The UCITS HFS Index loses -0.14% in the third week of trading in April and is down -0.23% month to date (by business day 15, May 20th, 2011). Out of the eleven sub-strategies only four reported positive numbers, the biggest winners being Global Macro (+0.18%), Credit (+0.15%) and Fixed Income (+0.11%). These modest gains were not enough to counterbalance the […]
The U.S. Department of the Treasury issued the following statement from Secretary Tim Geithner following the resignation of Dominique Strauss-Kahn as Managing Director of the International Monetary Fund (IMF). “As Acting Managing Director, John Lipsky will provide able and experienced leadership to the Fund at this critical time for the global economy. We want to see an open process that […]
On April 1, 2011, the U.S. Securities and Exchange Commission (SEC) updated its response, “Staff Responses to Questions About the Custody Rule” (the “FAQ”), which provides responses to questions about the rule 206(4)-2 (the “Custody Rule”). Hedge fund law firm Rothstien Kass reported. One particular FAQ, VI.8B, provides guidance to investment advisers who manage pooled investment vehicles that invest in […]
– The UCITS Alternative Blue Chip Index is down -0.19% this week, due mainly to a negative performance of its commodities and CTA constituents following the sharp decline in energy prices. Those strategies account for more than a half of this week’s losses. – 52% of the funds in the index recorded a negative weekly performance. – On a month-to-date […]
The Grand Court of the Cayman Islands has ordered a free standing Mareva injunction, an order never before granted in the Cayman Islands. “This case follows a modernizing trend, which is to be greatly welcomed, and is a significant contribution to cross-border co-operation and protection,” said Ogier Cayman Partner and Head of Litigation, Chris Russell, who together with Rachael Reynolds, […]
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 […]
More than 100 fund managers, all from the US and predominantly along the Northeast corridor, responded to the survey which measured fund activity, debt availability and portfolio fund performance, among other items. Forecast for First Half 2011: More Fund Activity and More Debt Financing Available; Limited Partner/General Partner Relationship Under Increased Scrutiny. The Pulse of Private Equity results show a […]
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 […]
Dow Jones Indexes, a leading global index provider, announced The Global Dow, which measures the stock performance of 150 of the world’s leading companies, will become the underlying index for State Street Global Advisors’ SPDR® Global Dow ETF, effective May 2, 2011. The equally weighted 150 stocks in The Global Dow are selected by an Averages Committee comprised of the […]
Based on the close of trading on April 26, the global Dow Jones Islamic Market Titans 100 Index, which measures the performance of 100 of the leading Shari’ah compliant stocks globally, gained 2.99% month-to-date, closing at 2397.07. In comparison, the Dow Jones Global Titans 50 Index, which measures the 50 biggest companies worldwide, posted a gain of 2.46%, closing at […]
GlobeOp Financial Services AuA has increased by 12%, to a record $167 billion in the quarter 31 December 2010, to 31 March 2011. It has increased 46% in the past 12 months. Cash totalled $73 million (unaudited) as at 31 March 2011, a $26 million increase, 54%, since March 2010. The Company will make its planned dividend payment relating to […]
According to a new hedge fund industry study, Sizing The 2010 Hedge Fund Universe: A PerTrac Study, the single-manager hedge fund industry recovered in 2010 with assets under management (AUM) increasing 11% over 2009 to $1.6 trillion. 1,184 new funds were launched, representing a 51% increase over the prior year. Total AUM for single-manager hedge funds and fund of funds was $2.1 […]
The Financial Industry Regulatory Authority (FINRA) has issued an alert to warn investors about pre-IPO scams purporting to offer access to shares of Facebook, Groupon, Twitter and Zynga. These companies have millions of subscribers and have dramatically changed the way people interact. But social media has also become the latest hook on which con artists can hang a scam. In […]
The Eurekahedge Hedge Fund Index was up 0.2%1 in March, with the year-to-date return at 1.33%. This makes March the ninth consecutive positive month for the hedge fund industry, as managers navigated successfully through turbulent market conditions. The MSCI World Index was down 1.53%2 during the month. Below are the highlights for March: – Strong launch activity was witnessed in […]
May 26, 2011 to be “Dow Jones Industrial Average Day”
The City of New York has proclaimed May 26, 2011 to be “Dow Jones Industrial Average Day” in recognition of the iconic index’s 115th anniversary. Founded on May 26, 1896 in New York City by Charles Dow, one of the founders of The Wall Street Journal, the Dow Jones Industrial Average has evolved from 12 stocks published for readers of […]