All News
DLA Piper names Australian Luke Gannon to launch transactional funds practice in Asia
Thu, 21 August 2008, 06:06
DLA Piper has appointed Australian corporate and financial services lawyer Luke Gannon as a partner in its corporate group and head of the firm's funds practice throughout Asia. Gannon, who will be based in DLA Piper's Hong Kong office, will work closely with partners from the firm's financial services and regulatory groups and will act for a range of clients on mergers and acquisitions and equity capital markets matters. 
Hedgeweek Comment: Private equity and hedge funds could make beeline for BAA
Thu, 21 August 2008, 05:46
The UK's biggest airport operator BAA may have to sell three of its seven airports in its home market (it also owns the airport at Naples in Italy) because of concerns about its market dominance, following a report from the country's Competition Commission.
Site maintenance
Thu, 21 August 2008, 00:01
Due to scheduled maintenance work across all of our websites, we will not be publishing daily newsletters from Monday 25 August to Friday 29 August. Normal service will resume on Monday 1 September.
Hedge fund manager ordered to pay USD280m to defrauded investors
Wed, 20 August 2008, 22:04
Hedge fund manager Paul Eustace of Ontario, Canada, has been ordered to pay more than USD279m in restitution and a USD12m civil penalty under a court order settling an enforcement action brought against him by the US Commodity Futures Trading Commission for defrauding participants in four commodity pools that he managed.
Cohen & Steers launches Global Real Estate Long-Short Offshore fund
Wed, 20 August 2008, 21:05
New York-based investment manager Cohen & Steers has launched the Global Real Estate Long-Short Offshore fund managed by Todd Voigt, who joined the firm specifically to manage its hedged real estate securities portfolios. Voigt is supported by a team of analysts and traders in New York, London, Brussels and Hong Kong.
MTM Capital Partners and US environmental agency co-operate on coal mine methane
Wed, 20 August 2008, 20:42
MTM Capital Partners, a UK investment manager that invests in the efficient and safe use of resources and the reduction of environment-damaging emissions, is collaborating with the US Environmental Protection Agency to advance coal mine methane recovery and use projects in China, according to MTM chairman Geoffrey Isaac.
CFTC approves four Eurex futures on German and Swiss benchmark indices for US market
Wed, 20 August 2008, 05:57
The Commodity Futures Trading Commission, the Us commodity market regulator, has approved trading for the US market in four Eurex futures products offering exposure to the SLI Swiss Leader Index, the Swiss Market Index Midcap (SMIM), the Dow Jones Euro Stoxx Select Dividend 30 index and the TecDax.
Hedgeweek Comment: Ex-Amaranth trader rakes in the money
Wed, 20 August 2008, 05:51
Apparently unscarred by the Amaranth Advisors fiasco, the trader whose natural gas trades triggered the collapse of the Connecticut hedge fund manager nearly two years ago is back in business. A commodity hedge fund advised by Brian Hunter surged in July as energy, metals and agricultural prices suffered their largest fall in nearly three decades.
Exotix strengthens structuring capabilities in Africa with new hire
Wed, 20 August 2008, 05:51
Vicente Pons has joined Exotix, a London-based frontier market investment banking boutique, as a director in the structured products team, an appointment that strengthens the firm's structuring capabilities in sub-Saharan Africa.
SLI's Global Absolute Return Strategies Fund passes GBP500m
Wed, 20 August 2008, 05:41
Standard Life Investments has announced that its Global Absolute Return Strategies Fund, launched in June 2006, has passed the milestone of GBP500m in assets under management, thanks to an inflow of more than GBP255m in new investment in the first seven months of 2008.
New Energy Finance unveils Silicon and Wafer Price Index
Tue, 19 August 2008, 20:54
The price of polysilicon, the key raw material in the manufacture of most solar photovoltaic panels, is set to drop by up to 43 per cent next year, according to the New Energy Finance Silicon and Wafer Price Index, which is launched this week.
Hedgeweek Comment: Banks tighten lending grip on hedge funds
Tue, 19 August 2008, 12:09
Investment banks are implementing tough internal rules, perhaps in a very practical way, to streamline the way they lend to hedge funds. Morgan Stanley and Goldman Sachs are among the institutions that are reported to have changed the way they assess lending to hedge funds by linking it to the market's assessment of their own creditworthiness.
Duff Capital Advisors adds new investment teams and bolsters management
Tue, 19 August 2008, 06:12
Newly-launched alternative investment manager Duff Capital Advisors has announced the addition of two new investment teams and built out its senior management with the appointment of Andrew Wilder, Mike Khorrami, Charles Lerner, Laura Flynn and Maria Berenguer.
Phoenix Funds Services recruits Gerard Quirke from Hermes
Tue, 19 August 2008, 06:03
Phoenix Fund Services, a provider of offshore and onshore traditional and alternative fund administration services with offices in the UK and Ireland, has recruited Gerard Quirke as a director from Hermes Pensions Management, where he was chief operating officer and deputy chief executive.
Irish Stock Exchange unveils new listing regime for Super Sophisticated Investor Funds
Tue, 19 August 2008, 05:45
The Irish Stock Exchange has introduced a listing regime for a new category of fund, the Super Sophisticated Investor Fund, as well as amending the existing listing regime for closed-ended funds and removing the requirement for Irish-authorised qualifying investor funds to produce interim reports.
Managed futures suffer setback in July as Barclay CTA Index slides 2.37 per cent
Mon, 18 August 2008, 18:07
Managed futures, which had posted an average return of 8.88 per cent over the first half of 2008, slipped back 2.37 per cent in July, according to the Barclay CTA Index compiled by Fairfield, Iowa-based index provider BarclayHedge. However, the index remains up 7.58 per cent for the year to date, outpacing most hedge fund strategies and equity markets.
Hedgeweek Comment: Soros is buying
Mon, 18 August 2008, 05:58
Global investor and philanthropist George Soros is back doing what he does best - making a fortune by exploiting financial turmoil. According to a regulatory filing last week, Soros Fund Management raised its stake in Lehman Brothers from 10,000 shares in March to 9.47 million common shares, representing 1.36 per cent of the total outstanding, at the end of June.
D5 Advisors wins managed account mandates and hires research director
Mon, 18 August 2008, 05:55
Stamford, Connecticut-based hedge fund advisory firm D5 Advisors has announced it has secured two new clients, each on a managed account platform with a promised capacity of USD50m.
Barclay Hedge Fund Index slips a further 2 per cent in July
Mon, 18 August 2008, 05:54
Hedge funds declined 1.99 per cent in July, according to the Barclay Hedge Fund Index compiled by Fairfield, Iowa-based BarclayHedge, and are now down by 4.44 per cent since the beginning of this year. The Barclay Fund of Funds Index lost 2.57 per cent in July.
Crederian Fund Services launches alternative fund administration business in Philadelphia
Mon, 18 August 2008, 05:41
Crederian Fund Services has announced the launch of its operations providing full-service fund administration for the alternative asset management industry from its offices in the Philadelphia suburb of Media, Pennsylvania. Crederian is headed by two industry veterans, president and chief executive Vincent J. Ciavardini and executive vice-president and chief operating officer Gene J. Cichanowsky.
