Monthly Archives: January 2006
ABN Amro Asset Management to buy fund of Hedge Funds Manager IAM
Forbes – ABN Amro Holding NV said it agreed to acquire International Asset Management (IAM), a London and New York-based fund of hedge funds manager with around 2.6 bln usd of assets under management. The transaction is subject to the […]
Suit blames hedge fund for shares decline
Philadelphia Inquirer – A Boston hedge fund participated in an illegal scheme to drive down the share price of American Business Financial Services Inc., according to the bankruptcy trustee who is liquidating the former Philadelphia mortgage lender. Boston Partners Asset […]
Liberty Group Presses Ahead to Sell Australia Unit, Hedge Funds
Liberty Group Ltd., South Africa’s third-biggest insurer, is pressing ahead with plans to sell an Australian unit and a hedge fund business and hopes to complete the deals quickly, Liberty Chief Executive Myles Ruck said. Liberty may receive A$150 million […]
Mellon rebuffs hedge fund’s call to break up
Reuters – Mellon Financial Corp. (MEL.N: Quote, Profile, Research) on Wednesday defended itsrecord and rejected calls from one its largest investors to split its investment management and processing businesses to help boost the company’s share price. In a firmly worded […]
New insurgent offer, but McDonald’s still won’t bite
Chicago Sun-Times – Insurgent shareholder William Ackman presented a new proposal to restructure McDonald’s Corp. on Wednesday — and the company rebuffed him a second time. Ackman said Oak Brook-based McDonald’s should put its company-owned restaurants into a separate corporation, […]
Alternatives TLC Expands Service Offerings To Provide Technology and Operational Consulting
HedgeCo.Net – Alternatives TLC, a novel hedge fund training and learning center, has identified additional service needs in the alternatives industry and is expanding its offerings to begin to fill the void, according to Carol R. Kaufman, founder and chief […]
Premium Content Added to DOW Jones Hedge Fund Indexes
Dow Jones Indexes, a leading global index provider, has launched a premium content section on its hedge fund indexes Web site. The new section provides in-depth analytical tools and news to give media and investors greater transparency of the Dow […]
Man Group Faces Demand for Hedge Fund’s $179 Million
Bloomberg – Man Group Plc’s U.S. brokerage unit violated a court order by failing to turn over $179 million it took from Philadelphia Alternative Asset Management, a hedge fund that collapsed last year, according to the receiver in the case. […]
Hedge funds reduce portfolio risk
IPE.com – Using hedge funds can halve the probability of extreme loss in a portfolio, according to a new study from Edhec Risk and Asset Management Research Centre. Rather than consider hedge funds as a separate asset class, the study […]
Hedge Fund to pay $10 million to settle N.J. case
Philadelphia Inquirer – Defunct hedge fund Canary Capital Partners L.L.C. has agreed pay the state $10 million to settle allegations that it stacked the deck against ordinary investors, the NewJersey Attorney General’s Office said yesterday. Secaucus-based Canary, two of its […]
Evergreen fund wins $1 million in suit
Denver Post – A federal judge in Denver has ordered a Tennessee money manager – accused of fraud by federal regulators – to pay $1 million to an Evergreen- based hedge fund. U.S. District Judge Richard Matsch last week awarded […]
Hedge Funds Raise Fees as Returns Decline 50 Percent From 1990s
Bloomberg – Hedge funds earned a record $16 billion in fees last year as the returns on investment dwindled to almost half of the average a decade ago. The loosely regulated $1.1 trillion industry increased management fees to 1.44 percent […]