Tag Archives: external-managers

Asset manager Aberdeen says funds grow 6 pct

Guardian Unlimited- Aberdeen Asset Management said on Friday its assets had grown 6 percent despite turbulent markets and had also earmarked higher cost savings to offset falling earnings, pushing its shares up. The fund manager said its assets under management […]

Hedge Fund Used As Case Study At Stanford

West Palm Beach (HedgeCo.net)- Stanford University’s Graduate School of Business is using a hedge fund, GlobeOp Financial Services, in a business model case study developed for classroom. The case study, ‘GlobeOp: Enabling Hedge Funds, 2000-2003,’ emphasizes how vital a robust […]

Hedge fund Harbinger Raises Stake in Midwest

West Palm Beach (HedgeCo.net)- US hedge fund Harbinger has increased its stake in Australian iron ore miner Midwest Corp. Ltd. to 12.53%, an effort to block Chinese iron ore trader Sinosteel Corporation’s takeover of the latter. Harbinger, a major shareholder […]

Worlds Largest Hedge Fund Manager BGI Opens Dubai Office

West Palm Beach (HedgeCo.net)- Barclays Global Investors (BGI) has opened an office in the United Arab Emirates’ Dubai International Finance Centre. BGI has been active in the region since 1998 and currently has assets under management of US$ 28 billion […]

IFSL: Big Apple Biggest Home To Hedge Funds

FINalternatives- Global hedge fund assets under management increased 30% in 2007 to a record $2.25 trillion, according to a new International Financial Services report. Most of this growth was in the first three quarters, as market turbulence in the latter […]

IRS Restricts Deduction of Fund of Funds’ Management Fees

West Palm Beach (HedgeCo.net)- In a recent IRS Revenue Ruling addressing the tax treatment of management fees incurred in a “fund of funds” structure, the IRS’s has severely restricted UPTs (upper tier partnerships) from obtaining tax benefits from management fees. […]

Hedge Fund Man Group Shows Positive Product Return

West Palm Beach (HedgeCo.net)- Global Hedge fund Man Group has increased their assets under management from $74.6 billion at 31 March 2008 to $79.5 billion at 30 June 2008. "Demand for our fund products has remained strong, both from private […]

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, […]

New Hedge Fund Launches Total Record $19.5 Billion in First Half

New York, July 8, 2008 — The Absolute Return New Funds Survey, published in the July/August issue of Absolute Return magazine, shows that new hedge fund launches this year in the Americas totaled $19.5 billion, with the top five funds […]

Report: SA Hedge Funds Growing

West Palm Beach (HedgeCo.net)- A Hedgeweek Special Report for March 2008 shows a strengthening of the South African hedge fund industry from just a few funds with aproximately ZAR1.4 billion ($0.18 billion) in as recently as mid-2002, to more than […]

Investcorp’s Emerging Hedge Fund Talent Fund Raises $2 Billion

West Palm Beach (HedgeCo.net)- Investcorp’s hedge fund co-managers said they have raised over $2 billion for their Single Manager Platform. Debuted in 2005, the platform supports emerging talent in the hedge fund industry. Deepak Gurnani, managing director and co-head of […]