Monthly Archives: May 2010
Public Pension Plans to Top Corporate Plans In US Hedge Fund Allocation
New York (HedgeCo.net) – Agecroft Partners predicts that United States public pension funds will increase their allocation to hedge funds at faster rate than corporate pension plans due to sweeping new corporate pension legislation that is just beginning to take […]
E.U. Nears ‘Black List’ Legislation for Hedge Funds
NYT – A lawmaker at the European Parliament indicated Tuesday that the E.U. is close to an accord on new hedge-fund legislation that would curb the ability of some offshore funds to raise money from E.U. investors, The Wall Street Journal […]
Fortress is newest global hedge fund to head for Asia
Opalesque – Asia is indeed attracting a lot of attention from investors, and hedge funds are said to be making a beeline into the region. The latest global hedge fund to join in is Fortress Investment Group, a New York-headquartered […]
Another Top Official Departs From Citadel
WSJ – The head of the securities division at Citadel Investment Group has left the hedge-fund firm, marking another sign that founder Kenneth Griffin still has work ahead to stabilize senior management ranks. Mr. Griffin said in an internal memo […]
Wyser-Pratte Says Euro May Reach Dollar Parity as Spain Looms
BusinessWeek – U.S. investor Guy Wyser-Pratte said the euro could drop to parity with the dollar and the Greek debt crisis will probably spread to Spain. “The key in Europe is not Greece or Portugal but Spain,” Wyser-Pratte, an activist […]
Goldman Hedge Fund Under Fire
New York (HedgeCo.net) – Antitrust lawfirm, Wolf Popper LLP., filed a class action lawsuit against Goldman Sachs Group and certain of its senior officers on behalf of investors who purchased Goldman securities between August 5, 2009 and April 16, 2010. […]
US hedge fund Fortress eyes Asia comeback
Reuters – Fortress Investment, one of the world’s largest publicly traded alternative asset managers, plans to rebuild its Asian operations and is in the process of setting up an office in Singapore, sources said. Hedge funds have been making a […]
Hedge Funds Sour On Euro, And Iffy on U.S.
Time -With so many new economic crosscurrents to consider, it’s good to know where the big dogs– hedge funds–are hunting these days. Do they think the European Union can pull a rabbit from the hat and save Greece? Do they […]
Hedge funds put their money on Tories to defend their interests in Europe
Guardian – Britain’s next chancellor will be riding into battle on behalf of Britain’s private equity barons and hedge fund managers within days of taking office, as European finance ministers prepare for a crucial vote this month on tough new […]
HSBC closes fund of hedge funds
What Investment – All remaining assets in HSBC’s Global Absolute fund of hedge funds were today rolled over into the company’s UCITS AdvantEdge product. The news, confirmed last week, was the result of a board decision due to concerns over […]
Currency Volume Drops as Hedge Funds Trade Less, Greenwich Says
BusinessWeek – Global currency trading volume declined 6 percent to just under $100 trillion last year, after setting records in 2007 and 2008, as hedge funds placed fewer trades than in previous years, Greenwich Associates said. Trading by fund managers […]
Institutional Investor’s Hedge Fund Industry Award Nominees
New York (HedgeCo.net) – Institutional Investor magazine is presenting the 8th Annual Hedge Fund Industry Awards, which will recognize the hedge funds, hedge funds of funds, seeder firms, investment consultants, endowments, foundations, family offices, corporate funds and public funds who […]