Monthly Archives: February 2006
Hedge fund managers bridle under new regs
Boston Business Journal – New disclosure rules handed down by the Securities and Exchange Commission are rippling through Boston’s investment community, triggering confusion and even some animosity among local hedge fund managers who say the regulations miss the mark. SEC […]
Schroders buy adds to funds-of-hedge-funds spree
MarketWatch – On Tuesday, Schroders PLC (SDR.LN) agreed to pay $101 million for London-based NewFinance Capital, which has $2.5 billion in fund-of-hedge-fund assets under management. A further $41 million will be paid out if the unit meets certain revenue targets […]
Michael Dell-backed SkyBridge raises $330 mln fund
Reuters – SkyBridge Capital LLC, a hedge fund manager backed by Dell Inc. (DELL.O: Quote, Profile, Research) founder Michael Dell, said on Wednesday it raised $330 million for its maiden fund aimed at providing seed capital to hedge fund start-ups. […]
More to sue hedge fund
Rocky Mountain News – The former Denver Broncos players suing International Management Associates have new teammates in their legal battle against the hedge fund firm. More than 15 people across the country, likely some in Colorado, are expected to file […]
Middle East Hedge Fund Event to Examine Regional Capital Allocation Priorities
( www.HedgeCo.net ) – Geographically and financially at the crossroads of the new booming Asian economies and those of the established West, the Middle East is increasingly developing the signs of becoming a global economic force causing international executives, bureaucrats […]
Broncos sue hedge fund
Rocky Mountain News – The former Denver Broncos players liked the investment pitch, pouring millions of dollars into the Atlanta-based hedge funds. Now they say they were burned. Steve Atwater, Terrell Davis and Ray Crockett, along with other investors including […]
Portus fails to taint hedge fund sector
National Post – The Portus Alternative Asset Management Inc. scandal may have put Canada’s fledgling hedge fund industry on the global map last year, but not in a way anyone in the business would have liked. At hedge fund conferences, […]
Growth of fund of hedge fund assets slows-survey
Reuters – Weak average returns slowed the growth of assets managed by the world’s largest fund of hedge fund groups to around 12 percent last year from 42 percent in 2004, trade publicationInvestHedge said on Monday. The survey showed assets […]
Arcelor denies hedge fund call for Mittal talks
European steel group Arcelor on Monday, dismissed a call to open talks with suitor Mittal Steel by a hedge fund known for its active participation in bid situations. Hedge fund Atticus Capital said that it had written to Arcelor’s chief […]
Schroders’ 2005 profits rise, makes acquisition
Reuters.uk – Investment manager Schroders (SDR.L: Quote, Profile, Research) reported an 18.5 percentrise in pretax profit for 2005 and said on Tuesday it was buying a hedge fund business for up to $142 million. Profits before tax rose to 250.7 […]
Hedge Funds Find Returns in Making Small Loans
New York Times – On a summer day in 2003, Anthony DiMartino was helping pour concrete on a construction job in Manhattan when he tripped on a cable sticking out of the ground and fell, injuringhimself. While the operations on […]
Permal launches India fund of hedge funds
Reuters – Permal Group, a unit of U.S.-based investment company Legg Mason Inc. (LM.N: Quote, Profile, Research), has launched a fund of hedgefunds tapping strong economic growth in India, Permal said on Thursday. Permal India Holdings will invest in 20 […]