Yearly Archives: 2007
Teachers’ Retirement System to invest $1 billion in hedge funds
CHICAGO The state Teachers’ Retirement System plans to invest nearly a (B) billion dollars into hedge funds to help solve its financial problems. That’s according to a report in the Chicago Tribune today.Such an investment is considered a controversial move […]
Jupiter plans hedge fund for Ehrmann
Reuters UK – Jupiter Asset Management is planning to launch a hedge fund for top-performing fund manager Philip Ehrmann and may also launch a “green” hedge fund, the company said on Friday. Ehrmann, who was formerly head of Pacific and […]
Investor demand drives European hedge fund IPOs
Reuters UK – Investors increasingly eager to tap into hedge-fund returns are spurring a flurry of public listings for such generally secretive investment vehicles. Brevan Howard Asset Management, for one, said this week it plans to launch a closed-ended investment […]
Battle over hedge fund regulation heats up
Reuters – The battle over whether more oversight is needed for the $1.5 trillion global hedge fund industry heated up this week as more top officials clashed, underscoring a lack of consensus forradical change. The European Central Bank waded into […]
Albright Jumps Into the Hedge Fund Fray
Black Enterprise – Madeleine Albright, the U.S. Secretary of State under former President Bill Clinton, announced the creation of a new hedge fund carrying her name – Albright Capital Management -and conveniently based in Washington. Ms. Albright will chair the […]
Hedge Funds Flee Tax Haven in Virgin Islands, Hounded by IRS
Bloomberg – At the Deep End Bar, a poolside grill in St. Croix just steps from the Green Cay Marina, a handful of money managers and investors sip Cruzan rum from a local distillery and reach forcomplimentary bug repellent as […]
Derivatives risks loom large for leaders at Davos
DAVOS, Switzerland (Reuters) – The possibility of a major market crisis caused by financial derivatives is replacing the danger of low interest rates driving asset markets to unstable levels as thetop issue on policymakers’ worry list. In a keynote speech […]
Hedge Fund Chiefs, With Cash, Join Political Fray
New York Times – So much so that two large portrait photographs of the senator by Chuck Close grace the hallway of her 1960s-themed penthouse apartment on Sutton Place in Manhattan. “It’s a beautiful picture because Hillary is beautiful,†said […]
The Bank of New York Tops $100 Billion in Hedge Fund Assets
HedgeCo.Net (New York) – The Bank of New York has surpassed the $100 billion mark in hedge fund assets under administration, reflecting rapid growth in the bank’s focus onhedge funds, funds of hedge funds, multi-strategy hedge funds, and European- based […]
SEC Reviews New Hedge Fund Rules
HedgeCo.Net (New York) – The Managed Funds Association, the main lobbying group for hedge funds, has urged regulators to increase the minimum investment for hedge funds asan alternative to tighter oversight. The proposed new rules are now up for review […]
SYZ & CO expands in Asia with the acquisition of Hong Kong based Oria Capital
Swiss banking group SYZ & CO announces today the expansion of its activities in Asia through the acquisition of Oria Capital, a respected Hong Kong based fund of hedge funds management group, which will become part of the Group’s alternative […]
Silver Creek Hedge Fund Hires New Director
HedgeCo.Net (New York) – Silver Creek Capital Management LLC, a leading manager of funds of hedge funds with approximately $6.5 billion in assets under management, todayannounced that Steven H. Bloom, founder and Managing Partner of Sagamore Hill Capital Management LP, […]