Monthly Archives: August 2009
Gold investment fever grips US hedge funds
Commodity Online – A prominent hedge fund manager has claimed that gold investment is proving popular in the US over fears about inflation. Moonraker, a London-based independent firm, has managed over $330 million worth of assets at BDO Stoy Hayward […]
People Moves: Global Fund Exchange Hires Hedge Fund Specialist
HedgeCo.net (West Palm Beach) – Alternative investment manager, Global Fund Exchange, has hired A. Michael D’Arpino as Director of Business Development, a new position at the firm. D’Arpino joins Global Fund Exchange from hedge fund manager Clinton Group, Inc. "We […]
Brazil Hedge Funds Post Biggest Monthly Inflow in July for ’09
Bloomberg – Brazilian hedge funds lured about 8.2 billion reais ($4.52 billion) in July, the biggest monthly inflow this year, as a rebounding economy and record low interest rates increased demand for stocks and other higher- yielding assets. The investment […]
Harvard Management hires two from hedge funds
Reuters – Harvard Management Co, which invests the Ivy League school’s multibillion dollar endowment, hired two investment managers away from two prominent hedge funds, the university said on Wednesday. Emil Dabora, a senior managing director at Caxton Associates, will join […]
Fortress Investment loss narrows
Reuters – Fortress Investment Group LLC, one of the few publicly traded U.S. hedge fund groups, reported a narrower quarterly loss on surprisingly strong revenue Wednesday, and forecast improved demand for its portfolios in coming quarters. Fortress executives said several […]
30-Something Hedge Fund Billionaire Urges Energy Market Reform
The Business Insider – We’re eagerly awaiting the testimony of energy fund billionaire John Arnold before the Commodity Futures Trading Commission today, and not just for the obvious reasons. Former Enron trader Arnold presumably became the second-youngest self-made billionaire in […]
Hyland Says ‘Gibberish’ to Cite Fund for Price Rise
Bloomberg – John Hyland, chief investment officer for the world’s largest exchange-traded fund in natural gas, said assertions that his company helped drive up energy prices were ”self-serving statistical gibberish.” ”Any time someone tells you that common sense tells you […]
Massachusetts Cuts Hedge Funds After Pension Loss
Bloomberg – Massachusetts will cut investments in hedge funds after its public pension plan lost a record 24 percent on all assets in the fiscal year ended June 30. The state pension plan’s board of trustees voted today to lower […]
Hedge fund best practices event
Examiner – There is a global movement towards the harmonization of best practices and standards in the hedge fund industry amongst investors, hedge funds, funds of hedge funds, policymakers, service providers and regulatory authorities. In response to the global financial […]
Charlotte Hedge Fund Forum Started by Headline Capital
HedgeCo.net (West Palm Beach) – Hedge fund manager Headline Capital Management LLC, is spearheading a series of capital introduction events showcasing the largest gathering of hedge fund managers from the Charlotte region. Aegis Funds Management, Afton Capital Management, Blackhawk Capital […]
Credit Suisse Alternative Index Replication Suggests a Positive Month for Hedge Funds
HedgeCo.net (West Palm Beach) – Long/Short Equity hedge funds continued to increase overall net exposures in July, enabling managers to capitalize on market upswings early in the month, according to Jordan Drachman, Head of Research for Alternative Beta Strategies at […]
Citadel To Return $250M To Clients
Reuters – Hedge fund firm Citadel Investment Group will return millions to clients who asked to exit last year, but were locked in when its flagship funds lost more than half their value during the financial crisis. The Chicago-based firm, […]