Monthly Archives: September 2012
Ultra High Net Worth Individuals’ Wealth Surpasses Combined GDP of US and China
New York (HedgeCo.Net) – Hedge fund research resource Wealth-X has launched the latest edition of its World Ultra Wealth Report. Highlights include: The world’s ultra wealthy population grew by 0.6% to reach 187,380 and their combined wealth shrank by 1.8% to reach […]
Wall Street Scams Get Personal in Richard Gere’s ‘Arbitrage’
Reuters – In the new film drama “Arbitrage,” Richard Gere brings shady Wall Street dealings to the big screen as a hedge fund titan trying to cover up huge losses from a risky copper investment. The scheming recalls real-life scandals […]
US and English courts differ over broker-dealer bankruptcy on out-of-the-money swap
Hedge Funds Review – Hedge funds should keep in mind differences in US and English regimes when structuring swap transactions and the disparate results possible under law if a broker-dealer swap counterparty is insolvent. Hedge funds rely on broker-dealers to provide […]
Why Hedge Funds Love News Corp.
Daily Finance – Value and growth investors often invoke the “invest in what you know” mantra. It’s a very shortsighted strategy that could put you into absolutely terrible companies, but it certainly has its merits as well. One interesting thing […]
Hedge funds see further profit from Glencore-Xstrata
Reuters – Hedge funds are betting that commodities trader Glencore will succeed in its battle for miner Xstrata, in a long-running deal that has been profitable for arbitrageurs and is still attracting funds looking to make money. Arbs, hungry for […]
Institutional investors turn to hedge fund managers for strategy, macro advice
Pensions & Investments – Hedge fund managers are becoming trusted advisers to their clients, adding the role of portfolio consultant to their investment duties for large and small investors. Institutional investors the world over are looking to the hedge fund industry for […]
Hedge Fund People: Dalia Cohen and Eric Storch Join Oak Hill Advisors
New York (HedgeCo.Net) – Dalia Cohen and Eric Storch have joined $15 billion hedge fund advisory firm Oak Hill Advisors, L.P. (OHA) as Managing Directors. Dalia Cohen joins as Managing Director and Head of Investor Relations. Ms Cohen joins OHA from JLL Partners, where she was head of marketing […]
SS&C GlobeOp Hedge Fund Performance Index for August 2012 measured 0.83%
New York (HedgeCo.net) – SS&C GlobeOp announced that its Performance Index for August measured 0.83%. Year-to-date performance stands at 6.76% (gross). Other highlights include: · Current month, flash estimate 0.83%* · Year-to-date (YTD) performance 6.76%* · Last 12 month (LTM) […]
South African Hedge Fund Rules Proposed by National Treasury
Bloomberg – South Africa’s treasury and the Financial Services Board have proposed hedge fund regulations aimed at protecting investors and promoting financial stability. So-called restricted hedge funds, which are limited to qualified investors, and retail hedge funds “will be subject […]
Rich-Poor Gap Widens to Most Since 1967 as Income Falls
Bloomberg – The U.S. Census Bureau figures released yesterday underscored the struggles of American families in a sputtering economic recovery. The report also showed the income gapbetween rich and poor people grew to the widest in more than 40 years in 2011 as […]
British Ponzi Victim Payouts Lost on Fish, Ferraris
The Guardian – Police searched Kevin Foster’s home in 2004, looking for signs of a criminal lifestyle — fast cars or piles of cash. What they found, at the end of a narrow country lane in rural England, was a private zoo […]
Hedge fund launches fall to six-quarter low
Pensions & Investments – Hedge fund launches in the second quarter declined 19% to 245, the lowest level of quarterly fund creation since the fourth quarter of 2010, according to new data released Thursday by Hedge Fund Research, an index creator and […]