Monthly Archives: September 2009
High-Frequency Trading And Mutual Funds
Forbes – Earlier in the decade, the mutual fund world was rocked by a market-timing scandal. Mutual fund companies allowed certain deep-pocketed hedge funds to trade in and out of their portfolios to take advantage of pricing imbalances caused by […]
Cumulus Tops Europe’s Energy Hedge Funds; Sword Shuts
Bloomberg – The Cumulus Energy Fund gained 46 percent this year through July, beating the returns of 10 of its peers after anticipating rainy weather in Scandinavia would increase hydropower supplies and lower prices. The $41 million fund’s appreciation surpassed […]
Author Harry Dent launches an ETF with a twist
Globe and Mail – Harry Dent, a U.S. economist and author known in some circles as the “sage of doom and gloom,” is backing this week’s launch of Dent Tactical ETF – a rare breed among exchange-traded funds. Dent Tactical […]
European ETF assets hits all-time high-BGI
Reuters – European exchange traded fund (ETF) assets hit an all-time high of $192 billion at the end of August, driven by strong demand for emerging market and fixed income ETFs, according to a report from Barclays Global Investors. The […]
Hedge fund investors worried EU plans limit choice
Reuters – Institutional investors said on Thursday that draft European Union rules that could bar non-EU fund managers from marketing their products in the region could limit their investment choices and upset their portfolio balance. U.S. managers “would effectively be […]
British Land sells Broadgate stake to Blackstone
Reuters – British Land has sold a 50 percent stake in City of London office complex Broadgate to Blackstone in a deal crafted to thrust the UK real estate firm to the front of the chase for UK property bargains. […]
UA alters investment strategy
Tuscaloosa News – A committee of University of Alabama trustees voted to pull some investments from stocks, instead buying more stable U.S. and international bonds in an effort to avoid potential drops in the stock market. International bonds will be […]
Fewer hedge funds shut down in second quarter, HFR says
Market Watch – Fewer hedge funds shut down in the second quarter, a sign the $1.4 trillion industry is starting to recover from record losses and liquidations last year. The second quarter saw 292 funds liquidate, a 22% decrease from […]
SEC creates new risk, strategy division
TriCityHerald.com – The Securities and Exchange Commission has merged several offices and functions to create a division of risk, strategy and financial innovation. The new division will be headed by Henry T.C. Hu, a professor of banking and finance law […]
Lloyd’s of London Insurers Punish Hedge Funds After 2008 Losses
Bloomberg – Lloyd’s of London insurers pulled as much as half a billion pounds ($825 million) from hedge funds and private equity after investment returns at the world’s oldest insurance market fell by more than half. Catlin Group Ltd.,Brit Insurance […]
Bankers Open $12 Billion Cayman Island Toxic Assets Hedge Fund
New York (HedgeCo.Net) – A group of 45 bankers have plans to avoid new strict rules on pay and bonuses, making more than £240 million ($400 million) between them, according to TimesOnline. Led by British bankers Michael Keely and Stephen […]