16 Jan 2009
FSA lifts ban on short selling of UK financial stocks
The Financial Services Authority has followed through on its announcement earlier this month that it would not renew its ban on the short…
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EIP announces strong year end results and appoints trader
Hong Kong-based asset management firm Enhanced Investment Products says year end results show the EIP Overlay fund is up 17.31 per cent, in…
Global investors maintain cautious stance as deleveraging process continues, says C.P. Eaton
North American limited partners remain attracted to real assets, European markets offer huge opportunities to well-capitalised investors…
Nyfix Euro Millennium volumes increase more than 500 per cent in December
Nyfix, a provider of solutions designed to optimise trading efficiency, has reported that 251 million shares valued at more than EUR1bn…
Hedge funds outflows take assets below USD1bn, say TrimTabs and BarclayHedge
The hedge fund industry posted a record estimated outflow of USD148.5bn in December, easily surpassing the previous record estimated at…
CFTC charges James Ossie and CRE Capital over USD25m currency Ponzi Scheme
The US Commodity Futures Trading Commission has charged James Ossie and his company CRE Capital Corporation with operating a Ponzi scheme…
Steel Partners faces lawsuit over transformation of fund into public holding company
New York-based activist hedge fund manager Steel Partners is facing legal action from investors after announcing plans to merge Steel…
Mourant appoints new head for fund administration division in the US
Mourant International Finance Administration has appointed John Wiencek as the managing director of its New York office and as the head of…
F&C systematic European long/short trading fund returns nearly 20 per cent in first year
F&C says its Zircon Fund returned 19.07 per cent with an annualised daily volatility of 10.26 per cent in its first year. F&C says…
15 Jan 2009
Aladdin Capital to reduce CLO and CDO headcount in restructuring
Connecticut-based Aladdin Capital Holdings has announced the first steps in its global restructuring plans.The plans involve seeking to…
Matrix to launch two funds of hedge funds to exploit market dislocations
Matrix Money Management has announced the launch of two fund of hedge funds in February, with a 1 March investment date, to be managed by…
Jeff Carlin joins IndexIQ to boost hedge fund replication products
Jeff Carlin has been named senior vice president and national sales manager at IndexIQ, which develops hedge fund replication products and…
Polar Capital announces resignation of portfolio manager Julian Barnett
Polar Capital has announced that it has accepted the resignation of Julian Barnett, the portfolio manager of the Polar Capital Paragon…
Hedge fund consultancy Carne Global expands to the Cayman Islands
Carne Global Financial Services, an independent consultant to the hedge fund, traditional fund and wealth management industries, has…
Man Group says it will sue over Madoff as assets fall USD14bn in fourth quarter
Man Group, reckoned to be the world's largest listed hedge fund manager, saw its share price slide by nearly 7 per cent on Wednesday after…
