Yearly Archives: 2007
Hedge Funds Driving Bank Stocks Up 50%
New York – Hedge funds have acquired around 7% in Landesbank Berlin, the hedge funds hope to profit following the sales process, as the new majority stakeholder will be obliged to make minority shareholders a buyout offer, a report said. […]
Hedge Fund Citadel Buys Bankrupt Company
New York – Citadel Investment Group has topped Credit Suisse in an auction, agreeing to pay about $180 million for bankrupt ResMAE Mortgage Corp. Citadel, a $13.4 billion Chicago-based hedge fund, said they will allow ResMAE, the bankrupt subprime mortgagelender, to […]
Hedge funds to profit from Landesbank sale
Hedge funds are positioned to profit from the forthcoming sale of Landesbank Berlin regardless of who buys the bank, according to people involved in the auction. Their actions could also reduce the amount of cash that the city of Berlin […]
JPMorgan takes lead in hedge funds
JPMorgan has unseated Goldman Sachs as the world’s largest manager of hedge fund assets, with $34bn under management, according to a new survey. The poll conducted by Absolute Return magazine, an industry publication, said JPMorgan’s hedge fund assets grew almost […]
Industry looks to future at Hedge Funds World Middle East 2007
The hedge fund industry has enjoyed significant success in the Middle East in recent years, buoyed by a huge influx of new capital and the rapid evolution of the region’s financial services infrastructure. Soaring energy prices, development and progressive initiatives […]
Survey Shows US Hedge funds to Hold $1,200 Billion In Assets
New York- The biannual survey of US hedge funds shows that 241 firms, each managing more than $1bn, held a combined total of nearly $1,200bn as of January 1. According to a new survey conducted by Absolute Return magazine, money […]
Markets-Hedge funds get the lighter touch
The President’s Working Group on Financial Markets (PWG) has released a set of principles and guidelines for US regulators in their handling of hedge funds and privateequity organisations. These have moved away from the US norm of tight, formal regulations […]
Mutual Funds Get Busy Signal From Analysts Chasing Hedge Funds
March 5- Steven Roukis, who helps manage $1.7 billion for Matrix Asset Advisors Inc., says he often spent as much as half an hour on the phone with Wall Street analysts five years ago. Today, Matrix handles twice as much […]
Hedge funds are the new activists
Last week was a pretty typical one for corporate activity: an investment bank was subject to a call for break-up; an investment trust escaped an attempt to unseat its board; a media company ditchedits chairman and chief executive. And central […]
Hedge Fund Manager Merger Creates the World’s No 2 Visitor Attraction Company
Some of the biggest brand names in the global theme park market today announced a partnership of two rapidly growing businesses, The TussaudsGroup and Merlin Entertainments Group, making them the world’s secondbiggest attractions operator after Disney.Merlin EntertainmentsGroup is known for […]
High Fees Reduce the Attractiveness of Hedge Funds
A recent study on the effect of the fees that hedge funds charge, “Portfolio Efficiency With Performance Fees,†was conducted by Mark Kritzman, president and chief executive of Windham Capital Management, a Boston-based money management firm. Mr. Kritzman’s article shows […]
Hedge funds more bearish on dollar- stocks-survey
NEW YORK, March 1 (Reuters) – More hedge fund managers are turning bearish on prospects for the U.S. dollar and U.S. equities, and see prices falling for both sectors this month, a survey released onThursday showed. The monthly sentiment survey, […]