Monthly Archives: November 2006
Zurich Alternative Asset Management announces management team
HedgeCo.net – NEW YORK, November 8, 2006 – Zurich Alternative Asset Management, LLC (ZAAM) announced today that it has brought together an experienced team of money managers to invest ZurichFinancial Services’ alternative asset class portfolio. New York-based ZAAM, a wholly owned […]
MFA CHAIRMAN AARON ELECTED TO SECOND TERM
HedgeCo.net – WASHINGTON, D.C., November 8, 2006 — On behalf of Managed Funds Association (MFA), John G. Gaine, president, welcomed four new directors to its Board of Directors at its first meeting of the new term, November 1, in New […]
Shinsei Bank picks Riskdata’s FOFiX to underpin investment process
HedgeCo.net – Riskdata announced today that Shinsei Bank has chosen Riskdata’s industry-leading FOFiX risk management solution as part of its core investment process for own-account investments.Shinsei is one of Japan’s most forward-looking financial institutions and it is expected that Riskdata […]
Brencourt hedge fund sues Interstate Bakeries
Reuters – Brencourt Advisors LLC on Tuesday said it sued bankrupt Twinkies maker Interstate Bakeries in Delaware, seeking to force the company to hold an annual shareholders meeting, according to aregulatory filing. Brencourt, a $1.8 billion hedge fund holding some […]
Briefing: Hong Kong won’t ease hedge fund rule
International Herald Tribune – Hong Kong won’t ease hedge fund rule The Hong Kong securities regulator said Tuesday that it had ruled out relaxing restrictions on licensing hedge fund managers, declining to follow Singapore’s lead even as competition to attract […]
LSE profit lifted by electronic trading boom, IPOs
Reuters – London Stock Exchange Group Plc, which has rebuffed a series of takeover offers, posted a sharp rise in first-half operating profit, lifted by new listings and growth in electronic trading. Europe’s largest share market by equity turnover said […]
ECB says large EU banks may have compromised on due diligence over Hedge Funds
Forbes – Some large banks in the European Union may have been forced to compromise on due diligence when dealing with hedge funds because of competitive pressures, said Edgar Meister, chairman of the ECB’s Banking Supervision Committee. ‘It cannot be […]
Hedge Funds in Hollywood
HedgeCo.Net (New York) – Hedge fund money has been flowing into Hollywood as people who have made big fortunes develop an appetite to be in the movie business. The hedge funds have been popping up rapidly, helping to steady studio […]
The case builds against hedge fund activism
Hedge funds increasingly are pressuring executives to either shape things up or ship out, but a new study suggests their demands aren’t doing much to improve the financial health of the companies they target. Researchers at New York University concluded […]
Hedge funds build long and short stakes in Dow Jones
MarketWatch – Hedge funds have mostly stayed away from family-controlled, publicly traded newspaper companies such as Dow Jones & Co. (DJ), but now several such funds have been building stakes in the New York publisher at the same time that […]
‘Global nuclear revival’ sends hedge funds piling into hot uranium
WELLINGTON, N.Z., VANCOUVER — Uranium is the energy investment of choice for a growing number of hedge funds, which say a sixfold gain since 2001 is just the beginning of a rally that will lastyears. “We’re in an historic uranium […]
Investors see value in South East Asian stocks
SINGAPORE (Reuters) – Southeast Asian stock markets have surged to record or multi-year highs in recent days, but investors and strategists expect further gains thanks to lower oil prices, strong regional economies, and healthy cash flows. Rallies in Singapore, Indonesia, […]