Monthly Archives: September 2009
Ex-Lehman Trader Bedwick to Manage OGI Global Macro Hedge Fund
Bloomberg – OGI Capital Partners Ltd., a Japanese hedge fund with 3.5 billion yen ($40 million) in assets, plans to almost double in size by starting a global macro hedge fund to be run by Allan Bedwick, a former proprietary […]
HSBC’s Gulliver Says Revenue From Hedge Fund Services May Rise
Bloomberg – Stuart Gulliver, HSBC Holdings Plc’s investment banking chief, said he sees a “significant opportunity” to boost revenue from hedge funds after Lehman Brothers Holdings Inc.’s collapse last year. “We’ve seen a number of hedge funds moving their accounts […]
Suit filed against law firm in Florida fraud case
Forbes – A court-appointed receiver in the case of a Sarasota man accused of bilking investors of up to $350 million is suing the firm that represented the hedge funds for failing to protect investors. A lawsuit filed Monday says […]
Threadneedle to Expand Fund Size as Commodities Rally
Bloomberg – Threadneedle Asset Management Ltd. is seeking to increase its commodity fund to as much as $1 billion in the next two years as the global economic recovery drives a rally in oil, sugar and metals. The London-based hedge […]
Hedge funds bet big on BofA (Reuters via Yahoo! UK & Ireland News)
At least 20 top hedge funds boosted their positions in financial institutions in the latest quarter in a sign that Wall Street is ready to bet on more risky sectors in the hope of longer-term rewards. Read Complete Story
Specialist Alternative Asset Management Firm targeting MENA region gets licence to operate from DIFC
AMEinfo – Gulfmena will introduce its flagship investment strategy through ‘Gulfmena Arab Opportunities Fund’ a macro-directional (market-directional) absolute return public equities fund that will be launched in the last quarter of 2009. The first MENA hedge fund of its kind, […]
Edinburgh Firm Expands Hedge Fund Business
West Palm Beach (HedgeCo.net) – Specialist active equity manager, Martin Currie Investment Management Limited, has expanded its global hedge fund arm with two senior hires, Alastair Barrie and Clayton Cheek. Barrie joins in the newly created role of global head […]
Hedge Fund FII Named to Inc. 500/5000 List
West Palm Beach (HedgeCo.net) – Hedge fund firm, Financial Investments Inc. (FII), is to be recognized as one of the 500/5000 winners to be honored at a special event in Washington in September. The hedge fund will also be featured […]
Hedge funds bet big on BofA
Reuters – At least 20 top hedge funds boosted their positions in financial institutions in the latest quarter in a sign that Wall Street is ready to bet on more risky sectors in the hope of longer-term rewards. The push […]
Ahead of the Bell: SEC, CFTC to ‘harmonize’ rules
MSN – Two agencies with oversight of the financial markets are trying to coordinate their regulations to eliminate differences involving similar types of investments and instruments. The Securities and Exchange Commission, the government’s primary markets watchdog, and the Commodity Futures […]
Smart Money Analysis-Paulson’s AngloGold bet points to inflation
Reuters – Billionaire hedge fund manager John Paulson’s big stake in AngloGold Ashanti is a strand of his heavy exposure to gold and not designed to gain from the slim chance of a merger bid. Before making billions of profits […]
London Mayor to Urge EU to Relax Plan for Hedge-Fund Scrutiny
London officials including Mayor Boris Johnson will today urge the European Parliament to modify proposals to tighten scrutiny of hedge funds and buyout firms, calling the steps “narrowly protectionist.” Bloomberg – The rules under consideration in Brussels would limit the […]