HEDGE FUND NEWS

Reuters - Billionaire investor George Soros hiked his stake in Wall Street firm Lehman Brothers to 9.5 million shares as of June 30 from 10,000 shares, according to a U.S. regulatory filing on Thursday.
Soros disclosed the quarter-over-quarter increase in a filing with the Securities and Exchange Commission.
Soros raised his stake in Lehman ahead of a […]

Ospraie Management, the US hedge fund led by Dwight Anderson, has seen about $1bn (€678m) in value being wiped out of Ospraie Fund, its biggest, over the last 12 months amid misplaced bets on commodities, according to a report in The Wall Street Journal.
The fund, which is believed to have peaked near $3.8bn in assets […]

Times Online - The Christofferson Robb hedge fund is in talks to sell one of Britain’s largest proposed offshore wind farms less than a year after it bought the project.
Utilities and financial buyers have bid for the £800m Thanet wind farm, off the coast of Margate in Kent, after its owner began […]

FINalternatives - The biggest hedge funds in Europe are getting bigger, according to a new analysis.
Brevan Howard Asset Management has seen its assets soar 73% in the 12 months ending in June, as it dethrones Man Group’s AHL Strategy as the largest hedge fund manager in Europe, according to Financial News. London-based Brevan Howard, which […]

BusinessWeek - For managed-care organizations (MCOs), which footed the bill for roughly 34% of U.S. health care spending in 2007, health-care reform presents uncertainty and opportunity. Proposals now being debated in Washington and the different states aren’t affecting near-term business, says Phillip Seligman, a Standard & Poor’s equity analyst who follows MCOs. Nor are […]

Bloomberg - Public pension funds in the U.S. are increasing bets on high-risk hedge funds and real estate in an attempt to fill deficits in retirement plans and make up for their worst performance in six years.
New York Comptroller Thomas DiNapoli is asking lawmakers to increase a cap limiting the amount of so- called alternative […]

The Age - Third Point, the New York-based hedge fund run by Daniel Loeb, bought a stake in BHP Billiton worth $US162 million at the end of June, adding the world’s largest mining company to its portfolio.
Third Point, known for pushing companies to make changes that increase their stock prices, bought 1.9 million shares […]

Business24-7 - With the UAE stock markets in turmoil it is vital investors re-examine their portfolios.
This week the Abu Dhabi and Dubai stock exchanges suffered their worst trading sessions for almost seven months while Dh65 billion has been wiped off their value in August alone.
Now a number of financial advisors are urging investors to diversify […]

Hedge Funds Review Magazine - Hedge funds generally are more correlated in bull market runs and more de-correlation at market downturns. A comparison of the Credit Suisse/Tremont Broad Benchmark Index (HEDG), an asset-weighted broad benchmark of the hedge fund industry, to the MSCI World Index, a broad equity index, shows that the 12-month rolling correlation […]

Reuters - Shanghai has decided to let foreign investors, including private equity and venture capital funds, register legally as local equities investment firms as China’s financial hub moves to lure more overseas investment.
Foreign investors with a focus on Chinese equities can set up a Shanghai-registered entity with initial capital of 100 million yuan ($14.56 […]

New Zealand Herald - Eyebrows were raised this week when New York hedge- fund Elliott International nominated two Kiwi businessman - including recently appointed Infratil director Mark Tume - to join the Telecom board.
Telecom is on the fringes of the media world but National Party proposals for a huge broadband rollout will have an enormous […]

Times Online - The fashionable investment tactic of the past month - buying bank stocks while selling energy companies - could already have gone too far, Merrill Lynch, the financial management group, warned clients yesterday.
In mid-July, hedge funds, pension funds and other institutional investors dramatically reversed their enthusiasm for energy stocks and […]