Monthly Archives: May 2007
UBS to Shut Hedge Fund Unit; First Quarter Profit Falls
CNBC- Swiss bank UBS moved towards closing its Dillon Read Capital Management hedge fund arm in a shock move and said first quarter net profit at the bank declined,falling short of expectations. UBS said on Thursday its investment banking division […]
Hedge Funds Turnover Qantas
NEWS.com.au- Hedge funds trying to cement a position ahead of the Qantas takeover result caused massive turnover in the stock yesterday. The domestic and international funds are estimated to hold about 40 per cent of the stock, with UBS and […]
Hedge Funds May Pose Huge Market Risk:
Reuters- Hedge funds may now pose the biggest risk of a crisis since 1998, when the implosion of Long-Term Capital Management threatened the global financial system, the New York Federal Reserve saidon Wednesday. The statement represented the bank’s sternest warning […]
Citigroup to Acquire Bisys for $1.45B
Forbes- Citigroup Inc. said Wednesday it agreed to buy Bisys Group Inc. in a $1.45 billion deal meant to bolster the New York-based bank’s services catering to private equity investors, mutual fundsand hedge funds. Bisys, based in Roseland, N.J., performs […]
BNP Buys Into Canadian Hedge Fund Subsidiary
BNP Paribas and the National Bank of Canada announced in a press release today that BNP Paribas has acquired a stake in Innocap Investment Management Inc., a subsidiary of National Bank of Canada, which specializes in hedge fund managed accounts. […]
RBC Hedge Fund Index Up for March
RBC Capital Markets reported that for the month of March 2007 the RBC Hedge 250 Index had a net return of 0.87%. This brings the year-to-date return of the Index to 2.86%. These returns are estimated and will be finalized […]
Parker Global Hires Former Fortis Director As Director Of Operations
HedgeCo.net -STAMFORD, CT, May 2, 2007 Parker Global Strategies (PGS) today announced that Faye Ryan has joined the firm as Managing Director, Director of Operations. Ms. Ryan will be responsible for the development and management of the firm operations including […]
High Volatility of Natural Resources a Source of Potential Alpha
HedgeCo.net – 3A SA, the SYZ & CO Group’s hedge fund management division, announces today the market launch of the ACE Natural Resources Fund, a new sub-fund focused on raw materials and natural resources within Alternative Capital Enhancement (ACE), 3A’s […]
Survey Of Affluent Americans Shows US Investors Looking Overseas
The U.S. Trust Survey Of Affluent Americans polled the top tier of wealthiest Americans about their economic outlook, investment behavior, wealth management, philanthropy and intergenerational wealth issues. A majority of the wealthy people surveyed believe hedge funds are good vehicles […]
Fauchier Partners Launches Special Situations Fund Of Hedge Funds
Fauchier Partners announced the launch of the Jubilee Special Situations Fund (JSSF), which will provide investors with returns more commonly associated with longer term and less liquid investments. JSSF was launched on 1 April with approximately $50 million committed. It […]
Goodwin Applies Stock-Analyst Past for Martin Currie Hedge Fund
Bloomberg- Duncan Goodwin’s bets for and against oil producers helped his hedge fund outperform most rivals and its own benchmark. He drew on his past as the U.K.’s top stock analyst to profit from falling stock prices at Exxon Mobil […]
Carbon trading gets competitive hedge
Hedge fund giant Man Investments has released a new report revealing carbon trading markets as the next frontier for the hedge fund sector. According to the World Bank, the international carbon market is trading more than $30 billion ($US […]