Author Archives: the HedgeCo News Team
Brazil Hedge Funds See Record Outflows Even as They Beat Market
Bloomberg – Brazilian hedge funds saw a record 14.3 billion reais ($6.7 billion) in withdrawals last month after returns trailed a fixed-income benchmark even while defying a 25 percent plunge in the Bovespa stock index. The redemptions brought total outflows […]
Stock futures point to weaker Wall Street open
MSN MoneyCentral – Stock futures fell on Thursday, pointing to a weaker open on Wall Street, with the Dow Jones industrial average, the Nasdaq 100 and the S&P 500 share indexes down 1.4-2.8 percent. Highlights: * Walt Disney reports results […]
World’s biggest listed hedge fund manager Man Group sees profits slide
Daily Mail – Man Group, the world’s biggest listed hedge fund manager, saw profits slide 24 per cent in the last six months as its managed funds fell and fee income dwindled. It took $107million (£67.4million) hit on upfront commissions […]
Sears, Walgreen may find CEOs within
Chicago Sun-Times – Chicago’s venerable Sears and Walgreen retailers are looking for new CEOs, and names are starting to surface as contenders. Sears’ challenge is to find a CEO to work under Chairman and hedge-fund manager Edward S. Lampert, who […]
Technology helps commodity funds outsmart market
Reuters UK – Artificial intelligence is helping trend-following commodity hedge funds triumph in treacherous markets when human brains alone aren’t enough. With industry data showing the average hedge fund down 20 percent or more this year due to strategies messed […]
Former Citigroup Manager Joins RFA
West Palm Beach (HedgeCo.net) – Hedge fund IT provider, Richard Fleischman & Associates, announced that Colin Moe has joined the firm as account manager. The appointment furthers RFA’s unprecedented growth and commitment to serve its client base of 400-plus alternative […]
Permal Suspends Withdrawals From Two Hedge Funds Run by NWI
Bloomberg – Permal Group temporarily blocked clients from taking money out of two hedge funds that invest with NWI Management LP while NWI changes its redemption rules, according to two people familiar with the matter. The firm, based in London, […]
Hedge fund lowers takeover bid for Epicor Software
CNNMoney.com – New York hedge fund Elliott Associates LP lowered its offer price Tuesday for Epicor Software Corp., saying in a letter it was "extremely disappointed" Epicor’s board had recommended shareholders reject a takeover. Elliott, a large shareholder in the […]
PMA says Harvester hedge fund up 4.83 pct in Oct
Reuters – Hedge fund manager PMA said on Wednesday its flagship macro vehicle focusing on foreign exchange and interest rate markets returned 4.83 percent in October, even as the global financial crisis ravaged many of its peers. The unit of […]
What Can Hedge Funds Expect from President Obama?
New York Times Blogs – After pouring money into Barack Obama’s campaign, what can hedge funds and their executives expect from the new president? If history is any exmaple, says FINAlternatives, they shouldn’t expect a cuddly relationship. Mr. Obama didn’t […]
With the end of the US election, managers begin to plan for new administration’s effects on economy and regulation
Opalesque – For the US financial markets, as the credit crisis unfolded there was, along with the desire for immediate action, a sense that the government was taking temporary steps until the election would decide which administration would be the […]