Monthly Archives: July 2010
Ex-TCI Asia Head Raises $100 Million for Hedge Fund
Bloomberg – John Ho, former Asia head of the Children’s Investment Fund Management UK LLP, raised more than $100 million from investors for his own hedge fund which bets on rising and falling stocks in the region. Janchor Partners Pan […]
Rogers Investment Wins $90 Million Mandate From Japan Investor
Bloomberg – Rogers Investment Advisors Y.K., a Tokyo-based fund-of-hedge-funds adviser, said it won a mandate worth about $90 million from a Japanese institutional investor, adding to signs of recovery in the nation’s hedge-fund industry. The allocation will be made on […]
International Hedge Fund Probe Ends In Shooting
New York (HedgeCo.net) – A suspect in an investigation into German hedge fund firm K1 Group has allegedly committed suicide while being arrested by police in Spain, Bloomberg reported today. The hedge fund manager, Dieter Frerichs, 72, shot himself after […]
Hedge-Fund Lending Draws Scrutiny
WSJ – Companies that borrow money from hedge funds often see a sharp rise in bets against their shares before the loans or loan amendments are announced, new research shows, suggesting that fund managers or others privy to these deals […]
Hedge fund investors opt for liquidity over returns
Economic Times – The rush for liquid hedge funds is costing investors juicier opportunties elsewhere as institutions opt for a safety first strategy after being burned in the financial crisis. The preference for liquid funds is also squeezing returns as […]
UPDATE: SEC Approves Registered Third Party Marketers Doing Business With Public Pension Funds
Donald A. Steinbrugge – Last week the SEC officially changed its position, voting to adopt new rules concerning public. pension funds pay-to-play practices. The new rules permit managers to pay third party marketers that are registered as investment advisers or […]
Global Private Equity Fundraising at Lowest Level Since 2003
Study – The $41.3bn collected by the global private equity industry from 82 final fund closes in Q2 2010 is the lowest total since 2003, and is a reflection of the continuing harsh fundraising conditions for managers seeking capital. It […]
Adam Sender Dresses Up Hedge Fund Rooms With Ruscha, Dan Flavin
Bloomberg – A black-and-white Ed Ruscha painting with the words “Let’s Be Realistic” spelled out in bold white letters hangs outside the sound-proof trading room at art collector Adam Sender’s hedge fund. Sender’s curator, Sarah Aibel, 28, is giving me […]
Bond funds bring safety in the numbers
MarketWatch – Europe’s high-stakes debt troubles, persistent U.S. job and housing market weakness, and China’s sputtering global-growth engine sent bond mutual-fund investors scurrying for lower-risk fixed income categories during the second quarter. In a clear reflection of global market jitters, […]
Hedge Fund Stars Start Grooming Successors
BusinessWeek – An older generation of hedge fund heavyweights, including Julian Robertson and Michael Steinhardt, shut their firms after deciding they no longer wanted to invest money for clients. Some of today’s most successful hedgies are surrounding themselves with experienced […]
Norway Bids to Lure Hedge Funds as U.S., EU Step Up Regulation
Bloomberg – Norwegian regulators have received eight applications to start or market hedge funds in the country as it lifts a ban today on sales to institutional investors. Five Norwegian firms are seeking to set up hedge funds while three […]
Energy Hedge Funds Close After Investor Withdrawals
BusinessWeek – Energy hedge funds in Europe are collapsing after investor withdrawals forced managers to scale back bets amid sliding prices for oil, coal and electricity. At least six funds managing more than $158 million shut in the first half, […]
