Author Archives: the HedgeCo News Team
Gottex hedge funds impacted by high redemptions
Hedge Funds Review Magazine – Troubled Swiss-based alternative asset management group Gottex Fund Management Holdings said assets under management (AUM) were down over $2 billion to $13.5 billion at September 30, 2008, compared with $15.6 billion at June 30, 2008. […]
Competition Becomes Fierce for Financial Jobs
West Palm Beach (HedgeCo.net) – Employment offers in financial services fell by 11% in September compared to 6 months ago, according to Powerchex Limited, a pre-employment screening firm for financial institutions. Research by Powerchex showed that Investment Banks made […]
Finvest Launches Offering and FOHF Allocation
West Palm Beach (HedgeCo.net) – Finvest Asset Management is set to launch a new capital protected offering for investors who are seeking to generate annual returns of between 12-20 percent in a low risk structure. The total offering is for […]
How Nat the ex-playboy is set to become a central character in Tory Corfu holiday saga
Daily Mail – One of the most beguiling questions in the Mandelson-Deripaska affair is how did Nat Rothschild become a central figure? The answer is in the way the 37-year-old scion of the banking dynasty does business. Rothschild has enviable […]
Hedge funds slam ban extension
Financial Standard – The hedge fund industry has condemned the Australian Securities and Investments Commission’s (ASIC) decision to extend the ban on short selling on non-financial stocks, declaring it will have "severe and immutable long-term effects". ASIC extended the ban […]
Cruz Eyes Return a Year After Morgan Ouster
Street.Com – Zoe Cruz, the Morgan Stanley co-president pushed out by the firm late last year, is eyeing a role at an asset management firm, or possibly raising money to start a hedge fund, according to a person familiar with […]
Hedge funds set student loan firms in their sights
Guardian Unlimited – After being accused of precipitating the present financial crisis by short-selling banks, hedge funds are now turning their attention to student loans. Jim Chanos, founder and president of Kynikos, one of the best known short- selling hedge […]
Hedge Funds: 2008’s Winners and Losers
Seeking Alpha – Hedge funds often try to offset potential losses in the principal markets they invest in by hedging their investments using a wide variety of techniques. For this very reason, many of them rarely disclose any of their […]
What Makes Me Bearish? Hedge Fund Sales on the Horizon
Seeking Alpha – Investors pulled at least $43bn from U.S. hedge funds in September as market turmoil led to unprecedented withdrawals, an analysis by a leading research house shows. The data from TrimTabs Investment Research – which was to be […]
Currency shakeout to benefit hedge funds
Reuters UK – Recent sharp moves in global currencies are the start of longer trends set to produce strong money-making opportunities for trend-following hedge strategies, according to Insch Capital Chief Executive Chris Cruden. Cruden, whose Insch Interbank Currency Program is […]