News

The Credit Suisse Liquid Alternative Beta Index shed 0.4% last month. The decline, following a 2.64% loss in May, leaves the index down 0.12% on the year.

Odey Asset Management chief Crispin Odey admitted he underestimated bonds in May, as his Opus hedge fund fell 7.8%.

Last month, former Silver Point Partners executive Harry Wilson disclosed—as required by law—that the hedge fund paid him more than $250,000 last year. Chances are, the Republican nominee for New York State Comptroller was being modest.

Hedge fund administration firm Omnium has hired Peter Sanchez as global head of business development and client service. Sanchez will be based in New York.

Merlin Securities has hired industry veteran Marc Bender as a partner in prime brokerage sales.

Most recently, Bender built a fund of managed accounts platform for Millennium Partners founder Israel Englander, serving as chief operating officer of Lucidity Capital Management. He was also a managing director at Millennium, where he focused on business development and marketing.

New York-based alternative investment firm Galtere is expanding overseas with the launch of a new European arm.

Duet Asset Management has tapped a pair of commodity-trading stars for its latest duet.

Tough times for European energy markets are turning into a bloodbath for European energy hedge funds.

A year after slashing its presence in Asia, RAB Capital is re-upping in the region, hiring a top Citigroup executive to head its Hong Kong office and raising hundreds of millions of dollars for a new Asia-focused hedge fund.

Anchor Point Capital is branching out with a fund of commodities hedge fund.