Tuesday, 5 May 2015
Last updated 5 hours ago
May 21 2009 | 9:27am ET
With investors clamoring for greater transparency from their hedge funds, the Man Group appears ready to give it to them. The world’s largest listed hedge fund firm is reportedly mulling more independent valuation of its flagship strategy.
London-based Man, which currently uses both an internal valuation group, Man Valuation Services, and several external firms, man extend independent valuation to its US$25 billion, 28-fund AHL strategy, Reuters reports. According to a source, Man is willing to make the move if its clients call for it.
The revelation of the Bernard Madoff Ponzi scheme has sparked widespread calls for greater transparency. Several large hedge fund investors have said they plan to make independent administration or valuation a condition of investing.
In addition to its own valuation service, Man employs Citco Fund Services and Citi Hedge Fund Services to administer all or part of some of its hedge funds.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…