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Sunday, December 8, 2024
General News |
Hedge Funds’ Assets Down, But Managers Are ‘Up’ | Dec 16/09 |
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Despite still being down from peak highs two years ago, hedge funds attracted
$150 billion in new assets in the first nine months of this year, according to a
quarterly report by Barclays Capital's prime services division.
De...Read more |
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Hedge Funds Hold More Appeal Than Their Managers | Dec 15/09 |
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As investors make a year-end review of their portfolios, they will see that
after all the predictions of the demise of the banking industry earlier this
year, most financial stocks have done pretty well.
Except for one group...Read more |
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BNY Mellon Alternative Investment Services Announces New Price Verification and ... | Dec 15/09 |
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BNY Mellon Alternative Investment Services Announces New Price Verification
and Asset Validation Service for Hedge Funds
New service means more transparency for managers, partners and investors
NEW YORK, Dec. 14 /PRNewswire-Fi...Read more |
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Adventures In Hyberbole: European Hedge Fund Exodus Edition | Dec 15/09 |
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It’s been made perfectly clear by everyone with something to lose from
Europe’s ever-changing-but-still-draconian hedge fund regulation proposals that
they’ll be a disaster. Hedge funds will leave in droves, London will be lef...Read more |
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Mid-size hedge funds pulled in most new money-data | Dec 15/09 |
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*Investors appear to prefer bigger funds
*Smaller funds eyeing new staff to help pull in money
BOSTON, Dec 14 (Reuters) - Hedge funds that oversee at least $5 billion saw
investors add more money than they pulled out in ...Read more |
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25 years for partner in $194 mln Florida fund fraud | Dec 14/09 |
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* Florida hedge
fund
company was Ponzi scheme
* Partner was fugitive for more than two years
MIAMI, Dec 11 - A partner in KL Group, a now-defunct Florida hedge fund
company, was sentenced on Friday to nearly 25 years in pr...Read more |
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‘Bad boy’ hedge-fund manager Crispin Odey nets £30m | Dec 14/09 |
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CRISPIN ODEY, the hedge-fund manager, is to pay himself £30.4m after his firm
made a fortune betting on the near collapse of the UK banking system last year.
The extraordinary figure is almost half Odey Asset Management’s £68.4...Read more |
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Former Hedge Fund Manager Pleads Guilty to Fraud | Dec 14/09 |
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A jailed hedge fund manager in New York whose fraud was revealed in the
investigation of the
Bernard L. Madoff scandal admitted in court on Friday that he fabricated
client account statements and overstated asset values by ...Read more |
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Caldwell Investment Management Appoints State Street... | Dec 11/09 |
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State Street Corporation (NYSE: STT), one of the world’s leading providers of
financial services to institutional investors and IFDS Canada, the expert in
transfer agency services, announced today that they have been appointed...Read more |
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Hedge fund firm Polar assets continue rebound | Dec 11/09 |
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* Assets up to $2 bln at end-Nov from $1.9 bln at end-Sept
* March assets hit low of $1.5 bln
* Pretax loss of 400,000 pounds before share-based payments
* Interim dividend maintained at 1 pence
Hedge fund firm Pol...Read more |
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Hedge fund employees optimistic about 2009 pay | Dec 11/09 |
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Roughly one out of every four hedge fund firm employees expects to take home
more money this year than last, according to data that offers evidence the
industry is on the mend after 2008's heavy losses.
Research service H...Read more |
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Hedge fund Artradis pummeled by bad volatility bets | Dec 11/09 |
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* Artradis' AB2 fund drops 23%, Barracuda fund down 11%
* Assets under management down by half to about $2 billion
* Funds were up sharply last year and in 2007
Hedge funds may be on track to post their best returns in ...Read more |
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Women Hedge Fund Managers Outperform Men | Dec 11/09 |
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It’s generally known that men are hard-wired to be bigger risk takers than
women (due to all that extra testosterone they have sloshing around).
Interestingly, though, in a profession that is all about risk — hedge fund
...Read more |
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Barclays lists iPath exchange-traded notes in Canada | Dec 11/09 |
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Barclays Bank has introduced its iPath exchange-traded notes
platform in Canada with the cross-listing of seven iPath ETNs on the Toronto
Stock Exchange.
The iPath ETNs are linked to equity volatility, currencies and the C...Read more |
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Q3 hedge fund launches outpace liquidations-report | Dec 10/09 |
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* HFR reports 224 new funds started in Q3, 190 shut down
* Liquidations still high with 858 already shut down in 09
Heartened by improved market conditions, new hedge fund launches picked up
again in the third quarter an...Read more |
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Clive Capital Closes $4 Billion Hedge Fund to New Investors | Dec 10/09 |
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Clive Capital LLP closed its $3.98 billion commodities hedge fund, the
world’s largest, to new money after posting its biggest monthly gain since May.
The fund returned 4 percent last month, led by precious metals and
agric...Read more |
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Hedge funds tip-toe toward an uncertain future | Dec 10/09 |
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It wasn't too long ago big-time hedge fund managers like James Pallotta were
erecting monuments to themselves. In Pallotta's case, it was a $21 million
Georgian-style mansion he built in 2007 in Weston, a leafy Boston subu...Read more |
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Hedge fund assets climb back above $2 trillion | Dec 09/09 |
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Hedge fund assets crossed the $2 trillion (1.2 trillion pound) level for the
first time in a year, signaling investors' new willingness to return to
alternative assets less than 12 months after the sector suffered heavy loss...Read more |
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Overstock says it settles with hedge fund | Dec 09/09 |
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* Rocker accused of campaigning to pressure share price
* Overstock CEO an outspoken critic of short-sellers
A hedge fund is paying $5 million to settle a
long-running lawsuit filed by online retailer Overstock.com (OSTK.O), t...Read more |
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Hedge fund manager Paulson buying stocks, credit | Dec 09/09 |
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Billionaire hedge fund manager John Paulson said on Tuesday he still sees
compelling long-term returns in equities even after their sharp run-up this
year, while holding no short positions in the credit markets.
"Today...Read more |
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News Gets a Bit Better for Victims of Madoff | Dec 09/09 |
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For some Madoff investors, the financial damage likely won't be as bad as
originally feared.
Nearly a year after the massive fraud was exposed, sweetened tax breaks,
payouts from the Securities Investor Protection Corp. and s...Read more |
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Soros: Bank regulation should cover pay | Dec 09/09 |
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George Soros, chairman of Soros Fund Management, said Tuesday that new rules
on the banking sector need to include regulations over pay. Soros said it was "regretable"
but was due to the implicit guarantee provided b...Read more |
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Banyon Hedge Fund Lost $775 Million Invested With Rothstein | Dec 08/09 |
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Banyon Investments LLC, a hedge fund in Fort Lauderdale, Florida, invested
$775 million in the alleged $1.2 billion Ponzi scheme run by
Scott Rothstein, bankruptcy court records show.
Banyon’s investments make it the larges...Read more |
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Ex-Tower Sugihara Leads 17% Gain With Hayate Japan Hedge Fund | Dec 08/09 |
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Yukihiro Sugihara, a former analyst at
Tower Investment Management Co., led his Japan-focused hedge fund to a 17
percent gain this year by concentrating on small companies that escape the
attention of analysts and competito...Read more |
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Portus investors recover 95% with final payment | Dec 08/09 |
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An Ontario court has approved a final
payment to clients of Portus Alternative Asset Management Inc., which
will see the collapsed
hedge fund's customers receive at least 95 cents on the dollar of their investments as
t...Read more |
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Hedge Funds Win Profit on Chicago Sewer Debt at Public Expense | Dec 08/09 |
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The “fair and reasonable” price financial advisers recommended to the
Metropolitan Water Reclamation District of Greater Chicago for the biggest
borrowing in its history cost taxpayers $8 million in unnecessary interest and
...Read more |
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Pension funds seek alternatives in hunt for yield | Dec 08/09 |
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* Allocations to hedge funds, PE, emerging mkts growing
* Calpers spearheaded move into alternative investments
* Numbers down at Alternative Investment conference
Large public pension funds in New York, California and O...Read more |
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The sweet deal that turned sour for anaesthetist | Dec 08/09 |
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BABCOCK & BROWN'S foremost private investor is suing the founder of B&B's
hedge fund spin-off, Everest Capital, saying he was misled into putting $25
million into one of its unit funds.
Formerly Babcock's staunchest o...Read more |
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Brevan Howard Said to Restrict Investor Inflows to Three Funds | Dec 07/09 |
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Brevan Howard Asset Management LLP, Europe’s largest hedge-fund firm, limited
the flow of money into three funds as client assets approached last year’s high,
according to people familiar with matter.
The firm closed its $2 ...Read more |
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Rajaratnam’s FBI Probe a Decade Ago Lacked Proof of Fraud | Dec 07/09 |
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Raj Rajaratnam, the Galleon Group LLC founder fighting federal
insider-trading charges, was probed a decade ago by the FBI, which said in 2002
it couldn’t tie him to illegal stock sales related to confidential documents
...Read more |
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Guernsey funds see asset growth | Dec 07/09 |
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The value of investment funds managed and
administered in Guernsey grew by 7% in the third quarter of 2009, bringing the
total net asset value (NAV) of funds in the island to £181.5 billion.
Guernsey-domiciled closed and open...Read more |
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State Street Global Advisors Launches US Community Investing Index Strategy | Dec 07/09 |
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State Street Global Advisors Launches US Community Investing Index Strategy
First Strategy to Track the US Community Investing Index
Boston—December 7, 2009—State Street Global Advisors, the investment management
a...Read more |
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Prosecutors investigated Rajaratnam a decade ago: report | Dec 04/09 |
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Federal prosecutors investigated Galleon Group hedge fund founder Raj
Rajaratnam on suspicions of insider trading more than a decade before he was
charged with securities fraud, the Wall Street Journal reported, citing legal...Read more |
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Marshall Wace Returns 26% This Year With TOPS Japan Hedge Fund | Dec 04/09 |
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Marshall Wace LLP, the London-based hedge-fund manager overseeing $4 billion
in assets, returned 26 percent with its Japan-focused hedge fund this year by
tapping ideas from 150 equity salespeople from outside the firm.
...Read more |
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Harbinger cuts New York Times stake again | Dec 04/09 |
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- Hedge fund Harbinger Capital partners has cut its
stake in The New York Times Co (NYT.N)
yet again, about two years after spending half a billion dollars to become one
of its largest shareholders.* Harbinger cuts New York ...Read more |
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Salida scores treble digit return | Dec 04/09 |
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Salida Capital’s offshore long/short
equity and energy hedge funds are up close to 200% year-to-date on the
back of successful bets on gold and the energy sector.
Salida’s
BTR Strategic Growth Fund was up 185.75% at ...Read more |
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Jury finds Petters guilty in $3.5B fraud case | Dec 03/09 |
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A jury delivered a sweeping verdict against Minnesota businessman Tom Petters
on Wednesday, finding him guilty of all 20 counts in what prosecutors said was a
$3.5 billion Ponzi scheme.
Petters, who claimed subordinates c...Read more |
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Gold hits record on hedge demand | Dec 03/09 |
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Gold surged to a record for a second straight day as investors stepped up
purchases to protect their wealth against currency depreciation. Silver also
gained.
Gold futures touched an all-time high of $US1218.40 an ounce i...Read more |
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Sparx ‘Rising Sun’ Leads Japan Small Cap Funds With 26% Return | Dec 03/09 |
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Sparx Asset Management Co.’s
Tadahiro Fujimura led a 26 percent return for his Rising Sun fund this year,
the best performer in the Asian market with the worst returns for smaller
companies.
The 1.2 billion yen ($...Read more |
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Fewer Seeders Around, But Hedgies Love Them | Dec 03/09 |
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Startup hedge funds want to avoid the time and costs associated with hiring
marketing professionals and that's where seeders come in.Hedge funds are not back to where they were before Lehman Brothers'
bankruptcy, but some ...Read more |
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Catch a high-flying fund - up 56% | Dec 03/09 |
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Now a father-and-son act, the celebrated Yacktman value portfolio has racked
up big returns, showing how patience and a contrarian bent can pay off.
D...Read more |
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AIMA expresses concern over proposed threshold for U.S. Systemic Resolution Fund | Dec 03/09 |
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“The Alternative Investment Management
Association, as the global hedge fund industry association, supports the
efforts of policymakers in the U.S. to tackle systemic risk. We support
the reporting of systemica...Read more |
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Swedish Hedge Fund Brummer to Set Up New Bangladesh Stocks Fund | Dec 02/09 |
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Brummer & Partners, the largest Scandinavian hedge-fund manager, plans to set
up a fund to buy Bangladeshi stocks, betting the south Asian nation will attract
investors seeking the world’s next low-cost labor hub.
The fu...Read more |
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Hedge Funds Mobilize Against ‘Onerous’ Systemic-Risk Assessment | Dec 02/09 |
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Hedge funds are fighting what they call a punitive provision in the U.S.
House regulatory overhaul bill that requires the private investment pools to pay
into a fund for rescuing failed companies ahead of other financial firms...Read more |
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Liechtenstein minister worked for K1 hedge fund | Dec 02/09 |
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Liechtenstein justice and foreign minister Aurelia Frick briefly worked for
the sales arm of the K1 hedge fund group, whose founder is in custody in Germany
pending a fraud investigation, a government spokesman said.
The sp...Read more |
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State Street grows in alternatives with Mourant buy | Dec 02/09 |
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State Street Corp (STT.N),
already one of the financial industry's biggest record keepers, will become the
biggest service provider for alternative assets after it buys Mourant
International Finance Administration.
Boston...Read more |
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Quant hedgies must fish in fresh waters-Goldman | Dec 02/09 |
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* Older strategies like value, momentum getting overcrowded
* Eyes newer areas of event-driven, catastrophe reinsurance
PARIS, Dec 1 (Reuters) - Computer-driven hedge funds must hunt for new areas
to exploit as some area...Read more |
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CalPERS probes oversight of two outside hedge fund advisors | Dec 02/09 |
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The firms were working without required contracts. The official who oversees
the pension fund's $5.8-billion hedge fund portfolio reportedly was disciplined.
California's
huge public e...Read more |
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Hedge Funds Buying as Individuals Sell in Bull Signal | Dec 01/09 |
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Hedge funds are shoveling money into
stocks as individuals exit at the fastest rate in a year, a sign
to professional investors that the Standard & Poor’s 500 Index
is poised to extend its gains.
About $37.3 bi...Read more |
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Hedge fund, creditors bid for Six Flags | Dec 01/09 |
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Hedge fund manager Stark Investments has assembled a group of Six Flags Inc. creditors and submitted an alternative reorganization plan to acquire most of the theme park company's ownership.
New York-based Six Flags (OTCBB: S...Read more |
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