Yearly Archives: 2010
Yale to Reduce H.F. Assets to Make Way for P.E.
NYT – Yale University’s endowment plans to prune its hedge fund investments to make room for bigger stakes in private equity and real estate, Bloomberg News reported. The fund plans to raise its P.E. investments to 26 percent from 21 […]
Ex-Hevesi Adviser Denies Committing Fraud In Fund Dealings
WSJ – Henry “Hank” Morris, a one-time top political adviser to former New York Comptroller Alan Hevesi, denied committing fraud or any other crime in his dealings with the state’s largest pension fund. In a court filing late Tuesday, William […]
Markets spooked as Greek rescue plan crumbles
Telegraph – The inability of the eurozone to put together a viable package after a month of talks has dismayed markets, which thought the terms of a deal had already been agreed. Yields on 10-year Greek bonds spiked 17 basis […]
Hedge Fund Managers Predict Inflows & Strategy For 2010
New York (HedgeCo.net) – Deutsche Bank surveyed over 600 investor entities worldwide, representing over $1 trillion in hedge fund assets, revealing that 52% of investors predict equity long/short to be one of the best performing strategies for 2010, and 51% […]
Flowering Tree Grows Hedge Fund Fivefold, Outperforms Peers
BusinessWeek – Flowering Tree Investment Management Pte, set up by the co-founder of New York-based Sansar Capital Management LLC, has grown its Asian equities hedge fund more than fivefold as it outperformed peers. Singapore-based Flowering Tree’s fund has grown to […]
Ex-Barclays Tailor, Mosquera Start Bank Hedge Fund
BusinessWeek – Rupesh Tailor and Jose Mosquera, who worked together as credit traders at Barclays Capital, are starting a regulated hedge fund in Madrid to bet on a shake-up of the banking industry using default swaps, bonds and equities. Tailor, […]
Illinois commission allocates $135 million to hedge funds
Pensions&Investments – The Illinois Student Assistance Commission, Chicago, allocated a total of $135 million to three hedge fund managers, its first move in the area. The three are among 13 hedge fund firms approved to run assets of the $982 […]
‘Sinister’ German Plan Aimed at Funds, Analysts Say
Bloomberg – Germany’s suggestion that it may order spies to track speculators targeting currencies is “sinister and silly,” according to analysts, who said hedge funds in London and New York would be the targets. Germany’s Finance Minister Wolfgang Schaeuble told […]
Hedge Fund Rules Aren’t Dead, Minister Says
NYT – Hedge funds and private equity may have won a short reprieve after EU finance ministers agreed to delay a decision on new rules for the industry, but the proposals aren’t dead, Jean-Paul Gauzes, a French member of the […]
Hedge Fund Manager Survey Finds Sentiment Moving Against Europe, in Favor of U.S.
New York (HedgeCo.net) – Investors have recovered their bullishness towards equity markets but are shifting their focus away from Europe and into the U.S. and Japan, according to the BofA Merrill Lynch Survey of Fund Managers for March. A total […]
EU hedge fund curbs delayed after the intervention of Gordon Brown
Telegraph – The ECOFIN gathering of finance ministers from the 27 EU states had been due to debate the Alternative Investment Fund Managers (AIFM) directive but it was removed from discussion. Instead, it will now be tabled at next month’s […]
Hedge funds as heroes
BBC – In the autumn of 2008, during the worst global banking crisis since the 1930s, I was interviewed by French television and asked to explain the malevolent role of hedge funds in causing the mess we were in. When […]