General News

	One-year-old ETF beats hedge funds, stock market in first year	Oct 17/12
	A one-year-old actively managed exchange-traded stock fund has beaten a number of market benchmarks in its first year, including most hedge funds, the ETF sponsor AdvisorShares said on Tuesday. Through September 30, the T...Read more
	Hedge Fund Technology Evolves to Meet new Regulatory Demands	Oct 17/12
	In our series on the evolution of hedge fund technology, PROHEDGE investigates how the wave of new regulations have forced hedge funds to ramp up their operations and technology infrastructure, and how technology companies...Read more
	Dow Jones Credit Suisse Hedge Fund Index up 1.04 per cent in September	Oct 17/12
	The Dow Jones Credit Suisse Hedge Fund Index finished up 1.04 per cent for the month of September. Eight of the 10 strategies recorded positive performance for the month with emerging markets (2.21 per cent) and event driven ...Read more
	Emerging market hedge funds stand out in mediocre year	Oct 16/12
	Fund managers that specialize in investing in emerging markets have achieved standout gains of nearly 8 percent in a year when the typical hedge fund has eked out returns of about 5 percent, recent data showed. Emerging m...Read more
	Real asset investors look to hedge funds for supply - adviser	Oct 16/12
	Placement agents and research companies are reporting that real asset and private equity investors are looking to raise additional capital and may deploy up to $200bn prior to the end of 2013. Gamma Finance, a London-based i...Read more
	Bullish Wagers Drop to Eight-Week Low Before Rally: Commodities	Oct 15/12
	Hedge funds cut bullish commodity wagers to the lowest since the middle of August before signs the U.S. economy is improving and declining grain stockpiles drove prices to a three-week high. Speculators reduced net-long ...Read more
	Hedge fund replication strategies offer cheaper investing alternative	Oct 15/12
	The next big thing in hedge fund investment won't be a hedge fund: It will be a replica. A growing number of institutional investors are considering a move into sophisticated, rules-based trading strategies that meet or beat...Read more
	Hedge funds gain USD5.1bn in August	Oct 15/12
	The hedge fund industry took in USD5.1bn (0.3 per cent of assets) in August, reversing a USD9.2bn outflow (0.5 per cent of assets) in July, according to BarclayHedge and TrimTabs Investment Research. Based on data from 2,999...Read more
	Canadian Court Says Mason's Telus Meeting Can Proceed	Oct 15/12
	VANCOUVER, British Columbia (Reuters)—Mason Capital Management LLC, the largest shareholder in Telus Corp., said on Friday [Oct. 12] an appeals court in British Columbia had overturned a ruling that had stymied its plan to c...Read more
	Scotiabank Expanding Hedge Fund Derivatives Services	Oct 12/12
	Bank of Nova Scotia, Canada’s third- largest bank, will offer more products to hedge funds including derivatives trading as it expands prime services to compete inside and outside its home country. Scotiabank plans t...Read more
	Hedge Funds and The Cloud	Oct 12/12
	Building up to GAIM Ops 2012 on 16-18 October in Paris, PROHEDGE will be taking a weekly look at some of the key issues to be addressed at this year’s event. Last week we explored Hedge fund risk management; this week we exa...Read more
	Rising global equities lift hedge fund performance	Oct 12/12
	Hedge funds gained 1.79 per cent in September, according to the Barclay Hedge Fund Index compiled by BarclayHedge. The index is up 5.99 per cent year to date. “In spite of news that highlighted continuing economic deteriorati...Read more
	Investors cut back on hedge funds despite rally: data	Oct 11/12
	Hedge fund clients pulled out more money than they put in over the past month in spite of a strong performance, in a possible sign of nerves that the parlous state of major economies could hit their returns. Net outflows ...Read more
	Hedge funds up 1.26 per cent in September, says Hennessee	Oct 11/12
	The Hennessee Hedge Fund Index increased 1.26 per cent in September and is up 5.03 per cent year-to-date. The S&P 500 gained 2.42 per cent (+14.56 per cent YTD), the Dow Jones Industrial Average advanced 2.65 per cent (+...Read more
	How Hedge Funds are Trading the Big Banks	Oct 10/12
	The best performing big bank stock so far this month might be a surprise, with the surprise winner being Citigroup (NYSE:C), up over 6% so far this month. Another surprise, of the five stocks we consider the dominant banks, ...Read more
	Large Hedge Funds Have Performed Better Than Small Funds in Down Years	Oct 10/12
	PerTrac, a provider of analytics, reporting and communications software for investment professionals, today (October 9 2012) released the sixth annual version of its analysis of performance trends for hedge ...Read more
	Hedge funds cut trading desk budgets, says Greenwich Associates	Oct 10/12
	Hedge funds appear to be moving aggressively to take down costs associated with their trading desks in the midst of a prolonged period of depressed trading activity, according to the results of a study by Greenwich Associate...Read more
	Hedge Funds End Rout as Prices Reach Two-Month Low: Commodities	Oct 09/12
	Hedge funds increased bullish bets on commodities for the first time in three weeks as prices dropped to a two-month low on signs of slowing Chinese growth and rising supplies of everything from crude oil to coffee. Money ...Read more
	Hedge funds close third quarter with September gains	Oct 09/12
	Hedge funds posted their strongest monthly performance since February to conclude Q3 2012, led by equity hedge strategies as investor sentiment improved on positive developments in the European banking and sovereign debt cri...Read more
	Portfolio Optimization: Achieving Diversification and Low Volatility	Oct 09/12
	Diversification is key to managing risk in uncertain climates. Fund of Funds will allocate capital across many different managers and strategies to reduce overall portfolio volatility. In this article PROHEDGE reviews a n...Read more
	Some Hedge Funds Only Seem Like Pirates—This One Actually Stole a Ship	Oct 05/12
	Let's say you own some debt from Argentina. The country defaults. But you still want to be paid in full. The solution? Hold one of their vessels for ransom, of course. Reuters Wall Street cherishes the idea that ...Read more
	How to Run Your Hedge Fund From a Prison Cell	Oct 05/12
	As if America’s hedge-fund elite didn’t have enough crises to worry about -- riots in Spain, the fiscal cliff, Lindsay Lohan’s hotel brawl -- the parade of underlings copping pleas to insider-trading crimes just keeps ...Read more
	SEC Advises Investors To Read Hedge Fund Documents...	Oct 05/12
	SEC Advises Investors To Read Hedge Fund Documents, Especially The Secret Ones Containing All The Fraud I think if I were running a small hedge fund far from prying eyes, every quarter I’d take a look at my performanc...Read more
	Hedge Fund Risk Management: Past, Present & Future	Oct 05/12
	Building up to GAIM Ops 2012 on 16-18 October in Paris, PROHEDGE will be taking a weekly look at some of the key issues to be addressed at this year’s event. Last week we explored Transitioning from an Emerging Hedge Fund to...Read more
	Dow Jones Credit Suisse Core Hedge Fund Index up 0.47 per cent in September	Oct 05/12
	The Dow Jones Credit Suisse Core Hedge Fund Index closed up 0.47 per cent in September as five of the seven index component strategies reported positive results for the month. Long/short equity (2.43 per cent) and event drive...Read more
	Hedge Fund Institutional Investors in Focus	Oct 04/12
	Institutional investors are playing a key role in shaping the future of the hedge fund industry. PROHEDGE takes a look at a 2012 Preqin report on global hedge fund investors; their opinions, behaviours and key tr...Read more
	Small, but beautiful - Canadian hedge funds	Oct 04/12
	Over the last five years, the assets of Canadian hedge funds grew from $12 billion to $30 billion. Given the times we are in, that's a nice growth rate. Currently, 48 hedge funds and fund of funds are members of AIMA Canada,...Read more
	IndexIQ to launch new hedge fund replication ETF	Oct 04/12
	IndexIQ is to launch its latest hedge fund replication exchange-traded fund on 4 October on the NYSE Arca. The IQ Hedge Market Neutral Tracker ETF (QMN) will be the first ETF designed to offer investors liquid, transparent ex...Read more
	BlackRock Leads Firms Poised to Win From Hedge Fund Ads	Oct 03/12
	The firms most likely to benefit first from new rules that would allow hedge funds to conduct wide advertising campaigns aren’t hedge funds. BlackRock Inc. (BLK), the world’s largest money manager, offers alternative inv...Read more
	Hedge Funds & the Global Economic Crisis - Willing Culprits or Easy Scapegoats?	Oct 03/12
	The summer of 2012 marked 5 years since the slow onset of an economic crisis that first became known as the Credit Crunch and then the half decade that became known as the Great Recession. At the time and over the last few ...Read more
	Apple cash manager Braeburn: the 'world's biggest hedge fund'	Oct 02/12
	The hedge fund reportedly had $117.2 billion in assets under management, besting Bridgewater, which had $100 billion. Apple has a thing for being the biggest in the world. First, it was the biggest company, in terms o...Read more
	Before Starting a Hedge Fund, Build Up Your Track Record	Oct 02/12
	Earlier this month, Daniel Strachman, a financial expert who serves as the Director of Research and Strategy for the GAIM Conference Series, told StreetID that if hedge funds want to attract more capital, they need to t...Read more
	Jana probes for weakness in Agrium’s armour	Oct 02/12
	Jana Partners has a long way to go before persuading Agrium Inc. shareholders that the fertilizer maker needs to be broken up, but the hedge fund may turn a few heads with its analysis that there is about 50-per-cent upside ...Read more
	Hedge fund returns worsen: Is enormous unraveling near?	Oct 02/12
	The more stocks rise, the further behind hedge funds fall-with the industry now lagging market returns by double-digit percentage points.Though hedges actually have attracted more investor cash this year, the bulk has gone t...Read more
	KCS launches Canadian Hedge Fund Indices	Oct 02/12
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	eVestment\|HFN Research Release: August 2012 Asset Flows	Oct 01/12
	The industry had an estimated $21.5 billion of net inflows in August, the second largest monthly gain in 2012. Hedge fund assets rose 1.4% in August 2012, an increase of $34.6 billion to $2.555 trillion. Investors flows ...Read more
	RBC Investor Services Launches Global Derivatives Platform	Sep 28/12
	RBC Investor Services today announced the launch of its Global Derivatives Platform, a new, fully integrated global operating model for listed and OTC derivatives. This single platform and operating model was developed to de...Read more
	Risk Aggregation: Myths and Realities	Sep 28/12
	Risk aggregation has become a widely debated topic within the asset management industry in recent times. Everybody seems to have different view of what Risk Aggregation constitutes. Is it the sum of a range of asset classes ...Read more
	Opinion: Three Big Risks of Riding Emerging Markets	Sep 28/12
	Emerging markets are, in essence, a leveraged way to play the bet that the Federal Reserve will continue its quantitative easing policy — always, everywhere and forever. Whether that makes them a good investment is an enti...Read more
	Hedge Funds Bullish on Silver as Hoard Nears Record: Commodities	Sep 27/12
	Hedge funds are the most bullish on silver in seven months and investors’ holdings are expanding toward a record on speculation the metal will outperform gold as central banks seek to boost growth. Wagers on rising prices ...Read more
	Hedge fund fees rise as industry demand returns	Sep 27/12
	Hedge fund fees have been the focus of intense discussion in recent times, but certain investors say that better managers deserve the fees they earn These are possibly a hedge fund manager’s favourite words: “Two and twenty”...Read more
	Hedge-fund managers face lower pay in wake of weak returns	Sep 27/12
	Warning to all Mercedes dealers: hedge fund bonuses could be tight this year. Many money managers are looking at lower pay — in the form of performance fees — as tepid returns for 2012 fail to make up for last year’s steep lo...Read more
	Four Top Hedge Fund Managers Join AIMA Board Of Directors, Six To Retire	Sep 27/12
	Former SEC commissioner Kathleen Casey was appointed the new Chairman of the hedge fund industry association (AIMA) last week. Joining her on the Council is Olwyn Alexander, Partner, PwC; Mark O’Sullivan, Partner, Ernst & ...Read more
	Hedge Fund Managers See Migration of Assets Into Equities	Sep 26/12
	As part of a fundraising event by hedge funds known as Trading Day for Kids, three of the industry’s titans convened to share their feelings on the likely direction of the markets over the next few weeks and during 2013. ...Read more
	Hedge funds up 0.84% in August, says Dow Jones Credit Suisse Hedge Fund Index	Sep 26/12
	Hedge funds, as measured by the Dow Jones Credit Suisse Hedge Fund Index, finished August up 0.84%, with eight out of 10 strategies in positive territory. In total, the industry saw estimated inflows of approximately USD2 bil...Read more
	AIMA ANNOUNCES NEW GLOBAL GOVERNING COUNCIL	Sep 26/12
	The Alternative Investment Management Association (AIMA), the global hedge fund industry association, has announced the formation of a new AIMA Council, its Board of Directors. The new non-Executive Chairman was na...Read more
	Mason files dissident proxy circular in Telus fight	Sep 25/12
	Fund seeking to block one-for-one consolidation Investor meeting set for Oct. 17 Top Telus Corp shareholder Mason Capital Management LLC said on Monday it has filed a dissident proxy circular to block the Canadian teleco...Read more
	Institutional Investsors Say Alternatives Can Add Safety	Sep 25/12
	Institutional investors say alternative investments such as real estate, commodities and private equity help protect them from volatility in traditional assets. Almost a third of institutional investors globally said they ca...Read more
	Credit is an exciting space for hedge fund managers, says Manny Roman	Sep 25/12
	Speaking at the Fourth Annual European Alternative Investments Conference hosted by Duff & Phelps in London on Thursday 20 September, Emmanuel Roman (pictured), President and COO of Man Group and CEO of GLG Partners, said ...Read more
	AIMA names former SEC commissioner Casey as new chairman	Sep 25/12
	The Alternative Investment Management Association has appointed a new non-executive chairman, Kathleen Casey, the former Securities and Exchange Commissioner and SEC representative to the International Organization of Securi...Read more