Monthly Archives: September 2009
Dutch pension funds criticise EU hedge fund rules
Reuters UK – The Dutch pension fund sector has joined criticism of a European Union regulatory directive for hedge funds and private equity, saying the new rules may cut investment opportunities and raise costs. The EU’s draft “Alternative Investment Fund […]
Katana’s Hedge Fund Bets on Coal Producers, Asset Managers
Bloomberg – Katana Capital Ltd., manager of Australia’s fifth-best performing hedge fund this year, is betting on coal as growth in China and India fuels energy demand. “Australia is in a lot of respects the Saudi Arabia of the coal […]
Ex-Korea Sovereign Fund CIO Ong Plans Hedge Fund
Bloomberg – Guan Ong, former chief investment officer of South Korea’s sovereign wealth fund, is setting up a hedge fund to trade Asian bonds that he forecasts will benefit from a “period of economic uncertainty.” Blue Rice Investment Management’s BRIM […]
Third Avenue Launches Credit Fund, Hires Blackrock Hedge Fund Specialist
West Palm Beach (HedgeCo.net) – Third Avenue Management LLC, the investment adviser to the Third Avenue Funds has launched the Third Avenue Focused Credit Fund, capitalizing on credit, distressed and value equity investing. “The current market environment provides attractive opportunities […]
Lord Myners warns over EU hedge fund rules
Times Online – Britain is making progress in revising tough EU plans to regulate private equity and hedge funds, the City Minister said on a lobbying visit to Brussels today. Lord Myners claimed that Britain’s view, that proposed limits on […]
MF Global Starts Japan Brokerage to Fill ‘Gap’ as Rivals Exit
Bloomberg – MF Global Ltd., the securities firm spun off from the largest publicly traded hedge-fund manager, is opening a brokerage in Japan to take advantage of a void left by rivals exiting the world’s No. 2 equity market. The […]
Washington State U. endowment fund increases
UWire – The Washington State University Foundation’s Endowment is starting to snap back. Endowment funds like the WSU Foundation’s are essentially a large pool of money, usually donated by alumni, which is placed in an account with a high rate […]
Cayman Islands Current Financial Position – Not Bankrupt
West Palm Beach (HedgeCo.net) – In a statement outlining the Cayman Islands financial position, the Hon. McKeeva Bush, Leader of Government Business/Premier Designate issued a statement regarding recent media coverage suggesting that the Cayman Islands is bankrupt, “We can confirm […]
Forex settlement volumes rise in August – CLS
Reuters – The average number of daily foreign exchange payment instructions rose in August from the previous month, data from FX settlement system CLS Bank showed on Friday. The average volume of payment instructions was 589,446, with an average value […]
Threadneedle Aims for $1 Billion Increase
The New York Times – Threadneedle Asset Management is seeking to increase its commodity fund to as much as $1 billion in the next two years, Bloomberg News reported. The London-based hedge fund, which oversees assets of $79.6 billion, is […]
D.C.’s prestige takes bite out of Big Apple
Washington Times – “New York still has the best connections to the rest of the world,” said Gerald Hanweck, professor of finance at George Mason University. “Wall Street is still there.” And many of the brightest minds on Wall Street […]
Gold toys with $1,000 mark, eyes U.S. jobs report
Reuters – Buying of gold exchange-traded funds picked up, with holdings of the largest, New York’s SPDR Gold Trust, posting its biggest one-day percentage rise since March. That buying underscored a fresh burst of investor interest from those seeking a […]