Yearly Archives: 2010
O’Brien: Silicon Valley giving boost to Middle East startups
Mercury News – When Yahoo bought Jordan-based Maktoob.com in August 2009 for a reported $85 million, it barely made a ripple in U.S. technology circles. But the deal for the leading Arabic online community had a seismic effect on the […]
Tiger Club’s U.S. Millionaires Pounce on Berkshire’s 19% Return
Bloomberg – Warren Buffett’s Berkshire Hathaway Inc. is the darling of U.S. millionaires, or at least those in Tiger 21, a peer investment group. Members of New York-based Tiger 21 picked Berkshire as their top stock in a survey of […]
Citigroup May Move Prop Traders to Hedge Funds for Volcker Rule
Bloomberg – Citigroup Inc. may move a team of proprietary traders into its hedge-fund unit, one of at least three alternatives the U.S. bank is studying to comply with the Dodd-Frank Act, people briefed on the matter said. Traders in […]
Superfund Aims to Raise $100 Million for New Japan Hedge Fund
Bloomberg – Superfund, which oversees $1.2 billion in managed futures funds, aims to raise $100 million within a year for a new hedge fund targeting Japanese retail investors. The Superfund Blue Japan, which invests in global equities using a computer-driven […]
RAB Capital Slashes Dividend As Hedge Funds Lose Ground
Dow Jones – Hedge-fund operator RAB Capital PLC (RAB.LN) Wednesday slashed its dividend to conserve cash, as it reported another decline in the assets it manages from investor redemptions and poor fund performance, and said conditions continue to be tough […]
China sovereign wealth fund in new round of hiring
Reuters – China’s $300 billion sovereign wealth fund has started a new round of global hiring as it steps up overseas investments and seeks new government funding. China Investment Corp, also known as CIC, advertised 64 job postings, including hedge […]
Hedge Fund Moves: SYZ & CO’s Expansion in Asia – Daniel Ghirardi as CEO for Asia.
New York (HedgeCo.net) – The Swiss banking group SYZ & CO is continuing its expansion in Asia by extending the operations of its Hong Kong office. In addition to alternative asset management – which has been available since January 2007, […]
Hedge Fund Study: Managers See Credit Crisis Winding Down
New York (HedgeCo.net) – Approximately one-third of private equity firm managers believed that the credit crisis was resolved in 2009, while an additional 10 percent predicted that market weakness would dissipate before the second half of this year. In total, […]
Stock Buying Hits Bull Market Record at Mutual Funds
Bloomberg – Mutual funds, pensions and endowments are spending more on stocks than at any time since the start of the bull market, just as individuals grow the most pessimistic in a year. Institutions pushed equities up to 68 percent […]
Martin Currie Said to Launch Retail Funds
NYT – Martin Currie is the latest investment firm to open its arms to retail investors. The Edinburgh-based asset manager, which has £10.5 billion ($16 billion) under management, is planning to launch three new hedge funds for retail investors, The […]
Bank of America Gives Mutual Funds, Brokers Algorithm for ETFs
Bloomberg – Bank of America Corp., the largest U.S. lender by assets, is offering clients an electronic trading strategy that can automatically create shares of exchange-traded funds by buying and selling stocks and hedging with futures. The Charlotte, North Carolina-based […]
Hedge Fund T2 Partners on BP, Microsoft and Anheuser-Busch InBev
Seeking Alpha – If there’s one overwhelming theme we’ve seen from hedge funds as of late, it would be the ‘long high quality large caps’ trade. Whitney Tilson and Glenn Tongue’s hedge fund T2 Partners further verify this with their […]