Monthly Archives: February 2006
Funds: Fund sizes up stocks for better and worse
International Herald Tribune – Vivienne Hsu of the Schwab Hedged Equity Fund bets on, and against, stocks according to ratings that her firm assigns. Otherwise, she might not own Payless ShoeSource,the fund’s second-largest holding. “The last two pairs of […]
Hedge fund borrowing may take toll
Contra Costa Times – Hedge funds’ involvement in the bankruptcy process may depress the post-Chapter 11 values of companies that seek court protection. Until now, companies seeking bankruptcy protection that have more bank loans relative to other types of debt […]
Prime Time for Primes
Wall Street and Technology – Big changes are afoot in the prime brokerage world. Once an esoteric business controlled by three playersâ€â€Morgan Stanley, Bear Stearns and Goldman Sachsâ€â€it has become ahotbed of competition as rival banks and brokers have sought […]
Emerging Markets Sector Invest Index Is Up 6.90% Net In January
HedgeCo.Net – The Credit Suisse/Tremont Hedge Fund Index is up 3.23% for January 2006, which is the highest monthly return since August 2000, according to Oliver Schupp, President of the Credit Suisse Tremont Index LLC and senior member of the […]
Hedge fund money on late P&O bid
The Daily Telegraph – The three hedge funds that have been the most active buyers of P&O shares in recent weeks are continuing to bet the Port of Singapore Authority may trump DP World’s 520p-a-share bid. Eton Park Capital Management, […]
Hedge funds take global stage
Globe and Mail – On March 1, about 75 European pension plan chiefs, private bankers and other institutional investors will gather in the Park Hyatt hotel in Zurich, Switzerland, to hear about a new investing opportunity: Canadian hedge funds. In […]
More funds curb inflows to shield performance
Reuters Italia – An increasing number of traditional fund managers are capping portfolios to avoid diluting performance with inflows, taking a cue from fast-growing hedge funds, F&C AssetManagement said on Wednesday. A number of funds such as Framlington Equity Income […]
Attack of the Hungry Hedge Funds
BusinessWeek – Activist hedge funds had a banner day on Feb. 7. Before the stock market opened, General Motors Corp. (GM ) finally succumbed to months of pressure from billionaire Kirk Kerkorian and his Tracinda Corp. investment fund by slashing […]
A hedge fund’s ups and downs
Akron Beacon Journal – One partner is a former star college tennis player who managed money for an investment bank. The other, the son of a well-known banker, has an MBA and worked on Wall Street. Over the past decade, […]
Majestic Research finds favor with hedge funds
Reuters – Stock tracker Majestic Research doesn’t talk to company executives or visit malls to get a handle on retail trends. Nor does it make stock recommendations. But the New York-based research firm is winning converts among hedge funds who […]
Hedge funds lose out as MFI soars
Independent – Dozens of hedge funds saw millions of pounds wiped off their portfolios yesterday after shares in MFI recorded their biggest-ever one-day gain. They leapt 17 per cent on the news that the furniture retailer had sold its French […]
Barton Biggs Talks Hedge Fund Mythology
After 30 years establishing himself as one of the best investment strategists in the world at Morgan Stanley (MS:NYSE – commentary – research – Cramer’s Take), Barton Biggs left Wall Street to start his own hedge fund, Traxis Partners. Created […]