Monthly Archives: April 2010
CQS’s Oldest Global Hedge Fund Doubles Asian Bets in Two Years
BusinessWeek – CQS U.K. LLP, a London-based manager of $6.7 billion in assets, has doubled the Asian allocation of its oldest global hedge fund since 2008 as it bets on a recovery in the region’s convertible bond market. Asia now […]
Sciens acquires hedge fund managed account platform from Partners Group
Opalesque – Partners Group AG and Sciens Capital Management are pleased to announce the sale of 100% of the stock of Partners Group Fund Services Ltd. to Sciens Fund of Funds Management Holdings Ltd. in a cash and earn-out transaction. […]
BlueGold Beats Average Hedge Fund With 12.5% Return
Bloomberg – BlueGold Capital Management LLP, the energy hedge fund manager overseeing $1.7 billion in assets, returned 12.5 percent to investors in March, more than four times the gain of the average hedge fund. The fund rose a cumulative 1.5 […]
How one hedge fund helped keep the housing bubble going
AZ – In late 2005, the booming U.S. housing market seemed to be slowing. The Federal Reserve had begun raising interest rates. Subprime mortgage company shares were falling. Investors began to balk at buying complex mortgage securities. The housing bubble, […]
Euro Rises to 3-Week High as Greece Gets $61 Billion EU Package
BusinessWeek – The euro strengthened to the highest level in more than three weeks versus the dollar after Greece got an international rescue package worth as much as 45 billion euros ($61 billion) to help it avoid a default. The […]
Petters Group Founder Gets 50-Year Term for $3.5 Billion Fraud
Bloomberg – Petters Group Worldwide LLC founder Thomas Petters, convicted of orchestrating a $3.5 billion fraud scheme, was sentenced to 50 years in prison. Petters, 52, was found guilty in December of 20 counts in what prosecutors said was the […]
Eurekahedge: Hedge funds up 2.54% in March 2010
New York (HedgeCo.net) – After a slow start to the year, hedge funds showed their strength in March, witnessing robust positive results across all regions and strategies. The composite Eurekahedge Hedge Fund Index advanced 2.54 amid significant movements in most […]
Another Executive Said to Exit Goldman Fund Unit
NYT – In what would mark the second high-profile departure in less than a month from Goldman Sachs’s Principal Strategies unit, Ali Hedayat, the co-head in the Americas of the bank’s largest internal hedge fund has left the firm, Bloomberg […]
Reed targets private investment pools
Politico – In an effort to throw some light on the shadowy world of private investment pools, Democratic Sen. Jack Reed of Rhode Island is working to require hedge, private equity and venture capital funds to provide information on their […]
Majedie’s Tortoise Hedge Fund Moves Cautiously
WSJ – In a world where many hedge-fund managers boast of “high octane” returns, Majedie Asset Management’s Matthew Smith has a gentler manner with his Tortoise fund. Smith said the fund’s name reflects the firm’s “steady, conservative approach to generate […]
Hedge fund BlueCrest moving to Guernsey
Telegraph – The hedge fund’s decision to move its base to the tax haven was revealed by Mike Platt, the firm’s founder, in a letter to investors and comes on the back of BlueCrest’s decision to open an office in […]