Tag Archives: investment-arm


Northern Trust Named Best Overall Hedge Fund Administrator

New York (HedgeCo.net) – Northern Trust has been named the Best Overall Hedge Fund Administrator by HFMWeek in the magazine’s inaugural U.S. Service Provider Awards. The awards recognize companies that have outperformed their peers during 2008-2009 and demonstrated financial progress, […]

Galleon Wind-Down Of Hedge Funds Is ‘Largely Complete’ -Source

WSJ – Galleon Group’s liquidation of its hedge funds’ portfolios is “largely complete,” a person familiar with the matter told Dow Jones Newswires on Tuesday. The person said that the liquidation was done under “very difficult conditions,” considering Raj Rajaratnam’s […]

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 […]

Asian hedge funds step in as global players flee

Reuters – The investment banks and global hedge funds that are the usual buyers of debt and equity in struggling Asian companies have largely fled the market, leaving the distressed asset space to home-grown investors. Local players with the cash — […]

KBC to cut some hedge fund-related activities

Reuters – Belgian banking and insurance group KBC said on Monday that it will discontinue some of its hedge fund-related activities and that the move could lead to some redundancies. KBC said it will also close its Alternative Investment Management […]

EDF close to buying half of Constellation

Reuters – Electricite de France SA is close to an agreement to buy half the nuclear power business of Constellation Energy Group Inc (CEG.N) for $4.5 billion, Bloomberg reported, citing people familiar with the situation. Approval by Constellation‘s board, subject […]

Global stocks and dollar swing ahead of Fed meeting

Reuters – Volatility spread across stock and foreign exchange markets on Tuesday as investors eyed a Federal Reserve meeting expected to cut interest rates and hint at future unorthodox monetary policies to lift the U.S. economy. European stocks reversed early […]

NY gov. seeks tax hike on hedge funds, luxury goods

Reuters – U.S. Treasury debt prices jumped on Tuesday, pushing the benchmark note’s yield down to fresh five-decade lows, after the Federal Reserve slashed interest rates near zero and vowed to extend its quantitative easing measures. In an unprecedented move, […]

Geneva banks lost more than $4 billion to Madoff: report

Reuters – Three European banks on Sunday announced a total of about $3.8 billion in exposure to an investment fund run by Bernard Madoff, the U.S. investor accused of running a $50 billion "Ponzi" scheme. The largest banks of both […]

Bush says auto bailout not ready

Reuters – President George W. Bush said on Monday an announcement on a auto industry rescue was not imminent, leaving the industry’s fate clouded in uncertainty for a little longer. "We’re not quite ready to announce that yet," Bush told […]

Blocked exits can be costly at hedge funds

Reuters UK – Hedge fund investors may face an expensive tug-of-war with managers, according to a new research paper that suggests they could lose as much as 15 percent of their initial investments should they be unable to exit when […]

Even strong hedge funds may go under

Reuters – Even some strong hedge fund managers may not survive the ongoing credit crisis due to a lack of funding or credit, the president of hedge fund John W. Henry & Co. said on Tuesday. "There are going to be some […]

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