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Saturday, August 27, 2011

SPOTLIGHT SHINING ON RICHARD WILSON HEDGE FUND BLOGGER DOT COM

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Pension Fund Investment Jobs

Pension Fund Investment Jobs

BE PART OF THE RETIREMENT FUND INCORPORATED TEAM IN LONDON,UK
A pension fund based in Malaysia is looking for qualified applicants for three positions: fund manager, investment analyst and office manager. Hiring preference is given to applicants who have completed the Certified Hedge Fund Professional (CHP) designation. Kumpulan Wang Persaraan (Diperbadankan) (“KWAP”) or Retirement Fund (Incorporated) (“RFI”) is a Malaysian based Pension Fund Institution established on 1st March 2007. Our main business functions are to manage contributions from the Federal Government, Statutory Bodies, Local Authorities as well as administration, management and investment of the Fund in equity, fixed income securities, money market instruments and other forms of investment as permitted under the Malaysian Retirement Fund Act (Act 662).
In line with our business expansion plans, we are in the midst of opening an office in London, UK which will focus on International Equity Investment. In driving to achieve the above objective, we believe that high performance talent is the most crucial element in creating our organization’s success.
As an organization that is in constant pursuit of high performance and excellence, our Employee Value Proposition are as follows:
v We provide an opportunity for individuals to contribute towards the growth of the Malaysian pension fund industry. v We provide personal and professional career growth.
v We offer competitive reward and conducive work environment.
We believe our Employee Value Proposition offers a great opportunity for you to be part of our high performance team members to drive the expansion of our business plan in London, UK.
We welcome you to apply for the following vacancies in our organization that suits your background and expertise. The detailed of the job descriptions of the positions can be further viewed at www.kwap.gov.my
FUND MANAGER
· At least 3-5 years experience in managing equity funds with good track records.
· Bachelor’s Degree in related field e.g. Accountancy, Finance, Business Administration, Economics and/or professional qualification.
· Strong analytical skills and mastery in qualitative and quantitative techniques of equity investment.
· Good knowledge of investment related systems i.e. Bloomberg, Reuters, Datastream.
OFFICE MANAGER
· 3-5 years of experience in office management preferably in investment and financial industry.
· Bachelor’s Degree in Business Administration, HRM or Public Administration.
· Ideally, experience in using Bloomberg and Reuters.
RESEARCH ANALYST
· 3-5 years related experience.
· Bachelor’s Degree in Accountancy, Finance or related field.
· Possess strong technical and analytical skills.
Good knowledge of investment related to Bloomberg,
Reuters and Datastream.
For interested candidates, please submit your full CV stating the current and expected salary, contact numbers together with a recent passport-sized photograph to:
The Vice President
Human Resource Department
Retirement Fund Incorporated
Level 4, Menara Yayasan tun Razak
200, Jalan Bukit Bintang
55100 Kula Lumpur
Closing date: 30 September 2011
Only shortlisted candidates will be notified

Related to: Hedge Fund Update

Tags: Certified Hedge Fund Professional program, hedge fund training program, hedge fund certification, hedge funds training, CHP, Kumpulan Wang Persaraan, Malaysia Retirement Fund Link to This Resource: Pension Fund Investment Jobs http://richard-wilson.blogspot.com/2011/08/pension-fund-investment-jobs.html
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Read more on Retirement, Hedge Funds, Investment at Wikinvest

What Every Hedge Fund Resume Needs

What Every Resume Needs

What Every Hedge Fund Resume Needs: the CHP Certificate

I have reviewed countless hedge fund resumes and, to tell you the truth, they all look the same. This can be frustrating for hedge fund employers because they have a pool of applicants with no unique qualifications to base a hiring decision on. So, how can you distinguish yourself from all the other job candidates? After speaking with managers and hedge fund recruiters, we created a solution: the Certified Hedge Fund Professional (CHP) designation.

We realized that hedge funds want to see that their applicants and employees are dedicated to the hedge fund industry and have made an investment in their career by completing our hedge fund training program. The CHP program is designed by hedge fund professionals for hedge fund professionals and provides participants with specialized knowledge on hedge fund investment strategies, terms, risk management, due diligence and capital raising.

The CHP is the #1 hedge fund training program and to date we have trained over 1,200 hedge fund professionals. Here are just a few of the many benefits of the CHP program:
  1. Be able to instantly improve your resume and make it more hedge fund focused and specialized, so you are positioned well against others with generic qualifications and training.
  2. Be completing the #1 globally recognized hedge fund training and certification program dedicated exclusively to hedge fund professionals.
  3. Gain access to our practice tests, over 50 video modules, expert interviews with hedge fund veterans, career workbook, resume template, hedge fund startup e-book, coaching from our team, and advanced study guides.
Make your hedge fund resume stand out with the CHP certificate. To learn more about the Certified Hedge Fund Professional program visit: http://hedgefundcertification.com/Enrollment

Related to: What Every Hedge Fund Resume Needs

Tags: hedge fund resume, hedge fund qualifications, hedge fund credentials, what every hedge fund resume needs, hedge fund training, hedge fund training program, what is the CHP, CHP, certified hedge fund professional, hedge funds training, hedge fund career, hedge fund jobs
Link to This Resource: What Every Hedge Fund Resume Needs
http://richard-wilson.blogspot.com/2011/08/what-every-hedge-fund-resume-needs_24.html

Hedge Fund Investor

Hedge Fund Investor Types

Free Video: How to Target Different Hedge Fund Investors

I have worked for years in hedge fund marketing and capital raising and in the following video I share my experience with you. I explain the types of investors that hedge funds target, why hedge funds focus on these investors, and how this changes when a hedge fund has a larger AUM. If you are reading this article via our daily email newsletter please click here to watch the embedded video on our website. (Please note that these investor types are generalizations and only serve as guidelines and do not take any action without speaking with a compliance officer or attorney who is an expert in this area.)



Here are some of the key lessons from this hedge fund marketing video:
  1. For emerging managers and hedge funds that are in the AUM range of $100,000 to $10 million then you are limited in the types of investors you can target.
  2. At this AUM, you should look to hedge fund seeders, friends and family, and small wealth management firms.
  3. At the AUM range of $10 million to $100 million your "sweet spot" includes wealth management firms, high-net-worth individuals, still seed capital providers and smaller family offices.
  4. Once you reach the $100 million+ AUM level you can more effectively market your hedge fund to family offices, institutional investors, wealth management firms, etc.
  5. At $1 billion all doors are open and your concerns will likely shift to performance, business management, risk management and other aspects of your hedge fund instead of assets under management.
I hope that this free video on hedge fund investor types has given you helpful strategies on how to market your hedge fund. I frequently provide hedge fund marketing training to hedge funds through the Hedge Fund Group's annual conferences and workshops. If you want to spend eight hours learning how to more effectively market your hedge fund from expert speakers, then join us for our next full day workshop at the Harvard Club of Boston: http://hedgefundgroup.org/Family-Office-Workshop.html

Related to: Hedge Fund Investor Types

Tags: hedge fund investors, targeting hedge fund investors, hedge fund investor types, hedge fund investor, hedge funds investor, what is a hedge fund investor, different hedge fund investors, family offices, institutional investors, hedge fund marketing, hedge fund capital raising, hedge funds capital raisingLink to This Resource: Hedge Fund Investor
http://richard-wilson.blogspot.com/2011/08/hedge-fund-investor.html
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Read more on Hedge Funds at Wikinvest

Hedge Fund Marketing Video

Hedge Fund Marketing Video

Fund Marketing Video: Capital Raising Tips & Strategies

I have recorded the following video based on my years of experience in capital raising, sales and hedge fund marketing. In this video, I share with you a common piece of advice that may seem somewhat obvious but is too often overlooked, a less obvious piece of advice as well as a technique that you can use in your hedge fund marketing. If you are reading this article via our daily email newsletter please click here to watch the embedded video on our website.


Lessons from this Hedge Fund Marketing video:

  1. Common knowledge is more valuable than specialized knowledge.
  2. You will increase your marketing success by focusing on specialized knowledge instead of just general knowledge.
  3. There is no magic bullet in capital raising.
  4. "If you want to have what others don’t, you have to do what others won’t."
  5. Understanding and marketing directly to your hedge fund investor avatar can dramatically increase your chances of success.
I hope that this free video has given you some useful tips on how to effectively market your hedge fund. I frequently provide hedge fund marketing training to hedge funds through the Hedge Fund Group's annual conferences and workshops. If you want to spend eight hours learning how to more effectively market your hedge fund, then join us for our next full day workshop at the Harvard Club of Boston: http://hedgefundgroup.org/Family-Office-Workshop.html

Related to: Hedge Fund Marketing Video

Tags: Hedge Fund Marketing Video, Hedge Fund Marketing Videos, hedge fund marketing tips, hedge fund marketing plan, hedge fund capital raising, fund marketing, third party marketing, hedge fund capital, hedge funds marketingLink to This Resource: Hedge Fund Marketing Video
http://richard-wilson.blogspot.com/2011/08/hedge-fund-marketing-video.html
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CHP Quotes

CHP Quotes

200+ Reasons to Join the CHP Designation Program

If you're wondering whether or not you should join the Certified Hedge Fund Professional program, you now have more than 200 reasons to enroll in the CHP. Our participants let us know exactly what they think of our hedge fund training program and their response has been a overwhelmingly positive.

One hedge fund manager even told us, "I would recommend the CHP program and this process to anyone who wants to learn more about Hedge funds and be a hedge fund professional."

From hedge fund managers to executives at top investment banks, past participants have shared their CHP experiences so that you can learn of the many benefits of completing this program. We've collected more than 200 of these testimonials in both video and text format so you can see what CHP participants are saying about our program.

A VP at a leading investment bank described his experience with the Certified Hedge Fund Professional program: "The CHP curriculum is a great place for people within or entering the industry to gain a fundamental foundation on the history, structure, and concept of the Hedge Fund Industry with freedom of time allocation and limited cost."

To read more great quotes like this from the hedge fund professionals who actually took the program, visit this page: http://hedgefundcertification.com/Quotes.html

Here's one more actual quote from an investment analyst who completed the CHP program: "The CHP program is a valuable and comprehensive certification which will allow participants to truly make informed choices in the hedge fund industry - both as investors and as professionals. Achieving a CHP designation demonstrates a level of professionalism which is recognized, and sought after, by hedge fund employers and others in the investing industry."

Related to: CHP Quotes

Tags: CHP Quotes, CHP testimonials, hedge fund group, certified hedge fund professional certification program, hedge fund certification, hedge fund training program, hedge funds training, hedge fund training, online hedge fund training, what is the CHP?, what is the certified hedge fund professional program?Link to This Resource: CHP Quotes
http://richard-wilson.blogspot.com/2011/08/chp-quotes.html
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[Chart] "Hedged" Funds... or Not? (Fund my Mutual Fund, 8/21/11)
Read more on C&D Technologies, Hedge Funds at Wikinvest

Bearish Hedge Funds

Bearish Hedge Funds

Hedge Funds Most Bearish Since 2009 as Stocks Slide

Hedge funds are the most bearish they have been since 2009, according to recent data. Reports of an economic slowdown in the US and the European debt crisis have led many hedge fund managers to favor short selling over long bets. Hedge fund short selling activity is reportedly at the highest level in two years.
An index of hedge fund assets from International Strategy & Investment Group dropped to 45.8 on Aug. 16, showing the most short selling in two years, down from a 2011 high of 54.2 in February. The research firm and broker-dealer surveys 35 hedge funds with about $84 billion under management every week.
Professional investors are selling after the MSCI All- Country World Index dropped 15 percent since July 22 and the Standard & Poor’s 500 Index posted record swings. Equities fell yesterday after Lars Frisell, the chief economist at Sweden’s financial regulator, said it won’t take much for interbank lending to freeze, and data showed the U.S. economy is stalling.
“Hedge funds are sensing a European fiscal denouement on the horizon and they understand that contagion can hit the U.S. very quickly,” Steve Shafer, who helps manage $300 million as chief investment officer of Oklahoma City-based Covenant Investors, said in a telephone interview. “Hedge funds are pretty nimble traders with a short-term focus, so they’re protecting what they’ve got and they are preparing for a potential capitulation of the market.” Source

Related to: Bearish Hedge Funds

Tags: Bearish Hedge Funds, hedge funds bearish, hedge funds pessimism, hedge funds short selling, hedge funds short, hedge fund short trades, hedge funds short-selling, hedge fund short-sales, hedge fund shortLink to This Resource: Bearish Hedge Funds
http://richard-wilson.blogspot.com/2008/08/bearish-hedge-funds.html
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Creating a Hedge Fund Website

Creating a Hedge Fund Website

What You Need to Know About Creating a Hedge Fund Website

What you need to know about creating a Hedge Fund Website


A website for your Hedge Fund can be your biggest asset. When created in compliance with the SEC regulations, it provides a way for investors and potential investors to view your monthly letters, historical performance, return & quantitative statistics, as well as any marketing materials that you have created. Your website can also act as a lead sourcing tool which gathers information on perspective investors while giving you the final say as to whether they are qualified or not to view your information.

While your website can be your biggest asset, not all hedge fund websites are equal, and if your website is not in compliance with the SEC regulations it can be a massive liability. Choosing the team that you work with is extremely important.

The Design Components of a Hedge Fund website

Your Hedge Fund website design is the first thing that a potential investor will see when they visit your site. This first impression is incredibly important as in many cases an investor will not even bother communicating with a fund.

When an investor is looking for a natural energy investment to balance out their portfolio, and your website design contains imagery which is associated with that strategy, you have made a connection with your investor before you have even spoken with them.

On the other hand if you are a more traditional fund, yet the website design that you have chosen is edgy and slick, you may be portraying flair and an image that your target conservative investors may not be comfortable with.

With over 10 years of experience in working directly with investors and hedge funds, the HedgeCo Website team has experience that is unmatched in the industry.

The Functionality of your Hedge Fund Website

Hedge fund investors are getting increasingly more sophisticated, both in their investment choices as well as the level of information and data they need from the hedge funds in which they have chosen to invest.

Emailing out a Quarterly Statement is no longer sufficient to retain your current investors and acquire new investors.

The HedgeCo Websites platform has been built from the ground up to provide hedge fund management with the tools which will enable them to provide investors will all the information they need to make informed choices. We have a full time, US-based programming team who specializes in developing technology solutions for hedge funds, if you are looking for specific technology, we’re would be very happy to develop a custom solution for you.

SEC Compliance the LAMP Letter

Is it legal for a hedge fund to have a website? In 1997 a firm called Lamp Technologies had this same question and received a “No Action” letter from the SEC which stated that as long as a few specific features were included in the website, they would not consider putting hedge fund specific information on the website a “Public Solicitation”.

HedgeCo Websites takes extreme care to ensure that the websites we create are 100% compliant with the LAMP Letter.

One important thing to keep in mind is that unless a security system has been thoroughly tested by industry experts it should not be considered an option. We have seen websites which the fund management believe are totally secure and password protected. While on the outside they may look secure, sometimes by doing as little as crafting a google search for fund-specific information we find that all the fund information is available to the public.

If your fund information is not 100% secure and locked down from public view you are in violation of SEC regulations and are in jeopardy of being sued by the SEC.

The HedgeCo Website team has created websites for over 600 funds. We know security like nobody else in the business.

For more information about Hedge Fund Websites, please visit http://www.hedgecowebsites.com or Call 561 835 8690 for a free consultation on your website.

Related to: Creating a Hedge Fund Website

Link to This Resource: Creating a Hedge Fund Website
http://richard-wilson.blogspot.com/2011/08/creating-hedge-fund-website.html
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Read more on Hedge Funds at Wikinvest

London Hedge Fund Internship Opportunity

Hedge Fund Internship Opportunity

For those of you looking to break into the hedge fund industry we have a lead for you. A hedge fund out of London has approached the Hedge Fund Group (HFG) and is requesting a intern to work for their hedge fund.

If you are a current or past Certified Hedge Fund Professional (CHP) member we would strongly encourage you to apply to this position if you are currently looking for internship experience.

Here is the description of the internship:

Our team is looking for an intern to join a quantitative hedge in central London 3 month+ position. Role is operational and supporting will include a large amount of sales and marketing research. Excellent opportunity to gain understanding of inside workings of a hedge fund. Applicants must have a strong mathematical understanding and an interest in finance and marketing. Please send CVs and covering letters to angus.morison@c-i-technologies.com.

Related to: Hedge Fund Internship Opportunity

Tags: Hedge Fund Internship in London, London Hedge Fund Internship, hedge fund manager internship, quant hedge fund internship, internships at quant hedge funds, how to get a quant internshipLink to This Resource: London Hedge Fund Internship Opportunity
http://richard-wilson.blogspot.com/2011/08/london-hedge-fund-internship.html
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Read more on Hedge Funds at Wikinvest

Hedge Funds Financial

Hedge Funds Cut Financial Stocks

Hedge Funds Trim Financial Stock Before Huge Losses

John Paulson, George Soros and Steve Mandel avoided potentially huge losses on financial stocks. The last couple of weeks have been horrible for those holding bank stocks especially, with the share prices of large banks like Bank of America (BAC) and Citigroup (C) sliding rapidly. Tudor Investment Corp. and TPG-Axon Capital Management LP, Paulson & Co., Lone Pine Capital LLC and Soros Fund Management all cut financials especially banks according to recent disclosures.
Hedge funds run by John Paulson, George Soros and Steve Mandel cut back on bank shares in the second quarter, before Citigroup Inc. and Bank of America Corp. lost more than one-fifth of their value.
Tudor Investment Corp. and TPG-Axon Capital Management LP were among those trimming banks, according to filings made to the Securities and Exchange Commission by yesterday's deadline. Fidelity Investments, the second-biggest U.S. mutual-fund company, sold 25 million shares of New York-based JPMorgan Chase & Co., or about 21 percent of its stake.
Money managers had been wagering that shares of banks and other financial institutions would benefit from an economic recovery. As the year progressed, some managers got spooked by banks' exposure to mortgages the institutions made before the housing bubble burst, said Manal Mehta, a partner at Branch Hill Capital, a San Francisco-based hedge fund that has short positions on Charlotte, North Carolina-based Bank of America.
Source

Related to: Hedge Funds Financial

Tags: Hedge Funds Financial, Hedge Funds Financial stocks, Hedge Funds cut financial holdings, hedge funds bank holdings, bank of america, citigroup, JPMorgan Chase, bank holdings, Hedge fund financial holdingsLink to This Resource: Hedge Funds Financial
http://richard-wilson.blogspot.com/2011/08/hedge-funds-financial.html

Farallon Capital Management BP

Farallon Capital Management BP

Environmentalist Thomas Steyer's Farallon Capital Buys BP

It may seem odd that a well-known environmentalist's hedge fund would purchase 1.8 million shares of BP (BP), the oil company that was largely reviled for the oil spill off the Gulf Coast last year. But that's just what Thomas Steyer's hedge fund Farallon Capital Management did. Recent disclosures revealed that Farallon Capital Management purchased $1.8 million shares of the oil giant worth about $80 million as of June 30. Manager Thomas Steyer and his wife have donated millions to create a sustainable-energy research center at Stanford University.
Considering the Deepwater Horizon explosion last year, BP is an unusual investment for Steyer, who with his wife donated millions to a create a sustainable-energy center at Stanford University in 2008. Farallon bought 1.8 million shares of BP during the second quarter, which had a market value of nearly $80 million as of June 30, according to the fund's latest 13F filing with regulators.
Hedge funds that manage more than $100 million are required to disclose their equity holdings, options and convertible debt on a Form 13F filed to the Securities and Exchange Commission within 45 days of the end of a quarter. Funds aren't required to report short positions betting on declines. Farallon Capital ended the second quarter with 61 reported holdings with a market value of nearly $3.1 billion.
Farallon's other new buys in the second quarter included FedEx(FDX_), Expedia(EXPE_), Youku.com(YOKU_), and Tenet Healthcare(THC_). In total, the hedge fund reported 15 new holdings for the second quarter. Source

Related to: Farallon Capital Management BP

Tags: Farallon Capital Management BP, Farallon Capital Management, Farallon Capital Management Thomas Steyer, Thomas Steyer BP, British Petroleum, Thomas Steyer Farallon CapitalLink to This Resource: Farallon Capital Management BP
http://richard-wilson.blogspot.com/2011/08/farallon-capital-management-bp.html

Hedge Fund Tear Sheets

Hedge Fund Tear Sheets | One Pagers

Our team is looking into developing software that will allow hedge fund managers to create their own tear sheets on the fly, and on demand without the use of a graphic designer.

To do this will require a substantial investment in software development, but we are willing to do this if there proves to be demand in the industry for this type of a solution.

If you are are interested in being notified once such as a solution is released please type in your first name and email address below and we will keep in touch. If you are reading this via our email newsletter please click here to visit our site and submit your information so we can keep in touch.

Hedge Fund Tear Sheet Interest Form

Related to Hedge Fund Tear Sheets

Tags: hedge fund tear sheets, hedge fund tear sheet, hedge fund one pagers, hedge fund one pagers, hedge fund tearsheet, hedge fund tearsheets, tear sheets for hedge fund managersLink to This Resource: Hedge Fund Tear Sheets
http://richard-wilson.blogspot.com/2011/08/hedge-fund-tear-sheets.html

Paris Hedge Funds

Paris Hedge Funds

France Encouraging Managers to Start a Hedge Fund in Paris

At a time when European countries are cracking down on hedge funds with regulations and taxes, France is taking steps to encourage hedge funds to set up shop in the country. But can Paris really compete with major hedge fund hubs like London and New York? Patrice Bergé-Vincent, head of the asset management regulation policy division at the AMF, the French financial market regulator, seems to think so.

In a recent roundtable discussion Bergé-Vincent signaled that France was looking to welcome hedge funds to do business in the country saying, "We prefer to have more managers, more management companies in France." The government is also considering initiatives like a national seeding fund that aim to encourage managers to start a hedge fund in Paris. Some managers expressed skepticism at the idea, however, given the tough regulation and France's recent ban on short selling of the country's financial firms.
The moves come amid figures showing France accounts for just 0.63% of global assets in single-manager hedge funds, compared with 12.45% of global assets that are run out of the UK, according to data provider Hedge Fund Research. Almost four-fifths of assets are managed by US-based firms.
Some may find the AMF’s eagerness to attract hedge fund managers to France at odds with its actions elsewhere. Yesterday the French regulator announced a ban on taking short positions in 10 French financial stocks, a move that provoked opposition from the hedge fund trade body the Alternative Investment Management Association, which argued that legitimate short selling plays an important role in financial markets.
Reza Ghodis, managing partner and founder of Darius Capital, a hedge fund advisory firm, said that while Paris is attractive from both a professional and a personal perspective, it would be difficult for it to become a meaningful hedge fund centre without a strong local investor base. Source

Related to: Hedge Funds in Paris

Tags: Hedge Funds in France, Hedge Funds France, French Hedge Funds, French Hedge Fund Managers, France Hedge Fund Managers, Hedge Fund Managers in France, Paris Hedge Funds, Hedge Funds in Paris, Parisian Hedge funds, Paris Hedge Fund Managers, Paris Hedge Fund Investors, Investors FranceLink to This Resource: Paris Hedge Funds
http://richard-wilson.blogspot.com/2011/08/paris-hedge-funds.html

Hedge Funds Banks

Hedge Funds Banks

Hedge Funds Staying with Banks Despite Losses

If you've been watching the stock markets for the last few days you'll know that much of the volatility has centered around the financial sector. American banks have been up and down (mostly down) for the last couple trading days and yesterday's fears were mainly focused on French banks and the troubles in Europe which sparked a major sell off. While many investors have fled banks, hedge funds are reportedly sticking with many of the banks with sliding stock prices.
Hedge funds are not behind recent falls in French bank stocks, say prime brokers, and have actually held onto their positions in European banks through the losses in the belief the sector is cheap and can ride out the current storm.
Despite another choppy day for French banks Societe Generale , BNP Paribas and Credit Agricole , hedge funds think the bank sector is trading on economic worries rather than fundamentals, say prime brokers, who execute trades and provide leverage for hedge funds.
Well-placed industry executives also report relatively little activity from hedge funds -- many of whom snapped up bank shares near the market low in 2009 -- in French banks relative to UK banks.
"There are some fundamental convictions that people have, and they feel they're going to stick with these convictions through this turbulent time, as the market is more macro-political in its direction than fundamental," said one prime broker who spoke on condition of anonymity. Source

Related to: Hedge Funds Banks

Tags: Hedge Funds Banks, Hedge Funds Bank, Hedge Funds Banking, Hedge Funds finance, Hedge Fund, hedge funds investing in banks, banks and hedge fundsLink to This Resource: Hedge Funds Banks
http://richard-wilson.blogspot.com/2011/08/hedge-funds-banks.html
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Read more on Hedge Funds at Wikinvest

Asian Hedge Funds Stock Market

Asian Hedge Funds Stock Market

Some Asian Hedge Funds Making Gains in Stock Turmoil

Some Asian hedge funds are actually doing well in this volatile market, according to Thomson Reuters. Vulpes, a hedge fund ran by hedge fund star Stephen Diggle, and Tantallon Capital have emerged as winners at a time when many investors--including many hedge funds--have been racking up losses over the last few days.
Asian hedge funds Vulpes, started by industry veteran Stephen Diggle, and Tantallon Capital are emerging as winners in a volatile August that has wiped out more than $3.8 trillion from global stock markets.

Diggle, who made a fortune during the financial crisis, said his long Asian volatility and arbitrage hedge fund LAVA gained about 4 percent in the first six trading days of the month.

The fund gained as its bets on volatility going up paid off as the U.S. government struggled to piece together a deal addressing its long-term fiscal problems and S&P cut its AAA rating.

Tantallon Capital, founded in 2003 by former Morgan Stanley wealth management executive Alex Hill and Nicholas Harbinson, who earlier worked at Merrill Lynch and Goldman Sachs , gained 4.15 percent in its flagship fund last week, according to a letter to investors seen by Reuters. Source

Related to: Asian Hedge Funds Stock Market

Tags: Asian Hedge Funds Stock Market, Asian Hedge Funds Stocks, Asian Hedge Funds, Asian Hedge Fund, Stephen Diggle, Tantallon Capital, Vulpes, Vulpes Stephen DiggleLink to This Resource: Asian Hedge Funds Stock Market
http://richard-wilson.blogspot.com/2011/08/asian-hedge-funds-stock-market.html
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Read more on Hedge Funds at Wikinvest

Hedge Funds Stock Market Trading

Hedge Funds Stock Market Trading

Many Hedge Funds Hurting from Volatility, Debt Crisis

While yesterday we covered the few top hedge funds who have been able to make gains during the tumultuous global debt crisis. Now, with the last few trading days hurting many investors, hedge funds are said to be suffering just like many traders. While the evidence is largely anecdotal at the moment, many hedge funds were reportedly wounded during U.S. stock sell-off yesterday and the volatile trading last week.
Hedge funds, considered the stalwarts of the investing world, are feeling the pain just like everyone else.

Monday's panicked U.S. stock sell-off, which drove the S&P 500 down more than 6 percent, is affecting investors from average Americans to the world's richest hedge fund managers, investors and fund managers said.

The losses triggered by Europe's debt crisis and the downgrade of America's triple-A credit rating are not expected to be as damaging as the 2008 financial crisis, but they are sure to be very deep and could make 2011 very difficult for the $2 trillion (1.22 trillion pounds) hedge fund industry.

Indeed, through the end of July industry numbers were mediocre at best with the average fund up only 1.55 percent, according to Hedge Fund Research. Source

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Read more on Hedge Funds at Wikinvest

Hedge Funds Global Debt Crisis

Hedge Funds Global Debt Crisis

Top Hedge Funds Profit During Global Debt Crisis

During the turmoil in the markets over the last few weeks, several top hedge funds have been able to profit while many other investors have lost money. The global debt crisis has caused many fund managers and investors to suffer as the markets continue to shift unpredictably, however, hedge funds including Brevan Howard, Man Group's AHL and Winton have been able to make money during this volatile period.
Big-name hedge funds such as Brevan Howard, Man Group's AHL and Winton are making money for investors despite Europe's deepening debt crisis which has plunged global financial markets into turmoil.

As global stocks sank for an eighth straight session on Friday, hitting the performance of many hedge funds, some top managers are profiting from trades such as exposure to gold, which is up 11 percent since the end of June as investors run for safe havens.

Funds have also made money shorting European bank stocks and betting against the debt of companies in sectors such as financials, cyclicals and telecoms.

And anecdotal evidence suggests managers have moved away from bets on CDS (credit default swaps) on countries such as Greece, Portugal and Ireland, and are now betting on the next tier of countries, such as Italy, or on countries like France whose CDS are already moving on worries over the euro zone's problems. Source

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John Paulson Hedge Fund 2011

John Paulson Hedge Fund 2011

Paulson & Co. Still Adding Losses Through July 2011

In prior years, John Paulson made headlines for his gains, not his losses. In 2011, Paulson & Co. has struggled to generate returns and the firm's largest fund is reportedly down 22% through July, a startling turn of events for the hedge fund manager who made billions during the housing and financial crisis.
Paulson & Co.'s annus horribilis continued into July—and shows no signs of stopping.
The New York-based hedge fund dug itself an even deeper hole last month, with most of its hedge funds—with the notable exception of its gold-denominated share classes—taking another bath.
The firm's largest fund, Advantage Plus, lost 4.6% in July and is down a whopping 22% for the year. Its flagship Advantage fund fell 3.3% on the month and is down 15% on the year.
Investors in the gold versions of both funds are doing much better, if not well: Advantage Plus gold-share clients are down 10% on the year after adding 1.5% last month, which Advantage clients are down just 2.1% after that fund rose 5.2% in July. Source

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Fortress Investment Group Loss

Fortress Investment Group Loss

Fortress Investment Group Posts 13% 2Q Revenue Loss

Fortress Investment Group continues to boost assets under management despite stiff losses in the second quarter of 2011. A decline in segment revenue contributed to losses for the hedge fund and private equity fund management firm. CEO Daniel Mudd expressed his dissatisfaction with the second quarter loss, "Our earnings today were just off expectations, but further off what we expect from ourselves."
Fortress Investment Group LLC's (FIG) second-quarter loss widened on a double-digit decline in revenue, in what the private-equity and hedge-fund manager admitted were disappointing results.
Losses in the firm's liquid hedge funds, which invest in liquid assets like equities and commodities, wiped out "substantially all" of the accrued performance fees recorded in the first quarter, Fortress said.
Fortress Macro Fund Ltd. posted a 5.4% net decline in the second quarter, while Drawbridge Global Macro Fund Ltd. and Fortress Commodities Fund L.P. recorded losses of 6% and 6.4% respectively. The funds were still down between 4.1% and 5.7% this year through July. But its Asian fund held up with a 3% gain in the first seven months.
Alternative-investment managers like Fortress have posted poor hedge fund performance recently amid the volatile economy and weakness in commodities.
But Fortress said it's optimistic about the second half, saying its credit business continues to generate strong returns and its private equity business has continued valuation gain. Source

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Stephen Diggle Hedge Fund

Stephen Diggle Hedge Fund

Stephen Diggle's New Hedge Fund Betting on Volatility

Stephen Diggle made a name for himself in 2007 and 2008 by making his investors $2.7 billion. The Singapore-based hedge fund manager has been very active betting on price changes in government debt, currency and commodity markets.
There has been an “unprecedented level of transfer of indebtedness from banks to governments” after the global financial crisis that followed the 2008 collapse of Lehman Brothers Holdings Inc., said Diggle, who started Vulpes Investment Management after liquidating Artradis Fund Management Pte’s volatility funds this year.

“The fault lines have moved away from the private sector to the public sector,” Diggle, 47, said. “These sorts of distortions are coming about principally because of government activity rather than excessive fear or greed amongst investors, which is what normally causes volatility.”

European leaders are trying to keep the bailouts of Greece, Ireland and Portugal from spreading to Spain and Italy, and ratings firms have threatened to cut the U.S.’s AAA credit rating. In contrast, non-financial companies’ balance sheets are strong and stock valuations are currently “not extreme,” Diggle said. Source

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Hedge Fund Partnerships

Hedge Fund Partnerships

Hedge Funds in Asia Seek Partners to Mitigate Risk, Costs

Small hedge funds in Asia are sacrificing autonomy for partners that will help them overcome the initial startup and infrastructure costs. By partnering with a larger hedge fund management firm, many small hedge funds are meeting investor demands for strict risk standards and having a partner that will help share costs.
“I’ve seen a lot of people invest in infrastructure and just struggle to ever recoup that, limping along for ages,” Dickson, 41, said in an interview in Singapore. “I won’t have to spend days with regulators, risk officers and compliance people; I just focus on running my fund.”

Asia’s smaller hedge funds are sacrificing autonomy for organization to help share costs and meet stricter risk standards demanded by investors in the aftermath of Lehman Brothers Holdings Inc.’s bankruptcy and Bernard Madoff’s ponzi scheme. At least 10 firms in Asia are now offering services such as trade execution and office support, taking a cut of the manager’s revenue or equity in the fund.

Firms that provide hedge funds with operational functions are not new to the U.S. and Europe, where companies such as FrontPoint Partners LLC of Greenwich, Connecticut, and Stockholm-based Brummer & Partners have built multi-manager businesses that offer support to smaller funds. Asian funds, which typically had tried to remain independent, are now more tempted to pool efforts after superior returns failed to attract assets, said Peter Douglas, principal of Singapore-based GFIA Pte. Source

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Hedge Funds Pay Disclosure

Hedge Funds Pay Disclosure

Hedge Funds Face Regulations on Bonuses, Pay Disclosure

Hedge funds and private equity firms thought they had escaped curbs on pay from Britain's Financial Services Authority and other European regulators, but that doesn't seem to be true, according to PwC. Hedge funds and private equity firms are running into rules on how and when bonuses are paid and more pay disclosure.

Many managers thought they would be able to avoid the pay regulation of financial institutions in Europe's Capital Requirements Directive but many of the new policies actually apply to asset management firms including private equity and hedge funds, an unwelcome surprise to many.
The AIFMD paper, published last week, targets asset managers, extending the reach of regulations made in Europe's Capital Requirements Directive, which referred only to "financial institutions" and which many managers thought they could avoid, Wright said.

"The rules will mean sweeping changes to the pay policies and practices of many asset management firms. Many thought they'd escaped the brunt of banking pay regulations, but they're coming back to bite," said Tim Wright, reward director at PwC.

Under earlier rules from the FSA, many asset managers fell into the most leniently treated group, while most private equity houses were exempt.

Most managers will now ultimately face much tougher rules, PwC said.

The new measures in the AIFMD -- a controversial piece of legislation that raised hackles when first proposed in the wake of the credit crisis -- require firms to pay at least half of bonuses in stock and defer between 40 and 60 percent of variable pay for around three to five years. Source

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