Does loyalty lie with the lawyer or the law firm?
Big changes were afoot in the London hedge fund legal scene last week, after New York-based Akim Gump swooped on Simmons & Simmons
17/08/2010
Hedge funds rebound in July, index reveals
Hedge funds have bounced back in July to provide the sector’s best results in four months.
Dow Jones Credit Suisse reported that the industry gained 1.59% in July, and is up 2.22% year-to-date (YTD). The results mark a recovery from June’s low, when the sector fell into negative territory, returning -0.84% and dragging YTD returns to 0.63%.
Oliver Schupp, president of Credit Suisse Index Co, said: “The Dow Jones Credit Suisse Hedge Fund Index rose 1.59% in July, with eight out of ten sectors posting positive performance for the month.”
Emerging markets (+3.52%) and long/short equity (+2.53%), which benefited from beta-driven opportunities amid global equity market rallies, were among the top performers.
Dedicated short strategies (-3.52%) and managed futures (-1.50%) were the only two sectors with negative performance in July.
Fixed income arbitrage is the leading strategy, up almost 7%, followed by convertible arbitrage and global macro strategies.
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Editor's view: 8 February 2012
Speculative moves, a perceived landgrab and a potential bidding war in the hedge fund sector have all opened up in recent weeks
Comment: Julian Korek
"Advisers need to be analysing key considerations and determining where they fall in the spectrum of SEC registration; no easy task given the scope of the legislation"
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