Monthly Archives: August 2010
Hedge funds see Microsoft as a bargain
Reuters – Top hedge fund managers like Dinakar Singh and David Einhorn scooped up Microsoft Corp shares in the second quarter, taking advantage of historically low price-to-earnings multiples for the world’s largest software company. Microsoft — whose systems run more than […]
Analysis: Major hedge funds cut back equity risk
Reuters – Even some of the savviest hedge fund managers got burned in 2008 by sticking with their hot stocks for too long as the market tumbled. Now, with fresh signs of weakness in the U.S. economy, they are positioning […]
Hedge funds cut BofA for Citi
Reuters – Hedge fund manager Lee Ainslie swapped a bet on one big bank for another in the second quarter, selling off all his shares of Bank of America Corp and investing in Citigroup Inc instead. Ainslie’s Maverick Capital was joined […]
Yuan revaluation drives hedge fund flows
Financial Standard – Investors flocked to Asian hedge funds in the second quarter, attempting to take advantage of China’s moves towards increased currency flexibility, according to a note by US-based Hedge Fund Research. Asian hedge funds experienced net inflows of […]
The Continuing Evolution Of UCITS In Ireland
HedgeWeek – Market commentary and discussion on the merits and limitations of alternative Ucits funds continue to generate considerable interest for hedge fund managers and their investors. The interest is backed by recent statistics from the European Fund and Asset […]
JP Morgan cements ties to London
Telegraph – JP Morgan Asset Management (JPMAM) is on the verge of appointing the former head of BlackRock’s European arm to run its global institutions franchise from London, in a further sign of the bank’s continued commitment to the UK. […]
Hedge Fund Launches: Merrant Select Market Neutral Fund
New York (HedgeCo.net) – Swedish fund of hedge fund manager, Merrant, has announced the launch of the Merrant Select Fund to a broader range of institutional investors in September 2010. “We search for highly liquid strategies that can generate sustainable […]
Samuel Cole Leaves Hedge Fund BlueMountain Capital, Considering `Options’
Bloomberg – Samuel Cole has left BlueMountain Capital Management LLC, where he served as chief operating officer and co-head of trading for the $4 billion fund whose founders helped create credit-default swaps. “He’s considering a variety of other options,” said […]
Where to Find Shelter if Deflation Takes Holds
WSJ – Amid growing worries about deflation, or a sustained period of falling prices, some analysts recommend that investors buy bonds, which can do better in that kind of dangerous environment. But interest rates on all kinds of bonds are […]
Akerson helped transform Carlyle Group
Auto News – The Carlyle Group, where Dan Akerson has honed his investment and turnaround skills since 2003, is one of those companies that attracts conspiracy theorists.’ New York Times columnist Maureen Dowd referred to the Washington, D.C.-based investment firm […]
Interview: Hugh Hendry, hedge fund manager
Scotsman – The economy is set for a prolonged depression and the Scottish Parliament is “a wanton waste of a poor country’s resources”. So says Hugh Hendry, a high-profile hedge fund manager who left his humble roots in Castlemilk behind […]
Peacocks’ owners start search for buyers: report
MarketWatch – Peacocks’ owners will kick off a search for potential buyers next month, valuing the U.K. clothing chain at an estimated GBP600 million, according to the Daily Mail on Sunday newspaper, without saying where it got its information. Advisers […]