Monthly Archives: November 2007
Interior design for hedge funds
FinanceAsia- At the forefront of the nouvelle vague, Hong Kong’s design and build specialists are filling the aesthetic gap when designing work-pads for hedgies. ‘Renting office space’ is high on the to-do list when setting up a hedge fund. However, […]
Painful Times at Two Hedge Fund Bigs
New York Post- A pair of hedge funds that are getting battered by the choppy markets of the past few months are serving as a stark reminder that the pain inflicted on the once white-hot hedge-fundsector isn’t only confined to […]
Citadel boosts E-Trade stake with $2.5 billion investment
Chicago Tribune- Citadel Investment Group is sinking about $2.5 billion into E-Trade Financial Corp., which has been hurt by shaky mortgage investments, largely because it is a fan of the online discount brokerage’s business model. The Chicago-based hedge fund, one […]
Fortress Investment to Start Commodities Hedge Fund
Bloomberg- Fortress Investment Group LLC, the private-equity and hedge-fund manager overseeing $40 billion, plans to start a commodities hedge fund after energy, metals and agriculture prices climbedto records. The Drawbridge Commodities Fund will be managed by William Callanan, according to […]
Time to Hedge Your Home?
Business Week- In the housing market, the bad news just keeps coming. Nov. 27 gave us the latest release of one leading index which shows that home prices are falling at their steepest rate in 21 years. And there may […]
Pequot shuts three small hedge funds, managers out
Reuters- Hedge fund firm Pequot Capital Management, whose flagship fund gained 37 percent this year, will soon shut down three smaller portfolios due to “poor” performance and meager assets, twopeople said on Wednesday. The $7.5 billion hedge fund firm will […]
Buyout Firms, Hedge Funds See Year-Long Credit Slump
Bloomberg- The worldwide slump in credit markets is likely to last for at least another year, triggering a reduction in leveraged buyouts, according to a survey of banks, private-equity managers andhedge funds in Europe. Borrowing will be constrained as investors […]
Activist hedge fund returns hit hard as deals collapse
Financial Times- Hedge funds aiming to profit from activism and corporate events have been hit hard this month as a raft of deals fell through and markets plummeted. The so-called event-driven sector, which includes many of the best-known activist hedge […]
Hedge fund takes biggest stake in Northern Rock
Guardian Unlimited- A hedge fund controlled by Jon Wood, the former star trader at investment bank UBS, has become the biggest shareholder in Northern Rock. The fund raised its stake to 8.5%, itemerged yesterday, indicating Wood’s determination to play a […]
Abu Dhabi deal highlights power of sovereign funds
Boston Globe- The decision by the world’s largest sovereign wealth fund to invest billions in struggling Citigrouphas highlighted the growing economic power of Arab Gulf states, awash with money because of high oil prices. US officials have voiced concerns about […]
HSBC’s Hedge Funds Make Their Way Down Under
FinAlternatives- HSBC it taking its alternative investment products to the Outback. The firm has launched HSBC Alternative Investments in Australia to distribute funds of hedge funds to local investors. HAIL Australia will target institutional investors as well as asset consultants […]
Eze Castle Integration Introduces Eze Managed Suites for Hedge Funds
Forbes- Eze Castle Integration, Inc., a leading provider of technology and IT services to hedge funds and investment firms, today announced its Eze Managed Suites in New York City. Located inMidtown, Eze Castle’s fully managed suites bundle hedge fund-specific technology […]