Hedge Funds Review
Hedge fund investors divided on SAC probe
SAC hopes to put an insider trading probe by the US Securities and Exchange Commission behind it after agreeing to pay a record fine, but hurdles still remain
Hedge fund managers challenged to provide investor solutions, not products
Hedge funds are under pressure to differentiate and explain their worth concludes a survey by SEI. Managers need to work with investors to find portfolio solutions rather than offer products
Commodity trader CF Partners launches first hedge fund
CF Partners, active in the commodities market since 2006, has launched a long/short equity hedge fund after hiring Alvaro Ventosa from Spanish fund manager Cygnus Asset Management
Primes push synthetics as Basel III bites
Synthetic benefits
English court decision highlights difference with Cayman law
Derivative claims are a way for fund investors to sue a fund’s manager. A recent English court decision highlights the contrast between limited partnership derivative claims in England and in Cayman
Apex offers low-cost option for hedge fund start-ups
Apex Fund Services is providing start-up hedge fund managers with a range of options to keep costs down, including free office space in several major cities around the globe. It will also offer advice
Alternative Ucits shaken by regulatory changes
Esma guidelines for Ucits funds and the introduction of the AIFM directive are casting doubt over the future shape of the alternative Ucits industry as demand for the products remains strong
Cyprus bail-out does not stop long-term problems for euro
The eurozone faces mounting political and social tensions. Its latest policy moves on the Cyprus bailout are likely to exacerbate the situation as longer-term problems remain, concludes Saxo’s Hardy
Hedge funds face dilemma of implementing socially responsible investing
Responsible investing challenge
Hermes makes first hedge fund acceleration investment
Hermes has partnered with private equity company Northern Lights Capital Group to create an acceleration capital fund. Its first investment is in a credit long/short fund run by US-based Taurasi
Hedge funds split on outlook for junk bonds
Split on junk
AIFM directive unlikely to cause significant changes in Cayman
The Cayman Islands Monetary Authority has opened negotiations with Esma on a co-operation agreement on the EU’s AIFM directive. Separately, its consultation on hedge fund directorships has closed
Talent fuels growth of Asian hedge fund industry
Asian advancement
Elkhorn Fund: Sanborn Kilcollin Partners
Fighting the Fed
Ucits hedge funds continue to underperform hedge funds
Ucits hedge funds underperform hedge funds
Hedge funds fall short on compliance
Operational due diligence analysts find more red flags in hedge funds’ compliance and regulatory functions than any other area
China introduces registration for hedge funds
Amendments to China's Securities Investment Funds Law, effective from June 2013, will for the first time recognise hedge funds. This could lead to the establishment of a Chinese hedge fund industry
Falling correlations signal better times for equity long/short hedge funds
Analysis from JP Morgan shows strong relationship between intra-stock correlation and equity long/short hedge fund returns
Lansdowne's Ruddock to depart; DE Shaw gains two
The latest appointments within hedge funds and funds of hedge funds as well as related service industries.
Principal muscles into FoHF sector with Liongate stake
US asset manager Principal Global Investors acquires majority stake in FoHF manager as traditional distributors move into the struggling sector
New clearing world
Sponsored Q&A: Eurex Clearing
China shows signs that it is moving towards opening to hedge funds
China is showing encouraging signs that it is willing to open its market to foreign investors and funds. Hedge funds are still excluded from the market but steps are being taken in the right direction.