Monthly Archives: January 2006
New AIMA Appointments
The Alternative Investment Management Association (AIMA), the leading global hedge fund and alternative investment industry association, announces the appointment of a Director of its Hong Kong branch and a Research Consultant in London. Tim Kay has been appointed as a […]
Asset manager gets strong boost from hedge-fund performance fees
SAN FRANCISCO (MarketWatch) — Two years after agreeing to pay massive penalties for its role in the mutual-fund industry’s improper trading scandal, Alliance Capital Management Holding L.P.’s fortunes are looking brighter. The New York-based asset manager (AC61.66, +0.19, +0.3%) is […]
Man Group Gains $700 Mln of Hedge Fund Investments
Bloomberg – Man Group Plc, the world’s biggest hedge fund company, said the amount of money added by customers in the fiscal third quarter more than tripled after it opened a new fund. Investors added a net $700 million in […]
Hedge fund manager seeks fallen growth stocks
NYdailynews.com – Going against the crowd can be rough on investors, but Manny Weintraub believes that underneath those bumps are some real gems. Weintraub heads Integre Advisors, a New York-based long-only hedge fund that invests about $140 million for high-net-worth […]
Hedge funds caught out by dollar slide versus yen –
Reuters – Hedge funds were caught off-guard by the dollar’s recent lurch lower versus the yen and much like last year may struggle with the currency pair in 2006, industry analysts said. That, however, mainly applies to global macro funds, […]
Hedge Fund Says Court Denies Bally Motion
MSN Money – A hedge fund that is agitating for leadership change at Bally Total Fitness Holding Corp. said Thursday that a Delaware court has denied a motion by the health club operator to speed upthe legal process that would […]
Hedge funds disclose Six Flags stakes
MarketWatch – Hedge funds are now major shareholders in Six Flags Inc., the theme-park operator at the center of a proxy battle late last year with Washington Redskins owner Daniel Snyder. Highbridge, a $7 billion hedge-fund firm part owned by […]
Wendy’s speeds up Tims spinoff
Globe and Mail – Fast-food chain Wendy’s International Inc. plans a fast sale of its Tim Hortons chain, with ownership of the iconic coffee shops to be handed out to Wendy’s shareholders in a special stock dividend soon after Tim […]
Boston Scientific hikes ante in bidding war for Guidant
Boston Scientific Corp. wasn’t willing to walk away when Johnson & Johnson sweetened its offer for medical device maker Guidant Corp., so it raised the stakes again in an increasingly priceybidding war that’s picking up in pace. About 24 hours […]
Last Atlantis Capital Management appoints Darren Keyes as Quantitative Research Director
ST. THOMAS, USVI – Last Atlantis Capital Management, LLC (St. Thomas, USVI) has appointed Darren Keyes as the firm’s Director of Quantitative Research. Mr. Keyes is responsible for developing and maintaining automated optimization systems for the Alpha+Network, the company’s proprietary […]
Large Increase in Number of Hedge Fund Shareholders Fuels IRM
Bobsguide – Stakeholder numbers, both individual and institutional, in alternative asset vehicles are expected to grow a phenomenal 210% in the next five years, spurring a corresponding demand fornew software and technology to manage investor relationships. The asset management industry […]
Hedge fund firm Emergent says sell US assets
Reuters Italia – Investors should sell their U.S. assets, especially the dollar against the yen, as America’s economic and political power is likely to decline this year, a hedge fund manager toldReuters. David Murrin, chief investment officer at Emergent Asset […]