Monthly Archives: July 2010
Inflows lift Polar Capital assets to $2.6 bln
Reuters – Hedge fund firm Polar Capital (POLR.L) said client assets under management rose 2.5 percent in the three months to June, with client inflows more than offsetting fund losses from recent market volatility. The firm, which ran nearly $4 […]
Special Report: AgBank’s Easter surprise showed China IPO lure
Reuters – Hong Kong investment bankers were just wrapping up work ahead of the long Easter weekend in early April when they were hit with a proposition that would upend their holiday plans. Agricultural Bank of China, the country’s third-largest […]
Neuberger Reprises Lehman Team for Hedge-Fund Manager Deals
Bloomberg- Neuberger Berman Group LLC, the money manager that was part of Lehman Brothers Holdings Inc., reassembled a team of ex-Lehman executives to invest as much as $1 billion in firms that run hedge funds. The investments will be made […]
Hedge Fund Launches: Direxion’s Multiple ETF Shares
New York (HedgeCo.net) – Alternative investment manager Direxion has launched four new Direxion Shares Daily 2x ETFs to its existing lineup of multi-directional, leveraged funds. This brings the total number of leveraged ETFs offered by Direxion to thirty-eight. The new […]
UCITS Hedge Funds Start Comeback
New York (HedgeCo.net) – The UCITS Hedge Fund Strategy (HFS) Index gained 0,41% in the second week of trading in July 2010, but is still down by -0,05% month to date (by business day 10, July 14th 2010). Out of […]
Hedge funds return tepid in first half
Pensions & Investments – Hedge fund returns for the first half of 2010 were uninspiring, hovering between flat and slightly negative for the major hedge fund indexes. But the returns were vastly better than the -6.64% of the S&P 500 […]
Higher education fund buys gold over economic worries
Houston Chronicle – Fearing unstable international financial markets and the possibility of high inflation, Texas’ higher education investment managers have bought more than $500 million in gold. The gold purchases represent only 3 percent of the University of Texas Investment […]
KKR Joins Blackstone in Stock Market Disillusioned With Buyouts
Business Week – KKR & Co., the firm that made its name in the biggest leveraged buyouts, may find that private equity is its biggest stumbling block in winning over public investors when it debuts in its hometown of New […]
Salus Alpha Bets on Zinc, Sugar, Cattle on Demand, Prock Says
Bloomberg – Salus Alpha Commodity Arbitrage Strategy is placing bets on zinc, sugar and live cattle on expectations that strengthening demand will outstrip supply, the fund’s chief executive officer Oliver Prock said. Prices of zinc and sugar, ranked the worst […]
Deutsche Bank Options Trader Saiers Joins Alphabet Hedge Fund
Bloomberg – Nelson Saiers, a managing director for proprietary derivatives trading at Deutsche Bank AG, left Germany’s biggest lender to work for Alphabet Management LLC, a hedge fund that specializes in options. Saiers joined New York-based Alphabet this week, according […]
How To Get A Job At A Hedge Fund
Forbes – Many hedge funds were battered by the recession, but they still hold a powerful allure. Mysterious and secretive, they dangle the possibility of enormous paydays and a work environment populated by intense math geniuses who dwell in giant […]
Hedge funds turn to artificial intelligence for market decisions
WSJ – It’s man versus machine on Wall Street as hedge funds turn to artificial intelligence to determine the best investment plays. Wall Street is notorious for not learning from its mistakes. Maybe machines can do better, or at least […]
