Archive for June, 2010

CHP Program Opens in 24 Hours

This is a reminder blog post that the Certified Hedge Fund Professional (CHP) Designation Program opens for registration in 24 hours on Thursday July 1st, 2010 at 2PM EST.

This program is the #1 most popular and widely recognized certification program created exclusively for hedge fund professionals. This program may be completed 100% online within 6-12 months and includes over 70 educational videos, a hedge fund marketing guide, career workbook, career coaching, educational webinars.

Within this session we will be accepting 300 new members into the program and registration will close immediately after these 300 slots have been filled.

We recently gave our CHP website an upgrade with new graphics, test statistics, job placement services, participation figures,and a history of the CHP Program.

To check these out please visit the following links:

+ http://HedgeFundCertification.com
+ http://hedgefundcertification.com/History-Of-CHP-Designation.html
+ http://hedgefundcertification.com/Quotes.html
+ http://hedgefundcertification.com/Hedge-Fund-Jobs.html
+ http://hedgefundcertification.com/FAQ.html

Hope to see you within the program tomorrow at 2PM EST.

- Richard

Richard Wilson
Hedge Fund Group
http://HedgeFundCertification.com

p.s. See what over 100 others are saying about the program here: http://hedgefundcertification.com/Quotes.html

Related to: CHP Program Opening in 24 Hours

• CHP Designation Program
• Hedge Fund Group
• Hedge Fund Premium
• Hedge Fund Training

Tags: CHP Designation Program Registration, Fall session of CHP Designation Program, online hedge fund certification program

Go to Source

Hedge Funds May 2010

May 2010 Hedge Fund Performance & Investor Allocation

The latest hedge fund performance and investor allocation data for May 2010 show that last month indeed was a tough one for hedge funds.  The Hedge Fund Aggregate Index was down but did not fall as hard as the S&P 500.  Total hedge fund assets fell almost 3% in May.

• The HFN Hedge Fund Aggregate Index was -2.86% in May 2010 and +0.89% year-to-date (YTD). The S&P 500 Total Return Index (S&P) was -7.99% in May and -1.51% YTD.
   
• Total industry assets fell an estimated -2.82% to $2.234 trillion in May. Despite performance based asset reductions, net investor flows were positive for the fifth month in a row.
   
• Performance accounted for $66.87 billion of the decrease and investor allocations accounted for a net inflow of $2.13 billion. Net inflows were the lowest since January and the second month in a row of slower rates of increase.
   
• The core rate of growth (% asset change due to investor allocations/redemptions) was an increase of 0.09%, the second slowest rate of increase since HFN began tracking asset flow data in Q4 2003.Source

Related to: Hedge Funds May 2010

• Hedge Fund Tracker Tool
• Fund Marketing and Sales Advice
• Top Hedge Fund Managers
• Free Online Hedge Fund Videos
• Careers & Employment Guide
• Hedge Fund Holdings & Securities Analysis
• Hedge Fund Terminology
• Geographical Guides
• Hedge Fund Startup Tools

Tags: hedge funds, may 2010, hedge funds in May, hedge funds returns, hedge funds performance, investor allocation, hedge funds losses

Go to Source

E.U. Hedge Fund Talks

European Union Hedge Fund Talks Break Down

Negotiations between the European Union and national governments over hedge fund regulation has broken down.  Last week, the Spanish presidency of the E.U. conceded that no rules would be made in June and the countries’ leaders left for the G20 summit in Toronto without finishing talks on hedge funds.

The German Chancellor Angela Merkel and French President Nicolas Sarkozy want to champion Europe as a model for ambitious regulation, but an impasse over hedge funds and watchdogs means the European Union is struggling to draft laws, while President Barack Obama is expected to sign off on new rules to regulate finance within weeks.

At the heart of the disagreement is a passport or license for foreign hedge funds to do business throughout Europe. Lawmakers want to block the entry of foreign funds that fail to qualify for a license because they do not meet European Union standards on transparency, bonuses and the use of debt.

But Britain, home to nearly all European hedge funds, wants to give funds that fail the European Union passport test a second chance by letting them apply for a license to operate in individual countries. Criticism also has come from the United States, which has warned that the measures could be discriminatory.  Source

Related to: European Union Hedge Fund Talks

• Hedge Fund Tracker Tool
• Fund Marketing and Sales Advice
• Top Hedge Fund Managers
• Free Online Hedge Fund Videos
• Careers & Employment Guide
• Hedge Fund Holdings & Securities Analysis
• Hedge Fund Terminology
• Geographical Guides
• Hedge Fund Startup Tools

Tags: European Union Hedge Fund Talks, hedge funds, hedge fund regulation, talks, negotiations, regulation, license

Go to Source

HedgeCo News – The Financial Industry Regulatory Authority (FINRA) has permanently barred a former Deutsche Bank broker from the securities industry for manipulating the price of Monogram Biosciences (MGRM) stock in an effort to enrich a hedge fund client, himself and his family.

A FINRA panel found that Edward S. Brokaw was engaged in a pattern of trading designed deliberately to drive the value of MGRM stock down and, in turn, drive up the value of contingent value rights (CVRs) on that stock.

According to FINRA, Brokaw`s hedge fund client held approximately 18.5 million CVRs – nearly 30 percent of the 64.8 million MGRM CVRs outstanding. For every penny the final VWAP dropped below $2.90, the value of the hedge fund`s CVRs increased by $185,000.

If the maximum payout of $.88 per CVR were achieved, FINRA said, the hedge fund would receive approximately $16 million. Brokaw and his family owned 217,000 of the CVRs, with a potential maximum payout of $188,000.

Included in the evidence against Brokaw were tape recordings of his phone calls to his firm`s trading desk to place sell orders. In one phone call, Brokaw told a Deutsche Bank sales trader, “Take 50,000 MGRM at the market. Sell it down. Sell it as low as you want. Sell it hard, 50,000.”

FINRA also found that Brokaw violated a Deutsche Bank`s policy by only completing one “booking ticket” each day, each showing a single 100,000-share order to sell, each with a false notation that the order was given by the client directly to the trading desk rather than to Brokaw – thus circumventing automatic branch office compliance review of the orders.

Deutsche Bank first suspended, then terminated Brokaw based on his MGRM sales orders for the hedge fund.

Go to Source

“A Financial Industry Regulatory Authority (FINRA) hearing panel has permanently barred a former Deutsche Bank broker from the securities industry for manipulating the price of Monogram Biosciences (MGRM) stock in an effort to enrich a hedge fund client, himself and his family.

The panel found that Edward S. Brokaw, who worked in the Greenwich, CT branch office of Deutsche Bank Securities, engaged in a pattern of trading designed deliberately to drive the value of MGRM stock down and, in turn, drive up the value of contingent value rights (CVRs) on that stock. ”
Go to Source

“Paul Volcker is disappointed with the final version of the rule that bears his name… Volcker, the 82-year-old former Federal Reserve chairman, didn’t expect the proposal to be diluted so much, said a person with knowledge of his views. He’s content with language that bans banks from trading with their own capital, the person said.”
Go to Source

“A London-based hedge fund manager calling himself Dr. Stu is offering a little radio therapy for an industry which is increasingly finding itself on the wrong side of politicians, regulators and the public in general.”
Go to Source

“As they grapple with a gaping budget shortfall, Mr. Paterson and the lawmakers plan to enact a tax change that will treat much of the compensation earned by the fund managers who work in New York but live outside the state as ordinary income… But tax lawyers and representatives of investment firms argue that the fund managers could wind up being taxed twice on the same earnings, and warn that those who already live in places like Greenwich, Conn., or Summit, N.J., could decide to move their businesses out of New York altogether and work closer to home.”
Go to Source

” — But Don’t Let Republicans Filibuster”
Go to Source

” Ex-regulators signing on as advisors to hedge funds”
Go to Source