Hedge Fund Blogs From HedgeCo.Net

Jason Scharfman, author of  Hedge Fund Operational Due Diligence, and Managing Partner at Corgentum Consulting, LLC., has released a new study of operational due diligence trends. “We gathered data from over 200 hedge fund allocation organizations and noted trends in their due diligence processes. The paper also looks at the effects of fraud in guiding investor operational due diligence.” Scharfman […]

In response to growing demand by hedge funds for independent safekeeping of their assets, BNY Mellon has been chosen by Goldman Sachs International (GSI) to provide a segregated sub-custody service to GSI’s prime brokerage clients through Montague Place Custody Services (“MPCS”). “Prime brokers are looking to trusted providers like BNY Mellon to deliver a seamless offering that will safeguard their […]

Credit Suisse Prime Services has ranked #1 for the second consecutive year in the 2010 Global Custodian Prime Brokerage survey, earning more Best in Class awards than any bank. Among the clients surveyed for the 17th annual survey, Credit Suisse emerged as a leader in scores awarded for reputation. Other highlights include: — #1 in the global league tables — […]

Credit Suisse and Dow Jones signed an agreement which covers the calculation, licensing, branding and marketing of the hedge fund indexes formerly known as the Credit Suisse/Tremont Hedge Fund Indexes. Under this agreement, the indexes will be branded Dow Jones Credit Suisse Hedge Fund Indexes, and Dow Jones Indexes will calculate, distribute and market the indexes, while Credit Suisse affiliates […]

The beginning of summer is upon us so it’s time to get out of the office to enjoy a beautiful night on the terrace at Sentry Centers Midtown East, Thursday, June 24th, 2010. At the HedgeCo.Net Summer Networking Event, investors, hedge fund managers, and other industry professionals can come together to enjoy a night of sharing ideas and meeting new […]

Russell Investments has added new specialist resources in the Americas, Europe and Asia Pacific. Joining Russell’s Sydney office is Samantha Steele, who has been hired as a senior research analyst focused on real estate and private equity manager research in Asia, Australia and New Zealand. Steele has a decade of experience working in the U.K. and European property markets, most […]

The SEC announced today that it passed the proposed circuit breaker rules for all exchanges. It released separate orders for FINRA and other SROs and electronic trading exchanges. As a primary component of the rules, circuit breakers will now be triggered if a stock falls 10 percent or more within a five-minute period. In that situation, trading in the security […]

Linedata Services has been named ‘Hedge Fund Technology Provider of the Year’ at the 2010 International Custody and Fund Administration’s (ICFA) American Service Provider Awards. “Linedata Services is honored to receive this recognition of our efforts as a hedge funds solutions provider,” said Annie Morris, Managing Director of Linedata Services North America. “This award recognizes our innovations over the past […]

If investment managers are to navigate the intricacies of pending new European regulations, they cannot look at each regulation in isolation, Northern Trust said in a new whitepaper released today. Funds regulation: A brighter distribution future? “Europe’s supervisors are looking for ways to get more investors involved in the market and to keep them involved, while providing a framework for […]

After two positive months the UCITS HFS Index lost 1,08% in May 2010 after a challenging month for the financial industry. The loss of 0,27% in week one was followed by a slight win in week two of 0,14%, before the broad index took a hit in week three losing 1,26%, the biggest downward movement this year so far. The […]

Leading hedge fund administrator, Custom House, today announced the introduction of the Chariot Dealing Platform, to complement its existing Reporting Platform. The new Chariot dealing platform is in the form of an online dealing portal for existing shareholders in Custom House administered funds — designed to increase security and operational efficiency for the funds’ existing investors and managers. It will […]

“AIMA, as the global hedge fund association, fully supports the regulatory goals of the EU’s Alternative Investment Fund Managers Directive. It is desirable both to increase transparency and to improve systemic risk assessment in the interests of financial stability.” Andrew Baker, CEO at AIMA, said. “However, we are concerned that many of the proposals in the texts of the Directive […]

Optimists predicting a hedge fund rebound finally have some strong indicators to point to, according to Ellen Schubert, Deloitte’s Asset Management Services Adviser. “Despite the potential for a higher cost of doing business that comes with regulation, we are seeing more start ups – and with less money,” Ellen said, “As recently as six months ago people said you couldn’t […]

ALTIN, the $280 million fund of hedge funds listed on the London and Swiss stock exchanges recorded an investment performance of +13.57% in 2009, outperforming the HFRI FoF Index, which recorded +11.55%, and has had a strong start to the year, up +3.75% YTD to 26 April 2010. The discount of the share price to its NAV per share was […]

Washington – The U.S. Department of the Treasury today announced the next steps in its plan to sell approximately 7.7 billion shares of Citigroup common stock. To enable such sales, Citigroup has filed a prospectus supplement with the Securities and Exchange Commission covering Treasury’s sale of this common stock. Treasury will begin selling its common shares in the market in […]