Monthly Archives: May 2008
Activist hedge funds win first victory in France
Reuters- Activist hedge funds have struck their first victory in France, building on successes in Britain and the Netherlands, where their aggressive tactics have forced several companies to bend to their will. Centaurus Capital and Pardus Capital Management got their […]
UBS’s Commodities Co-Head Quits to Join Hedge Fund
Bloomberg- Hunter Shively, global co-head of UBS AG’s commodities business for the past seven months, is resigning to join a start-up hedge fund that is raising money to trade energy futures. Shively, 38, will stay on for two months to […]
Edeus launches mortgage quality assessment service
Reuters UK- Mortgage market specialist edeus is launching a service that it says will allow investors and bankers to assess the quality of pools of mortgages behind asset-backed securities based on up-to-date information. Edeus says its service differs from traditional […]
SEC to probe Bear Stearns trading data
Reuters- Bear Stearns Cos plans to turn over documents to securities regulators showing that financial giants like Goldman Sachs Group, Citadel Investment Group and Paulson & Co cut their exposure to the securities firm before its collapse, the Wall Street […]
UK fund tries new tactic in face of Japanese ban
Guardian Unlimited- The Children’s Investment Fund has bought shares in two major investors in the Japanese company J-Power, weeks after its attempt to double its stake in the electricity supplier was blocked by the Japanese government. The hedge fund – […]
Road to hedge fund riches is rockier now
Reuters) – Starting a hedge fund was long considered the road to riches for money managers, but the path has become much rockier in the last months. "It is materially harder to start a hedge fund today than it was […]
HSBC funds arms to rebrand
Reuters- More merger and acquisition activity among fund firms is likely as the industry faces up to a tough 2008, said Mark McCombe, head of HSBC’s asset management arm, which is to rebrand next month. McCombe, chief executive of what […]
Macro hedge funds post double-digit returns
Wealth Bulletin- Macro hedge funds that place bets based on views of the global economic outlook have shown returns of more than 12% this year, outperforming the S&P 500 index by about 17%, data from Hedge Fund Research revealed, according […]
Arbah Global launches Nanotechnology Fund
Gulf Daily News – A fund designed to tap into the potential for development of molecular and atomic-sized particle technology was launched at the 4th Annual World Islamic Funds and Capital Markets Conference yesterday. Arbah Global, a Bahrain-based investment arm […]
Hedge Fund Crescendo Partners gives a jolt to Cott shares
New York (HedgeCo.Net) – Soft-drink maker Cott Corp. has gotten a vote of confidence from hedge fund Crescendo Partners, along with a boost in share value. Crescendo has raised its stake to 8.7% in the struggling company, and will meet […]