Thursday, January 27, 2011

Hedge Fund Strategy Interview Steinbrugge

Jan. 24 (Bloomberg) -- Don Steinbrugge, chairman of Agecroft Partners, talks about his investment strategy for hedge funds. Steinbrugge speaks with Lisa Murphy on Bloomberg Television's "Fast Forward." (Source: Bloomberg)

-- Steinbrugge Likes Long-Short Equity, CTA Hedge Funds: Video

Wednesday, January 19, 2011

Will you be starting a hedge fund in 2011?

A hedge fund refers to an investment company that is unregulated. It is usually riskier than traditional investment funds such as mutual funds, and hedge funds take long and short positions in bonds, stocks, commodities and other investment products. There are profits to be made from starting your own hedge fund business. Hedge funds generally cater to sophisticated investors with large amounts of capital such as very wealthy individuals, pension funds and university endowments.

It can be quite complex to start your own hedge fund. Not anymore – we’ve given you the steps below (thanks VF) You should have a lot of experience in investments. However, you can seek advice from a qualified lawyer to help you. They can give you support in drafting an operating agreement for your hedge fund as well as determining the corporate structure for the business.

As per this article

Step 1. Create a hedge-fund team!
Step 2. Name your fund!
Step 3. Hire a law firm!
Step 4. Get that anchor capital!
Step 5. Get a prime broker!
Step 6. Check into your very own hedge-fund hotel!
Step 7. Hire a good P.R. person!

So again – are you going to start your own Hedge Fund in 2011? If yes, you should be going to the 6th Annual GAIM Ops Cayman conference to meet indsutry peers and really learn the ins and outs of the hedge fund industry.

The Premier Event Strengthening Operational
Due Diligence in Response to Game Changing Industry Trends
The hedge fund industry is in a state of flux due to new regulations, industry consolidation, difficulty in attracting new capital and increasing investor demands. The 6th Annual GAIM Ops Cayman will educate and inform you on these critical issues and give you the opportunity to discuss how they will change due diligence and compliance processes moving forward.

New for 2011
- Comprehensive Regulatory Guidance
- With over 5 hours of in-depth coverage and peer to peer discussions
- OTC Derivative Rules
- Implications of Hedge Fund Registration
- Ramifications of Dodd Frank Act
- Surviving an SEC Exam
- SEC, FSA and CIMA Updates
- Impact of the Volcker Rule
- How to Recover Assets from Wind-Up Petitions
- Tailor Your Due Diligence Interviews
- Examine Emerging Managers with Little or No Prior Hedge Fund Experience
- Verify Independence of Counterparties and Evaluate Whether an On-Site Visit is Required
- Examine Emerging Managers with Little or No Prior Hedge Fund Experience
- Expose Potential Conflicts of Interest that Jeopardize Future Investors
- Align Your Business With Next Generation Due Diligence Practices
- With 28 Comprehensive Panel Discussions and Working Groups
- Candid discussions from the Investor Perspective
- Why Fund of Funds Might Not Invest in Your Fund
- Expose Potential Conflicts of Interest that Jeopardize Future Investors

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Wednesday, January 12, 2011

Today's hedge fund industry news

Hedge fund industry news for Tuesday, Jan. 11, 2011:

Ackman’s Pershing Square LP Fund up 29.7% in 2010. (Dow Jones Newswires)

Someone recorded that speech Max Holmes gave about how to send sketchy emails without getting caught. (Clusterstock, HT to Teri Buhl)

Hedge funds focused on Bric gain over 13% in ‘10. (Financial Chronicle)

Nine Masts Investment Fund returns 20%. (Bloomberg

Hedge funds pinched by health care reform. (DealBook)

Tiffany and Adobe on Bernheim, Drefus’s list of potential 2011 takeover targets. (HedgeWeek)

Dow Jones Credit Suisse index up 11% in 2010. (FINalternatives)

SKCG survey shows hedge funds pay more, get less from health insurance plans. (FINalternatives)

Brevan partners split £204 million. (FINalternatives)

Headstart launches emerging markets fund. (FINalternatives)

People moves

FBR Capital Markets appoints new head of distressed sales. (HousingWire)

Tower Research vet DeGiacinto sets up hedge fund shop. (FINalternatives)

The 6th Annual GAIM Ops Cayman conference will examine the critical changes affecting the hedge fund industry and discuss how it will change due diligence, compliance and risk management procedures going forward. In 2010, attracting new capital has been difficult because investors have become increasingly more sophisticated. Savvy Fund-of- funds and hedge funds must enhance their due diligence process to focus on:

Latest Regulatory Changes

  • Impact of Hedge Fund Registration
  • Changes in OTC Derivative Rules
  • Understanding the Examination Process
  • Global Legislation Implications
  • Shifting Focus at the SEC
  • New Pay to Play Rules

Impact of Latest Trends on Due Diligence and
Compliance including:

  • Rise of Seeding Funds
  • Implications of the Economy
  • Evaluating Conflicts of Interest
  • Understanding UCITS
  • Hedge Fund Redomicilation
  • Trends in Prime Services
  • Independent Board Members
  • Ensuring Compliance with Fund Documents

Keynote Speakers

GAIM Ops Cayman provides an unrivaled opportunity to:

  • Stay updated on the latest regulatory changes affecting hedge funds
  • Implications of the Economy
  • Network with over 100 Speakers representing the majority of due diligence reviews performed in the industry
  • Meet with your Cayman Partners while you attend the conference

Are you registered for this event? Click here to learn more now.

Don't forget to join the linkedin group to engage with like minded peers:

Wednesday, January 5, 2011

The Difference Between Hedge Funds

In this video interview from the Financial Post Jonathan Chevreau asks David Kaufman, President of Westcourt Capitals what the difference is between hedge funds. Jonathan begins by stating that there are 2 hedge funds, including one that doesn't even hedge. Make sure to check out the 5 minute clip below.