Tag Archives: hedge fund
Why Polygon Is Losing Pace
Forbes – Markets around the world have been rallying all year. So how did Polygon’s flagship hedge fund manage to lose money? Polygon Global Opportunities Master Fund delivered a negative 2.92% net return as of June 30, lagging far behind […]
Few Hedge Funds Started In Europe This Year, Raising Little
NASDAQ – The pace of new European hedge fund launches has stalled this year after the industry’s dismal 2008 performance made investors unwilling to back new ventures. Data provider EuroHedge Monday said just 47 funds started trading in the first […]
RPT-EXCLUSIVE-Costas launches boutique bank and a 2nd act
CNN Money – John Costas, who helped make UBS AG into one of the world’s biggest investment banks, wants to build a lasting Wall Street player — and put the 2007 demise of hedge fund Dillon Read Capital Management behind […]
Hedge fund GLG backs oil venture with eye for London listing
Telegraph.co.uk – The hedge fund, which has $11bn (£6.7bn) of assets under management, will be the cornerstone investor in the new company called Lothian which will buy oil assets around the world and manage them. The plan is for Lothian […]
Market Chatter — Corporate finance press digest
Reuters – The following corporate finance-related stories were reported by media on Friday: * Fortress Investment Group, among the largest private equity and hedge fund firms, is looking to go on an acquisition drive, the Financial Times said, citing a […]
Multi-strategy Malta Hedge Fund Launch
HedgeCo.net (West Palm Beach) – Golden Hedge Umbrella Sicav has launched a multi-strategy hedge fund and is currently looking for seed investors. The Golden Hedge Multi-Strategy Fund, Malta domiciled, is the first subfund of the umbrella structure, run by Andreas […]
Neptune buys Man Group, sees M&A among fund firms
Reuters – Equity investors are too negative about the hedge fund industry, says Neptune’s Jeremy Smith, who has recently bought shares in Man Group and expects more consolidation among traditional fund firms. Smith, who manages the 42 million-pound Neptune UK […]
Hedge Fund CFO Says Boss Made Him Fall Guy
Courthouse News Service – The founder and general partner of a $5 billion hedge fund used the company’s CFO as a scapegoat when investors found out he used their money to buy a private Gulfstream jet, the former CFO claims […]
Ex-Man team backs Bayswater hedge fund relaunch
Reuters – Bayswater Asset Management, a computer-driven hedge fund shut down last year after big losses during the credit crisis, has relaunched after revamping its risk management controls, its new backers said on Wednesday. San Francisco-based Bayswater had initially been […]
Investment Firms’ Donations May Be Curbed
istockAnalyst.com – The Securities and Exchange Commission unanimously endorsed the proposal amid widening investigations of so-called pay-to-play donations by private equity and hedge fund executives who jockey for lucrative fees to manage some of the more than $2.2 trillion in […]
Tokio Marine to Cut Hedge-Fund Investments This Year After Rout
Bloomberg – Tokio Marine Holdings Inc., Japan’s biggest casualty insurer, plans to trim hedge-fund investments and shift more of its portfolio in the industry to strategies such as macro and long-short equity funds. Tokio Marine & Nichido Fire Insurance Co., […]
Man team backs Bayswater hedge fund relaunch
The Guardian – Bayswater Asset Management, a computer-driven hedge fund shut down last year after big losses during the credit crisis, has relaunched after revamping its risk management controls, its new backers said on Wednesday. San Francisco-based Bayswater had initially […]