Senate Bill Brings NYMEX, ICE Together Christopher Faille, Senior Financial Correspondent 05/09/2008 3:23:29 PM ET WASHINGTON (HedgeWorld.com)—Six members of the United States Senate, five of them prominent Democrats, held a news conference on Wednesday [May 7] to discuss ... Emergent Has Two New Funds in Pipeline Michael S. Fischer, Senior Financial Correspondent 05/09/2008 3:16:42 PM ET LONDON (HedgeWorld.com)—Emergent Asset Management Ltd. will launch a foreign exchange and a global macro fund during the next two months. Emergent's ... Wheat's Decline Puts Bell Up 13.5% in April Jacob Bunge, Financial Correspondent 05/09/2008 3:08:22 PM ET MEMPHIS, Tenn. (HedgeWorld.com)—It can be a hard thing, waiting for futures markets to start behaving the way they should. More than a few people have ... Endeavour Considers Launching New Fund Bill McIntosh, Senior Financial Correspondent 05/09/2008 2:46:38 PM ET LONDON (HedgeWorld.com)—Endeavour Capital LLP, the hedge fund firm that suffered substantial losses in its relative value strategy targeting fixed-income ... Prime Broker Role Questioned in Peloton Fall Martin de Sa'Pinto, Senior Financial Correspondent 05/09/2008 2:38:30 PM ET CAYMAN ISLANDS (HedgeWorld.com)—Corporate advisory and restructuring firm Kroll (Cayman) Ltd., the company responsible for winding up the Peloton ABS Fund ... Gradient Enters Debate on Fair-Value Accounting Christopher Faille, Senior Financial Correspondent 05/09/2008 2:16:02 PM ET SCOTTSDALE, Ariz. (HedgeWorld.com)—Independent financial analytics firm Gradient Analytics has entered a newly energized debate about so-called fair-value ... Banks' HF Revenue Rising but Competition Fierce Chidem Kurdas, New York Bureau Chief 05/09/2008 12:05:30 PM ET NEW YORK (HedgeWorld.com)—Providing services to hedge funds remains lucrative for banks amid declining revenue in other financial businesses, but the hedge ... Citigroup Aims to Sell $400 Billion of Assets Reuters 05/09/2008 11:56:01 AM ET PHILADELPHIA (Reuters)—Citigroup Inc., the largest U.S. bank, said on Friday it aims to shed $400 billion of assets—nearly 20% of its total—over the next ... Phoenix Links Three Administration Firms Bill McIntosh, Senior Financial Correspondent 05/08/2008 3:36:14 PM ET LONDON (HedgeWorld.com)—Three specialist fund administration firms have been amalgamated as Phoenix Fund Services to service the growing number of U.K.-based ... Lyxor Launches Range of Hedge Fund Indexes Bill McIntosh, Senior Financial Correspondent 05/08/2008 3:27:51 PM ET LONDON (HedgeWorld.com)—Lyxor Asset Management has launched a new range of 16 fully investable indexes to offer investors access to all the major hedge ... Sprott's IPO Draws Attention, Some Skepticism Christopher Faille, Senior Financial Correspondent 05/08/2008 3:18:39 PM ET TORONTO (HedgeWorld.com)—Sprott Asset Management Inc. seemed poised to price its initial public offering on Thursday [May 8], after three weeks of buildup, ... Paskewitz Enjoys Strong Performance and Asset Growth Michael S. Fischer, Senior Financial Correspondent 05/08/2008 3:02:38 PM ET EDISON, N.J. (HedgeWorld.com)—Paskewitz Asset Management's Contrarian 3X Stock Index program, which recently passed $100 million in assets under management, ... CME Officials Say Don't Blame Speculators Jacob Bunge, Financial Correspondent 05/08/2008 2:59:41 PM ET CHICAGO (HedgeWorld.com)—Senior CME Group Inc. executives added their voices to the growing chorus of futures market participants arguing that commodities ... Do Growing Commodity Assets Promote Speculation? Chidem Kurdas, New York Bureau Chief 05/08/2008 12:19:44 PM ET NEW YORK (HedgeWorld.com)—Gyrations in commodity prices and claims that speculators—often identified with hedge funds—are manipulating energy prices have ... Credit Suisse/Tremont Hedge Fund Index & Sub-Index Net Performance HedgeWorld Staff 05/08/2008 11:27:32 AM ET Fund of Funds: Top Absolute Performance HedgeWorld Staff 05/08/2008 11:27:04 AM ET Julius Baer Fund Targets Emerging Bond Volatility Martin de Sa'Pinto, Senior Financial Correspondent 05/08/2008 10:38:54 AM ET GENEVA (HedgeWorld.com)—Julius Baer, one of the world's largest wealth management firms with more than 400 billion Swiss francs ($378 billion) under management ... Hedge Fund Deals Dominate Manager M&A Chidem Kurdas, New York Bureau Chief 05/08/2008 10:08:13 AM ET NEW YORK (HedgeWorld.com)—Purchases of alternative investment firms have accounted for a record 40% of asset manager mergers and acquisitions year-to-date, ... Dancing on Overturned Garbage Trucks Kristin M. Fox, Director, News & Research 05/07/2008 6:17:44 PM ET Unless you were living in a parallel universe, it was impossible to miss the market melt-down last August. August has always been a sacred and quiet ... What, CME Worry? Jacob Bunge, Financial Correspondent 05/07/2008 5:58:51 PM ET CHICAGO (HedgeWorld.com)—Despite CME Group Inc.'s stock price falling by hundreds of dollars since its high of more than $714 per share last year, officials ... Emerging Markets Fund Nosedive Hits GLG Bill McIntosh, Senior Financial Correspondent 05/07/2008 3:25:46 PM ET LONDON (HedgeWorld.com)—A near 20% year-to-date fall in the value of the GLG Emerging Markets Fund has capped a disappointing first quarter of investment ... BlackSquare Commodity FOF Set for Launch Michael S. Fischer, Senior Financial Correspondent 05/07/2008 2:58:54 PM ET LONDON (HedgeWorld.com)—On June 1, BlackSquare Capital LLP will launch its second new product this year and third overall, the BlackSquare Capital Commodity ... Can Hedge Fund Investors Hedge Against Crises? Chidem Kurdas, New York Bureau Chief 05/07/2008 1:44:11 PM ET NEW YORK (HedgeWorld.com)—Diversified investments in hedge funds are typically supposed to yield stable returns; after all, they are diversified across ... Harcourt 'Very Bullish' on Global Macro Martin de Sa'Pinto, Senior Financial Correspondent 05/07/2008 1:37:02 PM ET GENEVA (HedgeWorld.com)—All indicators are pointing to a United States recession, which may in fact have already arrived according to Frédéric Berney, ... Proxy Briefs HedgeWorld Staff 05/07/2008 1:14:03 PM ET Micrel on Its ‘Carefully Crafted Plan' SAN JOSE, Calif. (HedgeWorld.com)—Micrel Inc., a manufacturer of semiconductors, sent a letter to its shareholders ... Millionaires More Bearish than Affluent: Spectrem Christopher Faille, Senior Financial Correspondent 05/07/2008 12:02:23 PM ET CHICAGO (HedgeWorld.com)—Respondents to the Spectrem Group's surveys in April broke a longstanding pattern—this time the narrower millionaires' segment ...