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Thursday, December 13, 2018

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Quant funds: the year of living dangerously
Jan 21/08
Following a difficult year in 2007 when a number recorded significant losses, what is the outlook for quant hedge funds in 2008? Without a doubt, trading markets – whether equities, fixed interest, currencies or commodities – will...Read more



Walkers sees continuing hedge fund and private equity expansion in 2008
Jan 18/08
Walkers, the Cayman Islands-based offshore law firm, has reported that 2007 was the strongest single year ever for the firm's growth and has announced the promotion to partner of nine associates across its global offices. The prom...Read more



Education endowments taste for hedge funds shifts
Jan 18/08
Universities and schools that long relied on alternative investments such as hedge funds to grow their endowments are adding money more slowly to these loosely regulated portfolios, researchers said on Thursday.For years endowment...Read more



AIMA launches offshore alternative fund directors` guide
Jan 18/08
The Alternative Investment Management Association (AIMA) has today launched its new Offshore Alternative Fund Directors’ Guide: The updated Offshore Alternative Fund Directors’ Guide – originally published in June 2005 - is the la...Read more



Soros Bets on U.S. Economic Collapse
Jan 17/08
Senators Hillary Clinton and Barack Obama favor government support for people losing their homes because they can’t repay their subprime mortgages. But what about the financial wheeler-dealers in the hedge fund industry who may st...Read more



Elgin fund blocks withdrawals
Jan 17/08
The flagship hedge fund of Elgin Capital, the $3.3bn London credit specialist, has become the latest to block withdrawals after big losses on leveraged loans. Elgin Corporate Credit Strategy, which has close to $1bn in funds, b...Read more



What Does Goldman Know That We Don't?
Jan 17/08
In retrospect, the most intriguing subplot in the collapse of the subprime mortgage market has been not the size of the losses but their distribution. Wall Street firms have a talent for getting themselves into trouble together...Read more



Gottex Fund Management hires Fullerton to boost investment team
Jan 17/08
Gottex Fund Management Holdings has announced the appointment of Brian Fullerton as a managing director and member of the Gottex research committee, based in the firm's New York office.Fullerton brings to Gottex more than 25 years...Read more



Ex-Amaranth COO Joins New York HF
Jan 17/08
NEW YORK (HedgeWorld.com)—Charles Winkler, the former chief operating officer at defunct hedge fund Amaranth Advisors LLC, joined Hudson Bay Capital Management LP, a $350 million multi-strategy hedge fund run by former proprietary...Read more



Soros Names Former BlackRock Executive Anderson CIO
Jan 16/08
Soros Fund Management, the hedge- fund firm founded by billionaire George Soros, named BlackRock Inc. co-founder Keith Anderson as chief investment officer, a post vacant since Soros's son Robert stepped aside in July. ``Keith ...Read more



Investors pour $194.5 bln into hedge funds in 2007
Jan 16/08
The hedge fund industry continued to grow in 2007, attracting a record $194.5 billion in new money last year, although the pace slowed in the fourth quarter, new data released on Tuesday showed. Inflows in 2007 were 54 percent ...Read more



130/30 Hedge Fund Growth
Jan 16/08
Financial News reports that the amount institutional assets allocated to 130/30 hedge fund strategies could grow 7 fold over the next 3 years to over $350 Billion. Another survey by Merill Lynch also took a stab at 130/30 growth f...Read more



Money Flowing into Distressed Investing
Jan 16/08
Large numbers of hedge funds and other managers are raising new distressed investment vehicles and moving portfolio allocations into this area, according to a survey by Debtwire. Almost all respondents said they expect company def...Read more



Citigroup's $9.8bn sub-prime loss
Jan 16/08
US banking giant Citigroup has reported a $9.83bn (£5bn) net loss for the last three months of 2007. Chief executive Vikram Pandit said the loss had been caused by a $18.1bn exposure to bad mortgage debt and was "clearly unacce...Read more



Bloomberg Chooses a Friend to Manage His Fortune
Jan 16/08
Mayor Michael R. Bloomberg has chosen the firm of a longtime friend, Steven Rattner, a financier who moves among New York’s power elite, to manage the investments of his multibillion-dollar fortune.The selection, which was announc...Read more



Baker to Leave Congress For Hedge-Fund Group
Jan 16/08
WASHINGTON -- The hedge-fund industry, under siege in Congress, snagged a high-profile advocate: Rep. Richard Baker, a top Republican on the House Financial Services Committee.Mr. Baker said he will resign from Congress by Feb. 6 ...Read more



Investable Funds Top The S&P500 Last Year
Jan 16/08
Investable hedge funds enjoyed an average return of more than 8% last year, easily topping the broader markets, according to preliminary numbers from RBC Capital Markets.The RBC Hedge 250 Index added 0.5% last month to reach 8.27%...Read more



Greenspan joins NY hedge fund
Jan 15/08
Alan Greenspan, the former chairman of the US Federal Reserve, is to become an adviser to Paulson & Co, the $28bn New York-based hedge fund company that achieved spectacular investment returns at the height of the credit squeeze l...Read more



Renaissance fund in first loss for 20 years
Jan 15/08
Renaissance Technologies, one of the best-known and best-performing hedge fund groups in the world, has recorded its first fund loss in almost 20 years. Renaissance’s Institutional Equities fund, which it launched in 2005 and d...Read more



A Loophole Lets a Foot in the Door
Jan 15/08
The bad news reached Neil Ashe, the chief executive of CNet, as he lounged on the beach in Mexico on vacation with his family over the holidays. The company’s lawyer called to say that two hedge funds had secretly acquired the equ...Read more



CNET Adopts Poison Pill In Bid To Stymie Jana
Jan 15/08
CNET is going nuclear in its battle with a pair of activist hedge funds. The Internet media group on Friday announced it has instituted a poison-pill provision “to deter coercive takeover tactics.” Activist hedge fund Jana Part...Read more



Hedge-Fund Deposits Declined 33% in Fourth Quarter
Jan 15/08
Hedge-fund inflows declined by 33 percent in the fourth quarter as subprime-mortgage losses caused some investors to delay new deposits, according to data compiled by Hedge Fund Research Inc. Fund managers attracted $30.4 billi...Read more



Bargain hunters wait for opening
Jan 15/08
Elmwood Capital managers expect under-followed small caps to explode in value.Hedge fund manager Rick Serafini expects to go bargain hunting later this year for smaller U.S. company stocks.Stocks are now being pummelled because of...Read more



Bernanke Signals Deeper Rate Cuts, Emphasizes Growth
Jan 14/08
Federal Reserve Chairman Ben S. Bernanke signaled he has resolved months of debate over the competing risks of slower growth and faster inflation, and is ready to make deeper interest-rate cuts. Bernanke yesterday pledged ``substa...Read more



Ex-Hedge Manager/Pastor Blames Partner
Jan 14/08
A former pastor of a church in Colorado Springs, Colo. who is accused of defrauding his own parishioners through a hedge fund operation said he wasn't responsible for the loss. Douglas Scott, who founded the River of Life Church, ...Read more



As hedge funds swell so do demands on brokers
Jan 14/08
A big factor behind the rapid growth of hedge funds has been the fundamental change in who invests in them.Before about 2000, investors were mostly high-net-worth individuals. Since then, a big wave of institutional money – from t...Read more



North Korea Lures Hedge Funds to Bonds With Nuclear Promises
Jan 12/08
North Korea, where one-third of the people suffer from malnourishment, is attracting bond investors speculating that the country will give up its nuclear arsenal in return for U.S. aid. The communist nation's defaulted bonds ro...Read more



Julian Robertson's `Tiger Cubs' Beat Hedge-Fund Rivals in 2007
Jan 12/08
Hedge-fund managers known as the Tiger Cubs because they learned to pick stocks at Julian Robertson's Tiger Management LLC beat their peers in 2007 by profiting from the most volatile equity markets in five years. Chase Coleman...Read more



Clients withdraw $1.8bn from Man
Jan 11/08
Man Group caught the market by surprise yesterday when it revealed an unusually high rate of private client redemptions from its funds in the last quarter.Shares in Man fell 21½p to 507p after it said private investors withdrew $1...Read more



Greenspan's Reputation at Risk as Recession Odds Grow
Jan 11/08
The next bubble to deflate may be Alan Greenspan's reputation. Hailed as perhaps the greatest central banker who ever lived when he left the Federal Reserve in 2006, Greenspan is under attack from critics ranging from the New York...Read more



Renaissance Clients Pull $4 Billion From Biggest Hedge Fund
Jan 11/08
Clients of James Simons's Renaissance Technologies Corp. withdrew $4 billion from the firm's largest hedge fund in the past four months after returns trailed peers. Redemptions from the Renaissance Institutional Equities Fund, whi...Read more



Hedge funds square off with Nexen
Jan 11/08
Lagging share performance brings pressure to break up or sell Calgary energy giant. Hedge fund managers are stepping up their campaign to break up or sell energy giant Nexen Inc., a showdown that promises to be the first of many b...Read more



Bear Stearns Shuts Asset-Backed Hedge Fund After Loss
Jan 10/08
Bear Stearns Cos., the fifth-largest U.S. securities firm, is closing a hedge fund that invested in asset-backed securities, abandoning a salvage plan after the fund plummeted at least 39 percent last year. The Bear Stearns Ass...Read more



Man Group Assets Rise 4.5% as Investor Additions Slow
Jan 10/08
Man Group Plc, the world's largest publicly traded hedge fund manager, said assets under management rose 4.5 percent in the last three months of 2007 as investors added money at the slowest pace in 15 months. Man Group decl...Read more



Emerging Markets Lead 2007 Performance: Hennessee
Jan 10/08
NEW YORK (HedgeWorld.com)—As equity markets slipped into a post-holiday funk a few weeks early, hedge fund strategies tracked by the Hennessee Hedge Fund Index limped back from November losses to close out the year with a 0.3% gai...Read more



Hedge fund returns in 2007 disparate; Annual avg. gain 10.4%, but most big firms came up short
Jan 10/08
The average hedge fund gained 10.4 percent last year, including 0.7 percent in December, according to data released Tuesday by Chicago-based Hedge Fund Research Inc. Seven of the 10 largest firms fell short of the annual av...Read more



Sears asks workers to take unpaid leaves
Jan 10/08
Canada's traditional department stores, which have squeezed suppliers and cut other costs, are turning to their employees for further savings as the retailers emerge from what some say was a tough holiday season.Sears Canada Inc.,...Read more



Hedge funds end 2007 in positive ground
Jan 09/08
NEW YORK, Jan 8 (Reuters) - The $1.8 trillion hedge fund industry ended the year on a high note, as strong performances in emerging markets, technology and certain credit strategies pushed the Hedge Fund Research Weighted Composit...Read more



Hedge fund Millbrook seeks to split up Unisys
Jan 09/08
NEW YORK/BOSTON, Jan 8 (Reuters) - Unisys Corp's third-largest shareholder, hedge fund Millbrook Capital Management Inc, is calling for the technology services company to sell or spin off its U.S. government business, saying that ...Read more



U.S. Assets in 130/30 to Reach $350 billion by 2011: Merrill
Jan 09/08
U.S. assets in 130/30 strategies could reach US$350 billion by 2011, according to a new Merrill Lynch report. The report, titled Institutional Demand for 130/30, surveyed 160 U.S. institutional investors about their expectations t...Read more



Sprott Asset Management to launch a new Global Market Neutral Fund
Jan 08/08
Sprott Asset Management (SAM) Announces the Launch Date of the Sprott Global Market Neutral FundLaunch date: February 1, 2008.The new Fund will provide greater options for Canadian investors looking to increase their exposure to g...Read more



TD Asset Management Launches 130/30 Fund
Jan 08/08
Toronto-based TD Asset Management last month launched a fundamentally-invested 130/30 fund. The TD Emerald 130/30 Fundamental Canadian Equity Pooled Fund Trust builds on the firm’s history of managing fundamental long only equity ...Read more



Ex-Hedge Fund Manager Hsu To Report To Prison
Jan 07/08
Albert Hsu, the former hedge fund manager convicted of plotting to have his ex-mistresses kidnapped and raped, is set to enter prison today. The founder of Anchor Point Capital will begin serving a two-and-a-half year sentence.In ...Read more



Hedge funds to face challenging year ahead
Jan 07/08
Following a challenging year in 2007 with many hedge funds experiencing significant return volatility, with some funds reporting large losses and being wound up, while others restricted investment withdrawals, hedge funds in 2008 ...Read more



Witness in hedge fund death passes lie detector test
Jan 07/08
A former assistant to Seth Tobias, the late founder of $300m (€203m) hedge fund Circle T Partners, has passed a lie detector test in which he accused Tobias' widow of drugging her husband with sleeping pills in the latest developm...Read more



Canadian Futures Shop Launches Two New Programs
Jan 04/08
Toronto-based Integrated Managed Futures Corp. today unveiled two new trading programs. The IMFC Multi Strategy Program will invest the bulk of its assets in the firm’s existing IMFC Global Investment Program, and 10% in its new I...Read more



Portus Investors to Get More Loonies Back
Jan 03/08
Investors in defunct Canadian hedge fund firm Portus Alternative Asset Management are due to get another CAN $12.5 million ($12.6 million) as its co-founder gets ready for his next court date. An Ontario court last week gave th...Read more



Hedge funds expect more institutional clients
Jan 03/08
Institutional investors will account for an increasing percentage of hedge fund managers’ client base over the next three years, according to the Lipper Hedge Fund Survey; 64% of respondents estimated the number at 30%, while 38% ...Read more



Calif. Firm Preps Alt. Energy Hedge Fund
Jan 03/08
Tarzana, Calif.-based Martin Asset Management is ushering in the New Year with a pair of launches. Next month, the firm will launch its Ilios Alternative Energy Fund, a long-biased vehicle, with between $10 million to $15 milli...Read more



Experts Predicting a Changing Year For the Hedge Fund Sector
Jan 02/08
With all of the attention the troubled US housing market has garnered, it seems that an equally important market has been ignored more and more. And the market at hand is the hedge fund sector, that many experts close to the indus...Read more

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