Yearly Archives: 2008
Public Pension Fund Hoping to Up Hedge Fund Stake
New York (HedgeCo.Net) – At a time when most investors are becoming increasingly weary of high risk hedge funds, public pension funds are upping their stake, hoping to make up for recent lackluster performances. New York State has a cap […]
Who Charges More – Mutual Funds or Hedge Funds?
Seeking Alpha – Pop Quiz: Which are more expensive, hedge funds or mutual funds? Sounds like a pretty dumb question, right? Well as regular readers will know, this question is actually central to our views here at AAA. Over two […]
Is UBS Calling the End of Universal Banks?
The Money Times – Last year, I read an article in which David Herro outlined his rationale for owning shares of UBS in his Oakmark International fund. He focused on the value of its wealth management unit, which delivers stable […]
Barclay Managed Funds Report Now Available
West Palm Beach (HedgeCo.net) – Research and Markets has announced the addition of the "The Barclay Managed Funds Report" subscription to their offering. Published quarterly, for the last 17 years, the Barclay Managed Funds Report provides industry professionals with information […]
Comedic relief with hedge fund humour
Globe and Mail – Hedge-fund manager Ben Shoval, wearing a green Thomas Pink shirt and a $1,600 Giorgio Armani suit, grabbed the microphone last week at New York’s Broadway Comedy Club to riff on his day job. The 31-year-old hedge […]
Pickens’ hedge fund loses value
Reuters – The commodity half of oil tycoon T. Boone Pickens’s BP Capital hedge fund lost 35 percent of its value in July, the New York Post said, citing sources. The fund is believed to be down about 10 percent […]
Index eyes bargains in biotech
Reuters UK – Bombed-out valuations present an unprecedented buying opportunity in the European biotech sector, according to venture capital firm Index Ventures, which is eyeing both early and late-stage opportunities. "It’s like being in a candy shop," partner Francesco De […]
Prudential name Harvey McGrath as new chairman
Glasgow Daily Record – Insurers Prudential yesterday named the former boss of the world’s largest listed hedge fund manager as their new chairman. Harvey McGrath, 55, will join the board on September 1 and take over from Sir David Clementi […]
Tokio Marine Makes Gradual Shift to Hedge Funds as Prices Drop
Bloomberg – Tokio Marine Holdings Inc. will shift more of its 11 trillion yen ($100 billion) in assets to hedge funds and scour the globe for bargains as the credit squeeze forces down prices. Tokio Marine & Nichido Fire Insurance […]
Swing back to bank stocks is overdone, says Merrill Lynch
Times Online – The fashionable investment tactic of the past month – buying bank stocks while selling energy companies – could already have gone too far, Merrill Lynch, the financial management group, warned clients yesterday. In mid-July, hedge funds, pension […]
Cuomo Pressing Major Banks in ARS Probe
New York (HedgeCo.Net) – Less than one week after UBS and Citigroup were called upon to buy back over $30 billion in bad auction-rate securities, New York Attorney General Andrew Cuomo is forcing JPMorgan, Morgan Stanley and Wachovia to follow […]
UBS Writes Down Another Subprime-Related $6 Billion
New York (HedgeCo.Net) – Writedowns from major banks have reached the $500 billion mark, only one year after the subprime fallout forced mortgage-backed securities to plummet in value. And it’s not over. Some economists estimate that number will ascend upwards […]