Regulatory load mounts for European managers
Late last week in London, the current state of hedge fund industry regulation was ably summarised by panellists at The IMS Group Regulatory Forum
19/11/2009
Texas Tech pulls out of New Castle fund
The flow of redemptions out of New Castle Partners is set to increase as the $670m Texas Tech University Endowment pulls its capital.
Texas Tech will redeem $12m from New Castle Partners on 1 December. The endowment has recently added three new hedge funds to its portfolio and is searching for long/short managers to help fill its allocation target.
New Castle Partners was caught up in the insider trading probe brought against Galleon and which has spread to include lawyers, management consultant and traders.
Danielle Chiesi, portfolio manager at New Castle, and Mark Kurland, a senior managing director and partner at the firm, were arrested as part of the insider trading investigation.
Following reports of New Castle’s association with Galleon, UBP liquidated its New Castle Market Neutral US Equity Fund, a Ucits III compliant US long/short equity strategy. It was the first time the Swiss private bank had outsourced the management of one of its products.
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Editor's view: 1 February 2012
It’s well known that our industry likes to be viewed as on-trend, an early adopter, and generally ahead of the curve
Comment: William Keunen
"The administration function will continue to expand its horizons to meet the demands of the increasingly complex environment"
The institutional outlook
A recent survey of institutional hedge fund allocators gives insight into current and future allocations
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Agecroft Partners is seeing widespread demand from institutional investors for Commodity Trading Advisors (CTAs), which is a dramatic change from the historical reluctance of many institutional investors and their consultants to allocate to this strategy.
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Join us and our panel of experts for HFMWeek's Subscribers' Club February's UK breakfast briefing…
29/02/2012
US: Endowments and Foundations in Hedge Funds
The next US HFMWeek Subscribers' Club breakfast, will take place on Wednesday February 29. Join…
02/02/2011
European Hedge Fund Services Awards 2012
HFMWeek's European Hedge Fund Services Awards are designed to recognise companies that have outperformed...
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