Opalesque Exclusive: Of the major current regulatory developments, the EC Directive is attracting the most controversy [more]
By Benedicte Gravrand, Opalesque London:
In the last couple of months, the two major developments on the regulatory front were the European Commission’s Directive draft, and the Obama administration’s general overhaul of regulations for the financial system. While the later was ge
SWFs – Korea Investment Corp. set to invest $1bn in alternatives in H2 [more]
From Reuters.com: Korea Investment Corp (KIC) is set to spend $1bn of its overseas alternative investment budget in the second half in private equity secondary markets, hedge funds and commodities, an official said on Tuesday.
The sovereign wealth fund will make a fresh round of alternative as
Launches – Evolvence plans to raise $150m for newly-launched credit fund, Tahan Capital readies Asian credit-focused hedge fund, Citigroup seeds Viathon’s new credit hedge fund [more]
Evolvence plans to raise $150m for newly-launched credit fund
From Business24-7.ae: Evolvence Capital, the Dubai-based investment house, aims to raise $150m by the end of this year for its newly-launched open-ended credit fund, its chief executive told Emirates Business.
The fund
Closures – Thames River to wind down Hillside Apex [more]
From FTalphaville: … Thames River Capital, the multi-billion fund of funds is winding up a long/short emerging markets credit fund it operates, Hillside Apex, according to HFM Week.
The fund, with around $430m, hit the rocks last year, when trading in it was suspending after a spate of redempt
Performance – Fund manager TCI says profit rose 73%, AFM: Australia Funds return average of 2.69% in May, 5.91% YTD [more]
Fund manager TCI says profit rose 73%
From WSJ.com: U.K. hedge-fund manager The Children's Investment Fund Management LLP, better known as activist shareholder TCI, lifted its revenue and profit by more than 70% in its last financial year, its fourth consecutive year of double-digit inc
Assets – Och-Ziff funds post gains in June but assets drop due to heavy redemptions, EPR: Emerging-market inflows resume to cap record quarter [more]
Och-Ziff funds post gains in June but assets drop due to heavy redemptions
From WSJ.com: Publicly traded hedge-fund manager Och-Ziff Capital Management LLC saw gains in all its main funds during June, but investor withdrawals led to an $800m decrease in assets under management for the
Hedge Fund in Crisis – Belgian bank KBC stops BlueCrest fund leverage facility [more]
From Reuters.com: Belgian bank KBC said it had terminated a $219m leverage facility it provided to BlueCrest Specialty Asset Finance, a fund run by UK hedge funds manager BlueCrest Capital Management. It was not immediately clear how much of the facility KBC will be able to retrieve.
"We conti
Investing – Hedge star Jabre sees bargains in bombed-out stocks [more]
From Reuters.com: Many stocks in heavily discounted sectors such as banks and industrials still look cheap, says hedge fund manager Philippe Jabre, although he has trimmed his large weighting in equities after the recent rally. The former GLG manager, whose Geneva-based Jabre Capital Partners runs a
FoHFs – HFN report: FoHFs` investments in hedge funds accounted for $818bn of the $1.6 industry at end of Q1-09 [more]
From Hedgefund.net: ... The fund of hedge funds sector, like the rest of the hedge fund industry, has experienced its share of difficulties throughout the financial crisis. Some difficulties have afflicted the entire hedge fund industry while some are unique. Exposure to fraud is a concern in any li
Outsourcing – Connecticut HF firm Camulos may have Mariner run its business operations following 2008 losses, RBC Dexia selected to provide shareholder services for Arrow Hedge Partners [more]
Connecticut HF firm Camulos may have Mariner run its business operations following 2008 losses
From Bloomberg.com: Camulos Capital LP, a hedge-fund firm founded by former Soros Fund Management LLC trader Richard Brennan, is in talks to have Mariner Investment Group run its business oper
Investors – CFA Institute launches European Investors Working Group with European Capital Markets Institute, Spectrem index: Millionaires suspicious of market rally, State Street report: Hedge funds investors put in place refund clause [more]
CFA Institute launches European Investors Working Group with European Capital Markets Institute
The European Investors Working Group (EIWG) met for the first time in Brussels last Tuesday to set the agenda for the Group's active contribution towards creating an efficient, effective, and
Comment – George Soros: Too much innovation in finance can hurt [more]
From BusinessWeek.com: George Soros, the financial philosopher, supporter of civic culture and crusher of the Bank of England, spoke on Tuesday morning in NYC, warning that Americans are denying the magnitude of their problems.
He said “You can’t expect market participants to resist bubbles wh
Outlook – Fitch`s global economic outlook: Close to the trough [more]
The world economy appears to be close to the trough of the deepest recession since
WW2. The last three months have seen the emergence of significant signs of
stabilisation, most notably in the banking sector and in a widespread recovery in
financial markets, but also in business and consumer sent
North America – Treasury to name up to 9 managers for toxic-asset plan, Morgan Stanley may post loss after paying back U.S., Tally hits 52 as regulators close 7 more banks [more]
Treasury to name up to 9 managers for toxic-asset plan
From Reuters.com: The Treasury Department is expected to name as many as nine fund managers to operate the long-awaited Public-Private Investment Program (PPIP) to cleanse banks of toxic assets, a person familiar with the plan said o
Europe – Ex-IKB chief faces charges [more]
From FTAlphaville: Germany could soon see its first trial related to the financial crisis, after prosecutors charged Stefan Ortseifen, the former chief executive of stricken lender IKB. Prosecutors in Düsseldorf said they had charged Ortseifen – who led the mid-sized corporate lender until its near-
Asia – China allows yuan trade settlement, offers tax breaks [more]
From Bloomberg.com: China will allow companies to use the yuan to settle cross-border trade and let them keep their entitlement to export tax rebates, seeking to reduce the reliance of importers and exporters on the U.S. dollar. ... Full article:
Legal – Feds raid 2 homes owned by hedge fund firm from Cleveland, Update: Stanford executive James Davis to plead guilty to fraud and conspiracy [more]
Feds raid 2 homes owned by hedge fund firm from Cleveland
From WCAX.com: FBI agents have raided a pair of multimillion-dollar Buffalo-area homes owned by a hedge fund firm from Cleveland.
Dozens of agents on Wednesday swarmed the neighboring properties in Hamburg, just south of Bu
Madoff Update – U.S. marshals seize Madoffs` $7m NY apartment, Merkin says his clients knew about his Madoff investments, Medici`s Sonja Kohn didn`t get personal payments from Madoff, Comment: Shake-up of SEC vital in wake of Madoff scandal [more]
U.S. marshals seize Madoffs` $7m NY apartment
From Reuters.com: U.S. marshals seized the luxury $7m New York City penthouse apartment of imprisoned fraudster Bernard Madoff and his wife, Ruth, officials said on Thursday.
A spokesman for the U.S. Marshals Service said Madoff was pre
Short Selling – S.E.C. may reinstate rules for short-selling stocks [more]
From NYtimes.com: … The Securities and Exchange Commission appears poised to reverse itself and reinstate rules that would making shorting stocks — that is, betting their prices will decline — somewhat more difficult.
Whether the S.E.C. will go far enough to satisfy the many critics of short-
Regulatory – US toughens up on bank buy-outs, IOSCO consults on Principles for Periodic Disclosure by Listed Entities [more]
US toughens up on bank buy-outs
From FTAlphaville: Private equity that want to buy troubled banks would have to maintain significant capital levels and promise not to “flip’’ investments for at least three years, under proposals by US regulators.
The proposed rules, which would re
Derivatives – Lagarde says Europe needs derivatives clearinghouse, Update: EU body to publish OTC derivatives plan on Friday [more]
Lagarde says Europe needs derivatives clearinghouse
From Bloomberg.com: French Finance Minister Christine Lagarde pressed Europe Union partners to speed up efforts to contain counterparty risk in derivatives trades, saying the region is falling behind the U.S. in the area.
France w
Commodities – Investors flee commodities as US unemployment rate jumps to 9.5%, Gold advances in Asian after US jobless figures triggered a slump in equities, Rogue trader cost London oil broker $10m, caused jump in price of Brent crude oil [more]
Investors flee commodities as US unemployment rate jumps to 9.5%
From AP: Commodity prices fell sharply Thursday as a worse-than-expected jobs report sent investors in search of less risky assets.
The Labor Department rattled the market when it said employers slashed 467,000 jobs
Real Estate – Barclays: U.S. home prices seen down over 40% [more]
From Reuters.com: U.S. housing prices will fall by a double-digit percentage from already beaten-down levels, resulting in an overall 40% plunge by the time foreclosures peak in the second half of 2010, Barclays Capital economist Michelle Meyer said.
Meyer issued her forecast two days after th
Islamic Finance – Shariah-compliant ETFs: The first of many? [more]
From Seekingalpha.com: In April, FaithShares Advisors filed with the SEC to launch a line of ETFs targeted at religions investors.
While “socially responsible ETFs” (such as KLD) and clean energy ETFs (such as PBW) are nothing new, FaithShares proposed to narrow the scope of socially responsi
ETFs – EDHEC`s annual European ETF survey now available [more]
The EDHEC Risk and Asset Management Research Centre has announced the results of the EDHEC European ETF Survey 2009, a comprehensive survey of 360 institutional investors, asset managers and private wealth managers conducted in January and February 2009.
Sponsored by CASAM ETF, the EDHEC Europe
M&A – Update: AIG fails to make breakthrough in Franklin talks over asset management arm [more]
From Wealth-bulletin.com: Protracted attempts to offload American International Group’s asset management division have failed to produce a deal yet, with another exclusive discussion period ending this week amid signs the price has dropped, according to a report in The Wall Street Journal.
Sin
Activist News – Wilbur Ross, HF Elliott among funds considering Delphi bid [more]
From Reuters.com: Billionaire investor Wilbur Ross is among those considering a bid for the assets of bankrupt auto parts supplier Delphi Corp, two people with knowledge of the matter said on Thursday.
Hedge fund Elliott Management is also preparing a credit bid for Delphi, which was spun off
News Briefs – Warren Buffett donates $1.5bn Berkshire shares, Short-sellers target most heavily indebted UK companies, Japanese banks Shinsei and Aozora plan to merge, Paulson & Co may not buy into gold after all, RTS to roll out high-speed access to Xetra [more]
Warren Buffett donates $1.5bn Berkshire shares
Billionaire investor Warren Buffett has donated about $1.5bn of Berkshire Hathaway Inc stock (to the Bill and Melinda Gates Foundation and others), in connection with his 2006 pledge of his holdings to charitable causes. (www.reuters.com)
... And Finally – Especially if you are "obsessed" with bunnies, don't bring a dozen rabbits when checking into a hotel [more]
From AP/Yahoo.com: An Oregon woman obsessed with bunnies has been ordered back behind bars after police found her in a hotel room with more than a dozen rabbits.
Washington County Circuit Judge Gayle Nachtigal ruled Thursday that 47-year-old Miriam Sakewitz violated her probation by having the
Other Voices: Three new strategies in hedge fund investor relations; investors demand a relationship – not a transaction
The following is an edited transcript of a presentation Thomas Walek, President of a New York-based public relations agency Walek & Associates, gave recently in Hong Kong to a group of hedge fund managers and investor relations executives:
Our topic is "Hedge Fund Investor Relations: New Demands, New Strategies." The following are some observations that guide my thinking on the issues and trends impacting hedge fund investor relations today.
So where do we start? Like all good things, let's start on the golf course What a great place to be and what a great place to do business.
» Full Story
- S&P500
- Oil
- Gold
- US10Yr
- Nikkei
- €vs.$
- Soybeans
- AUS$ vs US$
-
CME - S&P 500 INDEX (Sep) - Daily
Near Term Trend: Positive Wednesday’s Close: 919.20 (+ 3.70) UPDATE: The proprietary green lines are defining key resistance and support, as the market has been trading in a consolidation for the last nine weeks. However from last Wed to this Wednesday, the market decisively rallied - which in turn has brought price action directly back to resistance at the M. A. (red) line. Recall, for the last week, as the moving average line was flattening (migrating toward a neutral stance), we stated, “Until the slope of the M.A. line begins to turn south, price action could remain choppy, instead of experiencing continued pressure”. Subsequently price action remains choppy, and proof is in the fact the Index still remains at the same level, it was, back on May 3rd . The hopeful investors, who missed the first run-up (from March), are wishing for more of a dip to enter. However if a settlement above 940.00 is posted- investors might chase.
-
CBT – Soybeans (Nov)- Daily
Near Term Trend: Negative Wednesday’s Close: $10.15 1/2 (+ 34 ½ cents) UPDATE: The slope of the M.A. line is now negative (for the last nine trading days) - for the first time since mid- March. Two weeks ago, we stated, “Resistance should hold near the $10.30 region, and subsequently, it has. That being said, as the market was (net/ net) declining, over the last ten trading days, volatility erupted on Tuesday, as the market hit an intraday low of $9.44, but rallied nearly forty cents, to close the day at $9.81. Wed’s action was just as volatile- trading much higher, but hitting resistance at the M.A. line. Will resistance hold?
- Bargain of the week
- Featured Product
- Bestsellers
- All Products
|
A SQUARE Faculty
Diego Wauters Q & A
Diego Wauters
|
» Read More
- Top Forwarded
- Top Tracked
- Top Searched
- Opalesque Exclusive: Chicago small-cap long-bias hedge fund up 34% since November inception
[more]
Chicago-based Taylor Fund, L.P. announced today a 15.35% gain in May. This follows a 21.5% gain for the month of April. The fund’s total (net) gain now is 33.76% since its inception on November 15, 2008.
“We are very pleased to have substantially outperformed the broader market
- LatAm – Brazil small caps will extend rally, expert says [more]
From Bloomberg.com: Brazil’s smaller companies will continue to outperform the Bovespa index after gaining twice as much as the broader market last quarter, said Marcelo Mesquita, partner at Leblon Equities Gestao de Recursos Ltda.
Mesquita, whose funds have beaten more than 93 percent of pee
- Opalesque Exclusive: New York Roundtable: HF managers are afraid to even touch TALF or PPIP, which seem shrouded in uncertainty [more]
By Benedicte Gravrand, Opalesque London:
One of U.S. Treasury Secretary Timothy Geithner’s initiative, called the Public-Private Investment Program, or PPIP, has lost momentum, reported the Wall Street Journal on Monday, as big banks are worried about having to sell at fire-sale prices
- Opalesque Exclusive: New metals fund house Altus Resource raised GBP26m at yesterday`s lising on the LSE [more]
By Benedicte Gravrand, Opalesque London:
ALTUS Resource Capital Limited (ARC), a Guernsey-domiciled, closed-ended investment company, was listed on the Specialist Fund Market of the London Stock Exchange on 30th June 2009.
Monies totalling £26m (US$42.7m) have been raised pursuant to t
- FX check: Allocating to currency will be seen as a vital component of any well designed investment portfolio … and more [more]
Allocating to currency will be seen as a vital component of any well designed investment portfolio … and more
The end of the 5%: Hedge funds get institutional inflows straight from equity portfolio
Event Calendar
|
Private Equity 101, Hong Kong
» Tue, 21 Jul 2009
This 3-day course covers all the core fundamentals and provides focus on institutions and private investors in building and managing private equity in their portfolios...
|
|
Private Equity Investor Relations, London
» Tue, 28 Jul 2009
This comprehensive and intensive 2-day training course is aimed at professionals that are positioned in the investor relations and communication functions within the private equity firm, and communications professionals who service a private equity client base...
|
|
Infrastructure Investment World Asia, Kowloon
» Tue, 8 Sep 2009
Unlock investment, financing and development potential of Asia infrastructure projects at Infrastructure Investment World Asia
With over $600 Billion being pledged for Asian infrastructure development, the time has come for infrastructure developers, investors, infrastructure funds, financiers and service providers to position themselves to take full advantage of the infrastructure revolution...
|
Display All Events
Add your event here
do not delete this, it fixes the IE duplicate characters
|
