Monthly Archives: February 2006
Greenwich exec’s new book opens doors to hedge fund industry
Stamford Advocate – Barton Biggs didn’t write “Hedge Hogging” for the money. He already has plenty of that. Obtaining celebrity status wasn’t a motivation either. As a top analyst at Morgan Stanley for 30 years, his name is well-known in […]
South African Hedge Fund Sector ‘Faces Constraints’
AllAfrica.com – THE South African hedge fund industry is facing capacity constraints as demand for hedge fund investments grows, a survey of hedge fund managers by SYmmETRY Multimanager has found. But by diversifying their investment strategies, hedge fund managers could […]
Top Lehman banker in Europe to join hedge fund
Reuters – Benoit d’Angelin, co-head of European investment banking at Lehman Brothers (LEH.N: Quote, Profile, Research), is to leave the U.S. firm tojoin hedge fund Centaurus Capital, the bank said on Thursday. Christian Meissner, currently co-head of German investment banking […]
NASD Steps Up Hedge Fund Sales Probe, Seeks Data on Customers
Bloomberg – The NASD is expanding a probe of the world’s biggest brokerage firms for possible improper sales of hedge funds to individual investors, three people with direct knowledge of the matter said. The industry regulator sent letters to firms […]
The Rich Get Richer
– The 2005 fiscal year was generally good to college endowments, which saw an average rate of return of 9.3 percent, according to data being released today by the National Association of College and University Business Officers. While the average […]
For $500 million payday, forget Wall St.
International Herald Tribune – On Wall Street, where the size of an executive’s bonus is often the ultimate measure of success, a new status symbol has emerged: the $500 million cash payout. While the Securities and Exchange Commission is seeking […]
AIMA Welcomes European Commission’s Expert Group Selection
LONDON, 1st February 2006 – The Alternative Investment Management Association (‘AIMA’) – the leading global hedge fund and alternative investment industry association – has greeted warmly the European Commission’s announcement of its Expert Group on Alternative Investment Funds. The Commission […]
Hedge funds vs general equity
Moneyweb – WHAT is the difference between say, a general equity unit trust and a hedge fund? In a recently released hedge fund report, Peregrine Securities notes that the average South African unit trust derives some 93% of its investment […]
Vega hedge funds post mostly small gains in December
Reuters – Vega Asset Management Partners LP, a $7.5 billion hedge fund manager, posted marginal gains for most of its seven funds in December after suffering losses during 2005, according to a Vegainvestor newsletter obtained by Reuters on Tuesday. New […]
At declaration day, hedge funds circumvent rules
Chicago Tribune – Many hedge funds, the often secretive and lightly regulated investment vehicles for wealthy individuals and big institutions, are hedging when it comes to new rules requiring themto give up some of their privacy. Starting Wednesday, hedge fund […]
Hedge fund continues to put heat on Angelica
St. Louis Post-Dispatch – Angelica Corp. said Wednesday that it so far has failed to satisfy the demands of its largest shareholder, Steel Partners II LP, which wants the Chesterfield-based companyto make governance changes or put itself up for sale. […]
American Century fund uses hedge tactics
Kansas City Star – American Century Investments on Wednesday launched the American Century Long-Short Equity Fund, created to use some of the same trading strategiesas hedge funds. The fund will be managed by Kurt Borgwardt, senior portfolio manager of American […]