Monthly Archives: November 2007
HedgeOp Enhances ComplianceTrak Web-Based Compliance Tracking
Leading compliance firm also extends Alliance Program to include prime brokers and administrators that want to “white label†this product to help their clients fulfill compliance responsibilities, boost operational productivity, and demonstrate a culture of compliance excellence to investors, auditors […]
Quantitative hedge funds blamed for turmoil
London Stock Exchange- August’s stock market turmoil was the result of de-leverage and re-leverage activity in the quantitative hedge fund sector, it has been suggested. Research conducted by Lehman Brothers Alternative Investment Management (LBAIM) concluded that too many quantitative hedge […]
Ohio universities investing money in hedge funds
Cincinnati Post- Ohio’s universities are increasingly risking surplus money from taxpayers, tuition and other sources in hedge funds, but critics say they’re wary of the unorthodox investmentstrategies used by the unregulated private investment plans. After a 2002 change to state […]
Funds Add Fuel to Airline Deal Talk
Wall Street Journal- U.S. airlines are once again flirting with potential mergers. But this time, hedge funds are providing some of the push. Pardus Capital Management LP, an investor in both Delta Air Lines Inc. and United Airlines parent UAL […]
SEB Acquires Fund of Hedge Funds KAM Group
HedgeCo.Net- In a strategic step to continue to grow in the alternative investments, SEB has reached an agreement to acquire 100% of the shares in London based KAM Group Limited (“Key AssetManagement. Key Asset Management is a leading European fund of […]
Hedge Funds
Wall Street Journal- Hedge funds have become famous for using borrowed money to boost their returns. But the upheaval in credit markets is shedding light on another way they use it: to make themselves look bigger than they really are. […]
The Portus affair: From hedge funds to handcuffs
Morningstar- The latest chapter in the sorry saga of the Portus group of companies was written last week. One of the two co-founders of the disgraced hedge-fund marketing machine was led away from aToronto courtroom in handcuffs to begin serving […]
Hedge Funds Ditch Japan for Asia, Goldman Sachs Says
Bloomberg- Hedge funds are shifting Asian investments out of Japan because of lower returns and poor corporate governance in the region’s biggest economy, said Kathy Matsui, Goldman Sachs Group Inc.chief strategist in Tokyo. Japan’s average return on equity will be […]
Hedge funds try to block Northern Rock fire sale
Times Online- Northern Rock’s two largest shareholders will force the troubled bank to hold an extraordinary general meeting (EGM) next month, in an attempt to halt a fire sale of the company’s assets. RAB Capital and SRM Global, two hedge […]
Citadel still bringing its ‘A’ game
Chicago Tribune- Despite market volatility, Citadel Investment Group LLC has gained 27 percent year to date in what’s shaping up to be the Chicago-based hedge fund’s second straight showing of double-digit returns. In 2006, Citadel topped 30 percent, helped by […]
Goldman Sachs aims to raise $4 bln to $6 bln for new hedge fund
MarketWatch- Goldman Sachs is aiming to raise $4 billion to $6 billion for a new hedge fund as the investment bank tries to rebuild its reputation in the hedge fund business, it has told potential investors according to a story […]
Fund of Hedge Funds Launched
Korea Times- A fund of hedge funds, investing in Korean hedge funds, has been launched for the first time here. Hana Daetoo Securities said Thursday that it has launched the “HFG Korea Fund,” which will invest in good performing and […]