Monthly Archives: September 2007
JPMorgan hedge fund unit turns to outsourcing
Stamford Advocate – JPMorgan’s hedge fund services unit in Greenwich is positioning itself for further growth with the advent of new technology that enables funds of hedge funds to outsource middle-office functions, such as administration and custody services. The unit […]
India-focused hedge funds fare better
Economic Times- Indian stocks have emerged as the most attractive bet for hedge funds, the fall guys during the recent subprime crisis, with returns better than that of the Sensex. According to a study of over 7,000 hedge funds across […]
Ethical Fund Launch
West Palm Beach (HedgeCo.Net)- AEGON Asset Management has announced the coming launch of the UK’s first Ethical Cautious Managed fund to the retail market on 1 March 2007. The Ethical Cautious Managed fund marks another first for AEGON Asset Management, […]
Long-Shorts That Dodged The Blows
BusinessWeek – At first glance, long-short mutual funds seem like a good idea. They mimic various hedge fund strategies, aiming to rise when stocks fallâ€â€or at the very least, to lose much less ground. The reality has been a little […]
Hedge funds cash in on Rock’s demise
BBC News- The upmarket district in the West End of London is home to many of the financial speculators who have made a mint out of the mortgage bank’s woes. Hedge funds – as well as traders in some of […]
Yam `Not Happy’ With Transparency of Hedge Funds
Bloomberg- Hong Kong Monetary Authority Chairman Joseph Yam said he’s displeased with the low level of disclosure by hedge funds compared with other investors. “I have not been happy with the asymmetry in transparency,” Yam said after a speech at […]
Babylon Admitted To Participate in Iraqi Central Bank T-Bill Auction
West Palm Beach (HedgeCo.Net)- Iraqi hedge fund `The Babylon Fund´ announced that today, as the first foreigners, they were admitted by the Iraqi Central Bank to participate in the primary auction of Iraqi-dinar denominated 6 month and 12 month […]
Amanda Invests $7 Million In Finnish Fund
West Palm Beach (HedgeCo.Net)- Hedge Fund Amanda Capital Plc announced today in a press release that they have invested five million euros ($7 million) in a Finnish private equity fund, the MB Equity Fund IV. Equity Fund IV will continue […]
Hedge funds run by computers lose money in August
Reuters- Hedge fund portfolios run by computers are supposed to deliver better results than those managed by humans, but that didn’t happen last month when both types of funds lost money, managerssaid and new data show. Many hedge fund managers […]
Bear Stearns CFO says hedged credit hedge funds
Reuters.uk- Bear Stearns Cos Inc (BSC.N: Quote, Profile , Research) has hedged its remaining assets in high-grade structured credit hedgefunds, the investment bank’s chief financial officer said on Thursday. Sam Molinaro also told analysts on a conference call that Bear had […]
Telefonica Beats Hedge Funds With Growth-Payout Combo
Bloomberg- Cesar Alierta, head of former Spanish telephone monopoly Telefonica SA, delivered higher returns in the past year than Mohamed El-Erian did managing Harvard University’s endowment. Nowhe’s shifting his strategy to keep the price rising. Alierta may set plans to […]
Corporate Express hit by hedge fund rumours
DutchNews.nl- Corporate Express, the Almere-based office supplies group formerly known as Buhrmann, is the next Dutch company to be targeted by activist shareholders, news agency Reuters said on Thursday. Reuters said that UK hedge fund Centaurus, with a 5% stake, […]