Yearly Archives: 2010
Investors Gain New Clout
MSN – Shareholders won greater clout to place directors on corporate boards Wednesday, marking the latest victory for the “shareholder rights” movement that has gradually chipped away power from top executives running U.S. corporations. But a party-line split vote at […]
Taconic Capital Tennis Champs Take U.S. Open Lessons Into Hedge Fund World
Bloomberg – Jim Grabb and Richey Reneberg are teaming up on Wall Street, 18 years after capturing the doubles championship at the U.S. Open. The duo work in adjoining offices at hedge fund Taconic Capital Advisors LP, the latest stop along a […]
Global Hedge Fund Body To Meet US Policymakers In September
WSJ – The Alternative Investment Management Association, a global body representing hedge funds, said Thursday it will meet U.S. policymakers and supervisors in September over the implementation of the Dodd-Frank Act. “Many of the measures that feature in the Dodd-Frank […]
Basis Capital Urges New York Judge to Allow Lawsuit Against Goldman Sachs
Bloomberg – Basis Capital, an Australian hedge fund, urged a New York judge to allow its $1 billion lawsuit over the marketing of credit default swaps by Goldman Sachs Group Inc. to proceed, calling Goldman’s request for a dismissal a “distraction.” […]
Opus Fund Services Ranked ‘Top Rated’ Hedge Fund Administrator
New York (Press Release) – Opus Fund Services has been ranked “Top Rated” hedge fund administrator in the annual Global Custodian survey of 1,420 hedge fund clients across 81 administrators. In what Global Custodian called “a few basis points from […]
Fund firm Jupiter swings to first half profit
Reuters – UK asset manager Jupiter JUP.L swung to a half-year pre-tax profit in its first results since flotation, boosted by net inflows and rising fee income during a tough six months for the broader industry. Jupiter was not entirely […]
People Moves: FRM’s Ellis Appointed Head At Man’s Hedge Fund Of Funds Business
New York (HedgeCo.net) – Global hedge fund giant Man Group PLC., has appointed former managing director at Financial Risk Management (FRM), Luke Ellis, as head of their multi-manager funds of hedge funds business. With over 25 years investment management experience, […]
The Hedge Fund Exodus
New York Observer – Earlier this month, a story splashed across the front page of the Post warned that representatives from more than a dozen New York City hedge funds had “crossed the border” to meet with Connecticut Governor Jodi Rell. […]
Sovereign Wealth Funds Look To Taleb’s “Black Swan” For Protection
Guru Focus – Nassim Nicholas Taleb’s uber-bearish views on the markets are attracting interest from overseas sovereign wealth funds, The Wall Street Journal reports this morning. China Investment Corp. and Middle East government funds are considering an investment in Universa […]
Hedge fund Brevan Howard’s 33 partners share £86m
Telegraph – The hedge fund made almost £700m in fees for the eight months to March 2009, a period that saw the collapse of the credit markets, the implosion of Lehman Brothers and the FTSE 100 diving below 3,500. But […]
Hedge Fund Whitepaper: An Enhanced Approach to Long Term Equity Investing
New York (HedgeCo.net) – A new research paper released by Credit Suisse, “Long/Short Equity: An Enhanced Approach to Long Term Equity Investing,” that compares long-only equity strategies to long/short equity strategies. Key points in the paper include: L/S Equity Strategies […]
Hedge Witch Hunt – Fund Presses to Get Magazine to Reveal Source
American Chronicle – One of New York’s wealthiest hedge-fund gurus is on a witch hunt to track down the person who leaked his fund’s latest quarterly investor letter. The hunt, started this week with court papers being filed, also includes […]