Yearly Archives: 2010

Funds ditch oil, leaving dealers holding paper: John Kemp

Reuters – Banks and other swap dealers have been left holding the rest of the market’s unwanted long positions in WTI-linked futures and options, as prompt crude prices ran into stiff resistance and began the descent back to earth. Hedge […]

Sweden piles into hedge funds

Dow Jones – One of the largest Swedish state pension schemes is to increase its holdings in hedge funds dramatically as investors look to reinvigorate performance and alternative managers have redoubled their efforts to win over institutional investors. AP1, the […]

‘Volcker Rule’ not for Canada

The Star – One particularly contentious section of the new U.S. regulations is the so called “Volcker Rule,” named after the former Federal Reserve chairman, Paul Volcker. The U.S. legislation, now before Congress, would prevent banks from dealing on their […]

Clients returning to Gartmore after Rambourg

Reuters – British fund firm Gartmore said clients were returning to its European hedge funds after big withdrawals following the March suspension of star fund manager Guillaume Rambourg. Gartmore had revealed more than 1 billion pounds of client withdrawals in […]

Hedge Funds Avoid Big Losses So Far in 2010

WSJ-  The $1.8 trillion hedge-fund industry avoided big losses in the first half of 2010 as many managers stayed defensive amid sovereign-debt concerns and worries about a double-dip recession. A global index of managers compiled by Chicago-based Hedge Fund Research […]

Ex-Goldman’s Maruyama Targets $114 Million for New Hedge Fund

Bloomberg – Tan Maruyama, a former proprietary trader at Goldman Sachs Group Inc., aims to boost assets of his new Japan-focused hedge fund that bets on securities ranging from equities to convertible bonds to about $114 million. The R-SQUARED Master […]

VR Capital Asks Dragon to Close Funds as Returns Lag

Bloomberg – Dragon Capital Group Ltd., Vietnam’s second-biggest investment firm, has been asked by a shareholder to close two funds valued at $654 million because of “very poor performance.” VR Capital Group Ltd., a Moscow-based hedge fund, on June 17 […]

New York Hedge Fund Launches Swiss Arm

New York (HedgeCo.net) – New York alternative investment company, Galtere Ltd (Galtere) has gone global, launching a new European hedge fund arm – Galtere (Switzerland) AG. The firm has appointed Werner Schuenemann to manage the new operation, which is based […]

Hedge Funds See “Trying” Year in 2010

Reuters – Hedge fund managers feel they aren’t out of the woods quite yet. Seven out of 10 said they expect a “trying” year as the industry faces regulatory oversight and competition picks up with more funds likely chasing investment […]

Ex-TCI Asia Head Raises $100 Million for Hedge Fund

Bloomberg – John Ho, former Asia head of the Children’s Investment Fund Management UK LLP, raised more than $100 million from investors for his own hedge fund which bets on rising and falling stocks in the region. Janchor Partners Pan […]

Rogers Investment Wins $90 Million Mandate From Japan Investor

Bloomberg – Rogers Investment Advisors Y.K., a Tokyo-based fund-of-hedge-funds adviser, said it won a mandate worth about $90 million from a Japanese institutional investor, adding to signs of recovery in the nation’s hedge-fund industry. The allocation will be made on […]

International Hedge Fund Probe Ends In Shooting

New York (HedgeCo.net) – A suspect in an investigation into German hedge fund firm K1 Group has allegedly committed suicide while being arrested by police in Spain, Bloomberg reported today. The hedge fund manager, Dieter Frerichs, 72, shot himself after […]