Monthly Archives: January 2010
Hedge Fund Lobby, Seeking Clout, To Solicit Funds’ Data
WSJ – The lobbying association for the hedge fund industry told Dow Jones Newswires it will begin to ask for key financial data from hedge fund managers, the group’s latest move to be a more effective lobbyist for an industry […]
Lipper Snaps UK-Manulife leads bond funds in Dec
Reuters – A U.S.-focused fund managed by Manulife (MFC.TO) was the top performer among British-registered bond funds in December, data from Thomson Reuters fund research firm Lipper showed on Friday. Manulife Global Fund-US LP65013272 returned 10.10 percent over the month, […]
RBS Agrees Sale Of Asset Management Ops To Aberdeen
WSJ – Royal Bank of Scotland Group PLC (RBS) said Friday that it has agreed to sell part of its asset management business to Aberdeen Asset Management PLC (ADN.LN) for GBP84.7 million, marking the latest step in a restructuring plan […]
Hedge Fund Greatwater Shows Strong Gains In First Year
New York (HedgeCo.net) – Greatwater Investment Management, Inc. (GWIM) last year launched The Greatwater Fund, LP., whose unique strategy and philosophy focuses on risk adjusted returns in the emerging markets. In its first year, The Greatwater Fund gained 69.6%. Domiciled […]
Ponta Negra Hedge Fund Manager Pleads Guilty
New York (HedgeCo.net) – Former Stamford hedge fund manager, Francesco Rusciano. waived his right to indictment and pleaded guilty today before US Judge Ellen Bree Burns in New Haven to one count of wire fraud. According to court documents and […]
How New Palladium, Platinum ETFs Will Change Supply and Demand
Seeking Alpha – The world is about to entertain two new investment vehicles that could have a profound effect on the prices of two very rare and very necessary metals — palladium and platinum. Unlike gold, which we do not […]
Do Hedge Fund Indexes Only Tell Part of Story?
New York Times – Only foolhardy parents would allow their children to provide only the grades on their report cards that they were happy with. Yet hedge funds are given this luxury in reporting their performance to compilers of sectorwide […]
The Half Moon REO Hedge Fund Launch
New York (HedgeCo.net) – New York-based real estate hedge fund The Half Moon group has launched The Half Moon REO Fund, LP. The new fund focuses on financing a strategic network of joint venture partners who are experts in the […]
Long/Short Equity Hedge Funds Finish 2009 with Double-Digit Returns
New York (Hedgeco.net) – Based on December performance for the Credit Suisse Long/Short Equity Liquid Index (“LAB Long/Short Equity Liquid Index”), Long/Short Equity funds ended the year on a high note as managers took advantage of increased equity market opportunities […]
Saleh to Forfeit Gains From Insider Trading
WSJ – Reza Saleh, an employee of H. Ross Perot’s investment firm who was charged with insider trading, agreed to forfeit $8.6 million in profits to settle with securities regulators. The Securities and Exchange Commission charged Mr. Saleh in September […]