Monthly Archives: May 2010
Europe seeks new levy on banks to create crisis funds
BBC – A network of national funds should be introduced so the cost of bank failures are not met by the taxpayer, the EU internal market commissioner has said. Michel Barnier said such funds would provide part of a broader […]
Former Citadel Manager Leversha to Start Asia Event-Driven Fund
Bloomberg – Simon Leversha, a former managing director of Citadel Investment Group LLC, is starting his own hedge fund this week to trade securities affected by events such as mergers, spinoffs, litigation and regulation. Imperia Asia Offshore Fund will start […]
Ignore The Market Panic, Focus On Value
WSJ – The plunge in markets worldwide is starting to open up some bargains for long-term investors. As usual, you should ignore the panic around you and look for solid value. Don’t worry what the other guy is doing: Worry […]
Hedge funds cut back bets in tough May-Pictet
Reuters – Hedge funds have aggressively cut back bets in recent weeks during a difficult month that has seen the euro tumble and stock market volatility soar, said Pictet’s head of alternative investments, Nicolas Campiche. Hedge funds are now positioned […]
UCITS Hedge Fund Stock Index takes hit in third week of May
New York (HedgeCo.net) – The UCITS hedge fund stock (HFS) Index lost 1,26% in third week of trading in May 2010 (by business day 15, May 21th 2010). Only two out of the eleven sub-strategies returned positive results, although Market […]
Bank of America, Microsoft Lure Hedge Funds
The Street – Following the smart money is usually a fairly good idea and you can’t get much smarter than hedge funds. According to filings with the Securities and Exchange Commission, hedge-fund managers such as Paulson & Co. and Appaloosa […]
Banks Pay Overseas Madoff Investors $15.5 Billion
NYT – About 720,000 investors outside the United States who lost money to the convicted swindler Bernard L. Madoff have settled with their banks, receiving about $15.5 billion in all, according to law firms representing those victims of the fraud, […]
‘No exodus of fund managers’
Staits Times – Talk that tougher regulation of hedge funds and other financial firms in Europe is driving talented staff from Britain to Asia is premature, according to the Lord Mayor of the City of London. Mr Nick Anstee, who […]
Asia private banks favour event-driven hedge funds
Reuters – Private banks are recommending that clients allocate more money to hedge funds, in particular event-driven funds that will benefit from an expected surge in mergers and acquisitions and debt restructuring. Unlike in 2009 when stocks rallied across the […]
David Roskoph: An American Renaissance Intensifies
New York (David Roskoph) – One year ago I wrote “An American Renaissance: Capitalism Is Alive and Well” which highlighted the positive structural changes occurring as a result of the Modern Depression: a dose of reality for the (formerly) tragedy-of-the-commons […]
Silk Invest To Launch Frontier Fund Including Pakistan Reigon
New York (HedgeCo.net) – Specialist asset management boutique Silk Invest has announced the launch of a new UCITS III frontier fund, The Silk Road Equities fund, which will invest in Africa, the Middle East and the Caucasus and Caspian region. […]