Monthly Archives: April 2006
Caledonian Fund Services Launches US Onshore Fund Administration Practice
Cayman Islands, April 2006. – The Caledonian Group is pleased to announce the expansion of its US operations with the launch of Caledonian Fund Services (USA) LLC, which will be headquartered at 401 S. LaSalle Street, Chicago, Illinois. Caledonian Fund […]
Trust overhaul opens door to hedge funds
Investment trusts are to be shaken up under proposals from the Financial Services Authority that could allow UK investors direct access to hedge funds. In a consultation paper on the revision of its listing rules last week the FSA is […]
Inflows not weakening hedge fund returns
LONDON (Reuters) – Hedge fund returns have hit speed-bumps in recent years, but the sector cannot blame a mass inflow of money from institutions for causing weak performance, a senior HSBC executive said on Wednesday. Hedge funds, which have assets […]
Hostile hedge fund seeks to force way onto Acxiom’s board
LITTLE ROCK – A Silicon Valley hedge fund that failed twice last year to take over Acxiom Corp. now seeks to wrest control of the Arkansas company by electing three new directors to its nine-member board, according to information from […]
Private equity battles with hedge funds in Japan
TOKYO/HONG KONG (Reuters) – Private equity firms struggling to find reasonably priced assets in Japan are increasingly settling for smaller stakes in companies — pitting them against souped-up hedge funds in competition for deals. While buyout funds are usually loath […]
Hedge Funds Are Defying Soros, Gross Predictions: Matthew Lynn
Bloomberg – Too greedy. Too many of them. Too much competition. Those were just a few of the reasons why such financial gurus as George Soros and Bill Gross were telling us the booming hedge-fundindustry was running out of steam. […]
Dow Jones Indexes, AIG Financial Products Corp. Announce New Family Of Single Commodity Indexes
NEW YORK and WILTON, Conn. (April 4, 2006)â€â€Dow Jones Indexes, a leading global index provider, and AIG Financial Products Corp. (AIG-FP), a leader in financial derivatives products and a wholly owned subsidiary of American International Group, Inc. (AIG), today announced […]
Stratton Street Capital launched HX2 Hedge Fund
Stratton Street Capital announced the launch of HX2 Fund from thebeginning of April. It will be managed by Dominic McEwan and JeffAtherton, who together have over 40 years combined experience in theJapanese market. McEwan has managed the fund since its […]
Hedge funds brought under supervision of federal regulators
Charlotte Business Journal – New rules from the Securities and Exchange Commission, which went into effect earlier this year, required hedge funds with more than $30 million in assets, 15 or more investors and a lock-up period of less than […]
Halcyon sees comeback for cable
Reuters – Cable companies will beat out telephone companies in the fight to wire homes with media services, at least over the next 18 months, the chief investment officer of Halcyon Asset Managementsaid on Monday. John Bader, speaking at the […]
Close Bros buys into hedge fund firm Fortune
Reuters Italia – The UK asset management arm of investment bank Close Brothers said it has bought a majority stake in hedge fund company Fortune Group for an undisclosed sum, adding to similar dealsin the sector. Fortune, founded 10 years […]
GM sells majority of GMAC for $14B
Cincinnati Post – General Motors Corp. on Monday agreed to sell a majority share in its credit arm Monday, a defensive move analysts said would fund employee buyouts and help the beleaguered auto maker’s balance sheet. Cerberus Capital Management will […]