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Doric Closing Hedge Fund to Refocus on Small-Cap Strategies
After more than ten years in existence, one of Hong Kong’s most venerable Hedge Fund Firms, Doric Capital Corporation, has decided to close down its Asia ex-Japan long/short equity fund so that Doric can give more attention to management of its small-cap funds. Doric Capital Corp was founded by Michael Nock, a former Man Group [...]
Hedge Fund Managers Predict Dip in Global Growth in Survey
Hedge fund managers project a slip in global growth next year as a result of likely Eurozone sovereign defaults and the economic slowdown in China. The predictions come as part of a survey which covers more than a third of hedge fund managers around the world, who manage $800 billion between them. When asked about [...]
Gold and Silver Fall After Global Sell-Off
Despite recent claims that gold is the way to go during the financial crisis, it, alongside silver and several other commodities, has fallen as a result of a global sell-off in financial markets. On Thursday, gold fell 3.7%, or $66.40, to $1,741.70 per ounce. Silver, a high-demand metal in many industries, also took a severe [...]
GlobeOp Forward Redemption Indicator Shows Jump Since July
August 2011’s GlobeOp Forward Redemption Indicator revealed an increase from 2.08% to 2.71% since July. “The Forward Redemption Indicator is encouragingly low given recent market volatility,” explained GlobeOp Financial Services’ Hans Hufschmid. “In fact, it is the lowest August number since readings in 2008. At this time, we see no sign of investors moving out [...]
Diversifying with Alternative Investments
If you are looking for a good way to diversify, check out the various alternative investments available such as: hedge funds, real assets, Exchange Traded Funds (ETFs) and more. The question becomes though, are these options providing real diversification? And what does that mean? Understanding Diversification According to a Daily World article, with real diversification, [...]
Signet and Marco Meli Union
A deal has been signed between Signet and Marco Meli. According to a recent article in Hedge Week, the former is a UK- and US-based fund-of-hedge-funds group worth US$1.5bn and the latter, a “senior investment specialist.” What this union will do will bring together Signet’s “portfolio management and business development functions.” As well, Meli will [...]
L.A. Dodgers to Loan $150 Million from Hedge Fund
Earlier this week, the Los Angeles Dodgers were granted permission to loan $150 million from Highbridge Principal Strategies, an affiliate of JPMorgan Chase, in order to meet player payroll and cover other expenses throughout the rest of the year. The Am Law Daily reported on Monday that Frank McCourt, owner of the Dodgers, looked to [...]
New Hedgeweek USA Awards
Smiles for Rothstein Kass For the first time ever, America hosted a Hedgeweek USA Awards ceremony. This took place a week and a half ago on June 16, 2011, during a lunch at the Ganesvoort Hotel in New York, hosted by Global Fund Media publication, “Hedgeweek.” In an article in Hedgeweek, it was explained that [...]