Monthly Archives: April 2010
Harvard Class of ‘69 Blamed for Pension Mess in Hedge-Fund Book
Bloomberg – Steven Drobny, who compares the joy of writing to “putting toothpicks in my eyeballs,” said he was obliged to write his second book because he’s worried taxpayers may one day have to bail out pension plans — and […]
BlueMountain raises $250 million for new post-crisis funds
MarketWatch – BlueMountain Capital Management, a big hedge fund firm focused on credit markets and equity derivatives, said Tuesday it raised $250 million for new funds that will tap into opportunities created by the financial crisis. The BlueMountain Long/Short Credit […]
Greece set for U-turn on hedge fund policy
Telegraph – The spread on Greek euro-denominated debt on Tuesday reached 408 basis points over German Bunds, leading fund managers to say the country will have to accept hedge fund orders if it is raise anywhere close to the amount […]
Geithner Urges Europe to Revise Hedge-Fund Regulation Plan
BusinessWeek – Treasury Secretary Timothy F. Geithner said European policy makers shouldn’t block U.S. investment funds from its markets and praised recent delays to a hedge-fund regulatory framework. “As you consider how to design this important set of reforms, I […]
Goldman Sachs Invests In $4 Billion Hedge Fund
New York (HedgeCo.net) – Goldman Sachs’s $1 billion Petershill Fund Offshore LP, has bought a minority stake in a $4 billion hedge fund, according to a Bloomberg report. The hedge fund, Level Global Investors LP., founded by David Ganek, bets […]
Hedge Fund Assets to Hit $2 Trillion by Year-End, Survey Says
Bloomberg – Global hedge fund assets may return to the pre-financial crisis peak of almost $2 trillion by year- end, boosted by investment profits and capital inflows, according to a Credit Suisse Group AG survey of investors. Industry assets may […]
HSBC targets $100 mln for emerging markets fund
Reuters – HSBC Global Asset Management hopes to raise $100 million pounds for a new emerging markets fund that will use hedge fund tactics to try and make money in all markets. The HSBC GIF GEM Equity Alpha fund will […]
Och-Ziff’s flagship returns 1.14% in March
MarketWatch – Och-Ziff Capital Management Group’s main hedge fund returned more than 1% in March, according to a regulatory filing Monday. OZ Master Fund Ltd. climbed 1.14% last month, leaving it up 2.65% during the first quarter of 2010, Och-Ziff […]
Atlanta hedge fund manager accused of fraud
AJC – Investors are suing an Atlanta hedge fund manager for alleged fraud and unspecified damages because they claim he diverted money to his own use and doctored financial statements. Robert L. Duncan, managing partner and founding member of Seaside […]
Hedge Fund Replication ETFs That Defy Stereotypes
Minyanville – There’s a certain element out there in the investment community that believes that ETFs are supposed to be strictly low cost, plain vanilla, equity index funds, i.e. “cheap beta” products. I suppose I can understand where people got […]
Euro Falls Vs Dollar, Yen On Fresh Greece Concerns
Market Watch – The euro fell against the dollar and the yen in Asia Tuesday after reports rekindled concerns over Greece’s fiscal woes, prompting Asian hedge funds and other short-term investors to sell the common currency. Lingering uncertainties over Greece […]
Deutsche Bank spin-off raises $1bn for quant hedge fund
Wealth Bulletin – Roc Capital Management, the quantitative-trading hedge fund launched last summer following a split from Deutsche Bank, has emerged as one of the biggest industry start-ups since the financial crisis with inflows in excess of $1bn (€740m), according […]