In the first merger of a licensed hedge fund using the recently-enacted Companies (Amendment) Law 2011 of the Cayman Islands, a merger between BTG Pactual Banking Limited into BTG Pactual S.A., gives BTG Pactual S.A., a Brazil domicile, even though the banking operations are now conducted through a Cayman branch of the same company. “The ability of our client to […]

Lee Hennessee, Managing Principal of Hennessee Group “Hedge funds are underperforming for the year as the investment environment remains challenging for alpha generation. While managers generated gains in long portfolios as equity markets continued to rally, shorting continues to work against hedge fund managers, detracting from performance.” Charles Gradante, Co-Founder of Hennessee Group “Over the past couple months, the markets […]

By Don Steinbrugge, Chairman at Agecroft Partners Large Endowments and Foundations were early adopters of hedge funds in their portfolios with many allocating approximately 50% of their asset allocation. However, in the two years following the financial markets meltdown, these same investors stayed primarily on the sidelines for new hedge fund allocations. Over the past 6 months, Agecroft Partners has […]