Monthly Archives: January 2008
Japan’s Pension Fund Eyes Hedge Funds
Reuters- Japan’s largest private-sector pension fund manager, the Pension Fund Association, is starting to invest in hedge funds, another sign that the country’s conservative institutional investors are dipping into riskier assets. Japan’s pension fund industry was slow to start investing […]
Six Asian FOHF Launches
Weast Palm Beach (HedgeCo.Net)- 3A SA, the hedge fund management division of Swiss banking group SYZ & CO, has launched six new sub-funds of its $1.3bn Luxembourg-domiciled umbrella fund SICAV, offering Asian and opportunistic fund of hedge fund strategies in […]
Man Investments says sell U.S. banks and long-term bonds
SINGAPORE (Reuters)- Selling both U.S. bank stocks and long-term Treasury bonds are likely to be profitable trades as world’s largest economy faces a potential recession and rise in inflation, hedge fund manager Man Investments said. Thomas Della Casa, head of […]
Managers confront baffling array of hedge funds
Reuters- Worried about tracking error risk in your portfolio? Do you know your performance attribution with your 130-30 fund? Or its dynamic leverage policy? To enhance your alpha generation, are you long beta or gamma? For portfolio managers looking to […]
Prominent hedge funds nurse heavy losses in 2008
Reuters- Recent stock market drops hurt some of the world’s most famous hedge fund managers, who have long attracted money with promises that they could sidestep even the worst conditions. Bruce Kovner’s Caxton Alpha Equity fund, Lee Ainslie’s Maverick Fund […]
Caxton Hedge Fund Stops Strategic Investments
SAN FRANCISCO — The main hedge fund run by Bruce Kovner’s Caxton Associates, L.L.C. has stopped making strategic, longer-term investments, according to two people familiar with the situation. The decision shows how the hedge fund industry’s foray into longer-term investing, […]
Managers confront baffling array of hedge funds
Reuters – Worried about tracking error risk in your portfolio? Do you know your performance attribution with your 130-30 fund? Or its dynamic leverage policy? To enhance your alpha generation, are you long beta or gamma? For portfolio managers looking […]
OMAM to close Prosper 80 fund of hedge funds
Investment Week- Old Mutual is closing its Prosper 80 fund of hedge funds after assets under management have dwindled. The group said it has also suspended trading on the product due to the separate problem of ‘administrative difficulties experienced in […]
Caxton hedge fund stops strategic investments
Marketwatch – The main hedge fund run by Bruce Kovner’s Caxton Associates L.L.C. has stopped making strategic, longer-term investments, according to two people familiar with the situation. The decision shows how the hedge fund industry’s foray into longer-term investing, such […]
Prominent hedge funds nurse heavy losses in 2008
Reuters- Recent stock market drops hurt some of the world’s most famous hedge fund managers, who have long attracted money with promises that they could sidestep even the worst conditions. Bruce Kovner’s Caxton Alpha Equity fund, Lee Ainslie’s Maverick Fund […]
Smiles disappearing in hedge fund land
Globe and Mail- You think you’ve got bad timing with your investments? Spare a thought, and maybe a prayer, for hedge fund manager Jim Allan. Back in the rosy hope of summer, which feels like a hundred years ago, Mr. […]
Fresh blow to banking as rogue trader costs French bank US$7.1-billion
Financial Post- French bank Societe Generale said fraud by a single trader had caused it a 4.9-billion euro (US$7.1-billion) loss and that it would seek emergency funds as a result, shocking battered markets. If fraud is proved, the loss will […]