Monthly Archives: May 2011
Advanced Capital invests into Pan Asian distressed asset specialist
International Business Times – Advanced Capital, the leading European alternative investment specialist, headed up by innovative financier Robert Tomei, and award winning European hedge fund incubator, IMQubator, has announced a €50million joint seed investment into the new mCapital European & […]
IT Insider: The best small cap hedge funds
CityWire – When I was looking at hedge funds last week, BlackRock Hedge Selector UK Emerging Companies, managed by Richard Plackett and Ralph Cox, stood out as one of the best performing listed offerings. The team at BlackRock, which also […]
Nexar Capital Buys Fund of Funds Unit Ermitage From Caledonia
Bloomberg – Nexar Capital Group, a Paris-based firm that invests client money in hedge funds, agreed to buy Ermitage Ltd. from Caledonia Investments Plc for an undisclosed price. The acquisition of London-based Ermitage, a fund of hedge funds that customizes investment […]
More Hedge Funds Getting Slammed By Silver’s Nosedive
Business Insider – Silver was above $50 just a couple of days ago. Not anymore. iShares Silver Trust (SLV) lost nearly $8 per share during the last couple of days. Business Insider listed Charles Davidson’s Wexford Capital as one of the […]
Rajaratnam absent from court as jurors deliberate
MSNBC – Hedge fund founder Raj Rajaratnam did not appear in court on Monday on the sixth day of jury deliberations in his insider trading trial after undergoing emergency foot surgery, his lawyer said. “Mr Rajaratnam had developed a bacterial […]
Greenlight Capital Q1 Letter
Guru Focus – Greenlight Capital, L.P., Greenlight Capital Qualified, L.P. and Greenlight Capital Offshore (collectively, the “Partnerships”) returned (2.5)%, (2.9)% and (3.2)%1 net of fees and expenses, respectively, in the first quarter of 2011. Much like Charlie Sheen, who seems […]
Proxy firms back Fisher against hedge fund’s challenge
The Seattle Times – After weeks of back-and-forth accusations between Fisher Communications and the hedge fund seeking to gain control of its board, two neutral observers have weighed in with verdicts favoring management. Proxy advisory firms ISS and Glass Lewis […]
‘Abu Dhabi, big hedge funds, banks to back Glencore IPO’
Gulf Times – An Abu Dhabi vehicle, big hedge fund managers and Swiss private banks are set to serve as “cornerstone” investors backing commodity trader Glencore’s $12bn flotation, a person familiar with the matter said. Qatar said in March it […]
Yahoo shares jump as hedge fund buys position
MarketWatch – In an investor letter, Greenlight, a hedge fund run by investor David Einhorn, said it “established a new position” in Yahoo YHOO +2.49% at a price of $16.93 a share. It highlighted Yahoo’s major stake in Alibaba Group, […]
Hedge Fund Launch: Japan Nomura Global Trend
New York (HedgeCo.net) – Hedge fund giant, Man Group plc., has announced the successful launch of an AHL open-ended fund in Japan, Nomura Global Trend, which has raised $1.5 billion. The fund began trading at the end of April 2011. […]
Markets get boost from bin Laden death
AP – The death of al-Qaida leader Osama bin Laden has helped lift the mood in the markets all around the world Monday at the start of an extremely busy week of economic news. President Barack Obama’s announcement that the […]