Yearly Archives: 2008
Man Group funds hit by market turbulence
Reuters UK – British listed hedge fund manager Man Group Plc said on Monday first-half sales rose by about 25 percent to $10 billion, but its shares fell as market turbulence hit its funds under management. Funds under management fell […]
Hedge funds grudgingly to reveal US short positions
Reuters – Hedge fund managers are reluctantly preparing to disclose their short positions to U.S. regulators on Monday, a move set to give a rare public glimpse into their secretive trading strategies two weeks later. For shareholders who have blamed […]
Uncertainty hangs over hedge funds
Denver Post – First, the money rushed into hedge funds. Now, some fear, it could rush out. No one expects a wholesale flight from the nearly $2 trillion world of hedge funds, but even a modest outflow could reverberate through […]
Auction Of Hedge Fund Manager’s Former House Brings To Mind Troubled U.S. Economy
Hartford Courant – Michael Lauer’s estate in the prestigious backcountry neighborhood of this wealthy town looks almost as troubled as the U.S. economy. The grounds are overgrown with waist-high weeds. A pool cover is filled with filthy, stagnant water. Inside, […]
Hedge fund managers optimistic despite gloomy summer
Financial Post – The Canadian hedge fund industry has ballooned in the past few years, with some estimating annual growth at 30%. But there is still plenty of room for more, given that plenty of the strategies, such as risk […]
RMB launches diversified target fund targeting DB and DC schemes
Professional Pensions – RMB Asset Management has launched a diversified target fund in a bid to help schemes manage funding volatility. The asset management firm said the multi-manager RMB Diversified Target Return Fund has exposure to equities, bonds and alternatives […]
Update – Vodia Expands Into Frontier Markets
West Palm Beach (HedgeCo.net) – Reflecting a growth in corporate activities, Vodia Group has rebranded as Finadium. The move was made, the re-named Finadium says, to showcase an ability to develop new ideas and create products and marketing strategies in […]
Icahn Biotech Stakes Rise on Drugmaker Demand as Markets Gyrate
Bloomberg – Carl Icahn, the investor angling to sell a 13 percent stake in Imclone Systems Inc. for more than $800 million, is piling up bets in the biotechnology industry. Icahn and hedge funds he manages have accumulated stakes in […]
Hedge Funds Hoard $600 Billion in Cash
Minyanville.com – While they’re not deviously plotting the demise of the worlds’ most powerful financial institutions, hedge funds are loading up on another popular trade: Cash. According to the Financial Times, Citigroup estimates hedge funds have recently squirreled away as […]
New UK pension scheme rules out hedge funds
Reuters – Britain’s new Personal Accounts scheme, a plan for savers without a company pension, is "highly unlikely" to invest in hedge funds and private equity, said the head of the authority in charge of setting up the scheme. The […]
Fearing financial trouble hedge funds flee Morgan Stanley
Hindu Business Line – Worried that global financial services provider Morgan Stanley may land into financial troubles like Lehman Brothers, several hedge funds fled the bank resulting in a loss of billions of dollars in its prime brokerage business last […]