Monthly Archives: February 2012
Hennessee: Hedge Funds Post Gains as Equity Markets Rally
New York, NY – Hennessee Group LLC, an adviser to hedge fund investors, announced today that the Hennessee Hedge Fund Index advanced +2.51% in January, while the S&P 500 advanced +4.36%, the Dow Jones Industrial Average increased +3.40%, and the NASDAQ Composite Index climbed +8.01%. Bonds also advanced, as […]
Hedge Fund People: Tim Ridley Joins GlobeOp
New York (HedgeCo.net) – $173 billion hedge fund GlobeOp Financial Services has appointed Tim Ridley to its Cayman Islands subsidiary board. Ridley, the former chairman of the Cayman Island Monetary Authority (CIMA) and a former senior partner of Maples and Calder, was […]
Event-driven hedge funds up 3.54% in January
New York (HedgeCo.net) – Hedge funds ended a two-month losing streak, profiting from the January market surge. The Hedge Fund Intelligence Global Composite Index rose 1.27%. The equity market rally handily exceeded hedge fund returns, however, with the MSCI World Index (net) […]
China Sunshine Funds Miss Hedge Slump to Triple Assets
Bloomberg – Wealthy Chinese investors are turning to “sunshine” private trusts, the prototypes of hedge funds in the communist nation, as the property market cools, stocks slump and bank-deposit rates fail to match inflation. China’s private trust-fund assets tripled to […]
Hedge fund sues Petters’ former law firm
Minneapolis Star Tribune – The role of the Minneapolis law firm Fredrikson & Byron in the business affairs of convicted businessman Tom Petters is under scrutiny. A lawsuit filed in U.S. District Court in Minneapolis alleges that the firm “materially […]
Hedge Funds Climbed 0.2% in January on Best Start for Equities in 18 Years
Bloomberg – Hedge funds gained 0.2 percent in January as equities around the world had the best start in 18 years after U.S. economic growth showed signs of accelerating and European leaders moved closer to a solution for the region’s debt […]
Former Atticus managers shut hedge fund firm
FT – New York-based Atwater Capital, which was founded by Lee Pollock and Kris Green, and backed by Atticus founder Timothy Barakett, is returning capital to investors, according to two people familiar with the situation. The decision was not based […]
Sorting Out Exchange-Traded Products
Forbes – The fund industry sprouts exchange-traded products (ETPs) like weeds on a warm spring day. This makes it very hard to differentiate one from another. There needs to be better classification tools. Fund companies and index providers must step […]
Hedge Funds Bullish on Gas Before Rally Fizzles
San Francisco Chronicle – Hedge funds more than doubled bullish bets on natural gas just before government data showed record production and Exxon Mobil Corp. decided not to reduce output, cutting short the biggest rally in more than a year. The funds and […]
European hedge fund stars profit in buoyant January
Reuters – Star European hedge fund managers including Crispin Odey and Pierre Lagrange were among the top performers in an upbeat January for the industry, as the European Central Bank’s cash boost for battered banks fuelled a stock market rally. […]
Hedge Funds Underestimating EU’s Will to Force Greek Losses
Bloomberg – Hedge funds seeking to wring profits from a Greek debt restructuring are underestimating the will of policy makers to impose losses on them, according to investors who say trying to beat the politicians is too risky. “It’s hard […]
Hedge Fund Gala: Open Your Heart to the Children Benefit 2012
New York (HedgeCo.net) – Former New York Yankees Manager Joe Torre will receive the “Hedge Funds Care Founder’s Award” at the 14th Annual New York Open Your Heart to the Children Benefit, it was announced today by Hedge Funds Care, […]