Monthly Archives: May 2008
Hedge fund plunders Lehman prime execs
Asian Investor – Hedge fund manager CQS has hired Michael Schulz and Laura Hui from the prime broking department of Lehman in Hong Kong. Schulz is taking the post of risk manager for Asia at CQS. In Lehman’s prime broking […]
UBS $100 Billion Wager Prompted $24 Billion Loss in Nine Months
Bloomberg – The annual shareholders meeting of UBS AG used to be a time for Chairman Marcel Ospel to gloat over his accomplishments. Shareholders would praise Ospel for turning a slow-growing, insular Swiss bank into a global financial powerhouse, with […]
Long-short funds flopped during slump
Chicago Tribune- Maybe plain-vanilla stock and bond mutual funds will do the job after all. Long-short funds — the newfangled mutual funds designed to give common investors a hedge fund experience and protection during downturns — recently went through one […]
Arpad Busson, a hedge fund
Times Online- Arpad Busson was 10 minutes late. As the 44-year-old financier (who is also actress Uma Thurman’s boyfriend) hobbled through the door of his Mayfair boardroom, it became apparent why. “I’ve done my back in,” said Busson, in a […]
‘130/30’ funds come up short of long-only peers
Baltimore Sun- Mutual fund companies come up with "new ideas" all the time, but most don’t gain any traction. So when Fidelity Investments joined the latest trend this month and opened a "130/30 fund," it signaled that the newest fad […]
YouGov Alpha hedge fund targets $50 million
LONDON (Reuters) – Polling and research group YouGov said on Monday it is aiming to raise up to $50 million (25 million pounds) for the launch of a hedge fund that will use polling data to highlight lucrative investment strategies. […]
Paulson hedge fund to support Icahn’s plan for Yahoo!
West Palm Beach (HedgeCo.Net ) – Merger arbitrage guru John Paulson and his $30 billion hedge fund are supporting a dissident board slate that was brought forth on Thursday by investor Carl Icahn, though he’s hoping it won’t resort to […]
With Sprott, the funds may be the best bet
ReportonBusiness.com – Money managers around this country will have enjoyed a moment of catty glee yesterday when Sprott Inc. shares traded down slightly off its initial public offering. Investment types are even more envious than the rest of us when […]
JPMorgan to close or spin-off Bear funds
Reuters – JPMorgan Chase expects to liquidate or spin off much of the asset management arm of Bear Stearns after it takes over Bear next month, people familiar with the situation said Thursday. Bear Stearns Asset Management (BSAM), which during […]
Hedge funds gain in April, but earlier losses remain
Blackenterprise.com – Resurgent long/short equity hedge funds helped the Credit Suisse/Tremont Hedge Fund Index to a 0.57% return for April, though drawdowns from earlier months continued to weigh on the index, which remained at negative 1.45% for the year. "Despite […]
SkyBridge Capital unveils global hedge fund seeding platform with Australia’s Challenger
HedgeWeek – New York-based SkyBridge Capital, which provides strategic capital to new and early-stage hedge funds, and Australia’s Challenger Financial Services Group have announced a long-term strategic relationship to launch the first global institutional hedge fund seeding and alternative investment […]
Ex-Mayor That Ran Hedge Sent to Jail
HedgeFund.Net – As a onetime mayor, Lee Skierkiewicz parlayed his standing in the community—a Cincinnati suburb named Loveland—into his next venture, a hedge fund named Prima that Skierkiewicz set up with the intention, he claimed, of making money for the […]