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MSCI, a provider of investment decision support tools including indices, portfolio risk and performance analytics and corporate governance services, has entered into a definitive agreement to acquire Measurisk, an affiliate of J.P. Morgan Worldwide Securities Services and a provider of risk-transparency and risk-measurement solutions for hedge fund investors.
The deal, which remains subject to customary closing conditions, is expected to close at the end of July.
"The acquisition of Measurisk will bring together two leaders in the field of risk reporting and aggregation services for hedge fund investors – RiskMetrics HedgePlatform and Measurisk InterSight," says Henry Fernandez, chairman and chief
Dalton Strategic Partnership plans to increase the risk profile of the Melchior European Fund, a Cayman Island-domiciled European equity long short fund which was launched in October 2006.
This change in risk profile is being made to establish a clear distinction between the risk profile of the Melchior European Fund and its sister fund, the Melchior Selected Trust European Fund.
The latter was launched in February 2010 as a Ucits III compliant fund.
Following the change, the two funds will retain identical portfolios and will be managed with the same objective of achieving uncorrelated and positive absolute returns; the only
Eurex and the Korea Exchange have received commitment and support from major market participants for the launch of their joint Eurex/KRX Link on 30 August.
This link comprises a cooperation to trade and clear options on Korea’s blue-chip index, Kopsi 200, on Eurex during European and North American trading hours.
Currently, Eurex and KRX are jointly preparing the launch of daily futures on Kopsi 200 options at Eurex and have been in a member consultation process since the beginning of 2010.
Fifteen KRX members have indicated that they will be ready to trade the Eurex Kopsi product during the course
Singapore-based research consultancy GFIA, founded by Peter Douglas
Ex-Goldman Sachs proprietary trader, Tan Maruyama, is already feeling bullish about his R Squared Master Fund
Despite hedge funds posting a slightly positive performance of 0.06 per cent for June, according to the Lipper Hedge Fund Composite Index, their risk/return profile remained intact.
June’s return brought year-to-date performance to minus 2.88 per cent.
Dedicated short-bias (+1.84 per cent) was the best performing strategy for the month as it leveraged the global stock market’s slide.
Other hedge (+1.01 per cent) was the runner-up; performance for the classification benefited from volatility-trading strategies.
At the bottom of the performance league table options arbitrage (-0.67 per cent) was the worst performing strategy at the end of the month.
All style-investing
The Monetary Authority of Singapore’s annual survey has found that its hedge fund industry was able to weather the
UK banking giant HSBC has stepped up plans to develop its prime brokerage business in Asia with several key hires joining the firm.
Eurekahedge has released its latest survey as we head into 2H10.
The RBC Hedge 250 Index fell by 0.94 per cent in June and is down 0.56 per cent year-to-date.
The returns are estimated and will be finalised by the middle of next month. The loss for May 2010 has been finalised at 2.33 per cent.
Just two strategies had positive performances in June. Fixed income arbitrage gained 0.75 per cent and managed futures gained 0.69 per cent.
The worst performing strategy was mergers and special situations, which was down 1.91 per cent.
The RBC Hedge 250 Index is an investable benchmark of the performance of the hedge fund industry.
