Yearly Archives: 2007
Fears over lending to hedge funds sparks probe by US and UK
MSNBC – Concern that booming lending to hedge funds may have led to a relaxation in credit standards has prompted US and European regulators to start the first joint investigation into whether banksand brokers are managing such risks appropriately. The […]
The hedge fund bezzle
BBC Business – It wasn’t a bad year for hedge funds. They rose 13.86% on average in 2006 – almost double what they made the previous year, according to the Credit Suisse/Tremont hedge fundindex. But that performance – which to […]
Hedge Fund Doubles Turnover by $229 Million
HedgeCo.Net (New York) – RAB Capital, the $5 billion hedge fund, doubled its turnover for the year to at least $229 million, while pre-tax profit soared 95% and assets undermanagement went up to $5.18bn. Assets under management as at 31 […]
Hedge fund’s co-founder defends pursuit of ideas
TimesOnline –Paul Marshall, the multimillionaire co-founder of hedge fund Marshall Wace, yesterday defended its controversial methodology, which relies on investment ideas supplied by City stockbrokers. In an interview with The Times, Mr Marshall, who is also a Liberal Democrat donor, […]
Liquidity Continues Flowing Upstream
Sometimes the markets don’t reflect what happened (a.k.a. the fundamentals), but who is buying and selling (a.k.a. supply and demand.) Tuesday’s rising Treasury bond prices and falling yields were more the result of Asian central bank-buying than a weak New […]
Hegde Fund Offers to Buy Out Near-Bankrupt Company
HedgeCo.Net (New York) – The hedge fund Farallon Capital Management, which owns 11% of shares in The Mills Corp., proposed pumping $499 million into the mall developer tohelp ease the company’s heavy debt and avoid putting it up for sale […]
Hedge Fund Defends Winning Strategy
HedgeCo.Net (New York) – Multimillionaire hedge fund co-founder, Paul Marshall, defended his hedge fund Marshal Wace and its controversial strategy, which relies on investment ideas supplied by City stockbrokers, he said in an interview with the Times. Marshal doesn’t believe […]
Chief Exec and Vice President Quit after Hedge Fund Takeover
HedgeCo.Net (New York) – Catalyst Paper Corporation announced that it has accepted the resignations of its two executives Russell J. Horner, president and chief executive officer, and Ralph Leverton, vice-president, finance and chief financial officer. The announcement of the departures […]
Record China stocks rally still not a bubble
SHANGHAI (Reuters) – Chinese taxi drivers trade stocks from their cars via mobile phones, and housewives queue at brokerages with bags of cash. But investors have coined a phrase to describe China stock market’s record-breaking bull run: a “rational bubble”. […]
HedgeOp Compliance Hosts “Excellence in Compliance†Seminar Series
HedgeCo.net — New York, New York– January 16, 2007 – HedgeOp Compliance, LLC, a leading provider of specialized compliance related products and consulting services to the hedge fund community, announced today that it will offer a new complementary educational seminar […]
Credit Suisse/Tremont Hedge Fund Index Is Up 13.86% Year End
The Credit Suisse/Tremont Hedge Fund Index is up 1.83% in December, finishing the year with a total return of 13.86%, according to Oliver Schupp, President of the Credit Suisse TremontIndex, LLC. “A stronger than expected year was experienced as a […]
Parker Global launches investable forex index
HedgeCo.net — STAMFORD, CT, January 16, 2007 * Parker Global Strategies (PGS), who have tracked FX managers since January 1986 in their widely published Parker FX Index, today announced the launchof their first investable foreign exchange index — PGS FX […]