Europe’s hedge fund industry does not pose systemic risk – AIMA

London – The Alternative Investment Management Association (AIMA) – the global hedge fund industry association – has welcomed the hedge fund survey published by the UK’s Financial Services Authority which concluded that the industry does not pose a systemic risk and features relatively low levels of leverage. “As the UK is home to 80% of Europe’s hedge fund industry, these […]

Eurekahedge February 2010 Hedge Fund Highlights

* The size of global hedge fund industry currently stands at just under US$1.5 trillion – assets expected to hit US$1.68 trillion by the end of 2010. * Distressed debt hedge funds returned 2.51% for January, making it the 10th consecutive month of positive returns, gaining 44.01% over this period. * European long/short equity hedge funds delivered 0.76% in January, […]

World Finance Exchanges & Brokers Awards 2010

London – The World Finance Exchanges and Brokers awards recognise the results of the top performing Brokers by region. Congratulations to the winners, a selection are listed. Western Europe Online Broker of the Year: DIF Broker (Portugal) Discretionary Brokerage of the Year: Investment Bank of Greece (Greece) Small Cap Broker of the Year: Neonet AB (Sweden) Eastern Europe Online Broker […]

New Hedgebay Index Gives Investors Insight into the Market for Illiquid Assets

Hedgebay Trading Corporation has launched a new monthly index that will give the hedge fund industry a detailed insight into the average discount or premium to NAV that investors are paying for assets that have no contractual redemption rights to investors, such as “side-pockets” or for hedge funds that have suspended redemptions. The Hedgebay Global Illiquid Asset Index (“IAI”), is […]

Tomlinson & Hedge Fund Journal to launch a portal dedicated to UCITS-compliant hedge funds

With interest spiking in the UCITS hedge fund arena and a number of new funds being planned and launched, Tomlinson Investment Consulting is teaming up with The Hedge Fund Journal to launch UCITS Hedge, a new portal dedicated to UCITS-compliant hedge funds. The portal will carry news, commentary, interviews, fund data and other information, the launch date is set for […]

Obama’s 2010 Tax Proposals: What’s New, What’s Old

By Steven M. Etkind and Roger D. Lorence The Treasury Department has released its explanation of the President’s February 2010 tax proposals. Many of these proposals, in enacted, would significantly impact the tax position of many readers. These proposals largely repeat the proposals issued in May 2009, which we described in the President’s Budget Proposals.  The President proposes that the […]

Hedge Fund Index Returned -0.18% in January 2010

RBC Capital Markets today reported that for the month of January 2010 the RBC Hedge 250 Index(R) had a net return of -0.18%. This brings the year-to-date return of the Index to -0.18%. These returns are estimated and will be finalized by the middle of next month. The return for December 2009 has been finalized at 0.73%. The RBC Hedge […]

Institute for Global Asset and Risk Management Launches Educational Portal

The Institute for Global Asset and Risk Management (INGARM) is launching an online library and continuing education center featuring current research on investment management, risk management, economic trends and regulatory frameworks. Garry B. Crowder, INGARM Director, said, “Our goal is to support a global education and research initiative that provides academic research and intelligent discourse on current economic, regulatory and […]

Survey: 1 in 10 Hedge Funds Plans to Change Fund Administrators This Year

A recent survey by TKS Solutions revealed that 10% of hedge funds have considered switching administrators during the past 12 months due to issues stemming from timeliness and accuracy of partner and shareholder accounting reports. “Based on feedback from our hedge fund customers,” Ronald Kashden, President of TKS, said, “We discovered that many administrators were still struggling under the weight […]

Long/Short Equity Hedge Funds Outperformed Broad Equity Indices in January

Based on January performance for the Credit Suisse Long/Short Liquid Index (“LAB Long/Short Liquid Index”), Long/Short Equity funds posted negative returns in January but outperformed global equity indices, according to Jordan Drachman, Head of Research for Alternative Beta Strategies at Credit Suisse. Dr. Drachman noted, “The LAB Long/Short Liquid Index was down 1.46% for the month as managers struggled to […]

C.P. Eaton Partners 2010 Global Fundraising Outlook

It’s back to 2004 levels for fundraising, asset valuations and underwriting standards… United States • The economic downturn of 2009 severely impacted the fundraising industry, reflected by the lowest levels of capital commitments since 2004. As a result, the amount of time taken to raise a fund increased significantly, averaging approximately 18 months (twice as long as in 2005), as […]

The “Volcker Rule”

Obama: “We simply cannot accept a system in which hedge funds or private equity firms inside banks can place huge, risky bets that are subsidized by taxpayers and that could pose a conflict of interest. And we cannot accept a system in which shareholders make money on these operations if the bank wins but taxpayers foot the bill if the […]

AIMA Statement On Obama’s U.S. Banking Proposals

Andrew Baker, CEO of global hedge fund association, the Alternative Investment Management Association, (AIMA) said in a statement regarding Obama’s coming banking proposals, “We look forward to learning further details of the President’s banking proposals, because many of the specifics are not yet clear. Although the proposals could create welcome opportunities for the global hedge fund industry we are concerned […]

Hedge Funds Hit a High Note: 2009 Industry Review

Credit Suisse Tremont Index LLC released a new research piece, “Hedge Funds Hit a High Note: 2009 Industry Review,” that examines hedge fund performance in 2009 with a focus on the key factors that contributed to the turnaround seen in the industry last year. 2009 marked the best annual hedge fund performance in a decade (as measured by the Credit […]

Hedged Equity Investing Pays Off for Investors

Hennessee Group LLC, a consultant and adviser to direct investors in hedge funds, announced today that the Hennessee Hedge Fund Index gained +88.30% over the last decade (January 2000 to December 2009), while the S&P 500 declined –23.33%, the Dow Jones Industrial Average fell –9.30%, and the NASDAQ Composite Index declined –44.24%. “With one of the most challenging decades coming […]