Monthly Archives: September 2009
Hedge Fund Fees Remain Intact, Report Finds
New York Times – Investors who expected hedge funds to prune fees after a particularly disastrous showing in 2008 may be disappointed by a recent study. The Wall Street Journal reported that a study compiled by the French fund-of-hedge-funds firm […]
Nadel Again Seeks Release From Jail While Awaiting Fraud Trial
Bloomberg – Arthur Nadel, the Florida hedge- fund adviser who has been jailed since January, again asked a judge to release him on reduced bail while he awaits trial. A lawyer for Nadel, a money manager and founder of Scoop […]
J.Baer poised for buys, new targets disappoint
Reuters – Julius Baer would consider buys at home and abroad, the Swiss group, a possible buyer of Dutch rival ING Group NV’s private banking assets, said on Friday, although its shares slid sharply after the release of new financial […]
A lesson from hedge funds
Herald – When you think about future financial stability, ask yourself this contrarian question: Why is it that the nefarious hedge funds, supposedly the bad boys of the financial world, actually came through last year’s crisis in relatively good shape? […]
Hedge Fund Man Research Laboratory Expands At Oxford
New York (HedgeCo.net) – Man Research Laboratory (MRL) and the Oxford-Man Institute of Quantitative Finance (OMI) opened new, larger premises in Jericho, Oxford, on 24 September, demonstrating that the two groups’ unique collaboration is flourishing as it moves into its […]
US tax chiefs target loans from hedge funds offshore
Reuters – U.S. tax authorities have advised staff in New York to pursue legal cases against hedge funds and companies that avoided taxes through loans that originated in the United States but are approved offshore. The Internal Revenue Service, in […]
Prime Brokerage Services Division Launch For Hedge Funds and Investment Advisers
New York (HedgeCo.net) – TradeStation Securities, Inc., has launched the TradeStation Prime Services division to fill the growing need of start-up to mid-sized hedge funds, the company said today. TradeStation Prime Services will be co-headed by Lance Baraker and William […]
Equity Market Neutral Traits That Help Hedge Fund Managers Stand Out
New York (HedgeCo.Net) – Credit Suisse’s Quantitative Equities Group released a new whitepaper, “Equity Market Neutral: Diversifier Across Market Cycles,” outlining the potential benefits of an Equity Market Neutral strategy. The paper details the various types of Equity Market Neutral […]
Griffin’s Citadel Securities to Unveil Credit Team in October
Bloomberg – Citadel Investment Group LLC will formally open its credit business next month as the $13.5 billion hedge fund founded by Ken Griffin expands into the market for leveraged loans and high-yield, high-risk bonds. The new group, part of […]
RAB Gold hedge fund down 18 percent
Reuters – A hedge fund run by RAB Capital that invests in gold has fallen about 17.5 percent since the start of June, the group said, missing a large rise in the gold price because of bad bets. The $35 […]
Harbinger to Acquire SkyTerra, Take It Private
The Washingtom Post – Reston-based satellite firm SkyTerra said Wednesday that it has agreed to be acquired by its biggest shareholder in a roughly $280 million transaction that will return the company to private ownership. Under the deal, New York-based […]
Barclays, GLG Partners, Abu Dhabi among Lehman claimants
Reuters – The list of investors filing billion dollar claims against Lehman Brothers illustrates the global damage caused by its collapse, with companies from the United States, Europe and Abu Dhabi making some of the largest demands. Barclays Bank, Morgan […]