What’s news around the hedge fund industry for Tuesday, April 17, 2012:

Around the web

Hedge funds to get Madison Avenue treatment. (SmartMoney)

Green light for hedge fund ads means caution on Wall Street. (WSJ.com)

The Caymans: A land of beaches, Bentleys … and bankers galore. (The Independent)

BofAML says hedge funds up 0.18% in March. (FINalternatives)

New rules hit Switzerland’s ‘Finance Valley’. (Financial Times)

Ex-Goldman prop desk chief George Assaly quant hedge fund called Alcova Asset Management. (HFMWeek)

Citigroup awarded Andelante EM mandate. (HFMWeek)

Macro and CTA UCITS funds in high demand, ML Capital survey says. (HFMWeek)

Ainslie’s Maverick Capital makes first start-up seeding in Sycamore Lane. (WSJ.com)

CME stands ground after Eurodollar options protest. (Reuters)

Verizon looks to draw high-speed traders with souped-up network. (WSJ.com)

Algo trading linked to sudden drops in India’s top indices. (Securities Technology Monitor)

The Children’s Investment Fund welcomes moves by Coal India. (HedgeFund.net)

SEI poll: Investment manager optimism ‘extremely high’. (HedgeFund.net)

Paladyne Partners up for Form PF support. (HedgeFund.net)

TPG, Patron Capital win deal for first European CMBS to default on maturity. (WSJ.com)

Blue Castle Holdings’ nuclear power proposal in Utah reignites a century-old water war. (InsideClimate, via Reuters)

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