Each business day HedgeCo.Net keeps you informed with the top hedge fund industry news, opinion and insight from around the globe. From the latest hedge fund launches, to the impact of regulation, competition, and investor activism - we track the topics and people that make a difference to you.
Reuters – Investors, encouraged by a growing number of acquisitions and public floats in the past few months, are keeping a close eye on a coterie of promising startups in Silicon Valley.
An informal poll of venture capitalists and others pointed to six privately held companies as the ripest for acquisition or readiness to go public, out of 34 cited in industries ranging from alternative energy to social networking.
For now, the Silicon Valley Six say they intend to keep growing rather than agreeing to be acquired or go public during the recession.
Reuters – Investors, encouraged by a growing number of acquisitions and public floats in the past few months, are keeping a close eye on a coterie of promising startups in Silicon Valley.
An informal poll of venture capitalists and others pointed to six privately held companies as the ripest for acquisition or readiness to go public, out of 34 cited in industries ranging from alternative energy to social networking.
For now, the Silicon Valley Six say they intend to keep growing rather than agreeing to be acquired or go public during the recession.
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 their portfolios more than ever in a bid to ride out these dips rather than face massive losses.
Those in the United States, for instance, who invested all their money in property are now reeling as a result of the credit crunch.
Even hedge funds, which are specifically designed to minimise investor risk, have attracted criticism and piled up some big losses.
Financial Times – Man Group has teamed up with an Abu Dhabi-owned investment company to make electricity from the gas produced as a byproduct of oil drilling, which is currently wasted in the form of flaring.
Abu Dhabi will inject the first $300m (£151m) into a new fund, which aims to raise $1.5bn, and will receive a small equity holding in the management company.
The launch of the MENA Associated Gas and Global Environment fund is the latest attempt by Europe’s biggest hedge fund manager to cash in on the boom in environmental investing.
Through MTM, a London subsidiary, it already runs a $600m fund capturing methane emissions from Chinese coal mines, and it is considering launching a Brazilian biofuel fund.
Peter Clarke, Man chief executive, said talks were already under way with countries in the Middle East, north Africa and Asia about working with their national oil companies. He said it already had many expressions of interest from sovereign wealth funds keen to put money in and had the potential to double its size to $3bn if it attracted enough money.
