Yearly Archives: 2007
A Challenging Year For Hedge Funds Ends Well
West Palm Beach (HedgeCo.Net)- The 2007 Credit Suisse/Tremont Index shows that hedge funds have outperformed many major global equity indices for the year while maintaining considerably less volatility. According to Oliver Schupp, President of the Credit Suisse Tremont Index, LLC, the […]
Hedge Funds Sector Positioned To Recover Quickly, F&C Partner Speculates
West Palm Beach (HedgeCo.Net)- Commenting on the subprime crisis, Francois Barthelemy, partner at hedge fund F&C Partners said, “Hedge funds tend to suffer in very volatile environments but well-managed portfolios often recover quickly, once the market has come back to some sort […]
Blow for Virgin’s Northern Rock bid
MSN UK News- Sir Richard Branson’s bid for Northern Rock has taken a blow after the crisis-hit lender placed a rival suitor on an equal footing, it has been reported. A Virgin-led team was the Newcastle-based firm’s preferred bidder, but […]
Key Wall Street Hedgie Unravels
New York Post- One of last year’s best performing hedge funds has hit an epic ice patch, dropping an estimated 22 percent last month after a big bet on copper turned out to be none too shiny. The November returns […]
Drake’s flagship fund runs off course
MSN MoneyCentral- Drake Management, one of the best-performing hedge funds last year, is in crisis talks with investors in its flagship fund following heavy losses from bets against US Treasuries,according to several investors. New York-based Drake, which had $13bn under […]
Alternative Energy Fund Launch by Guinness Atkinson
West Palm Beach (HedgeCo.Net)- Guiness Atkinson Asset Management has launched an alternative energy fund for UK and European investors. The fund is managed by a team of three managers, with Tim Guinness as Lead Manager and Edward Guinness and Matthew […]
Pensions grow wary of hedge funds
Financial News Online US- According to a survey of 100 European pension schemes conducted for Financial News. The Dutch and Swiss dislike hedge funds for their opaqueness, Germans for theirriskiness and the British are cautious on costs. Hedge funds prefer […]
Rangel Tax Measure Aims at Offshore Hedge-Fund Income
Bloomberg- House Ways and Means Committee Chairman Charles Rangel proposed new legislation to curb the reach of the alternative minimum tax and curtail a tax break for hedge funds that defer incomeoffshore. The Bush administration threatened to veto the bill. […]
Judge Tosses Earth Biofuels Chapter 7 Case
Motley Fool- A federal judge dismissed the bankruptcy case of Earth Biofuels Inc., which distributes country music star Willie Nelson’s biodiesel fuel, after the company agreed to an interim restructuring deal put forth by a group of hedge funds. Judge […]
Nagpur-born Vikram Pandit named new Citigroup CEO
DailyIndia.com- Citigroup Inc has named its investment banking head, Vikram Pandit, as the group’s chief executive and acting CEO Win Bischoff as its chairman, disappointing investors who wanted abig-name outsider to overhaul the bank. Citi had been seeking a […]
Hedge Funds Low in November but High Year To Date
West Palm Beach (HedgeCo.Net)- The Greenwich Global Hedge Fund Index is up +10.53% year-to-date despite falling -1.61% in November, and it continues to outpace equities for the month and year. Ben Rossman, Senior Vice President of Greenwich Alternative Investments noted that, “Hedge fund […]
Hedge Funds Experiencing Staff Shortages
West Palm Beach (HedgeCo.Net)- According to a new survey conducted by CPA firm Rothstein Kass, nearly 70% of hedge funds are having difficulty retaining back-office personnel. “Hedge funds have seen tremendous inflows of capital in recent years, a trend that […]