Yearly Archives: 2010
Former Mellon Chiefs Said to Launch Fund Business
NYT . Two former heads of one of Bank of New York Mellon’s fund of hedge funds units are planning to hang their own shingle, Financial News reported. Derek Stewart and Scott MacDonald, who previously ran BNY Mellon’s Mellon Global […]
Hedge funds still attracting billions in new cash
Reuters – Hedge funds pulled in $9.5 billion during the second quarter with nervous investors preferring to send their money to the biggest and best established managers, according to industry tracker Hedge Fund Research Inc on Tuesday. Hedge fund managers […]
Survey: Hedge Fund Experts Doubt The Impact Of The Obama Reform
New York (HedgeCo.net) – More than 2000 people in the financial industry were polled in an extensive global survey which found more than half of the hedge fund industry experts lack confidence in the US administration’s ability to construct new […]
Ikos Divorce Rattles Firm; Cash Exits, Staff Gets Ax
WSJ – Last month, Martin Coward, a co-founder and former executive of European hedge-fund group Ikos, flew from Cannes, France, to Greece on a private jet, according to people familiar with the matter. But Mr. Coward had to take a […]
Private-equity-fund advisers balk at new oversight rules
Investment News – Financial advisers to some private-equity funds fear that efforts to reduce systemic risk in the financial markets, a key theme of the massive reform bill signed into law last week, are unfairly targeting them. In a congressional […]
Asia-based hedge-fund managers beat global brethren
Asian Investor – Asia-focused hedge funds perform better if they are run from within the region, a recent study from Singapore-based research firm GFIA shows, and Hong Kong-based fund of hedge funds 3A Asia says the findings are reinforced by […]
Cowen Launches Hedge Fund Replicator With Access To Alternative Investments
New York (HedgeCo.net) – Ramius LLC, the asset management division of Cowen Group, announced the creation of its first mutual fund, Ramius Dynamic Replication Fund, focusing on hedge fund replication that provides investors the opportunity to access market exposures typically […]
BofA Private-Equity Staff Said to Depart for Bank-Tied Ventures
Bloomberg – Bank of America Corp., under government pressure to curb private-equity investments, plans to sell $1.2 billion of commitments to funds managed by Warburg Pincus LLC as about 30 employees join two new bank-affiliated ventures, said two people with […]
Beazley Plans to Increase Hedge Fund Assets as Investment Returns Decline
Bloomberg – Beazley Plc, a Lloyd’s of London insurer, plans to increase its hedge-fund holdings as record-low interest rates squeeze investment returns. Beazley will raise the proportion of its assets invested in hedge funds to as much as 13 percent […]
Event-driven hedge funds popular in M&A revival
Reuters – Hedge fund selectors are backing managers who bet on corporate events such as mergers, bankruptcy or restructuring, believing there will be more “special situations” to exploit as firms battle through the downturn. Funds of hedge funds believe “event-driven” […]
Hedge funds still attracting billions in new cash
Reuters – Hedge funds pulled in $9.5 billion during the second quarter with nervous investors preferring to send their money to the biggest and best established managers, according to industry tracker Hedge Fund Research Inc on Tuesday. Hedge fund managers […]
Hedge Funds: A Tale of Two States
DealBook – When Gov. David A. Paterson and New York’s legislative leaders unveiled a plan last month to tax out-of-state hedge fund managers, the move ignited something of a border war between New York and Connecticut, another stronghold of the […]