Yearly Archives: 2008
CESR refrains from imposing controls on hedge funds for now
Thomson Financial- The committee of European securities’ regulators (CESR) will refrain for now from imposing law-like controls on hedge funds after 13 big European funds have presented a voluntary codex of behaviour, president Eddy Wymeersch told Financial Times Deutschland. ‘From […]
Toscafund ups Aberdeen stake
Reuters) – Activist hedge fund Toscafund has raised its stake in Aberdeen Asset Management by around another 50 million pounds to more than 25 percent, continuing its rapid stake-building of recent months. Toscafund, which is run by Martin Hughes, increased […]
Sands Brothers starts asset-backed lending fund
Greenwich Time – A Greenwich-based investment management and advisory firm has launched a new hedge fund geared toward lending capital to underserved and niche businesses. Sands Brothers Asset Management, with offices on Valley Drive in Greenwich, recently unveiled their Genesis […]
Value Partners Says Smaller Hedge Funds Risk Being Taken Over
Bloomberg – Value Partners Group Ltd., Asia’s second-largest hedge fund manager by assets, said worsening returns in the industry may lead to bigger firms taking over smaller rivals. “I think the industry may go through certain consolidation,” said Chief Executive […]
Taiwan: Hedge funds are welcome
BusinessWeek- Lee Shyan-Yuan, one of several commissioners at Taiwan’s Financial Supervisory Commission (FSC), believes attracting hedge funds to the market would be a smart move. He is courting hedge funds to invest in Taiwan and raise money from investors in […]
RockPort closes $450m cleantech fund
Altassets – Cleantech-focused venture capital firm RockPort Capital Partners has closed its third fund, RockPort Capital Partners III, on over $450m, the hard cap of the fund. It had an initial target of $400m and held a first closing just […]
Ex-Morgan Stanley Japan experts launch hedge fund
Asian Investor – The Shaka Japan fund has been launched in New York by hedge fund manager Shaka Capital Management. It is a new start-up, launched in January of this year with partners’ capital, and has an estimated capacity of […]
Larch Lane and AIG Create Hedge Fund Seeding Deal
West Palm Beach (HedgeCo.Net)- Hedge Fund Investor AIG and Advisor Larch Lane have announced the formation of a joint venture to make seed investments in hedge funds. The joint venture seeks to capitalize on synergies between AIG Investments’ global alternative […]
Drake to shut down two remaining hedge funds
New York (HedgeCo.Net) – Drake Management will shut down its two remaining hedge funds one month after winding down the $2.5 billion Global Opportunities Fund. The $1.4 billion Absolute Return Fund and the $160 million Low Volatility Fund will follow […]
Harcourt launches Belmont (Lux) Global Emerging Markets
Zurich – Harcourt Investment Consulting AG (Harcourt) is pleased to announce the launch of Belmont (Lux) Global Emerging Markets, a multi-strategy fund of hedge funds dedicated to harnessing the unique opportunities presented by hedge funds focussed on emerging markets. Through […]