Monthly Archives: July 2011
Clients exit hedge funds after poor returns
Reuters – Investors’ net withdrawals from hedge funds hit their highest level in nearly two years last month, data showed on Monday, as the funds struggle to make money in choppy markets dominated by fears over the eurozone’s deepening debt crisis. Net […]
11th Annual Nonprofit Award Nominations: Hedge Fund Manager of the Year
New York (HedgeCo.net) – Canyon Capital Advisors, Contrarian Capital Management and Third Point have been nominated for the 11th Annual Nonprofit Awards. The awards recognize the foundations, endowments, consultants, marketers and investment managers who stood out for their successes, achievements […]
Court case adds fuel to hedge-fund divorce
Independent – The messy divorce of hedge-fund tycoons Elena Ambrosiadou and Martin Coward has become even uglier following a series of alleged revelations in a legal case in Cyprus. The couple ran IKOS Asset Management, making a £200m fortune in the […]
Hedge fund risks should not be underestimated, academic warns
Fund Web – The Alternative Investment Management Association is understating the risks hedge funds pose to global financial stability, according to one academic from the University of Leeds. Yesterday, the trade body representing the global hedge fund industry called on […]
Fixed Income remains hedge funds’ 2011 bright spot
Opalesque – Fixed Income has seen steady inflows this year and remains one of the few bright spots amongst hedge fund strategies. In June performance, fixed income arbitrage is proving itself once again to have the best opportunity set in […]
Pension funds increase alternatives allocation by 16%
Global Pensions – The use of alternative asset by pension funds grew by 16% in 2010 to $952bn, according to research by Towers Watson. At the same time total assets under management (AuM) of institutional fund managers increased by 12% […]
Hedge funds express concerns over Conn. taxes
AP – Gov. Dannel P. Malloy is reaching out to hedge funds as part of a campaign to boost Connecticut jobs. The governor’s jobs tour comes as Malloy could lay off about 6,500 state employees to close a budget deficit […]
Hedge funds dropped over Greek debt
Seattle Times – Hedge funds fell 0.2 percent in June as stocks slumped amid rising concern Greece would default on its debt and evidence the global economy was slowing. The Bloomberg aggregate hedge-fund index declined to 125.92 from 126.20 in […]
Nomura proprietary trader Fuchs plans own $400 mln hedge fund-source
Reuters – Benjamin Fuchs, who leads the Global Opportunities Group proprietary trading desk at Nomura Holdings Inc plans to start his own hedge fund of at least $400 million later this year, according to a source familiar with the matter. […]
Blackstone Wins Casino Work as Schwarzman Hedges LBOs With Restructurings
Bloomberg – Blackstone Group LP, the private- equity firm known for raising the largest buyout fund ever, has emerged from the recession with a new reputation: one of the world’s busiest restructuring advisers. Among casino resorts in particular, where fallout from the […]
AIRAS Brings Transparency and Assurance to Investors in Hedge Funds and Private Equity Funds
Axiom Valuation announces the launch of Alternative Investment Return Authentication Service (AIRAS), a product for investors that analytically tests whether the managers of hedge funds and private equity funds are properly reporting Net Asset Values (NAV’s) and associated returns of […]
Hedge Fund Technology: Motif Investing Seeks Beta Users
New York (HedgeCo.net) – Motif Investing today emerged from stealth mode, announcing an October 2010 close of $6 million in Series A funding led by hedge funds Norwest Venture Partners (NVP) and Foundation Capital and new board members. Founded by […]
