Yearly Archives: 2007
STOXX LAUNCHES NEXT GENERATION OF GROWTH
ZURICH (June 4, 2007)â€â€STOXX Ltd., the leading European index provider, today launched the Dow Jones STOXX Strong Style index series, designed to accurately represent the performance of the most style pure companies in Europe and the Euro-zone. This blue-chip index […]
Waves of Change Hit Shores of Offshore “Tax Havensâ€
Many fund managers establish investment funds in offshore “tax haven†jurisdictions to satisfy the tax efficiency requirements of their tax-exempt investors (i.e., non-profit entities such as foundations and pension funds). The use of offshore jurisdictions for the purpose of tax […]
Erste Launches Asia Focused Fund of Funds
This month Erste Bank Alternative Investments further added to its MAX suite of emerging markets funds of hedge funds, with the launch of MAX Asia. A carve out of the global MAX Emerging Markets Alpha Fund, MAX Asia gives investors […]
Hedge Fund Platform Wins Laureate Awad
Hedge fund platform, Logical Information Machines Inc.(LIM) has been recognized as a Laureate by the Computerworld Honors Program for Case Study Historis. This year’s Honorees will be commemorated this evening at the 19th Annual Laureates Medal Ceremony & Gala Awards […]
Tycoon Launches Private Russian Fund
HedgeCo.Net- Russia’s tycoon Mikhail Prokhorov announced the creation of a new private investment fund based on his assets, the ONEXIM Group. The worth of new undertaking exceeds $17 billion, and a stake of 22-percent in GMK Norilsk Nickel is its […]
Germany Sees No Quick Fix to Hedge Fund Oversight
Reuters- German Finance Minister Peer Steinbrueck reiterated his wish to see greater oversight of the hedge fund industry ahead of a key summit, but said he did not expect consensus on the matter tobe reached quickly. As leaders of the […]
Hedge funds draw in the profits for Brait
Reuters- South African investment bank and private equity group Brait increased full-year earnings by 10 percent, helped by a solid performance from the firm’s specialised funds unit, the company said on Monday. Brait, one of the biggest private equity players […]
Institutions Seen Investing $85 Bln In Hedge Funds
Reuters- Institutional investors are set to invest $85 billion into hedge funds and funds of hedge funds over the next 12-18 months, according to research firm Private Equity Intelligence (Preqin). In a note on Friday, Preqin said while high net […]
Creidian Buyout By Activist Firms
Private activist buyout firm, Thomas H. Lee Partners L.P. (THL) and Insurance company, Fidelity National Financial, Inc. (FNF) announced that they have entered into a merger agreement under which Ceridian Corp. will be jointly acquired in an all cash transaction […]
Hedge Funds: With More Money Comes More Post-Nups
New York Times- Post-nuptial agreements, once a novelty, are becoming increasingly more popular- and in some cases mandatory- in the world of hedge funds. The Financial Times reports that the post-nuptial agreement, where the married parties sign on the dotted […]
Hedge Funds Get Big Changes at Motorola, Ceridian
StockHouse- Two major companies currently under pressure from activist hedge fund managers made major announcements on Wednesday of events aimed at enriching their investors. Motorola, which has been fielding demands from billionaire Carl Icahn, announced it would lay off 4,000 […]
Trian, Peltz’s Activist Hedge-Fund Group, to Raise $2 Billion
Bloomberg- Nelson Peltz, the billionaire investor known for pressing companies to take steps to increase their stock prices, is raising $2 billion for his hedge-fund group Trian Fund Management LP. Trian set up a pair of new partnerships last month, […]