Tag Archives: absolute-return
Duff: Hedge Funds to Fail at Historic Level
CNBC- For the first time, more hedge funds will fail this year than are originated, according to Philip Duff, of Duff Capital Advisors. In a rare interview with CNBC, Duff said the difficulty in gauging the health of banks has […]
Hedge fund may increase stake in Alcoa
Pittsburgh Tribune-Review- Activist shareholder Highfields Capital Management LP has alerted Alcoa Inc. it may increase its stake in the aluminum maker to as much as 8 percent, a move that would make the Boston-based hedge fund the company’s largest shareholder. […]
Fortis sells International Asset Management; to boost bank
CNBC- Fortis NV. said it has sold its London-based hedge fund manager International Asset Management (IAM) to its management team, supported by third party investors, for an undisclosed sum. The Belgian-Dutch bancassurer said the transaction will boost its solvency ratios, […]