Monthly Archives: September 2012
SS&C GlobeOp Hedge Fund Performance Index for August 2012 measured 0.83%
New York (HedgeCo.net) – SS&C GlobeOp announced that its Performance Index for August measured 0.83%. Year-to-date performance stands at 6.76% (gross). Other highlights include: · Current month, flash estimate 0.83%* · Year-to-date (YTD) performance 6.76%* · Last 12 month (LTM) […]
South African Hedge Fund Rules Proposed by National Treasury
Bloomberg – South Africa’s treasury and the Financial Services Board have proposed hedge fund regulations aimed at protecting investors and promoting financial stability. So-called restricted hedge funds, which are limited to qualified investors, and retail hedge funds “will be subject […]
Rich-Poor Gap Widens to Most Since 1967 as Income Falls
Bloomberg – The U.S. Census Bureau figures released yesterday underscored the struggles of American families in a sputtering economic recovery. The report also showed the income gapbetween rich and poor people grew to the widest in more than 40 years in 2011 as […]
British Ponzi Victim Payouts Lost on Fish, Ferraris
The Guardian – Police searched Kevin Foster’s home in 2004, looking for signs of a criminal lifestyle — fast cars or piles of cash. What they found, at the end of a narrow country lane in rural England, was a private zoo […]
Hedge fund launches fall to six-quarter low
Pensions & Investments – Hedge fund launches in the second quarter declined 19% to 245, the lowest level of quarterly fund creation since the fourth quarter of 2010, according to new data released Thursday by Hedge Fund Research, an index creator and […]
Prosecution to open case against former UBS trader Kweku Adoboli
The Guardian – The prosecution in the trial of a City banker accused of gambling away £1.4bn is due to open on Friday. Kweku Adoboli, 32, will appear at Southwark crown court to face two counts of fraud and two of […]
Fairfax loses lawsuit against U.S. hedge funds
Toronto Star – A New Jersey judge has tossed out an $8 billion lawsuit filed by Toronto-based Fairfax Financial Holdings Ltd. against U.S. hedge funds accusing them of conspiring with analysts and researchers to drive down Fairfax’s stock price. Superior […]
India-focused hedge funds give negative return
The Hindu Business Line – Investment in India-focused hedge funds is no longer the lucrative proposition it used to be. In 2012 year-to-date, India hedge funds have posted negative returns of 0.9 per cent. In contrast, the Sensex has faired […]
The Alpha Cooperative and EAB Investment Group Bring Enhanced Risk Management Techniques to Hedge Fund Industry
New York, New York, September 12, 2012 The Alpha Cooperative, LLC (“TAC”), a provider of turn-key institutional infrastructure for asset management firms, today announces a strategic alliance with EAB Investment Group (“EAB”). The complexities in managing risk across the full […]
August Euro Rally Catches Currency Funds by Surprise
WSJ – Investors were unprepared for the euro’s dramatic rebound in the month of August, hurting performance at currency-focused hedge funds. A widely watched index of currency funds fell 0.85% in August from the previous month, as investors holding bets […]
WSJ Launches App for iPhone and iPad
Press Release – The WSJ has launched a universal app for both iPad and iPhone, available for download in the iTunes store, with a subscription. “The new Wall Street Journal app is now in the company of our first universal app, WSJ […]