Monthly Archives: February 2012
SA hedge funds to grow
SA Times – Given the investment potential of emerging markets, together with improved regulation in South Africa, there is no reason why the local hedge fund industry can’t grow over the medium term to well in excess of R100 billion from […]
Data Explorers Launch iPhone App for Hedge Funds and Brokers
New York (HedgeCo.net) – Data Explorers, provider of securities lending data, tracking short selling and institutional fund activity across all global market sectors, today announced the launch of its new hedge fund iPhone app, the first of its kind for […]
Funds of hedge funds: Change or die
FierceFinance – The poor performance of hedge funds in general was especially bad news for funds of hedge funds. On the surface, the poor performance confirms an identity crisis for funds of funds, one that began with the financial crisis. The […]
Goldman backs Robinson’s new hedge fund
Financial News – Robinson was co-founder of Trafalgar Asset Managers, a hedge fund manager in which Petershill bought a 20% stake in April 2008. The terms of the agreement gave Petershill the right to retain a passive minority stake in […]
Hedge fund Gottex to cut costs as assets shrink
Reuters – Swiss fund of hedge funds manager Gottex GFMS.S said it would slash running costs by 15 percent in 2012 after assets fell by some $1 billion (637 million pounds) from a year earlier as some large clients pulled […]
South Carolina Fund Gets No Gain Paying Big Fees, Treasurer Says
Bloomberg – South Carolina’s $26 billion pension fund paid excessive fees while trailing peers after an overseer invested half the plan’s assets with hedge funds and private- equity firms, state Treasurer Curtis Loftis said. The South Carolina Retirement System would […]
Hedge fund managers to outspend bankers on London homes
Reuters – Shrinking bonus pools in the City of London will reduce bankers’ clout in the capital’s buoyant prime housing market this year, with hedge fund managers set to outspend them for the first time, data from Savills showed. The […]
Hedge Funds Back Romney Super PAC
New York (HedgeCo.net) – Hedge funds have been the biggest doners to Mitt Romney’s Super PAC, “Restore Our Future.” Almost 60 corporations and wealthy individuals donated at least $100,000 each to the Romney PAC, which raised more than $20 million in […]
Hedge funds brace for euro zone break-up
Reuters – Nervous hedge funds managers are stress-testing their portfolios and searching for ways of protecting themselves against their worst nightmare — a potential break-up of the euro zone. With talks on restructuring Greece’s debt mountain still deadlocked, and the exit […]
Hedge Fund Survey: Brokers to Spend $206 Million in 2011 on New Surveillance Programs
New York (HedgeCo.net) – With the financial services industry being overhauled under Dodd-Frank and MiFID II, new research from TABB Group estimates that regulatory changes will lead hedge funds across the US and Europe to spend $206 million in 2011 […]
U.K. Freezes Gadhafi Assets
WSJ – The U.K. froze the assets of Col. Moammar Gadhafi and his family a day after the United Nations imposed sanctions on Libya. On Sunday, Britain froze the assets of Col. Gadhafi, his daughter and four sons, including Seif al-Islam […]
DCA Global Raises $58.4M for Hedge Fund
CityBizList – DCA Global Investment Management has raised $58.38 million from 83 investors for the DCA Diversified Alternatives Portfolio, a hedge fund, according to an amended SEC filing. Last year around this time, the fund had taken in $51.66 million […]