Vulpes Investment Management has been launched by Stephen Diggle, formerly one of the two cofounders of Artradis Fund Management. Vulpes, an alternative investments group, will cover multiple asset classes and offers products ranging from a new volatility fund to a global diversified fund and funds focused on agricultural land ownership and biotechnology.
Hedge funds will need to bow to the demands of their asset owners according the findings of a recent survey of hedge fund risk managers by Algorithmics, the leading provider of enterprise risk solutions. Asked to name the key market challenges currently facing hedge funds, survey respondents listed regulation and the pressure from investors for greater transparency as their biggest challenges.
HSBC Alternative Investments Ltd announces the expansion of its flagship HSBC GH Fund of Hedge Funds to clients holding CNH deposits.
The Australian dollar opens this morning at a rate of 1.0742 against the greenback, losing major ground against the US currency for a third consecutive day.
U.S. stocks fell Wednesday, pressured by disappointing economic data, weaker commodity prices and lackluster earnings reports.
European shares fell for the second straight day on Wednesday. Commodity prices continued to slide, US economic data was weaker than expected and investors fretted that China would continue to tighten monetary policy. In London trade shares in BHP Billiton lost 2.6pct with Rio Tinto down 3.3pct. The FTSEurofirst index fell by 1.4pct with the German Dax lower by 1.7pct and the UK FTSE was down by 1.6pct.
Australian retail sales slumped 0.5 per cent to a seasonally adjusted $20.46 billion in March from $20.55bn in February and rose from $20bn a year earlier, according to official national figures released today. Economists expected a 0.5 per cent rise in sales for March.
By Greg PeelIn February, Australian retail sales rose 0.8% (revised up from 0.5%) which surprised economists at the time but then replacement purchases in the wake of the Queensland floods were the clear driver.
- Coca-Cola Amatil 1H guidance slightly disappointing- Volumes and revenues solid, costs higher- Guidance historically conservative, brokers remain broadly positiveBy Chris ShawCoca-Cola Amatil ((CCL)) held its annual general meeting yesterday and at the meeting offered initial earnings guidance for...
A big pullback in commodity markets sparked a sell off in the commodity currencies overnight, with the AUD falling back below USD1.0800.
Riskdata, the leading provider of risk management solutions to the alternative investment marketplace, announces that it has launched its Portfolio Designer offering. This revolutionary portfolio construction solution is the first one enabling the delivery of robust extreme risk diversification, based on limits for market, liquidity and operational risk, and integrating the portfolio manager's views on markets and assets.
Pulse Capital Partners, LLC , which identifies and partners with next generation hedge fund managers to institutionalize and accelerate their growth, announced a partnership with Hong Kong-based asset manager Ardon Capital Management Ltd. to launch an Asia-focused event-driven fund. The new fund will be called the Pulse-Ardon Asia Fund and is anticipated to launch in July 2011.
By Greg PeelThe Dow closed down 83 points or 0.7% while the S&P lost 0.7% to 1347 and the Nasdaq fell 0.
Westpac Banking Corp. 's cash earnings for the six months ended March 31 increased 7% from a year earlier to A$3.2 billion. Statutory net profit for the first half rose 38% to A$3.96 billion.
Automatic Data Processing today reported that private sector jobs increased by 179,000 in April. That was well off the 200,000 new jobs that a consensus of economists' had earlier forecast and, worse, a significant decline of 22,000 jobs from March's 201,000 newly created positions.
UMB Fund Services, Inc. (UMBFS) announces that its alternative investments division, JD Clark & Company (JD Clark), has been selected to provide alternative investment administration services for Luminous Capital.
U.S. blue-chip stocks finished virtually unchanged as investors dumped energy and materials stocks and headed for the safety of bonds and telecommunications companies. The Dow Jones Industrial Average finished just 0.15 point higher at 12807.51, while the Standard & Poor's 500-stock index shed 4.60 points, or 0.34%, to 1356.62.
- The recent acquisition expands Global Construction's labour force- Earnings guidance revised higher by company management- DJ Carmichael rates stock a Buy, lifts forecasts and price targetBy Chris ShawBased in Western Australia, Global Construction Services ((GCS)) operates in the residential, com...
By Greg PeelThey don't call it Chinese water torture for nothing, as the painstakingly slow pace of Chinese monetary policy tightening and currency revaluation over the past decade has left many a global observer screaming with frustration.
- ERA proposes increased capex to deal with water issues- Valuations and earnings estimates adjusted lower- Broker opinions and targets remain dividedBy Chris ShawWith production being impacted by abnormally heavy rain in recent years, uranium producer Energy Resources of Australia ((ERA)) is lookin...
By Greg PeelThe Dow closed unchanged but the S&P fell 0.3% and the Nasdaq dropped 0.7%.India surprised markets yesterday by raising its cash rate.
Australia''s currency declined very slightly yesterday for the first time in five days as there was a general move back into the US based currency.
The Australian share market closed in negative territory on broad-based losses as the impact of the strong local currency on forthcoming corporate earnings results weighed on investors.
The Reserve Bank of India has lifted rates by more than expected, hiking policy rates by 50 basis points. The repo rate rises to 7.25pct with the reverse repo up to 6.25pct.
Australia''s currency declined very slightly yesterday for the first time in five days as there was a general move back into the US based currency.
U.S. stocks kicked off May with slim losses, as the energy sector followed the price of oil lower and investors couldn't sustain a morning rally that followed the death of Osama bin Laden.
The US ISM manufacturing index eased from 61.2 to 60.4 in April but ahead of economist forecasts centred on a result near 60.
Australia’s Export Finance and Insurance Corporation (EFIC) and the Asian Development Bank enter into a finance risk-sharing agreement.
FNArena has added another video to its Investors Education section on the website. In this broadcast, ATW founder/market trader shows why it is possible the price of gold is peaking in the first week of May.
By Greg PeelThe RBA today left its cash rate on hold at 4.75% following its monthly monetary policy meeting.
