Monthly Archives: November 2007
CARL ICAHN Billionaire’s Hedge Funds Have First Loss
Chicago Tribune – Billionaire Carl Icahn’s activist hedge funds posted their first quarterly decline since they opened three years ago because of volatile markets and losses on stocks including WCI Communities Inc. and Lear Corp. The funds, run by Icahn […]
New Study Explores Impact of Institutional Relationships on Hedge Funds
Forbes -A new research study indicates with empirical data that hedge funds receiving both seeding and operational support from a larger investment organization or service provider tend to outperform the broader hedge fund universe on a risk-adjusted basis. The findings […]
RPX helps funds hedge exposure
MSNBC- More than $250m of derivatives contracts based on Radar Logic’s residential property index (RPX) had traded since its launch in September, the research group said. Property derivatives allow investors to take a view on the health and direction of […]
IBM to buy Cognos for $5 billion
Reuters – IBM said on Monday that it would buy Canadian business intelligence software company Cognos Inc for $5 billion, following a wave of acquisitions in the industry. Investors had expected the deal, which represents a 9.5 percent premium to […]
Hedge funds to get green light in Russia
Gazeta.KZ- Hedge funds for qualified investors could appear in Russia as soon as next year, as the State Duma is due to discuss the second reading of amendments to the bill oninvestment funds shortly, Tatyana Medvedeva, an expert with the […]
Financial News: Hedge Fund Makes $3 Billion From Subprime Bet
CNNMoney.com- A single hedge fund has made a gain of more than $3 billion (EUR2 billion) at the expense of investment banks by betting on the subprime crisis. U.S. hedge fund manager Paulson & Co. has turned an investment of […]
Thames River to launch property hedge fund
Reuters- Investment boutique Thames River Capital said on Friday it will launch a hedge fund investing in real estate stocks and derivatives at the end of this month. The Thames River Longstone fund, a long/short equity fund, will be managed […]
Spanish investors cautious in welcome to hedge funds
Expatica Spain- Rarely has the approval of a financial product in Spain generated such controversy as the decision to allow sales of domestic hedge funds. After lengthy and intense discussion involving politicians, regulators and those working in the financial sector, […]
Gold, Silver Futures Gain on Demand for Inflation Hedge
Bloomberg- Gold and silver rose as the decline in the value of the dollar against the euro boosted the appeal of the precious metals as hedges against inflation. The dollar fell for a third straight day against the euro after […]
Hedge fund start-ups face squeeze from investors
LONDON (Reuters) – Reuters) – Start-up hedge funds face a harder time getting up and running as investors become more demanding and prime brokers squeeze smaller players during the credit crisis. After a golden age when two traders with a […]
AMG buys stake in ValueAct hedge fund
Guardian Unlimited- Affiliated Managers Group, a holding company for money management firms, said on Thursday it paid an undisclosed sum for an equity stake in hedge fund ValueAct Capital. Beverly, Massachusetts-based AMG, which began taking stakes in hedge funds in […]
90% of Hedge Funds Profitable in October
FAIRFIELD, Iowa, November 8, 2007– Hedge funds were up 2.90% in October, adding to their 2.51% gain in September, according to flash estimates from the Barclay Hedge Fund Index . “Global stock markets lead the way in October,” says Sol […]