http://www.hedgeweek.com Syndicates the latest ETF Express News via RSS 2.0. Unysen RSS Feed Generator - v2.0206 ETF Express Troubled hedge fund Absolute Capital Management has closed one of its hedge funds and its office in Mallorca as poor performance and a big loss for the year cast a shadow over the firm's efforts to reinvent itself following the abrupt exit of co-founder Florian Homm last September. Thu, 24 Jul 2008 06:05:00 http://www.etfexpress.com/articles/detail.jsp?content_id=261738 http://www.etfexpress.com/articles/detail.jsp?content_id=261738 Prime minister Manmohan Singh won a vote of confidence in India's parliament yesterday with a comfortable margin. The opposition had demanded the premier's resignation after three MPs alleged they had been bribed to abstain, but the government won the vote 275 to 256, ensuring the immediate survival of the ruling coalition and of a civilian nuclear deal with the US. Wed, 23 Jul 2008 06:05:00 http://www.etfexpress.com/articles/detail.jsp?content_id=261602 http://www.etfexpress.com/articles/detail.jsp?content_id=261602 Sean O'Malley, a partner in the business law department and a member of the financial services and investment management groups at US law firm Goodwin Procter, says the SEC's amendments to and published guidance regarding its emergency order on 'naked' short selling of certain financial stocks answer some of the many questions of interpretation raised by the order, but others remain unaddressed. Wed, 23 Jul 2008 06:00:00 http://www.etfexpress.com/articles/detail.jsp?content_id=261601 http://www.etfexpress.com/articles/detail.jsp?content_id=261601 Due to scheduled maintenance work across all of our websites, we will not be publishing daily newsletters either tomorrow, Thusrday 24 July or Friday 25 July. Normal service will resume on Monday 28 July. Wed, 23 Jul 2008 12:01:22 http://www.etfexpress.com/articles/detail.jsp?content_id=261689 http://www.etfexpress.com/articles/detail.jsp?content_id=261689 With markets worldwide suffering from the impact of the credit crunch over the past year and amid a drop in overall fund investment in Spain, stemming from market conditions but also tax changes, hedge funds and funds of funds were the only sector of the asset management industry to enjoy growth last year, albeit from a low base, given that the country's first domestic hedge funds were approved only in December 2006. Wed, 23 Jul 2008 12:01:00 http://www.etfexpress.com/articles/detail.jsp?content_id=261407 http://www.etfexpress.com/articles/detail.jsp?content_id=261407 Frustrated investors in the defunct Bayou Management hedge funds run by Sam Israel, the fund manager who faked his death last month in a vain bid to escape prison for a USD450m fraud, are now going after the world's biggest investment bank, Goldman Sachs. Tue, 22 Jul 2008 06:00:05 http://www.etfexpress.com/articles/detail.jsp?content_id=261441 http://www.etfexpress.com/articles/detail.jsp?content_id=261441 Historically the third-party fund administration industry in Spain has been relatively small, but the development of the country's hedge fund and fund of hedge funds sector over the past two years has given it a significant boost. When BNP Paribas Securities Services launched third-party administration four years ago, business was initially slow to develop, but hedge fund products offer a very good opportunity. Mon, 21 Jul 2008 05:48:12 http://www.etfexpress.com/articles/detail.jsp?content_id=261406 http://www.etfexpress.com/articles/detail.jsp?content_id=261406 Foreign hedge fund managers may find themselves unable to access the fledgling Spanish market directly without going to the cost and trouble of setting up their own management company and funds inside the country, but there are plenty of other ways in which the expertise of seasoned industry professionals and firms can be tapped for the benefit of local institutional and retail investors. Mon, 21 Jul 2008 05:46:20 http://www.etfexpress.com/articles/detail.jsp?content_id=261405 http://www.etfexpress.com/articles/detail.jsp?content_id=261405 The emergence of a home-grown alternative investment industry has been gradual over the two years since the introduction of Spain's new regulatory regime for hedge funds and funds of hedge funds, but despite the turbulent market conditions both independent and institutional managers are starting to exploit opportunities and undertake the essential process of investor education. Mon, 21 Jul 2008 05:44:53 http://www.etfexpress.com/articles/detail.jsp?content_id=261404 http://www.etfexpress.com/articles/detail.jsp?content_id=261404 As volatility lingers in the marketplace, investors are turning to funds of hedge funds to make the best of the situation. Funds of funds now manage roughly USD825.9bn, up from just over USD800bn at the end of the March, according to Hedge Fund Research. Mon, 21 Jul 2008 06:05:00 http://www.etfexpress.com/articles/detail.jsp?content_id=261251 http://www.etfexpress.com/articles/detail.jsp?content_id=261251