Monthly Archives: April 2012
Hedge Fund Association backs JOBS Act
HFM week – The Hedge Fund Association (HFA), an international organisation that represents hedge funds, service providers and investors, has endorsed US President Barack Obama’s signing of the Jumpstart Our Business Startups (JOBS) Act last week, saying that emerging managers […]
Hedge Funds Cut Wagers as Fed Signals Less Stimulus: Commodities
Bloomberg – Hedge funds reduced bullish bets on commodities for a second consecutive week as the Federal Reserve signaled it may refrain from more monetary stimulus, increasing concern that growth will slow and curb demand for raw materials. Money managers […]
Hedge funds lag the market, again
CNN – So far in 2012 investors would have done better putting their money in a low-cost stock index fund than the average hedge fund. In the first three months of year, the average hedge fund returned 4.6%, after fees, […]
Wilmington Trust Launches Multi-Strategy Hedge Mutual Fund
New York (HedgeCo.net) – Wilmington Trust has launched a new mutual fund, Wilmington Rock Maple Alternatives Fund, which provides exposure to a diverse set of alternative strategies. The new fund is managed by Wilmington Funds Management Corporation (WFMC), a Wilmington Trust company, […]
New IFSB Guidelines Focus on Islamic Bank Risk
Reuters – The Islamic Financial Services Board has published new guidelines on liquidity and stress-testing, seeking to reduce the balance sheet risk of Islamic financial institutions in line with a tightening of standards in conventional banking. The guidelines are the […]
HedgeCo Networks Names Former UBS Managing Director Brett Langbert as President and COO
New York (HedgeCo.net) – HedgeCo Networks (HedgeCo), the pioneering hedge fund database and advisory firm, today named Brett Langbert President and Chief Operating Officer. Langbert, who spent 17 years on Wall Street covering hedge funds across a multitude of sectors […]
Hedge Fund Marketing Ban Erased With Stroke Of Obama’s Pen
An 80-year-old rule that has prevented the hedge fund industry from advertising to the public became history on Thursday, when President Barack Obama signed a wide-ranging jobs-creation bill that also abolished the longstanding ban. The JOBS Act seeks to do […]
Hedge funds cut positions as Fed signals less stimulus
(Bloomberg) — Hedge funds reduced bullish positions on commodities for a second consecutive week as the Federal Reserve signaled it may refrain from more monetary stimulus, increasing concern that growth will slow and curb demand for raw materials. Money managers […]
Hedge funds keep a lid on leverage
Financial Times – Since 2010s introduction of the so-called Volcker rule, Wall Street’s banks have moved fast to drop some of the most prominent vestiges of their past success: their proprietary trading operations. Banks once dominated bond and equity markets […]
Long/short equity, multi-strategy hedge funds enjoy their best quarter since Q3 2009
New York (HedgeCo.net) – After experiencing the best start to a year since 2000, hedge funds paused for a breather during March, delivering a marginally negative performance. With the exception of the US, most markets across the globe registered declines […]
Ex-Trader McCrudden Gets 28 Months in Prison for Threats
Bloomberg – Vincent P. McCrudden, a former New York commodities trader, was sentenced to two years and four months in prison for threatening to kill federal financial regulators. McCrudden, 51, who pleaded guilty last year, was sentenced today by U.S. District Judge […]
The Dow Jones Credit Suisse Core Hedge Fund Index Closed Down 0.82% in March
The Dow Jones Credit Suisse Core Hedge Fund Index closed down 0.82% in March as most of the index component strategies reported negative results for March. The Dow Jones Credit Suisse Core Hedge Fund Index provides daily published index values […]