Sunday, April 5, 2009

Opalesque

Opalesque Round Table



CAN WE REDISTRIBUTE THIS?

"Can we redistribute this to our hedge fund managers and institutional investors ?"
Emails like these are coming on from people who read the Opalesque Zurich Roundtable:
"Excellent information piece. Are you happy if we distribute this via email to our hedge fund managers and institutional investors?"
"This is an excellent piece, thank you very much for sending it. Please include me in any future Roundtable articles."
In this 31 page script of the Opalesque Zurich Roundtable, you will learn from:
Alexander Ineichen, Managing Director and Senior Investment Officer, Alternative Investment Solutions, UBS Global Asset Management
Jaime Castán, Head of Hedge Fund Research, RMF
Uwe Eberle, Head of Institutional Relationship Management, Member of the Management Committee, Man Investments
Prof. Dr. Peter Meier, Zurich University
Dr. Christian Raubach, Managing Partner of Wegelin & Co. Private Bankers
and other experts...how:
hedge funds can rebuild trust - three suggestions
Sharpe ratios can fool investors
that RMF will be handling close to 80% of US and Europe L/S hedge fund investments via managed accounts
where the Swiss regulators failed during the 2008 crisis
the story how one hedge fund manager changed the way a mainstream newspaper writes about hedge funds
...and much more!

Opalesque

Industry veteran Janet Tavakoli’s 2Q07 questioning of AIG`s financial reporting rang an early alarm
From Kirsten Bischoff, Opalesque New York: In testimony before the House Oversight and Government Reform Committee on Thursday, former AIG Chairman Maurice Greenberg expressed his disagreement with the way the AIG bailout has been managed by the US government, and offered his opinion on how the firm went downhill so quickly.
While the US Government's focus on AIG bounces between exorbitant bonus payments and the sequence of events that led to the downfall of the firm, we may find ourselves rediscovering some of the industry voices which questioned AIG's portfolio well before its problems came to light to the larger public.
full story:http://www.opalesque.com/

Friday, April 3, 2009

Opalesque

  • Opalesque Exclusive
  • Opalesque Exclusive: Industry veteran Janet Tavakoli’s 2Q07 questioning of AIG`s financial reporting rang an early alarm From Kirsten Bischoff, Opalesque New York: In testimony before the House Oversight and Government Reform Committee on Thursday, former AIG Chairman Maurice Greenberg expressed his disagreement with the way the AIG bailout has been managed by the US governme
  • Fund Launches - GSO starts $3bln rescue fund, 17 China hedge funds launched in March. GSO starts $3bln rescue fund From Reuters.com: Billionaire Steve Schwarzman's Blackstone Group (BX.N) is trying to roll out a new fund geared toward providing financing for struggling companies, the New York Post said, citing sources. Schwarzman is hoping to raise as much as $3 bil
  • Closures - Blue Lake Capital closes Blue Star hybrid FoHF. From HFMweek.com: Blue Lake Capital, a Bermuda-based investment manager, has liquidated its Blue Star Fund, according to a regulatory filing. The Blue Star Fund, which launched in December 2005, was a hybrid fund of hedge funds (FoHF) that leveraged two negatively correlated and equally weight
  • M&A - Zwirn preparing to cede control of hedge fund over next few days, Stark completes Deephaven fund acquisition, Mergermarket`s Q1 2009 league tables of legal advisers to Global M&A Zwirn preparing to cede control of hedge fund over next few days From NYTimes.com: After suffering enormous losses, the hedge fund manager Daniel Zwirn is preparing to cede control of his firm, D.B. Zwirn & Company, to another fund manager who will liquidate its holdings.
  • From AMEinfo.com: Rasmala Investments, a leading regional investment bank, announced the listing of its award winning Rasmala Mena Equity Opportunity Fund 'The Fund' on the Irish Stock Exchange. It will be the first publicly-listed Fund of Funds to offer international investors access to the
  • Research - New paper examines the effects of market conditions and hedge fund performance on correlation of hedge fund returns From AllAboutAlpha.com: ...a new paper on this topic explores whether the correlation between hedge fund returns changes depending on market conditions and the overall performance of hedge funds.
  • Hedge Funds in Crisis - Bridgewater Associates rejects Geithner`s toxic recycling proposal, BH Global discount to NAV narrows from 30% to 10%, Fortress claims $125.7m loss in Dreier fraud, seven HFs filed claims in past 2 days Bridgewater Associates reject Geithner`s toxic recycling proposal From NYPost.com: Bridgewater Associates, the $71bn money-management firm, has come out against participating in Treasury Secretary Tim Geithner's plan to get private investors to buy banks' toxic assets -- a week
  • Institutions - New Jersey Investment Division makes 4th hedge fund redemption in 2 months From Finalternatives.com: The New Jersey Division of Investment is making its fourth hedge fund redemption in two months. This time, the $56.3 billion plan is purging its portfolio of Intrepid Capital Management, a long/short vehicle that specializes in technology, media and telecommunications.
  • Investing - Investors favoured mutual funds over hedge funds for commodity investments in Q1, China hedge funds: the A-share market had bottomed, Convertible bonds: Opportunity knocks Investors favored mutual funds over hedge funds for commodity investments in Q1 From Bloomberg.com: Investors favored mutual funds over hedge funds for commodity investments in the first quarter, seeking the protection of regulated money managers, data from EPFR Global and Gardner Finance
  • G20 Update - Hedge funds say G-20 crackdown makes industry a `scapegoat`, AIMA statement on G20 decisions, Darling predicts agreement on hedge funds, IMF at G-20 summit G-20 backs regulation crackdown, $1.1tln aid, Cost of staging G20 meeting could hit $117m, Clamp down on tax havens close to being approved, Lobby groups for sustainable and social investment call on G20 leaders to implement sustainable policies .Hedge funds say G-20 crackdown makes industry a `scapegoat` From Bloomberg.com: World leaders' plans to step up regulation of hedge funds will make the $1.4 trillion industry a "scapegoat" for the near-collapse of the financial system, the funds' lobby group said.
www.opalesque.com