Yearly Archives: 2010
Michael Lipper: I am guilty of fund classification ‘crimes’
CityWire – I plead guilty. I plead guilty for the crime of characterizing mutual funds and their kissing cousins -hedge funds- by the types of securities in their portfolios. My enablers are the fund marketing people and the lawyers. At […]
UK investor TCI forces Infigen directors out
Eco Business – The major shareholder of wind farm operator Infigen Energy has forced the resignations of chairman Graham Kelly and director Tony Battle. London-based hedge fund The Children’s Investment Master Fund (TCI) has been agitating for a board seat […]
Financial reform law offers look at lobbyists’ efforts to shape it
LA Times – Having failed to block financial reform, Wall Street is now focused on the next best thing: ensuring that the law is loosely interpreted and weakly enforced. Lobbyists for banks, hedge funds and other firms have logged hundreds […]
Man Group fears abolishment of FSA could weaken London
CityWire – Man Group chief executive Peter Clarke has slammed the UK government’s decision to abolish the Financial Services Authority (FSA). Speaking to the Financial Times this weekend, Clarke (pictured) claimed the move could weaken the City’s ability to withstand […]
India’s first market-neutral hedge fund
The Asset – With only 40 to 50 hedge funds, India’s hedge fund market is still at a nascent stage of development. Most of these funds are in equity, investing more long-only than long/short. The others concentrate either on the […]
Putting Money on Lawsuits, Investors Share in the Payouts
NYT – Large banks, hedge funds and private investors hungry for new and lucrative opportunities are bankrolling other people’s lawsuits, pumping hundreds of millions of dollars into medical malpractice claims, divorce battles and class actions against corporations — all in […]
AIFAM to Expand Catastrophe Bond Fund to $150 Million With Japan Pensions
Bloomberg – AIFAM Inc., a New York-based hedge fund with about $600 million in assets, aims to boost the assets in a catastrophe bond fund by five times to $150 million over the next year with Japanese pension money. The […]
EC hedge fund crackdown will hit London hardest
The Independent – Europe’s lawmakers have approved new rules ushering in pan-European regulation for hedge and private equity funds for the first time. MEPs overwhelmingly backed the plans, which will have far more impact in London, host to at least 75 per […]
New computer programs help hedge fund AHL’s revival
Reuters – New computer programs designed to cope with choppy markets have helped Man Group’s flagship hedge fund AHL produce stronger returns after last year’s damaging losses, its manager told Reuters. Tim Wong, chief executive of AHL, a $22.6 billion […]
Hedge fund manager Gambhir consolidates seven-year track record as RWC Partners moves forward, L/S equity fund +11% YTD
Opalesque Industry Update – Manager of the Europe long short funds at RWC Partners, Ajay Gambhir, has passed through his three year track record at the firm. Gambhir launched his RWC Samsara Fund just as the storm clouds were gathering […]
Infigen chairman steps down after hedge fund request
Business Spectator – Infigen Energy Ltd chairman Graham Kelly has resigned with immediate effect, to be replaced by Mike Hutchinson, after the company’s largest investor, The Children’s Investment Master Fund (TCI), sought a seat on its boards. Infigen’s board nomination […]