Monthly Archives: January 2010
U.S. pension fund invests $250 mln with Finisterre
Reuters – The giant New York State Common Retirement Fund has invested $250 million with emerging markets manager Finisterre Capital in a further sign pension plans are backing hedge funds despite losses during the credit crisis. The $126 billion fund […]
Citigroup Loses $7.6 Billion on Costs to Repay U.S.
Bloomberg – Citigroup Inc., the U.S. bank that is 27 percent owned by the Treasury Department, ended a three- quarter profit streak with a $7.6 billion loss on costs to exit the government’s bailout program. The fourth-quarter loss of 33 […]
UCITS III Compliant Fund of Hedge Funds Launched By HSBC
New York (HedgeCo.net) – HSBC has launched a Sterling Class of its HSBC UCITS AdvantEdge fund of hedge funds. The Fund will comply with the new ‘reporting’ tax regime for offshore funds, allowing UK investors to be taxed at capital […]
Trio: $118m lost and the mystery deepens
The Sydney Morning Herald – The mystery shrouding the collapse of the hedge fund Trio Capital deepens, along with the fate of thousands of investors and the missing $118 million. On September 28, a couple of days before the authorities […]
Research comparing the performance of quantitative and qualitative hedge funds
GuruFocus – Recently I’ve been laying the groundwork for a quantitative approach to value investment. The rational is as follows: simple quantitative or statistical models outperform experts in a variety of disciplines, so why not investing in general, and why […]
Hedge fund experts predict more due diligence in 2010
New York (HedgeCo.net) – Experts predict greater market discipline from investors and an increased focus on due diligence by providers and custodians. Joel Press, Managing Director of Morgan Stanley’s Prime Brokerage Division; Todd Groome, non-Executive Chairman of the Alternative Investment […]
Truebeta Launches Hedge Fund Replication Model
New York (HedgeCo.net) – Independent, factor-based hedge fund replication service, TrueBeta, is launching a dynamic leverage model for hedge fund replication. The company says the application will improve it’s correlation to broad hedge fund performance. “TrueBeta is setting a benchmark […]
A Dozen Hedge Funds Plan Asia Offices, Merrill Says
BusinessWeek – Bank of America Merrill Lynch is helping more than a dozen multibillion dollar international hedge funds set up or reestablish a presence in Hong Kong and Singapore as the U.S. and Europe increase industry regulation. A number of […]
Baer platform to stir up funds secondary markets
Reuters – Swiss private bank Julius Baer is launching a new investment trading platform for unlisted funds that offers increased price transparency and could make it cheaper to buy or sell these products. Oliver Heusser, specialist in funds secondary market […]
N.Y. Pension Seeds Finisterre Emerging Markets Fund
Bloomberg – New York State Common Retirement Fund, the third-largest U.S. pension plan, invested $250 million in an emerging-market hedge fund run by Finisterre Capital LLP, as institutional managers seek to tap into growing economies. The $126 billion state pension […]
Regulatory change to entice offshore funds
FINANCIAL services professionals will have a say in regulatory changes designed to make Australia more attractive to foreign funds managers under proposals outlined today. The Australian Financial Centre Forum found today that although Australia’s funds management industry is one of […]