Monthly Archives: September 2011
Emirates NBD Asset Management relaunches Islamic hedge fund
CPI Financial – Emirates NBD Asset Management joins forces with Man to give a four year old Islamic hedge fund another go. $20 million fund of funds hoping to reach $100 million in size within a year. Emirates NBD Asset […]
Jobs in GLG funds look insecure
eFinancial Careers – This hasn’t really to plan; Man Group bought GLG Partners last year to diversify its revenue streams and reduce its reliance on its flagship AHL fund, but it’s the new acquisition that’s leaking assets. There’s reason to […]
Hedge funds appeal “gross injustice” of WaMu ruling
Reuters) – Four hedge funds appealed on Tuesday a ruling in the Washington Mutual Inc bankruptcy that found viable claims they had engaged in insider trading, an opinion one fund called a “gross injustice.” The hedge funds sought an expedited […]
BNY Mellon’s Karen Peetz Named “Most Powerful Woman in Banking” by American Banker Magazine
BNY Mellon Vice Chairman Karen Peetz has been named the “Most Powerful Woman in Banking” by American Banker magazine as part of its annual ranking of women in banking and finance. The rankings are based on the financial performance of […]
Family office aligns with hedge fund
Financial Standard – Hedge fund, Signature Capital Investments, has partnered up with a Sydney-based family office. The strategic alliance between Signature Capital Investments (SGI) and with AR Management (ARM) was made official on September 26. ARM is the management and […]
Study finds that smaller hedge funds outperform their larger peers
Opalesque – Small hedge funds outperform mid-size and large funds, and young funds outperform older ones, according to PerTrac’s latest report “Impact of Fund Size and Age on Hedge Fund Performance,” which found that funds with less than $100m in […]
Top hedge fund mixes Ayn Rand, behavioral psych
MarketWatch – Ayn Rand, high priestess of capitalism, reincarnated in an American hedge fund? Deep in the collective conscience of the world’s leading hedge fund, the $122 billion Bridgewater? Yes, Rand’s spirit is alive, in the vision of the iconic […]
Merkin funds win dismissal of Madoff lawsuits
Chicago Tribune – Three hedge funds run by New York financier and philanthropist Ezra Merkin won dismissal of civil lawsuits accusing them of being part of swindler Bernard Madoff’s massive fraud. In an order dated Friday and made public on […]
Asia hedge fund recovery set to stall as market slide bites
Reuters – Asia’s hedge funds industry is seen struggling to regain its pre-crisis size any time soon as the recent global market slump threatens to deter investors from making fresh allocations to them and delay new product launches. That is […]
Hedge funds seen sticking with gold despite sell-off
The Economic Times – The recent sell-off in gold may not be enough to make some hedge funds with long-term bull positions change their views that the metal is still one of the best bets for profit in a perilous […]
Hedge Fund Mergers And Acquisitions: Carlyle Group Acquires ITRS Group
New York (HedgeCo.net) – $153 billion hedge fund manager the Carlyle Group has acquired the financial monitoring systems group ITRS. “We are very excited about the prospect of working with Carlyle to support Kevin and his management team in growing the […]
ALTSO’s Annual Hedge Fund Charity Rocktoberfest
New York (HedgeCo.net) – The Eighth Annual Hedge Fund Rocktoberfest, the cornerstone fundraiser for children’s charity A Leg To Stand On (“ALTSO”), is taking place on Thursday, October 13 at 583 Park Avenue in New York City. Hedge fund managers […]