Monthly Archives: February 2006
Time to make some money
Boston Globe – People are finally done throwing money at former Harvard Management chief Jack Meyer and his investment team. Well, nearly done. Meyer, who became famous in the investment world for stellar results managing Harvard University’s $25.9 billion endowment […]
The alpha in an event
In the hedge fund arena, one quality that managers highlight is their ability to generate alpha. Alpha can be described as the return a manager is able to generate by putting together a portfolio ofsecurities that will outperform the market […]
Hedge fund buys stake in Team Financial
Kansas City Business Journal – A New York hedge fund has bought a stake in TeamBank’s owner. Interests controlled by Israel Englander, including Millennium Management LLC, have bought 6 percent of Team Financial Inc. The Paola-based bank owner (Nasdaq: TFIN) […]
Which hedge funds convertibles strategy is a winner?
MarketWatch – Convertible securities can be bought at bargain prices, if a long-term investor can wait out the typical hedge fund holding period — three months — and pick through the selection managers are selling. Hedge fund managers typically measure […]
CFTC chair warns hedge funds over more regulations
Reuters – Hedge fund managers must maintain high levels of business integrity or face a government crackdown, the newly appointed chairman of the Commodity Futures Trading Commission told an industryconference on Tuesday. The fast-growing industry, many of whose members were […]
Icahn calls for Time Warner breakup
Reuters -Investor Carl Icahn on Tuesday called on Time Warner Inc. to break its empire up into four separate companies, citing a Lazard Ltd. report he commissioned that also recommended stock buybacks totaling about $20 billion. Icahn also said on […]
Dollar Flat Against Yen in Asian Trading
TOKYO (AP) – The dollar was almost flat against the yen Wednesday in Asia as traders adjusted their positions amid mixed sentiment over the Japanese central bank’s monetary policy. The dollar was trading at 118.02 yen by mid-afternoon in Tokyo, […]
Hartz Manager Killed
New York Post – Hunt Taylor, the man who oversaw nearly $1 billion in Stern family investments in hedge funds, was killed late Sunday in a motorcycle accident during a vacation inArizona. Taylor, 54, died when the motorcycle he was […]
Senate endorses tax break for financial firms
KVIA.com – The state Senate has unanimously approved a tax break for mutual and hedge funds that locate in New Mexico.The proposal approved today is part of a package of tax reductions recommended by Governor Richardson.It removes the gross receipts […]
January 2006 Performance Review of the DOW Jones Hedge Fund Strategy Benchmarks
HedgeCo.Net – All of the six hedge fund strategies covered by Dow Jones Hedge Fund Indexes entered 2006 by posting net-of-fees gains in January. One point worth noting is that as per the indexes’ calculation methodology, at the start of […]
FTSE Hedge Index returns strong performance for quarter
HedgeCo.Net – The FTSE Hedge Global Index continued its upward climb in January, posting gains of 2.12% in US$ terms. This is the third straight month of greater than 1% monthly returns, bringing the last rolling quarter’s cumulative return to […]
The Hedge Fund Report: Mission Mostly Accomplished
The asset manager has turned itself around, thanks in part to CEO Gary Black’s efforts, but there are still reasons for investors to be cautious Named for a two-headed Roman god, Janus Capital Group (JNS ) may have done an […]