Funds and managers should face mandatory registration
Hedge fund returns continued to gather momentum in May, and are up about 7% for the year, according to RBC Capital Markets.RBC reported that its RBC Hedge 250 Index had a net return of 3.6% in May, up from a 3.1% return in April. The index’s year-to-date return is now up to about 7.0%.The convertible […]
The presence of a high-water mark will ensure that the funds will achieve a return above the previous NAV on which performance fees were paid
Hedge funds gained 1.7% in April according to final performance numbers for the Credit Suisse/Tremont Hedge Fund Index.The broad index gained 1.68% in April, bringing year-to-date returns to 2.55%, noted Oliver Schupp, president of Credit Suisse Index Co., Inc. “We’re seeing risk appetite return to markets along with increased investor confidence, which benefited most hedge […]
When recommending alternative investments for clients, it is vital to understand the various strategies they employ
The European Commission has proposed a new regulatory framework for alternative investment managers.The so-called Directive on Alternative Investment Fund Managers “aims to create a comprehensive and effective regulatory and supervisory framework” for this segment of the market in the European Union.The proposed directive will require alternative managers to be registered and to be subject to […]
Assets down 41% from June 2008 peak
Assets decline 9% in the first two months of the year as redemptions surge
Growth expected to resume later in 2009
Closing date for submissions is April 30