Monthly Archives: September 2009
Long-bias funds lead hedge funds higher in Aug-Lipper
Reuters – Global hedge funds continued their winning streak in August, with all hedge fund strategies except dedicated short-bias ending the month in positive territory, fund tracker Lipper said on Friday. Lipper, a unit of Thomson Reuters, said funds with […]
Carlyle raising $3 billion Asia buyout fund
Reuters – The Carlyle Group is raising a new Asia buyout fund with a target size of up to $3 billion (1.8 billion pounds) as the U.S. private equity giant aims to tap more deals in Asia, two fund industry […]
Palladio Alternative Research goes live
New York (HedgeCo.net) – Swiss-based Palladio Alternative Research Group has started operations in August 2009 via its first Geneva-based subsidiary. Designed to provide outsourcing solutions for hedge fund research and due diligence, Palladio Alternative Research Group will be headed by […]
Majedie hedge fund manager sells out of cyclicals
Reuters – Read Complete Article – Majedie hedge fund manager Matthew Smith has rotated his portfolio out of cyclical stocks and into value stocks with high yields, in another sign hedge funds think equities are susceptible to a pullback. Smith, […]
Man Group Launches Onshore Version Of Giant Hedge Fund
Dow Jones – Man Group PLC said Thursday it is launching an onshore version of its AHL product, one of the largest single hedge funds with some $20 billion assets under management, in a further sign of the company’s confidence […]
Hedge Fund Settles Madoff Suit
News Inferno – One hedge fund has agreed to reimburse its investors who were swindled in the historic Ponzi scheme orchestrated by the disgraced, now jailed, financier, Bernard Madoff. The hedge fund—Fairfield Greenwich Advisors—apparently moved money to Madoff, said Boston.com, […]
Harvard Investments Lose 27.3%, Less Than Forecast
Bloomberg – Harvard University, the wealthiest U.S. school, said its investments fell 27.3 percent in the past year, a $10.1 billion loss that was smaller than President Drew Faust’s forecast in December before markets started to recover. The endowment declined […]
Canadians moving back into hedge funds: AIMA
Reuters – Canadian hedge funds will emerge stronger from the global economic crisis, driven by domestic expertise in key industries like resources and energy, and as the asset class recovers internationally, a chief industry source told Reuters on Thursday. Gary […]
Australia Hedge Funds Return 3.2% in August, 6th Straight Gain
Bloomberg – Australian hedge funds returned an average 3.2 percent in August, the sixth straight monthly advance, as equities managers continued to profit from the global stock market rally. The Australian Fund Monitors Index, which tracks more than 200 hedge […]
Cayman Hedge Fund Results Up For US Equity Market Neutral Fund
New York (HedgeCo.net) – Global Hedge Fund Group said that their flagship fund, the US Equity Market Neutral Fund showed annual returns of between 22-45%, accompanied with a volatility of 8-12% per annum. The fund commenced trading on 20 August […]
Madoff recorded coaching witness to outsmart SEC
Yahoo News – Madoff dismissed an SEC investigation as a “fishing expedition” and highlighted how investigators develop cozy relationships with firms they are supposed to regulate. “The guys … ask a zillion different questions and we look at them sometimes […]