Hedge Fund Subscription

Premium Hedge Fund Subscription Website

I have recently had someone join my team who will help me create a premium content subscription-based hedge fund service.

This will be available in 2009 and at this point we are seeking your direct feedback as to what it should include or not include. What is missing in the hedge fund marketplace? What, if it existed would be very valuable to your business to receive on a weekly or monthly basis?

Please email your ideas to Richard@HedgeFundGroup.org

Thank you in advance for the feedback, much appreciated.

Related to Hedge Fund Subscription Website:

• Hedge Fund News
• Investment Book
• Hedge Fund Tracker Tool
• Geographical Hedge Fund Guides
• Financial Certification
• Hedge Fund Forum
• Hedge Fund Conference Alerts
• Hedge Fund Performance

Permanent Link: Hedge Fund Subscription Website

Tags: Hedge Fund Subscription Website, Hedge Fund Subscription Services, Premium Hedge Fund Content

I just saw this recent article within the Washington Post and thought it was interesting and relevant to the focus on this site on family offices.
__________________________________

It’s early on a spring morning and Peter Kirsch is busily overseeing the fast-moving life of AOL founder James V. Kimsey. Seemingly everything that touches the mogul finds its way to Kirsch’s desk in his ninth-floor penthouse office overlooking the White House, from philanthropy to investments, from politics to friendships to the management of the sprawling Kimsey household.

As chief of staff in the Office of James V. Kimsey, Kirsch is a quiet force on the local scene.

He arrives at the office at 7:30 a.m. to prepare for another day of controlled chaos. At 9 a.m., he gets his daily briefing. Office accounting manager Stephanie Weir reports nothing amiss in Kimsey’s balance of payments big and small, be it DirecTV or NetJets, Burning Tree Country Club or Nationals baseball tickets, American Express (Black Card) or a utility bill.

Next up is receptionist Brie Hytovitz, the first person to greet office visitors, whether they be Ted Turner or Ted Leonsis. When the Potomac Conservancy wants to have a fundraiser at the Kimsey estate, Hytovitz makes sure the tent company, caterer and parking valet are there. She has recently been putting the final touches on Kimsey’s next monthly “boys’ lunch” with friends, scheduled for Oceanair, a seafood restaurant in downtown D.C.

On it goes, as the meeting melts into the day. Pinning Kirsch down on the phone or in person takes effort. He jumps from one call to another, holding discussions with Hytovitz and a visitor at the same time, while an entrepreneur who needs cash cools his heels in the conference room. One minute Kirsch is on the phone with a big hedge fund manager, the next he is sweeping down the elevator to attend his son’s sporting event. Read more…

- Richard

Related to Family Office Example

• Family Office Services
• Family Offices
• Family Office Jobs
• Family Office Marketing
• Family Office Wealth Management
• Multi-Family Offices Blog
• The Cost of Being Wealthy
• Private Banking and Wealth Management
• Investing Book

Permanent Link: Family Office Example
Tags: Family Office Example, Family Office Services Example, Example of Family Office Services

Private Banking and Wealth Management

Private Banking and Wealth Management Trends

Below is a short excerpt from a recent article I wrote for Investopedia on family offices, private banking and wealth management trends:
_______________________________

Family offices are private wealth management advisory firms that serve ultra-high-net-worth clients. There are more than 3,500 family offices based in the United States. By offering a complete outsourced solution to managing finances and investments, including budgeting, insurance, charitable giving, family-owned business, and wealth transfer and tax services, these offices set themselves apart from traditional wealth management firms. Although they vary in their level of service, most typically invest heavily in consultants, databases and analytical tools that help them conduct due diligence on money managers or optimize a portfolio of investments for tax purposes.

In this article, we’ll review the top three trends affecting family offices, including the rapid growth of the family office industry, the types of family office services provided, and the increasingly sophisticated use of hedge funds and alternative investments by both single and multifamily offices.

Family Office Facts
There are two types of family offices: single-family offices (SFOs) and multifamily offices (MFOs). Single family offices serve one wealthy family, while multifamily offices operate more like traditional private wealth management practices with multiple clients. Multifamily offices are much more common because they can spread heavy investments in technology and consultants among several high-net-worth clients instead of a single individual or family.

Tackling the Trends
Prominent trends fueling the growth of family offices include:

1. There is a growing number of high-net-worth and ultra-high-net-worth classes around the world. In most developed nations, the wealthy are accumulating assets more rapidly than the middle class. At the same time, many emerging economies are thriving, with annual growth rates of 4-8%. Many experts have noted that by 2015-2020, China’s upper class will be larger than America’s middle class. Growth in countries such as China, Brazil, India and Russia will ensure that the family office format of wealth management services continues to grow in popularity over the next five to seven years. (To learn more about emerging economies, see What Is An Emerging Market Economy? and Demographic Trends And The Implications For Investment.)
2. Profitability is a growing challenge for family offices. As populations amass greater wealth, large wealth management firms are competing on a cost basis and moving a larger portion of their core services online. While the average person might appreciate saving hundreds or even thousands of dollars in fees each year, many affluent individuals would much rather spend $20,000 to $100,000 a year to ensure that experienced professionals are managing their investments and taxes to fit their specific financial goals and risk tolerances. Read more…

Related to Private Banking and Wealth Management:

• Family Offices
• Family Office Wealth Management
• Multi-Family Offices Blog
• The Cost of Being Wealthy
• Investing Book
• Family Offices Message Board
• Family Office Industry
• Family Office Consultants
• Family Wealth Management

Permanent Link: Private Banking and Wealth Management

Tags: Private Banking and Wealth Management, Family Offices, High Net Worth Banking, High Net Worth Wealth Management, Private Bank Wealth Management, Private Banking Wealth Management, Private Wealth Management Group, Best Private Wealth Management, Top Private Wealth Management, Family Office Private Wealth Management

More prime brokerage firms are adding on administration services to help attract and retain clients. I wasn’t sure how widespread of a trend this was but saw this mentioned within an article yesterday as noted below. I would be interested in discussing this further with hedge fund managers reading this article – if you have some insight – Richard@HedgeFundGroup.org.
__________________

In recent years, the custodian banks that have acquired hedge fund administrators have sought to adjust client lists in favor of larger and more profitable hedge fund and fund of funds groups interested in a broader array of services. At the same time, prime brokers have recognized that providing administration services can help attract and retain clients and counter the shift among hedge fund managers towards multiple prime brokerage.

“It would be surprising if the hedge fund administration industry continues to support such a large number of providers, and there is now evidence that a renewed round of consolidation is in the offing,” says Dominic Hobson. “However, the appetite to sell may be offset as well as encouraged by the depressed prices available. In any event, the buyers are likely to be different from the banks which dominated the acquisition process in the early years of this century.” Read more…

Free Daily Hedge Fund Newsletter

Related to Prime Brokerage & Hedge Fund Administration:

• Prime Brokers
• Investment Book
• Prime Brokerage Services
• Prime Broker Definition
• Financial Certification
• Hedge Fund Forum
• Capital Introduction
• Prime Brokerage
• Hedge Fund Services

Permanent Link: Prime Brokerage & Hedge Fund Administration
Tags: Prime Brokerage and Hedge Fund Administration Services, Prime Broker offering administration services, administration services from prime brokerage firms, which prime brokerage firms offer hedge fund administration services

More prime brokerage firms are adding on administration services to help attract and retain clients. I wasn’t sure how widespread of a trend this was but saw this mentioned within an article yesterday as noted below.
__________________

In recent years, the custodian banks that have acquired hedge fund administrators have sought to adjust client lists in favor of larger and more profitable hedge fund and fund of funds groups interested in a broader array of services. At the same time, prime brokers have recognized that providing administration services can help attract and retain clients and counter the shift among hedge fund managers towards multiple prime brokerage.

“It would be surprising if the hedge fund administration industry continues to support such a large number of providers, and there is now evidence that a renewed round of consolidation is in the offing,” says Dominic Hobson. “However, the appetite to sell may be offset as well as encouraged by the depressed prices available. In any event, the buyers are likely to be different from the banks which dominated the acquisition process in the early years of this century.” Read more…

Permanent Link: Prime Brokerage & Hedge Fund Administration
Tags: Prime Brokerage and Hedge Fund Administration Services, Prime Broker offering administration services, administration services from prime brokerage firms, which prime brokerage firms offer hedge fund administration services

Quick Link: List of Hedge Fund Prime Brokers

Here is an interesting article about the growth of prime brokerage services in Asia. I didn’t know that growth was so strong for these groups right now…

Citigroup expects the amount of assets serviced by its Asia Pacific prime brokerage arm to grow by more than 30 percent annually over the next three to five years, as more global hedge funds set up shop in the region.

Even with tumbling stock markets hammering Asia’s hedge fund industry, many large international managers are doing more business in the region, drawn by its long-term potential, said Hannah Goodwin, head of Prime Finance, Asia Pacific for the U.S. banking giant.

“We’re looking at a 30 to 50 percent growth every year,” she told Reuters in an interview. “That’s how aggressive we want to be with this business and how well we think this business is going to develop for us.” Read more…

Free Daily Hedge Fund Newsletter

Related to Asian Prime Broker Growth:

• Prime Brokers
• Investment Book
• Prime Brokerage Services
• Prime Broker Definition
• Financial Certification
• Hedge Fund Forum
• Capital Introduction
• Prime Brokerage
• Hedge Fund Services

Permanent Link: Asian Prime Broker Growth
Tags: Prime Brokerage in Asia, Asian Prime Broker, Singapore, Hong Kong, Beijing, Shanghai, China, Japan, Tokyo, Asia Prime Brokerage Services

Here is an interesting article about the growth of prime brokerage services in Asia. I didn’t know that growth was so strong for these groups right now…

Citigroup expects the amount of assets serviced by its Asia Pacific prime brokerage arm to grow by more than 30 percent annually over the next three to five years, as more global hedge funds set up shop in the region.

Even with tumbling stock markets hammering Asia’s hedge fund industry, many large international managers are doing more business in the region, drawn by its long-term potential, said Hannah Goodwin, head of Prime Finance, Asia Pacific for the U.S. banking giant.

“We’re looking at a 30 to 50 percent growth every year,” she told Reuters in an interview. “That’s how aggressive we want to be with this business and how well we think this business is going to develop for us.” Read more…

Permanent Link: Asian Prime Broker Growth
Tags: Prime Brokerage in Asia, Asian Prime Broker, Singapore, Hong Kong, Beijing, Shanghai, China, Japan, Tokyo, Asia Prime Brokerage Services

FAS 157

FAS 157 Implications & Notes

The hedge fund industry has significant concerns with recent best practices recommended by the President’s Working Group on Financial Markets regarding the disclosure of the valuation of managed assets centered on FAS 157 fair value accounting. In a letter to the Working Group, the Managed Funds Association said that the ambiguities of fair value accounting work against achieving a consensus on proper valuation of a hedge fund’s portfolio assets. The MFA also noted that the recommended disclosure goes beyond the requirements of FAS 157.

The Working Group issued complementary sets of best practices for hedge fund managers and investors in the most comprehensive effort yet to increase accountability for participants in the industry. The Working Group called on hedge fund managers to adopt comprehensive best practices in the critical areas of disclosure, valuation of assets, risk management, and conflicts of interest. Specifically, the Working Group said that fund managers should provide financial information supplementing FASB Standard No. 157 to help investors assess the risks in the valuation of the fund’s investment positions.

Depending upon the extent to which the fund manager invests in illiquid and difficult-to-value investments, noted the Working Group, the disclosures should occur at least quarterly and include the percentage of the fund’s portfolio value that is comprised of each level of the FAS 157 tripartite valuation hierarchy. Level 1 is comprised of assets with highly liquid market prices, while Level 2 assets have no quoted prices but there are similar assets with quoted prices. Level 3 is for illiquid assets that have to be priced using models.

The group also said a best practice would be to set up a Valuation Committee with ultimate responsibility for reviewing compliance with the fund manager’s valuation policies. Further, the group said that independent personnel should be in charge of the valuation of the fund’s investment positions. While broadly agreeing that investors would benefit from disclosure of hedge fund valuation policies, the MFA noted that there is much ambiguity and a lack of consensus among managers, counterparties and accounting professionals as to the appropriate treatment of a number of products under FAS 157 such that the Working Group’s recommendations may not be achievable. Further, the lack of consensus is likely to result in inconsistent disclosure across the industry, which could be both confusing and potentially mislead investors.

Thus, until a greater consensus exists with respect to implementation of FAS 157, the MFA asks that this recommendation be deleted. The MFA noted that fund managers will still be required by their independent auditors to follow the procedures specified in FAS 157, as the industry continues to develop consensus on the implementation of those procedures.

The committee also recommended that hedge fund managers disclose the percentages of a fund’s portfolio value for which a manager relied on one dealer quote and multiple dealer quotes. The MFA believes that this disclosure could also be misleading to investors since there are certain types of products for which one dealer quote is used in valuing the asset, even though there is a liquid and deep market for the product, such as certain types of OTC products. There may also be products for which multiple quotes are available, but for which there is not a particularly liquid, active and deep market. While the availability of multiple dealer quotes may be an indication of the level of market activity for an asset, said the MFA, it may be misleading in certain instances. As such, the group was urged to delete this recommendation.

While agreeing that the valuation function should be independent of the portfolio
management function in order to reduce conflicts of interest, the MFA believes that
the recommendations are confusing when read in conjunction with the make-up of the proposed Valuation Committee. The Working Group said that the Valuation Committee may include members of senior management who have portfolio management responsibilities. However, the recommendations also discuss segregation of valuation personnel from portfolio management personnel. To the extent that a Valuation Committee is partially comprised of senior portfolio managers, reasoned the MFA, then the desired segregation of personnel does not seem possible.

Guest post by James Hamilton

Free Daily Hedge Fund Newsletter

Related to FAS 157:

• Terms & Definitions
• Investment Book
• Hedge Fund Due Diligence
• Top 52 Most Popular Articles
• Financial Certification
• Hedge Fund Forum
• Geographical Hedge Fund Guides
• Family Offices
• Discussing Hedge Fund Leverage

Permanent Link: FAS 157

Tags: FAS 157, FAS 157 Training, FAS 157 Level, For FAS 157, FAS 157, FAS 157 training, FAS 157 Effective, FAS 157 Summary, FAS 157 hedge, FAS 157 hedge fund, FAS 157 private equity, FAS 157 valuation, FAS 157 impact, FAS 157 Fair Value, FAS 157 implementation, FAS 157 accounting, FAS 157 disclosures

FIN 48

FIN 48 + Implementation & Disclosures

A growing chorus of hedge fund and private equity groups has asked FASB for an exemption from FIN 48, a FASB interpretation of a standard on accounting for income taxes. In a letter to FASB, the Managed Funds Association said that the sophisticated investors that invest in hedge funds do not need the enhanced disclosures that FIN 48 was designed to provide. In its letter, the Private Company Financial Reporting Committee stated that private company financial statement users find the accounting matters and disclosures encompassed by FIN 48 to be largely irrelevant to their decision making. The committee’s also noted that FASB and the IASB are working on a convergence project on accounting for income taxes and that this may significantly affect FIN 48. Thus, if FASB is unwilling to grant hedge funds an exemption from FIN 48, the private fund groups ask that the Board at least postpone the effective date of FIN 48 pending completion of the convergence project.

FIN 48 was adopted to provide for increased relevance and comparability in financial reporting of income taxes and to provide enhanced disclosures of information about the uncertainty in income tax assets and liabilities. The genesis of FIN 48 is FASB Statement No. 109, which established financial accountants and reporting standards for the effects of income taxes that result from an enterprise’s activities during the current and preceding years. It requires an asset and liability approach to financial accounting and reporting for income taxes

While acknowledging the need for FIN 48-type disclosures in the case of companies offering securities to the investing public, the MFA pointed out that the institutions and individuals that invest in private investment funds do not fall within this category. Hedge fund investors typically conduct extensive due diligence assisted by their own lawyers, accountants and other advisers, noted the MFA, and they often request, and receive, additional information, including tax information, if they believe that such information is material to their investment decision.

Moreover, private investment funds with U.S. investors are treated as partnerships for Federal income tax purposes. As a result, a private investment fund is not itself a taxpayer. It files an annual information return with the IRS, said the MFA, and each investor in the fund pays tax on its pro-rata share of the income of the fund. Thus, while fund personnel have historically focused substantive attention on issues surrounding the proper allocation of taxable items in a partnership environment, explained the MFA, it has been unnecessary for them to devote substantial time to traditional FAS 109 accruals.

For this reason, private investment funds are incurring significant costs in preparing to comply with, and complying with, FIN 48. Even more, many private investment funds make investments outside the United States, said the MFA, and FIN 48 will require them to make an additional layer of judgments concerning uncertainties in the tax laws of other countries.

Finally, the MFA noted that hedge funds need to determine NAV with reasonable frequency, both to establish a price for investments and redemptions, and also for other purposes. As a result of the fiduciary nature of the NAV calculation, and economic fairness to investors that subscribe and redeem at that amount, the MFA believes there are substantial questions whether FIN 48 analyses should be reflected in the NAV of a private investment fund.

The MFA is aware that SEC has concluded that FIN 48 analyses should be reflected in NAV in order to give investors more disclosure. Significantly, however, the SEC said its guidance was limited to assessing tax positions reflected in NAV calculations subject to the Investment Company Act and should not be applied by analogy in other cases.

The MFA believes that there are differences between public and private investment companies that warrant a different conclusion with respect to private investment funds. The MFA stands ready to make a more comprehensive submission on this point if the FASB believes that it would be of assistance.

Guest post by Jim Hamilton

Free Daily Hedge Fund Newsletter

Related to FIN 48:

• Hedge Fund Research
• Investment Book
• Multi-Family Offices
• Credit Default Swaps
• Sovereign Wealth Funds
• Hedge Fund Redemptions
• Hedge Fund Strategies
• Financial Certification
• Hedge Fund Forum
• Distressed Debt Securities
• Hedge Fund Widget/Blidget
• Master-Feeder Fund Structure

Permanent Link: FIN 48

Tags: FIN 48, FIN48, FASB FIN 48, FIN 48 Disclosure, FIN 48 Disclosures, FIN 48 Implementation, FIN 48 FAS, FIN 48 Accounting, FIN 48 Software, FIN 48 Transfer, FIN 48 Transfer Pricing, FIN 48 Adoption, FIN 48 Sample, FIN 48 Effective, FIN 48 Compliance, FIN 48 Examples, FIN 48 Financial

Sustainable Investing

Sustainable Investing & Hedge Funds

Socially responsible investing or SRI as it is sometimes called is set to be much more than a blip on the radar screen of high net worth and institutional investors alike. Just earlier this week there was a new green hedge fund launched.

Another article on this appeared in the FT this week. Here’s a quick excerpt:
_____________

Wealthy people increasingly want to invest their money without harming the environment, possibly heralding the mainstream take-up of such investment principles.

“Even those who aren’t actually doing it are talking about it,” said Matt Christensen, executive director of the European Social Investment Forum, which has surveyed both rich individuals and the wealth managers who look after their money about the topic of sustainability.

Nearly three-quarters of respondents have seen an increase in interest in sustainable investing in the last 12 months, according to the Eurosif survey, which also forecasts more than €1,000bn (£805bn, $1,473bn) of rich people’s money will be in sustainable investments by 2012. This represents a near doubling of the absolute levels in 2007, and a proportionate increase from 8 per cent to 12 per cent of rich people’s wealth.

New money, either from people who have recently become wealthy, or new flows from established investors, is driving the flows into sustainable investment strategies or instruments.

“Successful entrepreneurs of today are not the industrialists of yesterday,” said one survey respondent. “They are younger and more interested in sustainable investments.”

Historically, rich people have led the way in investment trends, taking up hedge funds and private equity before these asset classes became generally popular. Read more…

Free Daily Hedge Fund Newsletter

Related to :

• Hedge Fund Strategy Guide
• Investment Book
• Hedge Fund Conference Alerts
• Hedge Fund Employment Guide
• Financial Certification
• Hedge Fund Forum
• Top 52 Most Popular Articles
• Emerging Markets Research
• Hedge Fund News

Permanent Link: Sustainable Investing

Tags: Sustainable Investing, Investing in Sustainable Technology, Goldman Sachs Sustainable Investing, Sustainable Investments, Invest Sustainability, Hedge Funds and Sustainable Investing, Sustainable Investing hedge fund managers, renewable investing strategies and techniques

Hedge Fund Business

Succession Planning & Hedge Fund Business Tasks

Over half of all hedge fund failures are business related.

Many institutional investors now scrutinize the business a hedge fund is running as much as they do their investment returns. This is important to note as many of even the largest hedge funds fall short within areas such as long term compensation, retirement, risk management and succession planning. To be fair many hedge funds are very performance-based and some see high turnover so spending much time on planning long-term for leadership grooming may not be a wise investment of time. That said, many small funds who are just breaking through the $100-$250M threshold often have dozens of processes, policies and institutional business risk management controls to set in place to please institutional investors and family offices.

Here is a recent article excerpt on this topic:
________________

Hedge fund firms often pride themselves on being ahead of the curve on financial trends but roughly 70 percent lag behind on planning for their own futures, according to a study to be released on Tuesday.

“Regardless of firm size, most participants have not taken all of the necessary steps to ensure a smooth transition in the event of a change in the senior management team,” said Rick Flynn and Alan Kufeld, who provide tax, accounting and consulting services to hedge funds as principals.

While hedge funds used to be small businesses managing several hundred million dollars, the industry has grown up and many fund firms now oversee several billion dollars for big clients such as pension funds that want to see a succession plan.

But most fund managers acknowledge they haven’t thought that far ahead. Less than one quarter of the respondents said they have agreed on a formal succession plan and fewer than 30 percent said they are ready to deal with the death of a managing partner, according to the data.

“This lack of preparedness poses a threat to both the role and personal wealth of the principal and will almost certainly affect the other owners of the management company as well as investors in the firm’s funds,” wrote Flynn and Kufeld about the results. Read more…

Free Daily Hedge Fund Newsletter

Related to Hedge Fund Business:

• Hedge Fund Tracker Tool
• Investment Book
• Geographical Hedge Fund Guides
• Hedge Fund Performance
• Financial Certification
• Hedge Fund Forum
• Tontine Associates
• Viresco International Capital Management
• Eurasia Capital Management
• Halcyon Asset Management
• Asset Management Finance Corp

Permanent Link: Hedge Fund Business

Tags: Hedge Fund Business, The Hedge Fund Business, of Hedge Fund Business, The Business of Running a Hedge Fund, Hedge Fund Business Model, Hedge Fund Business Plan, Business School for Hedge Funds, Hedge Fund Business Operations, Hedge Fund Business Consultant

Viresco International

Viresco International Capital Management – Fund Profile

While this fund seems especially timely given the current commodity/gas pricing environment I have always thought green hedge funds would consistently increase in terms of number of players and demand in the future, when I started this blog I predicted green hedge funds to be one of the top 5 high growth niche areas of the industry.

The following piece on Viresco International Capital Management is being published as part of our daily effort to track hedge fund events in the industry. To review other hedge fund related announcements please see our Hedge Fund Tracker Tool.
___________________________________

Viresco International Capital Management is surfing the green wave with the launch of a clean technology fund. The San Diego-based firm has recently launched the Viresco Opportunities Global Fund, a long/short hedge fund that aims to capitalize on the worldwide boom in clean energy and technologies.

“Viresco Opportunities Global Fund’s objective is to achieve superior absolute total returns through investment in clean technology,” states the fund’s offering memorandum, which was obtained by FINalternatives. “Viresco achieves this investment objective by actively managing a globally diversified portfolio consisting primarily of long and short strategies of publicly traded clean technology equity, debt and derivative securities on a leveraged basis.”

The offering documents say that the fund is unique, “because it covers the entire global spectrum of clean technology verticals. This strategy allows for diversification, risk management and predictability.” The fund is being managed by Karim Salamatian, a partner and chief investment officer at the firm. Prior to joining Viresco, Salamatian was a managing director with BMO Capital Markets in Toronto, Canada. Read more…

Free Daily Hedge Fund Newsletter

Related to Viresco International Capital Management:

• Hedge Fund Tracker Tool
• Hedge Fund Conference Alerts
• Investment Book
• Russian Hedge Fund Guide
• South Africa Hedge Fund Guide
• Mexico Hedge Fund Guide
• Canada Hedge Fund Guide
• Texas Hedge Fund Guide
• San Francisco Hedge Fund Guide
• California Hedge Fund Guide
• Financial Certification
• Hedge Fund Forum

Permanent Link: Viresco International Capital Management
Tags: Viresco International Capital Management, Karim Salamatian, BMO Capital Markets, Viresco, Green Hedge Funds, Socially Responsible Hedge Fund, SRI Hedge Fund Manager

The Spanish River Group

Spanish River Group – Hedge Fund Profile

Another example of how even in a tough market when many funds are closing there are others launching hedge funds who come from large hedge fund shops with experience in the industry. Many times the launch of the hedge fund has been in the making for 1-2.5 years before doors are fully opened so current market conditions don’t have a large effect on those taking a serious approach to the business.

The following piece on The Spanish River Group is being published as part of our daily effort to track hedge fund events in the industry. To review other hedge fund related announcements please see our Hedge Fund Tracker Tool.
___________________________________

Veteran hedge fund professional Stephen Hansen has gone into business for himself. Hansen, who has worked for fund-of-fund Common Sense Investment Management, Fullerton Capital and Drakes Landing, started The Spanish River Group in May.

Based in Florida, The Spanish River Group or TSRG is a long-short equity strategy with a bottom-up approach to stock picking. The hedge fund has no sector bias. Hansen characterized TRSG as using value and momentum investing.

TSRG launched with $900,000 in capital and has a 1.5% management fee and a 20% performance fee as well as a $250,000 minimum investment. Piedmont is the administrator. Harb, Levy & Weiland is the auditors. North Point Trading is the prime broker. Hansen said he wanted TRSG to amass $1 million in its first year. Read more…

Free Daily Hedge Fund Newsletter

Related to The Spanish River Group & Stephen Hansen:

• Hedge Fund Tracker Tool
• Investment Book
• Hedge Fund Conference Alerts
• Financial Certification
• Hedge Fund Forum
• Chicago Hedge Fund Guide
• Boston Hedge Fund Guide
• European Hedge Fund Guide
• Singapore Hedge Fund guide
  
• Dubai Hedge Fund Guide
• Hong Kong Hedge Fund Guide
• China Hedge Fund Guide
• Australian Hedge Fund Guide

Permanent Link: The Spanish River Group

Tags: Stephen Hansen, Common Sense Investment Management, Fullerton Capital, Drakes Landing, Piedmont, Harb, Levy & Weiland, North Point Trading, The Spanish River Group (TSPRG)

Eurasia Capital Management

Below is a press bio on Eurasia, they are the first group to offer a Mongolia-centric hedge fund product. I expect these types of announcements to greatly increase as the barriers to trading in countries such as this drop, hedge funds look for a distinct advantage and traditional “emerging” countries such as China and Brazil fully emerge.

The following piece on Eurasia Capital Management is being published as part of our daily effort to track hedge fund events in the industry. To review other hedge fund related announcements please see our Hedge Fund Tracker Tool

___________________________________

Eurasia Capital Management plans to increase the world’s first Mongolia-focused fund fivefold to $100 million to tap economic growth fueled by the nation’s mining industry.

Eurasia’s hedge funds, which have about $200 million of investments across Central Asia, also expect to sell shares on London’s Alternative Investment Market or Deutsche Boerse AG by next June, said Alisher Djumanov, managing partner of the Singapore-based firm. Proceeds would be used to start private- equity and property funds, and expand in Central Asia, he said.
Mining in Mongolia, which has reserves of coal, copper, gold and uranium, will spur “double-digit” economic growth rates over the next 10 years as commodity prices remain high, Djumanov said in an interview. Mining accounted for about two- thirds of Mongolia’s exports last year, and foreign direct investment in the country rose more than 33 percent.

“The spillover effect from the mining sector will be significant,” Djumanov, 35, said. “We’re investing in companies that are expected to grow significantly on the back of this strong economic growth.” Read more…

Free Daily Hedge Fund Newsletter

Related to Eurasia Capital Management:

• Hedge Fund Tracker Tool
• Investment Book
• Denmark Hedge Fund Guide
• Switzerland Hedge Fund Guide
• Russian Hedge Fund Guide
• South Africa Hedge Fund Guide
• Hedge Fund Forum
• Australian Hedge Fund Guide
• Japan Hedge Fund Guide
• Brazil Hedge Fund Guide

Permanent Link: Eurasia Capital Management

Tags: Eurasia Capital Management, Mongolia, Alternative Investment Market, Deutsche Boerse AG , Alisher Djumanov, MSCI World Index,Investments in Mongolia, Mongoalia Investment, Mongolia Investment Fund, Eurasia hedge fund

Halcyon Asset Management

Halcyon Asset Management – Hedge Fund Press Bio

The following piece on Halcyon Asset Management is being published as part of our daily effort to track hedge fund events in the industry. To review other hedge fund related announcements please see our Hedge Fund Tracker Tool.
___________________________________

Resource #1: Look who’s sitting atop one sector of the hedge-fund world.

Joe Wolnick, 53, the head of Halcyon Asset Management’s $850 million Asset Backed Securities hedge fund, is up 3 percent through Sept. 30, making him one of the only ABS funds with a positive return through the first three quarters of 2008.

The top-of-the-heap position is especially sweet for Wolnick – who started running his first hedge fund just three years ago after a career spent working as a credit risk executive in the distressed consumer and corporate debt business – because he relishes using his street smarts and gut instincts to beat his Ivy League rivals at other firms.

Wolnick, who proudly trumpets his 1977 graduation from Central Connecticut State University on Halcyon’s Web site, held back from buying senior subprime mortgage-backed securities earlier this year despite their high yield. The trader, people familiar with his thinking say, expected the bonds to fall from their lofty prices in the high-60-percent and low-70-percent range.

While others were buying, Wolnick was out soliciting investor cash, waiting for prices to drop and his chance to pounce. This summer, Wolnick beat out 70 other funds to manage a piece of California’s San Bernadino pension fund.

At that point, the market started to notice Wolnick.

By September, prices indeed came down below 50 and Wolnick started buying. Although just a portion of his portfolio, the index of senior tranche of subprime MBS closed the month at 52.08, helped him achieve his 3 percent gain and his prized place atop the heap.

In contrast, two of the most successful hedge-fund traders of recent years, Michael Novogratz and his protegeAdam Levinson, who run Fortress Investment Group’s $9 billion Drawbridge Global Macro fund, which also invests in asset-backed securities, find themselves in an unusual spot – down 13.76 percent through Sept. 30. Read More…

Resource #2: The vice chairman and chief investment officer of hedge fund Halcyon Asset Management has been forced out. The move reportedly follows major redemptions from institutional investors. According to an investor letter dated Tuesday and obtained by The New York Post, Steve Mandis has left the firm, “effective immediately.”

While the letter gave no reason for his departure, FINalternatives has learned that the subsidiary of the $12 billion hedge fund run by Mandis has been performing poorly and that some of the fund’s largest investors are pulling their money.

One source told FINalternatives that it was an “unceremonious” departure. “They are being hit with large redemptions,” said the source. Halcyon declined to comment on the matter.

The subsidiary, Halcyon Structured Asset Management, was co-founded by Mandis in 2004. Mandis also served on the boards and risk management committees of Halcyon and all of its affiliates, except for Halcyon Real Estate Investors.

Prior to joining Halcyon, Mandis worked at Goldman Sachs, where he served as a portfolio manager in the firm’s Special Situations Investing Group, a multi-billion dollar proprietary investing area within Goldman Sachs’ Fixed Income Division. Read more…

Free Daily Hedge Fund Newsletter

Related to Halcyon Asset Management:

• Investment Book
• Gottex Fund Management
• Asset Management Finance Corp
• Financial Certification
• Hedge Fund Forum
• Hedge Funds in India – Proposal
• Geographical Hedge Fund Guides
• Fortress Investment Group LLC
• Andor Capital Management & Daniel Benton

Permanent Link: Halcyon Asset Management
Tags: Halcyon Asset Management, Steve Mandis, Goldman Sachs, Jason Dillow, Vijay Mohan, Halcyon Hedge Fund, Halcyon Capital Management, Halcyon Asset Management Holdings

Hedge Fund List

Hedge Fund List – By State

The lines between hedge funds and private equity firms is blurring. Many hedge funds invest along side or even into private equity firms and many investment firms offer hybrid private equity – hedge fund portfolios.

Thanks to a member of one of our online networking groups I recently found this list of hedge funds by state. This is list is not complete and the industry changes so rapidly it is surely becoming more outdated each month, that said it is hard to find this information online so hopefully this may help you.

___________________________

CT:

Badon Hill Asset Management, L.L.C.
Basso Capital Management, L.P.
Blue Orchid Capital
Bridgewater Associates Inc
DCF Capital
Diamondback Advisors CT, LLC
Dune Partners, L.L.C.
Fossel Capital
JD Capital Management, L.L.C.
Kideral International
Lone Pine Capital, L.L.C.
Monitor Capital, Inc.
Newbury Partners, L.L.C.
Norfolk Markets
North Sound Capital
Norton Capital Management, LLC
P.A.W. Partners
Pirate Capital, L.L.C.
Renaissance Investors, LLC
SAC Capital Advisors, L.L.C.
Sageview Capital, L.L.C.
Silvermine Partners, L.L.C.
Sky Investments
SkyWorks Leasing, LLC
Strategic Value Partners, L.L.C.
The Patriot Group, L.L.C.
Tontine Capital Partners, L.P.
Tudor Investment Corporation
Viking Global Investors, L.P.
Weston Capital Management, L.L.C.
XT Capital Partners, L.L.C.
——————————

Permanent Link: Hedge Fund List

Tags: Hedge Fund list, List of hedge funds, top 100 hedge fund managers list, alpha hedge fund list, free hedge fund list, hedge fund list 100, Hedge Fund Manager list, Hedge Fund of Funds List, List of hedge fund firms, list of hedge fund manager names

Hedge Funds in India

The Benefits of Offering Hedge Funds in India

Here’s a short article on how the Committee of Financial Sector Reforms in India might introduce hedge funds and why this would be a positive move for the Indian markets and fund industry as a whole.
______________________

The Draft Report of the Committee on Financial Sector Reforms headed by Professor Raghuram Rajan was issued for comment in April 2008. Among the proposals that the high-level committee made was the introduction of domestic hedge funds. The committee feels that, “The presence of hedge funds would induce greater competitive pressure for other regulated fund management channels such as mutual funds.”

This week’s article discusses the benefits of introducing hedge funds in the Indian market. It shows how hedge funds could improve asset price efficiency. Besides, such funds, by virtue of their diverse investment styles, could provide investors an opportunity to enhance their risk-adjusted portfolio returns.

Of different genre

Suppose a long-only (mutual fund) manager and a hedge fund manager both have a negative view on SBI, a positive view on HDFC Bank and a neutral view on ITC.

Long-only active managers will buy ITC in the same weight as their benchmark index, may overweight HDFC Bank and may not take any exposure in SBI. There is a reason for such a strategy. Active managers strive to beat their benchmark index. But they do not take too many active bets, lest their bets go wrong. Often, active funds tail the benchmark index with few active bets. Importantly, such managers cannot short-sell to take advantage of their negative view on a stock.

Hedge fund managers’ do not suffer from such constraint. In the above example, the hedge fund manager may overweight HDFC Bank, short-sell SBI and not take any exposure in ITC.

Better still, to neutralise any market risk, the hedge fund manager may buy HDFC Bank and short-sell SBI in such a way that the market risk in HDFC Bank is offset by short-selling SBI. Often, neutralising market risk on a portfolio would mean short-selling Nifty futures.

Exploiting price inefficiency

Hedge funds identify mispriced assets and exploit any price inefficiency. One way to do this is to employ statistical arbitrage.

Suppose a hedge fund manager finds that combination of one share of HDFC Bank and two short shares of SBI (1HDFC – 2SBI) has a stable statistical distribution. If the “spread” wanders far away from its mean, a hedge fund manager would set-up this strategy with a view that the “spread” will tighten. Such relative-value strategies can help arbitrate away asset price inefficiencies in a “normal” market. Read more…

Free Daily Hedge Fund Newsletter

Related to Hedge Funds in India:

• India Hedge Funds
• Investment Book
• Geographical Hedge Fund Guides
• Top 52 Most Popular Articles
• Financial Certification
• Hedge Fund Forum
• Hedge Fund erms & Definitions
• Hedge Fund Tracker Tool
• Hedge Fund Services
• Emerging Markets Research

Permanent Link: Hedge Funds in India – Proposal

Tags: Hedge Funds in India, Mumbai, Bombay, Delhi, Calcutta, Bangalore, Chennai, Madras, Ahmadabad, Hyderabad, Pune, Kanpur, Surat, Jaipur, Lucknow, Nagpur, Indore, Bhopal, Ludhiana, Patna, Vadodara, Agra, Varanasi, Nashik, Mirat, Haora, Pimpri, Allahabad, Amritsar, Visakhapatnam, Rajkot, Jabalpur, Koyampattur, Madurai, Srinagar, Sholapur, Ranchi, Jodhpur, Gwalior, Vijayawada, Chandigarh, Aligarh, Bhubaneswar, Jamshedpur, Bhilai, Jammu, Dhanbad

Pharos Fund

Pharos Financial Group – Hedge Funds

The following piece on Pharos Fund is being published as part of our daily effort to track hedge fund events in the industry. To review other hedge fund related announcements please see our Hedge Fund Tracker Tool.

___________________________________

Resource #1: (11.18.08) oscow-based hedge fund Pharos Financial Group is opening an office in sunnier climes. The Russia-focused hedge fund manager has been licensed to operate in Dubai and is opening an office at the Arab Emirate’s Dubai International Financial Centre.

The US$130 million firm, which was seeded by Soros Fund Management in 1997, is the first Russia-focused hedge fund manager to win approval from the Dubai Financial Services Authority. Founder Peter Halloran pointed to a growing appetite for Russia-focused funds among Persian Gulf Coast investors as a motivation for the new office.

“Our move to DIFC was an easy strategic decision given our expectation that the need for quality asset management in the GCC will grow substantially over the next decade,” he said in a statement. “Pharos intends to fill the niche as the market leader in emerging markets fund management. Already we have seen tremendous appetite from GCC investors for our Russian-focused investment opportunities.” Source

Additional Resources

The following is a list of resources and information that is publicly available about Pharas Fund.

• Pharos fund portfolio.
• Whitepaper on Pharos Fund. The White paper explains how the pharos fund manager makes decisions.
• Every letter to all investors for 2008, from the Pharos Fund and Gas Fund.
• Excel spreadsheet of every Pharos funds performance. So far, 2008 has a negative return on every fund.
• Excel spreadsheet breakdown of Sector allocations for the pharos fund.
• Excel spreadsheet breakdown of Sector allocations for the Gas fund. Pretty self-explanatory, the fund invests in options and futures in oil and natural gas.
• Article about how there will be an increasing demand for natural gas.
• Excel spreadsheet of Pharos small cap fund. The small cap fund uses Russia’s building economy and uses illiquid shares to make a profit.
• Daily market comment and performance of all three funds. The Political Environment is fragile, which will create volatility in the market overall, which is good for each hedge fund.
• Article about how all Pharos funds are down. The MSCI Russia Index is down 32.4% due to “a reversal of fortune from the market’s earlier outperformance.”
• The Georgia conflict severely hurt the Russian economy because investors pulled out more than $7 billion. Russian may not be allowed to host the next Olympics and the U.S. is restricting Visas for Russians.
• Pharos said that the Russian economy is stable, but foreign investors insecurity will create short term-volatility.
• Name of this article pretty much sums it up- “Pharos, TPG to acquire American Beacon Advisors for $480m.”
• Interview with Peter Halloran. Eastern European (Russian affiliated) countries are rapidly growing faster than other developing nations.
• Article about the government planning to increase domestic gas prices by 25-40 per cent, over the next three years.
• A blog post that has a about positive outlook for every Pharos fund, for the month of June.
• Article about how hurricane Gustav may increase gas to $5 a gallon. This may effect pharos gas fund.

Free Daily Hedge Fund Newsletter

Related to Pharos Fund:

• Andor Capital Management & Daniel Benton
• Investment Book
• Citadel Investment Group LLC
• SageCrest LLC
• Financial Certification
• Hedge Fund Forum
• Hedge Fund Tracker Tool
• Martin Asset Management
• Fortress Investment Group LLC
• Children’s Investment Fund Management TCI

Permanent Link: Pharos Fund

Tags: Pharos Fund, Pharos Hedge Fund, Pharos Gas Fund, Pharos Hedge Funds, Pharos Hedge Fund Russia, Russian Hedge Funds by Pharos, Hedge Fund managers Pharos Financial Group Funds

REO Properties

Real Estate Owned (REO) Properties and Listings

Many of you in the hedge fund industry who read my blog also frequently visit Hedge Fund Message Board.com or other online forums. You may remember 9-12 months ago a large set of REO brokers and sales agents practically taking over a few online forum in the online hedge fund community trying to connect with hedge fund managers looking for REOs. They were quickly banned and considered spam but I do get emails from many of them – usually 2-3/week.

Upfront, I want to be clear that I do not want to get into the business of brokering or helping as a sales agent for banks or REO firms. I would like to identify a reputable broker who does work with hedge funds or private investment groups in this area simply because at this point I’m just having to delete emails from these REO agents as I have no way to help them. I’ve never worked with REO related investments so hopefully I’ll connect with a reputable related group this blog.

Here’s an example of a recent email I received on this topic:

Hello and good day Mr. Wilson. I was doing some research on the topic and I came across your blog. I have several potential customers who are looking to buy Bulk REO and / or Notes portfolios , from $10M and up and up. The thing is, it is difficult for me to find any true portfolio providers who can actually perform and do what they say they can do, especially without a lot of hassle and headache. I’m continuously running into a middleman parade, which always kills the deal. It is my understanding that the majority of Bulk REO and / or Notes portfolios are controlled by either asset managers at banks, or hedge funds. I see that you are the founder of Hedge Fund Group (HFG), so i say let me contact you to see if you could help me out. I have what seems like a new potential customer coming my way daily asking me if can fill their Bulk REO and / or Note orders. If you could help me out or point me in the right direction as to who to talk to, i would most gladly appreciate it. Thank you for your time Mr. Wilson, looking to speak to you soon. Enjoy your weekend.

Anyone have any great resources? websites? white papers? or networking groups I could be referring these people to? Thanks in advance for the help, much appreciated.

Free Daily Hedge Fund Newsletter

Related to REO Properties & Listings :

• Hedge Fund Databases
• Investment Book
• Hedge Fund Videos
• Hedge Funds in India – Proposal
• Financial Certification
• Hedge Fund Forum
• Geographical Hedge Fund Guides
• Hedge Fund Conference Alerts

Permanent Link: REO Properties & Listings

Tags: REO Properties, REO Listings, REO Listing, REO Property, Real Estate Owned Properties, Real Estate Owned Listings, (REO), Bank REO, REO homes, REO Real, REO Real Estate, REO Mortgage, REO Sale, REO Agent, REO Broker, REO Realty, REO Agents, REO Brokers, REO GMAC, REO Commercial

Active Account

Active Account Glossary Definition

An active account is a brokerage account that makes many transactions. Some brokerage firms charge a fee to accounts that are less active. This is a way for brokerage firms to make money on accounts that otherwise would not generate revenues.

Read dozens of additional articles like this within the guide to Hedge Fund Terms.

Related to Active Account:

• Terms & Definitions
• Investment Book
• Financial Certification
• Hedge Fund Forum
• Investment Consultants
• Investment Research

Permanent Link: Active Account

Tags: Active Account, active trading account, active brokerage account, active investment account, Definition, Explanation, Term

Dalton Strategic Partnership

Dalton Strategic Partnership – Japan

The following piece on Dalton Strategic Partnership is being published as part of our daily effort to track hedge fund events in the industry. To review other hedge fund related announcements please see our Hedge Fund Tracker Tool.
___________________________________

Resource #1: (5.10.09) Hedge fund manager Steven Persky plans to start betting on companies’ bad fortunes again.

Persky, who runs $1 billion hedge fund firm Dalton Investments, said on Wednesday he will re-launch his distressed debt strategy three years after liquidating two similar portfolios when the strong economy made such investing difficult.

Now that times have changed dramatically, Persky is among a handful of fund managers who expect to make money for their wealthy clients in the distressed area. source

Resource #2: (4.22.09) Another foreign hedge fund has entered the—so far fruitless—effort to improve corporate governance and transparency at Japanese companies.

Los Angeles-based Dalton Investments says it is going to try a less confrontational approach to those used by The Children’s Investment Fund and Steel Partners, who were rebuffed in activist battles in Japan. The firm, which has $818 million in assets, 70% of it invested in Japan, plans to ask nicely, sending the 70 Japanese companies it invests with letters urging them to appoint independent directors and increase share buybacks. source

Resource #3 (12.15.08) Dalton Investments LLC, the Los Angeles-based hedge fund with 70 percent of its assets in Japan, is starting a 50 billion yen ($550 million) fund that will invest in U.S. distressed assets, taking advantage of low prices.

The fund has raised about 10 billion yen from U.S. investors and will begin marketing in Japan by the end of March, said Junichiro Sano, chief executive officer of Dalton’s local unit. It will invest in bonds sold by U.S. companies that once had AAA ratings and have since been downgraded below investment grade, aiming to profit from the high yields on the debt.

Dalton, co-founded by James Rosenwald and Steven D. Persky in 1998, aims to raise its assets under management after they fell 23 percent to about 100 billion yen this year amid the biggest financial market losses since the Great Depression. Global financial institutions have posted about $989 billion in writedowns and credit losses linked to the U.S. mortgage market collapse, pushing corporate bond yields higher.

“There is quite a big interest among Japanese institutional investors in distressed asset investments,” Sano, 53, said in an interview in Tokyo on Dec. 12. “The Lord giveth, and the Lord taketh away.” source

Resource #4: Dalton Strategic Partnership has liquidated its Melchior Japan Hedge Fund following a long period of underperformance.

Launched in 2003 and managed by FuNNeX, the same Tokyo group responsible for the troubled Melchior Japan Investment trust, the fund has hemorrhaged investors recently. Assets had fallen to around £20 million from a high of above £500 million in 2006, and the fund had lost 39.05% over the year to date versus a benchmark loss of just 4.7%, and following several years of double-digit losses.

Investors have been given the option of moving into DSP’s Melchior Japan 002 hedge fund, but many had lost their appetite for Japanese hedge fund investment after several years of underperformance, said DSP head of sales Richard Jones. Read more…

Related to Dalton Strategic Partnership:

• Hedge Fund Tracker Tool
• Investment Book
• Hedge Fund Terms
• Financial Certification
• Hedge Fund Forum
• Singapore Hedge Fund guide
  
• Dubai Hedge Fund Guide
• Hong Kong Hedge Fund Guide
• China Hedge Fund Guide
• Australian Hedge Fund Guide
• Japan Hedge Fund Guide,
  
• Brazil Hedge Fund Guide

Tags: Dalton Strategic Partnership, FuNNeX, Melchior Japan Investment trust, Richard Jones, Hedge Fund Shutdown, Asset Decline, Hedge Funds under-performance, under performance

Vallea Capital

Vallea Capital – Hedge Fund Notes

The following piece on Vallea Capital is being published as part of our daily effort to track hedge fund events in the industry. To review other hedge fund related announcements please see our Hedge Fund Tracker Tool.
___________________________________
Management company Vallea Capital has launched the macro long/short Vallea Fund. The hedge fund aims to achieve consistent above average returns by exploiting long-term and short-term opportunities through investments in fixed income, foreign exchange and global stock indices.
The target is to raise $100 million in the first 12 months.

The fund is co-managed by Alessandro Palmarella and Pascal Monnerat of the fund advisory company BelleVue Conseils Sàrl. Together they have 45 years of industry experience and have traded this strategy together successfully for eight years.

The fund is confident it has the expertise and non-correlated investment style to deliver above average absolute returns with low volatility in all market environments. The fund is domiciled in the Cayman Islands. Minimum investment is €100,000, management fee set at 2%, and performance fee at 20% subject to a high water mark. The hedge fund was launched September 1, 2008. Read more…

Free Daily Hedge Fund Newsletter

Related to Vallea Capital:

• Investment Book
• Distressed Debt Securities
• Hedge Fund Widget/Blidget
• Master-Feeder Fund Structure
• Hedge Fund High Water Mark Definition
• Multi-Family Offices
• Credit Default Swaps
• Sovereign Wealth Funds
• Hedge Fund Terms
• Financial Certification
• Hedge Fund Forum

Permanent Link: Vallea Capital
Tags: Vallea Capital, Alessandro Palmarella, Hedge fund startups, hedge fund startup, hedge fund London, new hedge fund, small hedge fund, hedge fund startup news

Book on Investing

Free Book on Investing & Hedge Funds

Free Book on Investing: In addition to this blog on third party marketing I run a blog on hedge funds. This hedge fund blog contains over 500 articles on the hedge fund industry including hedge fund marketing, due diligence, employment, terms, videos, book reviews strategy definitions and geographical guides. All of these posts are now available for free within a free investing book that I created which simply hosts all of these blog posts within one easy to download package.

Permanent Link: Book on Investing

Tags: Book on Investing, Investing Book, Investing Books, Books on Investing, Books About Investing, Top Investing Books, Free Investing Book, Free Books on Investing, Investing e-book, Books on Investing, Best Investing Book, 10 investing books, Books about investing, Hedge Fund Investing Books

Emerging Markets Fund

Emerging Markets Fund – List

Below please see a list of Emerging Market Funds, thanks to Investment Seek:

• Axiom Investment Management (Hong Kong) – emerging markets hedge fund focused on Asia.
• Farallon Capital Management
• Horseman Capital Management
• Marathon Asset Management
• Moon Capital Management
• Moore Capital Management – Moore Emerging Markets
• Sloane Robinson – SR Global Fund Emerging Markets, SR Vista Emerging Markets
• Thames River Capital (United Kingdom)
• Tudor Investment

Free Daily Hedge Fund Newsletter

Related to Emerging Markets Fund:

• Geographical Hedge Fund Guides
• Hedge Fund Database
• Hedge Fund Administrator
• Hedge Fund Attorneys andLawyers
• Financial Certification
• Hedge Fund Forum

Permanent Link: Emerging Markets Fund

Tags: Emerging Markets Fund, Emerging Markets Hedge Fund, Emerging Markets Hedge Funds, Emerging Markets Equity Fund, Emerging Markets mutual Fund, Global Emerging Markets Fund, Emerging Markets Bond Fund, Global Emerging Markets Fund, Emerging Markets Stock Fund, Emerging Markets Growth Fund

Hedge Funds vs. Banks

Hedge Funds Serving Corporations

One long-term trend I’ve seen in the hedge fund industry is that hedge funds are now competing with banks within several dozen areas of business. Here is a short list of why some corporations are turning to hedge funds instead of Banks.

• Some commercial banks may not have enough money to lend because of timing or relationships in place with the corporation
• Some companies launching hostile takeovers need large amounts of cash quickly and hedge funds can sometimes provide the quickest solution at a competitive rate
• A company may need to borrow money overnight or for several days to make payroll until more of their receivables come in
• Some corporations use hedge funds to fund risky projects that wouldn’t fly with many banks
• Lately corporations have turned to hedge funds or sovereign wealth groups in times of desperation, when they need large infusions of cash to stay afloat

Yesterday I sent a note out about Hedge Fund Conference Email Alerts. The email-based subscribers to my blog could not see the email opt-in form though. If you would like to sign-up for free for these alerts please see this page: Hedge Fund Conference & Event Alert Email List

Free Daily Hedge Fund Newsletter

Related to Hedge Funds vs. Banks:

• Art Investments – A Hedge Fund Strategy Profile
  
• Investment Book – Free Download
  
• Emerging Markets Research Intervew
• Financial Certification
• Geographical Hedge Fund Guides
• Hedge Fund Forum – Connect with other professionals
• Top 52 Most Popular Articles
• Investment Marketing

Permanent Link: Hedge Funds vs. Banks

Tags: Hedge Funds vs. Banks, Hedge Funds and Corporations, Hedge Fund Loans, Hedge Fund Capital Sources, Investments in Corporations from Hedge Funds, Hedge Fund Corporation, Hedge Fund Lending, Hedge Fund incorporation, Hedge Fund Corporations