Yearly Archives: 2007
Bluecrest to shut $500M hedge fund
MarketWatch- One of the U.K.’s largest hedge fund managers has closed a fund with assets of more than $500 million (EUR360 million) as market conditions continue to buffet the sector. BlueCrest Capital Management, with almost $12 billion of assets under […]
‘Merle Hazard’ sings the hedge-fund blues
USA Today- Nashville singer Merle Hazard knows a thing or two about loss  financial loss, that is. Hazard, a down-home country crooner  an “alter ego” of a Music City investment guru with an aptitude for price-earnings ratios, put […]
Biz profs venture into hedge funds
Cape Cod Times- The growing and lightly regulated hedge fund industry is attracting new players  business school professors eager to test their theories in a field known for big risks andoccasionally bigger rewards. Hedge funds are becoming a tempting […]
Banks likely to scoop up smaller hedge funds
Financial News Online US- The hedge fund industry is ripe for consolidation, particularly through acquisitions by larger rivals and financial institutions keen to strengthen or broaden their services, according to a survey. The growth in the number of hedge funds […]
Barclays plans to launch Islamic hedge funds
Reuters- Barclays Capital plans to launch hedge funds that comply with Muslim law, the latest attempt to marry huge demand for Islamic investments with the returns of hedge funds. The bank and its partner, U.S.-based Shariah Capital Inc, on Monday […]
Hedge Fund Compensation Report Shows Increase in Pay For 2008
West Palm Beach (HedgeCo.Net)- The 2008 Hedge Fund Compensation Report was released today by Glocap Search LLC, Institutional Investor News, and Lipper HedgeWorld. The report is an analysis of 2007 compensation paid by U.S. hedge funds including estimates for cash […]
Goldman distressed fund to exceed $1.5 billion
Reuters UK- Even as market turmoil batters its hedge funds and threatens to scuttle buyouts, Goldman Sachs is raising a new fund to exploit distressed-debt bargains, people familiar with the mattersaid. The largest U.S. investment bank has raised more than […]
Goodman Fund of Hedge Funds Reaches Target of 250 Million Euros
West Palm Beach (HedgeCo.Net)- Goodman Property Investors announced that its eurozone fund of hedge funds is on course to reach its equity targets after hitting €250 million ($344.8 million) since launching a year ago. The Goodman Group international property investment […]
A tough game, but we’ll hedge our bets
Irish Independant- Over the next week the credit crunch which has squeezed financial markets around the world may get worse as financial institutions attempt to roll-over or re-finance €82bn in commercial paper. This is a game of pass the parcel […]
Man Investments sees turmoil as opportunity
Reuters- Cash-rich hedge funds are likely to spot investment opportunities in the financial market turmoil which has hit a few of their high-profile rivals, a senior official at Man Investments said on Thursday. “I don’t think this is a hedge […]
Hedge-Fund Billionaires Eyed by Congress for More Medicare Tax
Bloomberg- James Simons, the highest-paid hedge-fund manager in the U.S. last year, could pay enough in Medicare taxes to provide health insurance for about 4,800 senior citizens. Such estimates are being cited by backers of a proposal in the U.S. […]
GA shuts two struggling funds
MSNBC- Global Advisors, a London and New York-based hedge fund manager specialising in commodities, has shut down two of its three funds and is considering a merger after poor performance saw investors lose confidence. GA is shutting its $60m (£29.6m) […]