Monthly Archives: September 2010
Hedge Funds Turn Gasoline Bears First Time in Four Years: Energy Markets
Bloomberg – Hedge-fund bets against gasoline exceeded wagers that prices will rise for the first time in almost four years as the fuel fell in the final week of the U.S. driving season. Net-short positions held by money managers in […]
UK manager launches Asian fund of hedge funds
Reuters – British fund management firm City Financial said on Monday it has launched an Asian fund of hedge funds in a move designed to tap into the rapid development of the hedge fund industry in the region. The City […]
Goldman Sachs to shut down ‘internal hedge fund’ Principal Strategies Unit to comply with Dodd-Frank Act
Opalesque – Wall Street banking giant Goldman Sachs is reported to be planning to wind down its proprietary trading unit, Principal Strategies, to comply with the new Dodd-Frank Act that bans banks from making bets using their own money, various […]
Julius Baer: Private clients moving out of hedge funds
Reuters – Swiss private bank Julius Baer said private banking clients were still moving money out of hedge funds and private equity even as institutional money returns to the sector. “Clients were more interested in investing in areas such as […]
Credit Suisse: Hedge Funds Down in August
New York (HedgeCo.net) – Hedge funds were negatively impacted by broad market sell-offs in August, although certain sectors showed resilience amid the increased market volatility according to Jordan Drachman, Head of Research for Alternative Beta Strategies at Credit Suisse. “While […]
Frontier Capital hires Global Hedge manager
Fund Strategy – Frontier Capital Management appointed a portfolio manager on its Global Hedge fund and promoted Andrew Cracknell to head of its intermediary business. Alex Gaitan, formerly a senior fund of hedge funds analyst at Redi & Partners, is […]
Taxes drive rising cost of business in China
Opalesque Industry Update – The Chinese government’s renewed efforts to collect taxes has fund managers saying this could lead to rising cost in doing business in the region, particularly for global fund managers running international portfolios for mainland institutions. Many […]
Hedge funds rumoured to be employing freelance strategists on £200k
eFinancial Careers – Investment strategy is crucial to a hedge fund’s success. Having unearthed someone capable of devising a good one, it might therefore seem inevitable that a fund will make them a full time employee. Not always. According to […]
Xstrata walks away from Noranda bid
Globe and Mail – Shares of Noranda Income Fund fell nearly 9 per cent on Thursday after Xstrata Zinc, a division of mining giant Xstrata PLC, officially walked away from its takeover offer for the company. Talks between the two broke off because managers […]
Funds of hedge funds face up to bleak future
Reuters – Many small European funds of hedge funds could close or be forced into a merger or sale as falling asset bases hit a sector whose reputation is already badly damaged in the eyes of investors and hedge funds […]
Och-Ziff’s Fund Assets Rose $200 Million on Investor Deposits in August
Bloomberg – Och-Ziff Capital Management Group LLC, the New York-based hedge-fund firm run by Daniel Och, said assets under management rose by $200 million last month as investors deposited money in its funds. Holdings increased to $26.1 billion as of […]
OGI’s Bedwick Set to Double Macro Fund Assets to $100 Million
Bloomberg – The OGI Global Macro Fund, run by former Lehman Brothers Holdings Inc. proprietary trader Allan Bedwick, is set to double assets to about $100 million this month after outperforming hedge-fund peers globally. With money from overseas institutional investors, […]