high rates of unemployment have put the US in a ‘sweet spot’ of the equity investment
Alternative UCITS funds returned 0.32 per cent in November according to Geneva-based Alix Capital, provider of the UCITS Alternative Index Global. That takes YTD returns to 1.13 per cent. All but three strategies made positive gains last month. The best
The Isle of Man Government has confirmed that it will be adopting tax information sharing arrangements with the UK which will follow closely the FATCA intergovernmental agreement currently being negotiated with the US. Chief Minister Allan Bell (pictured) says: “The
