Hedge funds form working party to develop industry standards
Source: Citywire
Former Securities and Investment board chairman Andrew Large is heading a hedge fund working party that could lead to the introduction of industry-wide standards.

The party will include key figures in the UK hedge fund industry including Stanley Fink, deputy chairman of Man Group, RAB Capital chairman Michael Alen-Buckley and Gartmore chief executive Jeffrey Meyer. A range of other managers are supporting the initiative. More...

Schumer, Clinton on Fence Over Taxing Hedge Funds
Source: The New York Sun
Senators Schumer and Clinton are on the fence over a bill that would force private equity firms and hedge funds to pay higher tax rates if they go public. More...

CalPERS to boost activist investing, hedge funds
Source: The Los Angeles Times
The California Public Employees' Retirement Fund would shift billions of dollars in investments to activist funds, aimed at pressuring companies to change policies or leadership, and to hedge funds, according to published reports. More...

Centaurus to open Asian office - director
Source: Reuters UK
Centaurus Capital, the London-based activist hedge fund with $4.5 billion under management, plans to open an office in Asia in six to 12 months, managing director Randy Freeman told Reuters. More...

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Enhanced index tips over $10bn
Source: The Financial Standard
State Street Global Advisors’ Global Index Plus strategy has attracted more than $10 billion in funds under management, clocking more than a billion each year since launch, as more super funds shift their money from ‘vanilla’ index portfolios to those with 'alpha' returns. More...

St. Louis school fund to look at portable alpha
Source: Pensions & Investments
St. Louis Public School Retirement System officials will hear a presentation on portable alpha strategies by consultant New England Pension Consultants, according to the agenda for its Thursday investment committee meeting. NEPC will discuss the possibility of inviting several money managers that offer the portable alpha investment strategy to a future investment committee meeting. Andrew Clark, executive director for the $1.1 billion pension fund, was not available to provide further comment at press time. More...

Cannon Fires Up Second Market Neutral Fund
Source: FINalternatives
Two months after making his first hedge fund offering, Rusty Cannon is back with a market-neutral offering dubbed the RKC Matador Market Neutral Fund. The fund launched on June 1 with $1 million. More...

Ten Asset Adds 130/30 To Product Line
Source: FINalternatives
Quantitative shop Ten Asset Management recently introduced a 130/30 strategy to its mix of equities products. The strategy, which has been trading since January, is up 11.5% through May. More...