Archive for November, 2011
HFR Emerging Markets Hedge Fund Industry Report for Third Quarter 2011
Emerging markets hedge funds posted strong performance gains in October, reversing sharp losses from September as emerging market (EM) economies and assets continue to experience volatility relating to the European sovereign debt crisis. The HFRX Total Emerging Markets Index gained +4.1 percent in October following a decline of -5.0 percent in September; while intra-month volatility [...]
Newly Launched HFRX Korea Hedge Fund Index gains +8.3% in October
HFR has launched the HFRX Korea Index, comprised of hedge funds investing primarily in Korea and the latest addition to HFR’s comprehensive suite of HFRX EM and Asian hedge fund benchmarks. This new index reflects the increased growth and influence of hedge funds in Asia, and specifically the growth of investors and hedge funds located in Emerging Asia. [...]
Two Cold-Callers Sentenced To Over 5 Years For $18 Million Hedge Fund Fraud
William Shternfeld and Benjamin Koifman have been sentenced in a NY court to 63 months each in prison for participating in a conspiracy to defraud investors of more than $18 million through a fraudulent hedge fund, the FBI reports. Both men pled guilty to one count of conspiring to commit mail and wire fraud. Manhattan United States [...]
Hedge Funds Reported up 1.1% to 1.73% in October
The Dow Jones Credit Suisse Hedge Fund Index posted its largest monthly gain since April and finished up 1.73% in October. A new monthly commentary offers insight into hedge fund performance through the month of October. Some key findings from the report include: Equity and credit based strategies such as long/short equity, emerging markets, event [...]
New Micro-Blogging Data Product For Hedge Funds
Gnip Inc announced a partnership with StockTwits, launching Gnip MarketStream, a product designed to incorporate the most relevant social media data streams into a single solution for hedge funds and high-frequency traders. “While the use of social media data by the investment community has included news analysis and equity research, the primary adoption of social media across [...]
SYZ & CO Global High Yield Launch
Swiss banking group SYZ & CO has launched the OYSTER Global High Yield, a new fund of hedge funds investing in high yield fixed income investments. OYSTER Global High Yield is managed by hedge fund, a high yield manager based in the US with an excellent track-record. The fund, run by US group Seix Investment [...]
Swiss Hedge Fund Firm Collaborates With UBS For New Launch
SYZ & CO, affiliate SYZ Asset Management, is supplementing its alternative management offering with a managed accounts platform (segregated funds), which is now available in addition to its existing tailored alternative mandates and funds of hedge funds. SYZ Asset Management intends to make this new service a benchmark in its field. The platform, which is [...]
Sadis & Goldberg Hedge Fund Advisers Tax Alert
Exempt reporting advisers (“ERAs”) must prepare and file Form ADV Part 1A with the SEC and comply with certain other reporting and recordkeeping requirements under the Investment Advisers Act of 1940 (“Advisers Act”), such as §204A (insider trading prohibitions), §206 (anti-fraud provisions) and Rule 206(4)-5 (pay-to-play rules). ERAs are investment advisers to hedge funds and [...]
Hedge Fund People Moves: Man Appoints Yifei Li as Country Chair, China
Hedge fund giant Man Group plc is establishing its presence in China with the appointment of Yifei Li as Country Chair, China. Li has 18 years of senior management experience, having successfully led the expansion of several multinational companies in China. “This appointment signals the importance of China to Man’s future development.” Peter Clarke, Chief Executive [...]
Industry Insight From The Mizuho-Eurekahedge Index
Coinciding with the launch of the Mizuho-Eurekahedge Index, the first Mizuho Eurekahedge Indices Analysis Report has been released. The report examines global hedge funds through the lens of the Mizuho-Eurekahedge Index, which gives a fresh perspective on the hedge funds industry. This is because the new index is what is known as ‘asset weighted’ and [...]
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