Monthly Archives: June 2008
Investors punish US hedge funds for poor returns
Reuters- Investors pulled a net $5.9 billion out of U.S. hedge funds in April, marking the industry’s biggest outflow in 6-1/2 years as they punished managers for their worst-ever returns at the start of 2008. According to new data released […]
Race-Horse Hedge Funds Go to the Races
New York Times Blogs- Big Brown may have failed to complete his Triple Crown sweep on Saturday — indeed, he came in dead last. But hasn’t slowed down what appears to be a burgeoning new sector: the race-horse hedge funds. […]
Hedge-fund scammer a suicide? Victims doubt it
Philadelphia Daily News- A hedge-fund swindler who was supposed to be driving himself to prison abandoned his car on a bridge with the phrase "Suicide is Painless" scrawled on its hood, but no body has been found in the river […]
TriAlpha launches global fund of property hedge funds
HedgeWeek – TriAlpha, the asset management arm of the Stonehage Group, an international wealth management group, has launched the TriAlpha Global Property Strategy Fund, a fund of property hedge funds. The fund seeks absolute returns by focusing on hedge fund […]
FSA puts pressure on top five banks to support Bradford & Bingley
Times Online- The Financial Services Authority took the unprecedented step of pressuring Britain’s five biggest banks into supporting the revised rescue capital-raising at Bradford & Bingley last week, The Times has learnt. HSBC, Royal Bank of Scotland, Barclays, Lloyds TSB […]
Hedge Funds May Be Forced to Sell Bonds, Debt Assets, ECB Says
Bloomberg- Hedge funds may be forced to sell bonds and asset-backed debt amid tighter lending standards and poor returns, the European Central Bank said in its six-monthly Financial Stability Review. Volatile financial markets, investor redemptions and difficulties meeting margin calls […]
CSX and Hedge Funds Warm Up Before Proxy Battle
New York (HedgeCo.Net) – CSX and dissident shareholders sounded off yesterday, as they shared their cases to an advisory firm and outlined their differing plans for the railroad operator’s future. With a proxy fight in the future, TCI and 3G […]
Buffett bets on the S&P 500 to beat a fund-of-hedge-funds
Los Angeles Times – The hedge fund industry can only exist because investors believe their fund managers will deliver above-average returns over time, despite the portfolios’ hefty fees. Master investor Warren Buffett, who has long derided those fees, now has […]
Hedge fund managers shy away from signing compliance code
The Independent – Hedge funds have given a voluntary code for the industry a collective thumbs-down – not a single firm has signed up to the compliance standards since they were launched in January. Nearly five months ago the Hedge […]
Hedge fund assets jump to $2,900bn
Financial Times – Hedge funds have more than $2,900bn under management, according to a survey of valuers of their assets, sharply up on last year in spite of the credit crunch and a series of high-profile problems in the industry. […]
Abu Dhabi fund shifts from hedge to index-report
DUBAI (Reuters) – Abu Dhabi Investment Authority (ADIA), the world’s largest sovereign wealth fund, which bought into Citigroup will slash its hedge fund investments and increase holdings in index funds, according to a report. ADIA increasingly favours passive investments such […]