Monthly Archives: November 2005
US pension accounting shift
MSNBC – Proposed changes to pension fund accounting in the US are likely to prompt a shift of investment away from equities and into bonds while speeding the demise of defined-benefit plans,according to investment experts. The accounting changes under consideration […]
Refco highlights Man Group
Pittsburgh Post-Gazette – Stanley Fink has already transformed United Kingdom-based Man Group PLC from a stodgy commodities trader — it once supplied rum rations to the British Navy — into one ofthe world’s biggest hedge-fund companies. Now he is hoping […]
BET Founder Is Moving On To Hedge Fund
Robert L. Johnson, who became a billionaire after selling Black Entertainment Television, is starting a hedge fund venture with Deutsche Bank with the aim of developing the largest money management firm owned by black Americans, he said yesterday. Mr. Johnson, […]
Index for the smart, hedge for the stupid
Financial Standard – Monday, 21 Nov 2005 12:18PM – LA-based investment theory and practice guru Rex Sinquefield entertained, enlightened and provoked the audience at the FPA conference last week when he questioned returns made by hedge funds and called those […]
Are Your Pension Clients Up to the Challenge?
Editor’s Note: Given the importance of pension investors to the hedge fund market, we invite readers to learn more about the challenges faced by fiduciaries. In a newly released article, Dr. Susan M. Mangiero talks about the Six L’s and […]
Flagship hedge fund helps Man reap 59% profit surge
Times Online – MAN GROUP, the world’s biggest hedge fund manager, is sucking in $19 million (£11 million) of new business a day after a sparkling performance from its flagship“black box†hedge fund. London-based Man, which yesterday reported a 59 […]
The Hedge Fund Report: Convertible Overhang
The Street – Hedge funds that practice convertible arbitrage continue to bleed assets and remain one of the poorest performers of any category this year. But here’s a secret, according to a hedge fund manager: Convertible issuance is back. Convertible […]
US Arrests Three In Hedge Fund Case
Washington Post – Frank L. Cowles Jr. is known in the Northern Virginia business community as the owner of car dealerships and a founding director of Virginia Commerce Bank in Arlington. Now, at age 76, he is facing allegations of […]
Icahn may seek Parsons’ Ouster
New York Daily News – Carl Icahn won’t let up on Time Warner boss Dick Parsons. The billionaire investor is fixing for a proxy fight at Time Warner’s next annual meeting and said he might try to boot Parsons. “We […]
Investors advised to stay out of hedge funds
The Times – THE most authoritative academic study into the burgeoning hedge fund industry has advised individual investors to shun them or minimise their exposure. A group of American economists studied the industry, which they say consists of more than […]
Greenback performance stymies best and brightest of hedge fund managers
Globe Investor – Last month, some of the sharpest investors on the planet got it wrong with the U.S. dollar. Macro hedge funds invest in stock, bond, commodity and currency markets by monitoring large economic trends. They showed their worst […]
Pequot hedge fund hires 3 to advance strategies
(Reuters) – Pequot Capital Management Inc., a $7 billion hedge fund group, on Thursday said it hired three former Citadel Investment Group portfolio managers to build out equity trading andevent-driven strategies. Westport, Connecticut-based Pequot said the three fund managers, Peter […]