Hedge Funds
GlobeOp: Hedge Funds Close 2011 On A Positive Note
Hedge fund flows as measured by the GlobeOp Capital Movement Index advanced 1.55% in December. “December closes the year on a positive note with net inflows of 1.55 percent, driven primarily by healthy subscriptions,” said Hans Hufschmid, chief executive officer, GlobeOp Financial Services. The GlobeOp Capital Movement Index represents the monthly net of hedge fund subscriptions and redemptions [...]
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 [...]
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 [...]
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 [...]
A Guide to Technology Outsourcing for Hedge Funds
Hedge funds are looking to expand their offerings and enhance productivity in today’s economy, and one means for this is outsourcing. The 24-page guidebook, A Guide to Technology Outsourcing for Hedge Funds,was created by Pershing Prime Services and Eze Castle Integration to serve as a roadmap for hedge fund managers looking to understand the various options [...]
Goldman Sachs Director Faces Charges In Hedge Fund Insider Trading Case
One of Goldman Sachs’ former directors, Rajat Gupta, is turning himself over to the FBI today, the Guardian reports. Gupta faces insider trading charges as an unindicted co-conspirator in the criminal case against hedge fund manager Raj Rajaratnam. So far he denies any wrongdoing. “Any allegation that Rajat Gupta engaged in any unlawful conduct is totally baseless.” [...]
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