Monthly Archives: August 2009
Sovereign funds join forces for strategic investment
Reuters – An increasing number of sovereign wealth funds are working in concert to make joint strategic investments in order to reduce risks and maximize returns, which could provide a stabilizing force in financial markets. State-owned funds from China, Singapore, […]
U.S. Confirms Criminal Cases Against UBS Clients
New York Times – The United States is building criminal cases against more than 150 American clients of UBS as part of a crackdown on tax evasion now made easier by a deal over access to secret account information. U.S. […]
Hedge Funds Had Net Inflows of $10.6 Billion in July
Bloomberg – Hedge fund assets increased by $10.6 billion in July, rising for a third straight month, as managers trading shares benefited from global stock market gains, according to Eurekahedge Pte. Net inflows into the industry totaled $2.1 billion, while […]
Greed can backfire on hedge fund seeders: Man
Reuters – Early-stage investors in hedge funds should not be too greedy when negotiating with start-ups or it may hit their own investment, warns Man Investments, which this week agreed a short-term deal with an Asian start-up fund. Net outflows […]
Hedge funds soar in ’09, most still in the red
The Boston Globe – Hedge funds are having their best year since 1998, yet most fund managers still are well below their peaks before the market’s meltdown last year, industry analysts said. Hedge fund assets rose 2.5 percent in July, […]
Hedge funds build up short bets on VW again
Reuters UK – Hedge funds have increased their bets on a fall in voting shares in Europe’s biggest carmaker Volkswagen, according to data on Tuesday, despite the heavy losses suffered by such funds last year. Hedge funds shorting VW were […]
Hedge Fund Atalaya Expands Investment and Marketing Team
West Palm Beach (HedgeCo.net) – Encouraged by a promising investment environment and accelerated investment pace, New York-based special opportunities fund, Atalaya Capital Management LP, today announced that it has expanded its team, adding three investment professionals and a marketing professional. […]
Salus Alpha Directional Market Funds Outperform
West Palm Beach (HedgeCo.net) – Salus Alpha (SA) announced that their fund, ‘The Salus Alpha Directional Markets’ stood out from its peers in the Managed Futures space due to its unique approach. The majority of the managed futures funds, SA […]
NewRiver revives suspended IPO at fraction of value
Reuters – Opportunistic property investment firm NewRiver Retail said on Monday it would list in September with a capitalisation of 25 million pounds, two months after suspending a planned 250 million pounds float. NewRiver expects its shares to be admitted […]
Hedge Fund Managers Split Over Strategy
New York Times – Russell Herman, the chief executive of the hedge fund firm Dawson-Herman Capital Management, is the latest manager to shutter his fund after heavy losses last year and differences with the firm’s founder, Jonathan Dawson. Mr. Herman […]
Funds: Behind Bob Olstein’s Comeback
BusinessWeek – The collapse of Lehman Brothers on Sept. 15, 2008, and the ensuing stock market crash forced Bob Olstein, who has been analyzing companies’ financial statements and managing money for 41 years, to change the way he evaluates and […]