Interpol rebuffs Russian request to place hedge fund manager William Browder under surveillance (Opalesque)
The International Police or Interpol on Friday rejected a request by Russian authorities to place hedge fund manager William Browder under surveillance by issuing an “all points bulletin” for the leader of the worldwide campaign for justice for slain lawyer Sergei Magnitsky. In a press statement issued by Law and Order in Russia it was gathered that Interpol’s General Secretariat has now deleted the request from the Russian authorities seeking to “locate” Browder in order to detain him on a Russian arrest warrant.
2 years on, ‘Dr Doom’ shuts India centre (TOI)
Renowned US economist Nouriel Roubini, who has been referred to as “Dr Doom” for predicting the 2008 financial crisis, has downed the shutters on his India centre nearly two years after setting up shop in Asia’s third-largest economy. Roubini had chosen India as one of his key centres for economic research and analysis. This is his third centre after New York and London. The centre, which began operations in July 2011, was closed down a few months ago, sources said.
Hedge Fund Tiger Global Invests $50 Million In Blogging Platform WordPress.com (Businessinsider)
Tiger Global has invested $50 million in web developer company Automattic, the parent company of WordPress.com. From Automattic’s president/founder Matt Mullenweg: Anyway, wanted to get in front of the news that will inevitably come out in the next week or two (hi Kara!): there has been a large secondary transaction in Automattic stock, about $50M worth. “Secondary” means that it’s existing stockholders, like the earliest investors or employees, selling stock to another investor versus money going into the company (“primary”).
Retail Alternatives to Triple to Nearly $1 Trillion by 2017 According to Citi Prime Finance Survey (WSJ)
Global demand for retail focused, liquid alternative investment products will reach $939 billion by 2017, more than three times the current level, according to a just-released survey from Citigroup Inc (NYSE:C) Prime Finance. The growth forecast comes amid new flexibility for mutual fund and exchange-traded fund (ETF) providers, unprecedented levels of transparency among hedge funds, and new demands from wealth managers and broker-dealers who want to add alternatives to more mainstream portfolios. This market-leading outlook and analysis is contained in the fourth edition of Citigroup Inc (NYSE:C) Prime Finance’s annual survey of hedge fund industry trends, this year titled The Rise of Liquid Alternatives & the Changing Dynamics of Alternative Product Manufacturing & Distribution.
Hedge fund managers increase net exposure (Opalesque)
In the week ending May 24, 2013, Jeffrey Yap reportedly left Mizuho Securities Asia as head of Asia fixed income trading to launch his own hedge fund; Diapason Commodities announced the launch of its tangible forestry assets hedge fund ForestCare Investment Fund; and Moore Capital founder Louis Bacon was said to be raising $750m for a new senior debt loan fund. The Emerging manager hedge funds and CTAs index gained 0.72% in April (+3.18% YTD); The Dow Jones Credit Suisse Hedge Fund Index finished up 1.39% (+4.99% YTD); All Edhec-Risk Alternative indexes were in positive territory and YTD (except for Short Selling);
