Yearly Archives: 2007
Investors ready to pay more for safer hedge funds
Reuters- Funds of hedge funds, which promise to spread the risk of investing in these loosely regulated portfolios, may soon find new customers as investors are again ready to pay more for peace ofmind. “Blow-up risks are the biggest worries […]
GCC Economist Urges Consideration Of Asset Based Rather Than Oil Based Economy
West Palm Beach (HedgeCo.Net)- According to Dr Nasser Saidi, Chief Economist of the Dubai International Financial Centre, “Economies of GCC states should now be considered as asset-based ones rather than oil-based.” The ‘Sovereign Reserve Management, Pension and Institutional Funds Congress […]
UBS third quarter loss more than expected
Scotsman- UBS reported a higher-than-expected third-quarter loss after taking hefty writedowns on subprime-related investments but said it expected to turn in a group profit in the last quarter. However, the Swiss bank, which took charges of 4.2 billion francs on […]
Hedge fund group spent $300,000 lobbying
Boston Globe- A trade group representing hedge funds spent $300,000 to lobby the federal government in the first half of 2007 as Congress debated whether to raise taxes on the industry. The Washington-based Managed Funds Association lobbied against congressional efforts […]
Hedge funds too ‘complacent’ over market abuse, warns FSA
The Independent- The Financial Services Authority has hit out at hedge fund managers over their “complacent attitude” towards setting up internal controls to prevent market abuse. The criticisms, which followed a series of visits by the watchdog to several London […]
Fund Of Resources-Hedge Fund Launch
West Palm Beach (HedgeCo.Net)- The Gibraltar based Sirius Investment Management is launching the Sirius Investment Fund II, a natural resource and mining-focused fund of hedge funds, which will be open to new investment on 1 November. It will invest predominantly […]
Blackstone Appoints New Hilton Head
West Palm Beach (HedgeCo.Net)- Hilton Hotels Corporation and Blackstone Group announced the completion of their merger last week and are now expected to name Host chief executive of Hotels & Resorts Inc Christopher Nassetta as president and CEO, according to […]
Fauchier fund of hedge funds to raise extra assets
Reuters UK- The 129 million-pound Absolute Return Trust, a fund of hedge funds run by Fauchier Partners, is considering issuing new shares to raise assets, the latest hedge fund vehicle to tap the market. The investment trust’s move, announced in […]
Brevan Howard’s BH Macro fund raises $131 million
Reuters- BH Macro, a hedge fund managed by Britain’s Brevan Howard Asset Management, said on Wednesday it had raised the equivalent of about $131 million (64 million pounds) through a placing of newshares. The fund, which invests in Brevan Howard’s […]
Uranium Rises for Third Week as Hedge Funds Return to Market
Bloomberg- Uranium rose for a third consecutive week as speculators rekindled their interest in the raw material in nuclear reactor fuel, said TradeTech LLC, a publisher of price assessments. The metallic element for immediate delivery rose $4, or 5 percent, […]
Cartesian bemoans long bias in hedge funds –
Hedge Funds Review Magazine- Investors are being unsuspectingly exposed to long-bias portfolios or high-beta strategies, according to the managers at Cartesian Capital, the Edinburgh-based investment boutique. They believe many managers simply use index futures as the ‘short’ element of their […]
2008 Best Hedge Funds Nominations Now Open
West Palm Beach (HedgeCo.Net)- Quantum Market Research is seeking nominations for the first annual “2008 Best Hedge Funds to Work For Award.” Deadline for nominations is November 15, 2007. Honoredfirms will be profiled in a report published January 2008. Hedge […]