Monthly Archives: May 2010
People Moves: Thomson Reuters Expands Financial Techology Team, Global Network Launch
New York (HedgeCo.net) – David Kelly, Roseann Palmieri and Tanya Ezekiel have been added to the Thomson Reuters Enterprise business leadership team. Thomson Reuters is also launching the Thomson Reuters Elektron, a new information network for the world’s financial markets […]
Hedge funds bank on new bank rules
Crain’s – Financial reform, which is hurtling down the tracks to become law, may succeed in forcing banks to curtail some of their riskier activities—but be careful what you wish for. The debate’s focus on banks has drawn the spotlight […]
Paulson’s Hedge Fund Now Holds 15.5% Stake in American Capital
Seeking Alpha – Due to activity on April 19th, 2010, John Paulson’s hedge fund firm Paulson & Co has filed a 13G with the SEC regarding shares of American Capital (ACAS). John Paulson’s fund has disclosed a 15.5% ownership stake […]
New funds seek to ease investors’ fears on inflation, crash
AP – Stocks are up sharply, yet the mutual fund industry is still bracing for a worst-case scenario. A driving force behind many of this year’s fund launches is fear — and how investors can face up to it. More […]
Northwest Doubles Assets Since Gaining Independence From RAB
Bloomberg – Northwest Investment Management Ltd. has doubled its assets since the Hong Kong-based hedge-fund manager was sold last year by RAB Capital Plc, which lost money in 2008 on a Northern Rock Plc bet. Northwest’s assets under management have […]
Short Selling Profits Disappear as Bets Against Banks Backfire
BusinessWeek – The biggest U.S. equity rally in seven decades is wiping out profits for stock-market bears who have yet to capitulate on bets against banks, retailers and casinos. Hedge funds that profit from falling shares have seen 34 percent […]
Fund-of-funds firms do consultants’ job
Pensions & Investments – When it comes to hedge fund investing the line has never been more blurred between consultants and fund-of-funds managers. Institutional investors like the Nashville and Davidson County pension fund, Maryland State Retirement System and Illinois Teachers’ […]
Conyers Dill & Pearman Hosts Launch Function in Brazil
West Palm Beach (HedgeCo.net) – Over 100 of São Paulo’s senior legal and business executives attended a launch function held by offshore financial law firm Conyers Dill & Pearman, in celebration of the formation of their new Brazil partnership. The […]
Hedge funds hiring IT contractors
eFinancialCareers UK – Man Group has been spending freely on technology over the last year, and is expected to continue to do so going into 2010. To carry out the new projects, it’s been hiring an ever-growing team of contractors, […]
Larger/Younger Hedge Funds Reported Better Returns for 2008: Study
West Palm Beach (HedgeCo.net) -While previous research has confirmed the widely held belief that emerging funds tend to outperform older and larger funds, hedge fund performance in 2008 saw a partial reversal of that trend, according to PerTrac Financial Solutions […]
Funds in turf war
Stuff – Mauled by the carnage on Wall Street, mutual funds are copying hedge fund strategies in an effort to regain some of the shine they have lost this decade. Many investors have been burned investing in a single asset […]
Target shareholders reject Ackman board slate
Times and Democrat – Activist shareholder William Ackman sought for months to replace four incumbents on the Minneapolis-based retailer’s board of directors with five of his own picks, including himself. The head of Pershing Square Capital Management, which has a […]