Yearly Archives: 2010
Merchant, Clive Commodity Hedge Funds Quadruple Average Returns This Year
Bloomberg – Michael Coleman and Doug King’s Merchant Commodity Fund and Chris Levett’s Clive Fund posted returns in the first 11 months that were more than four times average gains by hedge funds and outperformed index investments. The $1.4 billion Merchant fund […]
ECB: large hedge funds to thrive as small players struggle
Reuters – Many smaller hedge funds will struggle to survive, whereas bigger funds are expected to grow, adding risk to the stability of the financial system, the European Central Bank said on Thursday. “In the period ahead, many smaller hedge […]
Trend of hedge funds acquiring talent from financial institutions may reverse in 2011
Opalesque Industry Update – Headhunting firm Carrington Fox predicts decline of candidate placements in Hedge Fund space as regulations tighten and banks offer securer salary propositions. The historical trend of Hedge Funds acquiring talent from Financial Institutions could be reversed going […]
Citi launches new hedge fund advisory business
Reuters – Citigroup Inc launched a new hedge fund advisory service on Thursday, aimed at providing business consulting and advisory services to hedge funds as investors are forcing the funds to build themselves into more sophisticated businesses. Much of the new […]
Madoff’s Legacy Forces Kiwi Hedge Fund Pure Capital to London
Business Week – Pure Capital Ltd., the New Zealand hedge fund led by Anthony Limbrick, will move its base to London to be closer to clients as the legacy of Bernard Madoff’s ponzi scheme makes it tougher to convince investors […]
Hedge Funds, Facing More Oversight, Say Industry Creates Jobs
Bloomberg – Hedge funds are touting their record of creating jobs after politicians demanded increased regulation of the industry and restrictions on bonus payments. Hedge funds have 100,000 staff globally and lead to the employment of an additional 200,000 people […]
Early View: Dow Jones Credit Suisse Hedge Fund Index Estimated Down 0.28% in November
Early estimates indicate the Dow Jones Credit Suisse Hedge Fund Index (“Broad Index”) pulled back in November, posting slightly negative performance of -0.28% for the month (based on 79% of assets in the index reporting). Key highlights for the month: […]
Hedge Fund Launch: GIM High Opportunity Forex Fund
Press Release – Global Investment Management, manager of the GIM Forex Program (Managed Accounts) announces the launch of a new Forex fund: the GIM High Opportunity Forex Fund, ISIN : BMG3032V2255. Goldman Sachs is providing the price feed ( liquidity […]
Russell Abrams’ Hedge Fund Accused of Fraud Amid Losses of 70%
Forbes – Russell Abrams, founder of New York hedge fund firm Titan Capital Group, which not so long ago reportedly managed $400 million, is having a terrible year. One of his main hedge funds has suffered losses of as much […]
BH Credit Raises $160M For First Listed Hedge Fund Since ’08
Dow Jones – BH Credit Catalysts Ltd. on Thursday said it raised $160 million on the London Stock Exchange for the first hedge fund vehicle to be listed in Europe since the financial crisis. The result, while respectable in difficult […]
Investors to sue Everest hedge fund
MSN – Former Babcock and Brown-backed hedge fund Everest Financial Group is being sued by two Sydney businessmen for what they say is a breach of guarantee and misleading and deceptive conduct in relation to two investment schemes in which […]
FBI Targets SAC Employee in Hedge Fund Probe
New York Observer – Today’s Wall Street Journal reveals a new figure in the Great Hedge Fund Reckoning. His name is Michael Steinberg, and he’s the first current employee of Steve Cohen’s SAC Capital to be named in connection with […]