Yearly Archives: 2007
Hedge Funds Inflate December Returns
Seeking Alpha- Hedge funds tend to report better than average returns in December. This isn’t the greatest surprise, since they can earn massive incentive fees (typically 20% of gross profits) based on their year-end performance. As discussed in their paper […]
Hedge funds betting big on US presidential race
AFP- Wealthy hedge fund managers closely guard their investment strategies, but mounting political donations reveal how some “hedgies” are betting in the crowded US presidential race. Hedge funds’ campaign donations have skyrocketed in recent years as trading profits have ballooned […]
GAIM USA 2008 Unites More Influential Asset Allocators and Hedge Fund Managers
New York – November 30, 2007 – Well over 800 senior hedge fund industry professionals are expected to attend GAIM USA, the largest quality gathering of hedge fund industry decision makers anywhere in North America. GAIM USA will run January […]
Systematic Absolute Return AG to Launch Dedicated Environmental Fund
ZURICH, Switzerland – After having researched environmental or “green†investments for the past 12 months, SAR has completed its rigorous due diligence process and has set a January 1st, 2008 launch date for a unique new environmental fund of hedge […]
Hedge Fund to Nominate Four for Brink’s Board
New York Times- Millbrook Capital, the activist hedge fund seeking a breakup or sale of the Brink’s Company, is expected to announce its four nominees today for directors of the security company. The announcement is the next step in Millbrook’s […]
GMN CAPITAL Computer model woes lead to fund
Chicago Tribune- In a sign of continuing woes for hedge funds that use computer models to trade, GMN Capital has decided to close down and will return its investment capital, the fund’s chiefexecutive said. James Claus, who also is a […]
Interior design for hedge funds
FinanceAsia- At the forefront of the nouvelle vague, Hong Kong’s design and build specialists are filling the aesthetic gap when designing work-pads for hedgies. ‘Renting office space’ is high on the to-do list when setting up a hedge fund. However, […]
Painful Times at Two Hedge Fund Bigs
New York Post- A pair of hedge funds that are getting battered by the choppy markets of the past few months are serving as a stark reminder that the pain inflicted on the once white-hot hedge-fundsector isn’t only confined to […]
Citadel boosts E-Trade stake with $2.5 billion investment
Chicago Tribune- Citadel Investment Group is sinking about $2.5 billion into E-Trade Financial Corp., which has been hurt by shaky mortgage investments, largely because it is a fan of the online discount brokerage’s business model. The Chicago-based hedge fund, one […]
Fortress Investment to Start Commodities Hedge Fund
Bloomberg- Fortress Investment Group LLC, the private-equity and hedge-fund manager overseeing $40 billion, plans to start a commodities hedge fund after energy, metals and agriculture prices climbedto records. The Drawbridge Commodities Fund will be managed by William Callanan, according to […]
Time to Hedge Your Home?
Business Week- In the housing market, the bad news just keeps coming. Nov. 27 gave us the latest release of one leading index which shows that home prices are falling at their steepest rate in 21 years. And there may […]
Pequot shuts three small hedge funds, managers out
Reuters- Hedge fund firm Pequot Capital Management, whose flagship fund gained 37 percent this year, will soon shut down three smaller portfolios due to “poor” performance and meager assets, twopeople said on Wednesday. The $7.5 billion hedge fund firm will […]