Yearly Archives: 2008
New player on the bad loan scene
Star News Online- Dozens of hedge funds, private equity groups and other investors have plunged into the beaten-down mortgage market in recent months, buying tens of thousands of distressed loans and foreclosed properties around the country. They hope to profit […]
Hedge Fund Hotels Nurture Start-Ups
West Palm Beach (HedgeCo.Net)- Hedge funds have grown from as few as 300 funds in 1990 to more than 10,000 today. However, there has been a recent drop in new fund launches due to the recent credit crunch, closures and […]
Eight Arrested in London Insider Trading Scheme
New York (HedgeCo.Net) – Eight people were arrested yesterday in London on suspicions of insider trading. The city of London police and about 40 Financial Services Authority officials targeted workers at UBS and JPMorgan Cazenove, in what they are […]
Behind Trojan walls
Investors Chronicle- In Homer’s Iliad, Troy was razed to the ground by Greek warriors, but Troy Asset Management aims to put up a much better defence for its investors. The boutique fund manager takes its name not from the ancient […]
Duff: Hedge Funds to Fail at Historic Level
CNBC- For the first time, more hedge funds will fail this year than are originated, according to Philip Duff, of Duff Capital Advisors. In a rare interview with CNBC, Duff said the difficulty in gauging the health of banks has […]
Brown joins Collins Stewart as head of fund sales
Investment Week- Collins Stewart Fund Management has appointed Mike Brown as head of fund sales. He will lead sales of the multi-asset, multi-manager funds and specialist equity, fixed interest and hedge funds from the offshore group. Products under his remit […]
Wealthy Americans Prefer Alternative To Traditional Investments
West Palm Beach (HedgeCo.Net)- A recent Bank of America Survey of high net worth Americans indicates that US investors understand the risk and rewards of hedge fund investments. Many expressed greater satisfaction over the last 12 months with their holdings […]
Northern Rock scars RAB Capital profits
Times Online- Hedge fund RAB Capital, one of the largest shareholders in Northern Rock when the bank was nationalised in February, this morning announced that its first half pre-tax profit had almost halved and assets under management had shrunk by […]
Public pension funds remain bullish on hedge funds
Wealth Bulletin- Money managers at public pension funds have adopted a surprisingly bullish stance on investing in hedge funds despite the turmoil plaguing the alternative investment vehicles, a recent survey by Hedge Fund Manager Week showed, according to a report […]
Hedge funds caught in short squeeze
Globe and Mail- Hedge funds may post their worst month in at least five years after bets on financial stocks falling and on crude oil rising backfired. Hedge Fund Research Inc.’s Global Hedge Fund Index of more than 55 funds […]
Turkey’s first hedge funds coming into being shortly
Todays Zaman- Licensed just a few months ago, Turkey’s first hedge funds will likely embark on operations by mid-September, Corporate Governance Association of Turkey (TKYD) President Gür Çağdaş has said. Speaking to Reuters yesterday, Çağdaş said with the funds, an […]
Hedge firm SAIL hires former Goldman exec as CEO
Reuters HK- SAIL Advisors Ltd, one of Asia’s largest homegrown fund of hedge fund managers, said on Wednesday it hired former Goldman Sachs Group Inc managing director Vincent Duhamel as its new chief executive. Hong Kong-based Duhamel will replace Eliza […]