Monthly Archives: May 2006
Caymans burnish image amid hedge fund growth
Reuters – For some, the Cayman Islands conjure images of beaches and turquoise waters. But this wind-swept trio of Caribbean islands also has a recurring image as a haven for shadowy financialdealings, a reputation Caymanians are trying to change. The […]
Hedge Fund Fees Make Blackstone, Lazard Risk Clients’ Loyalty
Bloomberg – Bruce Wasserstein, Stephen Schwarzman and Ken Moelis made their reputations on Wall Street by buying and selling companies. So why are they doing deals that Henry Paulson, chief executive officer of Goldman Sachs Group Inc., the king of […]
Finding Comfort (and New Friends) in Gold
Tuscaloosa News – IT’S a splendid spring day in Connecticut’s horse country and James E. Sinclair, perhaps the best-known gold speculator of his era, is sitting before his trading terminal,contemplating the upward thrust of gold on his trader’s chart. The […]
Big Risk on Campus
BusinessWeek – Hot portfolios at Harvard and Yale have smaller colleges moving aggressively into hedge funds. They may be putting their endowments in jeopardy When the multi-billion dollar endowments at Harvard and Yale reported stellar returns during the bear market, […]
Hermes proposes changes for BT fund
Financial Times – Hermes, the asset manager of the BT pension scheme, is proposing a radical investment switch that could dramatically reduce the exposure of the UK’s largest pension fund to the UK stock market in favour of overseas stocks […]
Thames River to Maintain Hedge Fund Privacy
WEST PALM BEACH, FL (HEDGECO.NET) – Thames River, which oversees about $8.5 billion (4.6 billion pounds) of assets in hedge fund and traditional portfolios, said on Thursday it will not float in the stock market and that it was in […]
Conference to Discuss Effect of Hedge Funds on Distressed Debt Market
WEST PALM BEACH, FL (HEDGECO.NET) – The face value of distressed debt in the United States is estimated to exceed $600 billion. Prominent and lesser known distressed managers control a significant percentage of this country’s steel production, movie theaters, textile […]
AP1 managers leave to form hedge fund
IPE.com – The roughly SEK33.6bn (€3.6bn) Swedish hedge fund outfit Brummer & Partners has nabbed two asset managers from buffer fund Första AP-fonden, or AP1, todevelop a new hedge fund. Jesper Sandin and Daniel Chapuis are due to leave the […]
InfoUSA tells shareholders to ignore hedge fund
Reuters – InfoUSA on Thursday urged shareholders to ignore calls from a hedge fund to vote the database firm’s founder off its board, the latest shot in an increasingly acrimonious proxy battle. In a letter to stockholders, infoUSA founder and […]
EU’s McCreevy rules out legislating on hedge funds
Reuters Italia – EU Internal Market Commissioner Charlie McCreevy ruled out introducing new rules to regulate hedge funds, saying they played a key role in putting the “fear of God” in companymanagement and boards to the benefit of all. “My […]
Returns soar in North America
CityWire.co.uk – With returns in North America over the past 12 months outstripping those of recent years, the sectors top three fund managers have all derived their returns from different sectors of the market. Smith & Williamson’s A-rated Lady Tana […]
Reuters, CME venture targets hedge fund growth
Reuters – A Reuters Group Plc and Chicago Mercantile Exchange deal to create the first centrally cleared foreign exchange marketplace aims to tap growing institutional and hedge fund activity, thetwo companies said. The companies said on Thursday they will pool […]