Monthly Archives: November 2005
Macro Hedge Funds Had Worst Month of 2005 in October
(Bloomberg) — Hedge funds that chase macroeconomic trends by investing in the stock, bond, currency and commodity markets posted their worst returns of the year in October as managers bet wrongly that the U.S. dollar would drop in value. The […]
Peregrine plans fund of hedge funds
Johannesburg – Peregrine Holdings, the country’s biggest hedge fund manager, and Investment Solutions Holdings plan to jointly create a fund of hedge funds business. The venture, called Caveo Fund Solutions, would manage R250 million, Jonathan Hertz, the managing director of […]
Hedge fund boss defends ‘ethical’ industry
The chief executive of the world’s biggest hedge fund manager yesterday hit back at critics of the industry, claiming investment banks were far more likely to be guilty of sharp practice. His comments came amid increasing concern from regulators that […]
OSC vows to tighten reins on hedge fund industry
Toronto  David Wilson, the new chairman of the Ontario Securities Commission, said yesterday that he will target hedge funds for greater regulation, calling them a “new frontier” for securitiesregulators. In his first major speech since taking over as OSC […]
Icahn seeks some or all Time Warner board seats
(Reuters) – Billionaire investor Carl Icahn said he plans a proxy fight at Time Warner Inc.’s annual meeting next year to replace “some or all” of the directors and to seek the “ouster” of its chiefexecutive, according to a BusinessWeek […]
New service offers seal of approval for hedge funds – Reuters
(Reuters) – Hedge fund investors may find peace of mind in a new service that reviews how managers work and bestows a seal of approval that could prove popular at a time the $1 trillion industrycopes with a string of […]
Company says many Refco clients have stuck with firm – MarketWatch
(Bloomberg) — Man Group Plc, the world’s largest hedge fund company, gained $1 billion of net new investments in the first half and said fees linked to fund returns jumped. The company also raised 125 million pounds ($214 million) in […]
Hedge funds outraged at 50 stg FSA breakfast
(Reuters) – The trillion dollar hedge fund industry was aghast on Monday at having to fork out 50 pounds ($87.06) a head for a buffet breakfast briefing on how to do their job correctly withBritain’s Financial Services Authority. “It’s outrageous,” […]
Massey to Buy Back $500M of Common Shares
CHARLESTON, W.Va. — Massey Energy Co. on Tuesday announced a plan to buy back $500 million worth of its common shares and to conduct a capital restructuring program that will remove another 6.8 million shares from the company’s earnings calculations. […]
CDO equity investors could face costly defaults
(Reuters) – Banks and hedge funds exposed to the riskiest parts of complex credit derivatives could face painful losses in coming months amid rising levels of corporate defaults, analysts say. Billions of dollars in so-called equity tranches of synthetic collateralised […]
The Efficiency Market Hypothesis and Hedge Funds
(Francis Akpata) In 1997, after the devastation of his country’s currency and stock exchange, the Malaysian Prime Minister Mahathir Mohammed described hedge funds as the “highwaymen of the global economyâ€Â. This is because they usually have fewer than 100 investors […]
Hedge Funds Fall in October; Inflation Concerns Upset the Markets
GREENWICH, Conn.–(BUSINESS WIRE)–Nov. 15, 2005–The Van Global Hedge Fund Index (“VGHFI” or the “Index”) lost -1.2% in October while the Van Composite Investable Index (“Investable Index”) fell-0.9%, according to hedge fund index provider Greenwich-VAN Advisors, LLC (VAN). “Hedge funds struggled […]