Monthly Archives: September 2009
Agile clients sue over frozen accounts
The Denver Post – The plaintiffs allege Agile inappropriately placed their funds into a high- risk, unsuitable investment called the Agile Safety Variable Fund, which destroyed their retirement nest eggs. The Safety Fund, despite its name, was a leveraged hedge […]
Oil Falls for Second Day on Doubts Over Pace of Demand Recovery
Hedge fund managers and other large speculators increased their net long position in New York crude oil futures in the week to Sept. 8, according to U.S. Commodity Futures Trading Commission data. Speculative long positions, or bets prices will rise, […]
Capital Gold Group Clients Haunted by Lehman Fall 1 Year Later
CNBC – A year after the fall of Lehman Brothers, Capital Gold Group, Inc. is still helping retirees and investors to diversify and protect what is left of their investment funds and retirement portfolios in tangible gold assets. During the […]
Man Investments & Dexion Launch Man AHL Diversity
New York (HedgeCo.net) – Alternative asset manager, Man Investments, and UK hedge fund advisory and marketing firm, Dexion Capital Group, announced the launch of a new UCITS III trend following product, Man AHL Diversity. “Historically, the performance of trend following […]
Obama aims to reinvigorate Wall Street reform
Reuters – Obama’s wide-ranging economic address in New York will also discuss plans to unwind the government’s involvement in the financial sector and call upon Wall Street firms to take responsibility and avoid reckless behavior. He is to speak at […]
Trinity Fund Administration Expands Into Cayman, Hires Ex-Goldman Sachs Fund Specialist
New York (HedgeCo.net) – Hedge fund manager, Trinity Fund Administration has opened an office in the Cayman Islands after receiving a full Fund Administrators license from the Cayman Islands Monetary Authority. Brad Cowdroy has been appointed Head of the new […]
Goldman Hedge Fund Report: More Consolidation Ahead
Seeking Alpha – The one trend market pundits seem to collectively be predicting with ease for the hedge fund industry is so-called consolidation. Which is why a list of the 100 largest U.S. hedge funds, ranked by equity assets, buried […]
A Mideast Fund’s Failing Fortunes
New York Times – Dubai’s once-heralded trophy assets now look more like lead weights, Breakingviews says. Istithmar World, one of the investment vehicles controlled by the emirate, has a portfolio that was estimated to be worth $9 billion last year. […]
Ex-Macquarie Team Starts Helix Quant Global Equities Hedge Fund
Bloomberg – Three former Macquarie Group Ltd. quantitative strategists have started a hedge fund with the backing of Ascalon Capital Managers Ltd. to invest in global equities using computer-trading models. Helix Partners Ltd. will invest using strategies developed by Brandt […]
EU lawmaker says hedge fund rules may be beefed up
Reuters – A draft European Union law to regulate the managers of hedge funds and other alternative investment funds may be strengthened despite fierce opposition from Britain and industry, a senior EU lawmaker said on Friday. The bloc’s governments and […]
D.E. Shaw, Hedge Fund Manager, Gets Permit to Operate in Dubai
Bloomberg – D.E. Shaw & Co., the $29 billion investment firm run by David Shaw, said the Dubai Financial Services Authority granted its Middle East unit a license to operate from the Dubai International Financial Centre. The firm aims to […]
Swedbank Robur Reduces Fund of Hedge Fund Fees
New York (HedgeCo.net) – Scandinavian fund of hedge fund manager, Swedbank Robur announced that it is lowering fees by .2% to .4% on its 5 funds, effective October 1st. “These reductions are in line with our ambition to offer an […]