Buoyed by a strong equity-market rally, hedge funds performed well during the past quarter, according to the Brighton House Q3 report. Investors gravitated towards event-driven hedge funds throughout the third quarter, 2009, primarily in the merger/risk arbitrage and distressed fixed-income areas. Brighton House Associates (BHA) is an alternative investment research firm that speaks to investors across the globe about their […]
StoneCross Capital has been approved as the first U.S.-based asset management company that creates and customizes Shariah-compliant insurance-linked longevity products, and provides advisory services to global financial institutions with longevity product initiatives directed to Islamic investors. In meeting Shariah legal guidelines, StoneCross Capital has created an opportunity for institutions in the Islamic community to diversify their holdings and satisfy future […]
If you’ve talked to a hedge fund manager for any amount of time, the topic of prime brokers will come up. One of the fundamental issues when setting up a hedge fund is finding a prime broker who will fit your balance of price vs. services rendered. Earlier in the month Alex Thompson wrote an insightful article on Mini Primes […]
Crude Oil: This week we closed up $2.75 at $72.04. We have a Sell Signal as of now. The market has not been able to take out $75. Until it can take out $75, we should maintain a negative view on the market. It should have advanced to new highs in the upper $70’s, or low the $80’s, but it failed to do that. Upside momentum ran 26 weeks but has now turned negative and this bull market look to be over Continue reading
There are a lot of factors that come into play when trying to determine what group of websites get the most traffic. Many people have used the “Reach” statistic from Alexa.com to determine how much traffic that a website receives. The inherent problem with Alexa is that it estimates the traffic based on the number of people who use the […]
By Steven M. Etkind and Roger D. Lorence The Internal Revenue Service (“IRS”) has done taxpayers a favor in Revenue Procedure 2009-41 (“2009 Procedure”) by greatly extending the due date for making retroactive elections for entity classifications (known as the “check-the-box” regime) in cases where the election was missed. In the fund world, this most often occurs in the case […]
Cerberus denies talk of fund defaults – Reuters Reuters reports Cerberus Capital Management yesterday dismissed market speculation that some of its hedge funds, which have suffered losses and heavy redemptions, are in danger of default. Traders in London and Frankfurt were buzzing with talk that a major hedge fund was headed for default. Much of the talk was directed at […]
There have been many questions about the Hedge Fund Lock-ups which were announced by Cerberus Capital today. Many of the explanations & by the major media outlets have been unclear if not incorrect. Image / CC BY 2.0 One of the main misconceptions with most of the articles presented in the media is that the Lockups will affect existing hedge […]
The SEC has just released the information below regarding the actions it will take in the wake of the Madoff scandal. Pillsbury is sponsoring a program in San Francisco on this topic, October 8, 2009. In the wake of the Madoff fraud, the SEC’s Office of the Inspector General launched an internal investigation in December 2008 to determine why the […]
West Palm Beach (HedgeCo.net) – The Hedge Fund Journal’s Funds of Hedge Funds GLOBAL50, produced in association with Newedge Prime Brokerage Group, reports that minus a few exceptions, funds were happy to participate in the survey and submitted their assets under management figures as at 30th June 2009, which goes some way to prove that funds are taking the issue […]
The SEC has come out with permanent rules to solve the problem caused by naked short selling. The pivotal problem is the exploitative danger of manipulation of volatility and resulting down spiral. The problem with regulatory approaches is a preference to add patches onto a bad system instead of re-engineering the whole system (for instance, The Federal Reserve System). The […]
Market and Diesel Fuel Hedging Discussion
Considering the Crack Spreads, the best place to Hedge is in the Crude Oil. Continue reading →