Monthly Archives: February 2006
Hedge fund hijinks play havoc with base metal prices
HEDGE fund trading is playing havoc with base metal prices, making it difficult to calculate true values and making prices more susceptible to quick pull-backs. Prices for many base metals are at, or near, record levels after spectacular rises this […]
Last Atlantis Capital Management launches diversified Long/Short Statistical Arbitrage program
ST. THOMAS, USVI – Last Atlantis Capital Management, LLC (St. Thomas, USVI) announces the launch of The LACM Long/Short Statistical Arbitrage Program within The Last Atlantis Master Fund. The same manager has traded the program since 1998 using a highly […]
Yale’s Chief Investor Says Harvard Overpays Its Fund Managers
Harvard Crimson – Yale Chief Investment Officer David Swensen, whose fund has outperformed Harvard’s over the past two decades, said in a speech last month that Harvard overpays its endowment managersâ€â€providing ammunition for alumni who have assailed the University’s salary structure. […]
Fund Investors Cool To U.S. Markets
Investor’s Business Daily – Mutual fund investors don’t seem to have much faith in the U.S. stock market these days. Despite a smart rally — the S&P 500 is up 7.3% since its Oct. 13 low — money has been […]
Equity hedge funds beat stocks in January
Reuters – Hedge funds which trade stocks and those that bet on financial market trends started the year with strong returns of nearly 4 percent, above the gains seen on equity markets, Frenchbusiness school Edhec said on Wednesday. Long/short equity […]
When our Pension’s in a Hedge Fund, Should we Worry or Not?
American Reporter – Being a natural worry wart I clucked my tongue repeatedly when both the self-sanctified New York Times, and tv stock broadcasts alerted investors and general consumers to the coming hedge fund train wreck. As with many of […]
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 […]