Yearly Archives: 2010
Libya sets up London hedge fund to train financial experts
The Independent – The Libyan government is backing a new London hedge fund with hundreds of millions of dollars, as the Arab state seeks to diversify its economy away from oil and train a generation of investment professionals in the […]
Dow Jones Adds Veteran Hedge Fund Manager to Investment Banking Team
New York (HedgeCo.net) – Dow Jones has added 17 year hedge fund veteran Michael White to their Investment Banker’s dedicated editorial team. The team provides opinion and analysis on global industries, including M&A, capital raising, regulatory changes, and venture-capital and […]
Hedge Fund Fraudster Claims Ties To Beer Baron Royalty
New York (HedgeCo.net) – Hedge fund manager Guy Albert de Chimay was arrested during the weekend in North Carolina and charged with securities fraud. Chimay, who claimed he was directly related to Belgian royalty (of the Chimay brewed by Trappist […]
Hedge Funds Cutting Bullish Oil Futures Bets: Energy Markets
Bloomberg – Hedge funds cut their bets on higher oil-futures prices to a 10-month low as U.S. economic reports signaled fuel demand is diminishing. Speculative net-long positions, or wagers that prices will increase, in crude futures declined 30 percent to […]
UCITS Hedge Funds Still Up 0.8% After Week of Losses
New York (Hedge Co.net) – The UCITS Hedge Fund Strategy Index is still up by 0,08% in June 2010 (by business day 10, June 14th 2010) after a week full of losses. Out of the eleven strategies only two were […]
Hedge Funds Dodge European Proposal With ‘Newcits’
Bloomberg – Guy Hurley said he’s not sweating European plans for new hedge-fund rules after leaving Bank of America Corp.’s Merrill Lynch & Co. a year ago to start an onshore fund that uses strategies such as merger arbitrage. “It’s […]
Man Group Won’t Make Significant Purchases After GLG
Bloomberg – Man Group Plc, the largest publicly traded hedge-fund firm, doesn’t expect to make “significant” acquisitions after its purchase of GLG Partners Inc., Chief Executive Officer Peter Clarke said. “It is effectively job done for our liquid trading strategies,” […]
UAW Fund: $45 Billion For Investing
WSJ – So far, the goal is to make the fund more conservative and liquid, which means scaling back so-called alternative investments that came with the car makers’ assets. These include $2 billion in five hedge funds of funds, $380 […]
Madoff Feeder Fund Claims Should Be Denied, SIPC Tells Court
Bloomberg – Investors who put money in hedge funds that fed money to Bernard Madoff’s business should be denied claims for repayment because they weren’t direct customers of the con man’s firm, the Securities Investor Protection Corp. said in a […]
Blackstone’s Wien Says Hedge Fund Returns May Halve
Bloomberg – Byron Wien, vice chairman of Blackstone Group LP’s advisory services division, said hedge fund returns may shrink by half as firms seek to protect investors’ capital. Returns may drop to 10 percent from 20 percent as funds lose […]
UPDATE: People Moves: Tim West Joins UK Hedge Fund as Deputy CEO
New York (HedgeCo.net) Tim West has joined £6 billion UK alternative investment manager Future Capital Partners, as its new Deputy Chief Executive. Tim joins from Babcock and Brown where he was Head of the London office and Chief Operating Officer […]
Hedge funds sweeping through beleaguered ethanol industry for bargains
The Seattle Times – A mile down an unpaved road on the outskirts of Canton, Ill., population 14,500, stands a shuttered ethanol plant. Corn farmers in the area chipped in $5,000 to $300,000 each — some even mortgaged their farms […]