Monthly Archives: August 2006
Expert rules out possibility of hedge fund invasion
People – Despite the recent fluctuations in the exchange rate of the Renminbi (RMB), China’s currency, international hedge funds are unable to flood the country and profit from the future appreciation of the RMB. Mei Xinyu, a senior researcher with […]
Nabi shares rise under pressure – hedge fund demands sale to be considered
Fort Lauderdale Sun-Sentinel – Shares of Boca Raton-based Nabi Biopharmaceuticals rose nearly 5 percent Wednesday after hedge fund Third Point LLC urged the biotech firm to allow Bank of America Corp. to explore a possible sale of all or part […]
Steve Gidumal – New Managing Director & CO-CIO Of MDSASS Resurgence & Re/Enterprise Funds
NEW YORK — Steve Gidumal, 48. has joined Resurgence Asset Management’s distressed security investment team as Managing Director and Co-Chief Investment Officer of the M.D. Sass Corporate Resurgenceprivate equity funds and M.D. Sass Re/Enterprise hedge funds. Gidumal will share portfolio […]
Hedge fund buys stake in Tribune
Tribune Co. shares jumped nearly 5 percent yesterday after billionaire investor Nelson Peltz reported he acquired a 1.2 percent stake in the company. According to a filing Monday with the Securities and Exchange Commission, Peltz’ Manhattan-based hedge fund, Trian Fund […]
Thematic: Advice will be key for wider hedge fund access
Clear advice on hedge funds is seen as a vital element of giving retail investors access to the asset class, but firms disagree on the most effective method to open long-short vehicles to wider investment. According to Martin Cornish, a […]
Hedge Funds Go Hollywood
Hedge funds have gone Hollywood. Chasing high returns, money managers are plunking down hundreds of millions of dollars to finance films like “Superman Returns” and “Nanny McPhee.” For entertainment lawyers, it’s an opportunity to shine in new supporting roles. The […]
Tired? Poor? Forget It. Send Us Your Capital!
IN THREE AND A HALF DECADES, the U.S. dollar has gone from being anchored by gold to being underwritten by hedge funds. Think about that for a moment. Until Aug. 15, 1971, America said its currency was worth something — […]
Regulate Hedge Funds? Nope, Just the Investors.
A decade ago, derivatives trading was the hot new thing, and people began to worry about the harm it might cause to investors and the health of the financial system. It wasn’t long before someone proposed regulating the newfangled financial […]
Credit Suisse/Tremont Hedge Fund Index Is Up 0.29% in July
NEW YORK, NY, August 15, 2006 — The Credit Suisse/Tremont Hedge Fund Index is up 0.29% in July, according to Oliver Schupp, President of the Credit Suisse/TremontHedge Fund Index. “The intensifying Middle East conflict, demand in China and concerns about […]
Implications of MiFID for hedge fund managers
The Markets in Financial Instruments Directive (MiFID), due to be effective across the EU/EEA from 1 November 2007, will have significant implications for all asset managers including hedge fund managers located in the EU/EEA. As part of the European Commission’s […]
European investors fled from funds in June
LONDON (Reuters) – European investors pulled a record 24 billion euros (16 billion pounds) from funds in June as they took fright from a fall in equities a month earlier, though British investors reacted more calmly, according to a report […]
Hedge Funds, Buyout Firms Favor Democrats With Campaign Money
Aug. 14 (Bloomberg) — Democrats are collecting more than two-thirds of the campaign donations from employees of the biggest hedge funds and buyout firms, as the party taps into one of Wall Street’s fastest-growing sources of wealth. Of the $7.4 […]