Yearly Archives: 2007
London Hedge Fund Launch
HedgeCo.Net (New York) – Brevan Howard, the hedge fund manager, is planning to raise up to £1bn through the first hedge fund listed on the main London market, investing the proceeds in the four-year-old manager’s flagship global fund BH has […]
Reuters Becomes AIMA Sponsoring Member
London 11th January 2007, AIMA, the global trade association for hedge funds announces that Reuters has become AIMA’s sixth global sponsoring member. Reuters, including Lipper and Lipper HedgeWorld, will initially join in eight important financial centres; London, New York, Hong […]
City Pensions May Be Put in Hedge Funds
New York Sun – The city comptroller, William Thompson Jr., is in the final stages of studying whether the city’s five pension funds should start investing in hedge funds. The comptroller raised the possibility of the change in investment policy […]
Management buys $9bn Baer boutique
MSN MoneyCentral – Julius Baer has sold its $9bn London fixed-income investment boutique to management, just 18 months after the Swiss bank bought the far larger Global Asset Management from rivalUBS. The newly independent division – rebranded as Augustus Asset […]
New hedge fund float offers coup for London
Times Online -Brevan Howard, the hedge fund manager, is poised to float a new permanent capital vehicle in London, pitting the City against Amsterdam. BH, which manages $11 billion (£5.7 billion), is planning the flotation of a new fund along […]
Man Group funds breach $60bn
Times Online – Man Group said it is managing investment funds worth more than $60 billion (£31 billion), as it prepares to hand control of the group to a new chief. The hedge funds group said a flood of new […]
Hedge Funds in Bidding for Ameriquest
New York Post – J.P. Morgan Securities is shopping Ameriquest, one of the largest sub-prime mortgage lenders in the U.S., to bond hedge funds, sources said. Ameriquest’s bankers have approached several buyers recently, including Ellington Capital Management, a large Old […]
Hedge Fund managers Indicted for Fraud
HedgeCo.Net (New York) – The managers of KL Group in West Palm Beach, Fla. were indicted yesterday, accused of orchestrating an extensive fraud that raised more than $194million from at least 250 investors. KL operated many hedge funds until March […]
DOW Jones 2006 Performance Review
All of the six hedge fund strategies covered by Dow Jones Hedge Fund Indexes posted net-of-fees gains in December contributing to the strong overall performance for 2006. With a net-of-fees return of 1.77%, distressed securities posted the high return in […]
Fairfield Greenwich Group Adds Investment Professional, Doug Reid
HedgeCo.net – January 10, 2007. Fairfield Greenwich Group, a global alternative asset management firm with over USD $11 billion assets under management, today announced that it has added a seniorprofessional to its team at the hedge fund specialist’s New York […]
Reuters, Dow Jones Veteran Joins LIM to Head Global Sales
HedgeCo.net – CHICAGO, January 10, 2006 – Logical Information Machines (LIM), aleading provider of data, analytics, and research to the world’s largestasset managers, banks and energy concerns, today announced that WilliamG. Cassato has joined the firm as Vice President of […]
Hedge Fund Team Goes Mainstream
The hedge fund and mutual fund worlds seem to occupy parallel universes. Hedge funds cater to the wealthy, luxuriate in secrecy and relish risky tactics, such as selling stocks short and employing borrowed money to magnify their bets. Mutual funds […]