Monthly Archives: July 2010
Martin Currie Said to Launch Retail Funds
NYT – Martin Currie is the latest investment firm to open its arms to retail investors. The Edinburgh-based asset manager, which has £10.5 billion ($16 billion) under management, is planning to launch three new hedge funds for retail investors, The […]
Bank of America Gives Mutual Funds, Brokers Algorithm for ETFs
Bloomberg – Bank of America Corp., the largest U.S. lender by assets, is offering clients an electronic trading strategy that can automatically create shares of exchange-traded funds by buying and selling stocks and hedging with futures. The Charlotte, North Carolina-based […]
Hedge Fund T2 Partners on BP, Microsoft and Anheuser-Busch InBev
Seeking Alpha – If there’s one overwhelming theme we’ve seen from hedge funds as of late, it would be the ‘long high quality large caps’ trade. Whitney Tilson and Glenn Tongue’s hedge fund T2 Partners further verify this with their […]
Former Mellon Chiefs Said to Launch Fund Business
NYT . Two former heads of one of Bank of New York Mellon’s fund of hedge funds units are planning to hang their own shingle, Financial News reported. Derek Stewart and Scott MacDonald, who previously ran BNY Mellon’s Mellon Global […]
Hedge funds still attracting billions in new cash
Reuters – Hedge funds pulled in $9.5 billion during the second quarter with nervous investors preferring to send their money to the biggest and best established managers, according to industry tracker Hedge Fund Research Inc on Tuesday. Hedge fund managers […]
Survey: Hedge Fund Experts Doubt The Impact Of The Obama Reform
New York (HedgeCo.net) – More than 2000 people in the financial industry were polled in an extensive global survey which found more than half of the hedge fund industry experts lack confidence in the US administration’s ability to construct new […]
Ikos Divorce Rattles Firm; Cash Exits, Staff Gets Ax
WSJ – Last month, Martin Coward, a co-founder and former executive of European hedge-fund group Ikos, flew from Cannes, France, to Greece on a private jet, according to people familiar with the matter. But Mr. Coward had to take a […]
Private-equity-fund advisers balk at new oversight rules
Investment News – Financial advisers to some private-equity funds fear that efforts to reduce systemic risk in the financial markets, a key theme of the massive reform bill signed into law last week, are unfairly targeting them. In a congressional […]
Asia-based hedge-fund managers beat global brethren
Asian Investor – Asia-focused hedge funds perform better if they are run from within the region, a recent study from Singapore-based research firm GFIA shows, and Hong Kong-based fund of hedge funds 3A Asia says the findings are reinforced by […]
Cowen Launches Hedge Fund Replicator With Access To Alternative Investments
New York (HedgeCo.net) – Ramius LLC, the asset management division of Cowen Group, announced the creation of its first mutual fund, Ramius Dynamic Replication Fund, focusing on hedge fund replication that provides investors the opportunity to access market exposures typically […]
BofA Private-Equity Staff Said to Depart for Bank-Tied Ventures
Bloomberg – Bank of America Corp., under government pressure to curb private-equity investments, plans to sell $1.2 billion of commitments to funds managed by Warburg Pincus LLC as about 30 employees join two new bank-affiliated ventures, said two people with […]
Beazley Plans to Increase Hedge Fund Assets as Investment Returns Decline
Bloomberg – Beazley Plc, a Lloyd’s of London insurer, plans to increase its hedge-fund holdings as record-low interest rates squeeze investment returns. Beazley will raise the proportion of its assets invested in hedge funds to as much as 13 percent […]
