Yearly Archives: 2007
Founder of Hedge Fund Gave £230m to Charity
Daily Telegraph- The founder of a highly successful City hedge fund has emerged as Britain’s most generous philanthropist. Chris Hohn, who established the Children’s Investment Fund more than five years ago, donated £230 million to the hedge fund’s charitable arm […]
Hedge Funds Could Be Driving Market Rally
CNBC- Jack Ablin, chief investment officer at Harris Private Bank, told CNBC’s “Power Lunch†that hedge funds may be driving today’s marketrally. “We’re getting new money at quarter end, we’re seeing a lot of speculative issues leading the way, particularly […]
AIMA Responds on UK FSA
Hedgeco.net – The Alternative Investment Management Association (AIMA), the leading global hedge fund and alternative investment industry association has welcomed the Financial Services Authority’s (FSA) proposal to allow authorised onshore Funds of Alternative Investment Funds (FAIF’s). AIMA strongly believes that […]
New York Company Launches 5 Funds Of Funds
West Palm Beach (HedgeCo.Net)- New York Life Investment Management announced the creation of the MainStay Retirement Funds. This series will consist of five funds of hedge funds with target retirement dates of 2010, 2020, 2030, 2040 and 2050, respectively. The […]
Hedge Funds Take On Emerging Political Role
The crossroads of high-finance and politics used to exist only at Wall Street and Broadway. Now there’s a newer investment crowd, less buttoned-down and more likely to be found wearing deck shoes in a Greenwich marina than wing tips in […]
Hedge Fund Titans
Todays Zaman- Gottesman, a renowned workaholic, often called each of them over the weekend, but a full staff meeting was unusual. The group buzzed with anticipation about what it might mean. At last, Gottesman, a quietly spoken Israeli-born American, looked […]
A Hamptons for Hedge Funds
The Ledger -WILLIAM E. GRAYSON, the president of EGM Capital, a hedge fund firm in San Francisco, has never set foot on the Cayman Islands, but he knows that sun-baked Caribbean haven quite well. That’s because he set up one […]
M&A-driven hedge funds thrive but see signs of peak
LONDON (Reuters) – Hedge funds that bet on takeover action still hope to squeeze more profits out of the merger and acquisition boom despite signs it may be close to a peak. Fund managers who use what the industry calls […]
GM Selling Allison For $5.6 Billion
Reuters- General Motors Corp. said on Thursday it will sell its Allison Transmission unit for $5.6 billion to private equity firms Carlyle Group and Onex Corp., sending the automaker’s shares to their highest level in 2-1/2 years. GM shares rose […]
China’s Economy Expected To Grow 10.8 Percent in 2007: Central Bank
AFP- Growth in China’s economy is expected to expand at a rapid rate in 2007, with inflation ticking higher to 3.2 percent, state media reported Friday, citing the central bank. The nation’s gross domestic product (GDP) should expand 10.8 percent […]
Don’t Single Out Hedge Funds- Paulson
Business Report- Raising taxes on hedge funds and buyout firms might have “unintended consequences”, warned US treasury secretary Henry Paulson, who said congress should not “single out” firms thatgo public, such as Blackstone Group. Senate legislation would force Blackstone to […]
The Green In Hedge Funds Isn’t All About Money
MarketWatch- The popularity of the environment and all things “green” has not escaped hedge funds: At least three dozen hedge funds are already applying environmental and social screens to the investment process, with more on the way according to industry […]