Monthly Archives: November 2005
ECB says hedge funds may pose some risks to EU banks
FRANKFURT (AFX) – The expansion of the hedge fund industry may pose some risks to EU banks, even if their direct exposure to hedge funds is fairly limited, the European Central Bank said in a report. EU banks’ direct exposure […]
Hedge fund activist turns up heat
(Chicago Tribune) – NEW YORK — There is little doubt that the increasingly opulent hedge fund community–if there is one–is proud of William Ackman’s charge on McDonald’s Corp. That an aggressive hedge fund manager like Ackman, general partner of New […]
Rogue investors on Big Mac attack
(Toronto Star) McDonald’s Corp., world’s largest fast-food chain, has been turning cartwheels to please investors. But to little avail. It’s one of many blue-chip firms in the United States and Canada coping with a speculative assault that in some ways […]
Commodity Futures Interest Rising In Australia
SYDNEY (Dow Jones)–Slow on the uptake, Australian investors are starting to warm to commodities in a sign the likes of metals, crops and energy are becoming a mainstream asset class. Fund managers in the country report an uptick in interest […]
Hedge Funds Work for Yale, but Will They Work for You?
(New York Times) DEEP-POCKETED investors have done famously well by depositing some of their surplus millions in hedge funds. The Yale University endowment, for example, has relied heavily on hedgefunds over the last two decades to earn annual returns of […]
Pension Officers Putting Billions Into Hedge Funds
(New York Times) Faced with growing numbers of retirees, pension plans are pouring billions into hedge funds, the secretive and lightly regulated investment partnerships that once managed money only for wealthy investors. The plans and other large institutions are expected […]
Hedge Funds Buy Copper on Speculation China Needs to Cover Bets
(Bloomberg) Hedge-funds including Winton Capital Management are buying copper on speculation China will purchase the metal to cover wrong-way bets by a government trader. Speculators helped send prices to a record high this month, saying China may need to buy […]
Morgan Stanley offered to buy $5 bln hedge fund-report
PHILADELPHIA, Nov 24 (Reuters) – Morgan Stanley (MWD.N: Quote, Profile, Research) recently offered to buy $5 billion hedge fund FrontPoint Partners, but a deal never materialized because the two parties couldn’t agree on a price, The New York Times reported […]
Shareholders take on role of activists
Major shareholders are increasingly turning into activists, putting pressure on executives in almost every industry to step up their performance at the risk of losing their jobs — or theircompanies. Some of the activism, often by hedge funds, is pushing […]
Basel bank chief urges more hedge fund transparency
(Reuters) – The world’s leading banking regulator called for more transparency in hedge funds, saying banks needed to control just how much potential risk they faced when dealing with thecontroversial industry. Jaime Caruana, Chairman of the Basel Committee on Banking […]
Hedge fund sector helps Cayman’s children
Cayman’s hedge fund community rallied together this month in support of a new Cayman charity formed to eradicate and assist the victims of child abuse. At a benefit dinner held on 3 November at the Grand Old House, a net […]
Could hedge funds hurt the U.S.?
(CNNMoney.com) – Do hedge funds harm or help the economy? That question was raised recently not by concerned regulators or central bankers but by one of the most famously successful hedge fund managers in the world. Speaking at a forum […]