Tag Archives: global asset management


Hedge Fund Shareholder Appointed To Legg Mason’s Board Of Directors

New York (HedgeCo.net) – $703 billion global asset management firm, Legg Mason, announced today that an outstanding shareholder, hedge fund manager Nelson Peltz, will be elected to the Company’s Board of Directors, Peltz is Chief Executive Officer and a founding […]

USS hires UBS to deliver hedge fund of funds admin services

Professional Pensions – The Universities Superannuation Scheme has appointed UBS Global Asset Management – Fund Services to deliver hedge fund of funds administration services. The country’s second largest pension fund said it had enhanced its in-house hedge fund selection capability […]

HSBC to launch first ETF in Europe

Reuters – HSBC Holdings Plc, Europe’s biggest bank, is to unveil plans to enter into the European exchange traded fund (ETF) market with its first launch, the Financial Times said on Monday. ”We believe our future is linked to indexation […]

SocGen reducing China fund venture stake – sources

Forbes – French bank Societe Generale (SocGen) plans to reduce its holdings in its China fund joint venture due to regulatory concerns after a global reorganisation, two people familiar with the situation said. SocGen already owns a fund venture with […]

India-centric offshore funds take wings

MSN India – Fund managers are aggressively selling the India theme to overseas investors. After Singapore-based Helios Capital’s fund manager Samir Arora’s India-focused Slumdog Millionaire Equity Fund, domestic brokerage firm India Infoline, run by Nirmal Jain, and Atlantis Investment Advisor […]

HSBC sees “tipping point” in hedge fund outflows

Reuters UK – HSBC Global Asset Management says it is finally seeing inflows into some of its hedge funds and believes it may have reached a "tipping point" after a tough period of client withdrawals. Bill Maldonado, head of alternative […]

Fund of Hedge Funds Industry Shrinks by 30% – Says InvestHedge Billion Dollar Club survey

The funds of hedge funds industry shrank by nearly 30% in 2008. Volatile markets, zero liquidity, and year-end average returns of -16.63% led to the asset outflows for the global funds of funds industry, according to the latest survey of […]

Alternative Investment Specialist Joins Canadian Hedge Fund

West Palm Beach (HedgeCo.net) – Todd Groome is joining Diversified Global Asset Management (DGAM) as a Managing Director, effective February 1, 2009. Responsible for business development, Groome will also advise the investment team on macro investment themes and the global […]

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