Monthly Archives: January 2008
Managers confront baffling array of hedge funds
Reuters – Worried about tracking error risk in your portfolio? Do you know your performance attribution with your 130-30 fund? Or its dynamic leverage policy? To enhance your alpha generation, are you long beta or gamma? For portfolio managers looking […]
OMAM to close Prosper 80 fund of hedge funds
Investment Week- Old Mutual is closing its Prosper 80 fund of hedge funds after assets under management have dwindled. The group said it has also suspended trading on the product due to the separate problem of ‘administrative difficulties experienced in […]
Caxton hedge fund stops strategic investments
Marketwatch – The main hedge fund run by Bruce Kovner’s Caxton Associates L.L.C. has stopped making strategic, longer-term investments, according to two people familiar with the situation. The decision shows how the hedge fund industry’s foray into longer-term investing, such […]
Prominent hedge funds nurse heavy losses in 2008
Reuters- Recent stock market drops hurt some of the world’s most famous hedge fund managers, who have long attracted money with promises that they could sidestep even the worst conditions. Bruce Kovner’s Caxton Alpha Equity fund, Lee Ainslie’s Maverick Fund […]
Smiles disappearing in hedge fund land
Globe and Mail- You think you’ve got bad timing with your investments? Spare a thought, and maybe a prayer, for hedge fund manager Jim Allan. Back in the rosy hope of summer, which feels like a hundred years ago, Mr. […]
Fresh blow to banking as rogue trader costs French bank US$7.1-billion
Financial Post- French bank Societe Generale said fraud by a single trader had caused it a 4.9-billion euro (US$7.1-billion) loss and that it would seek emergency funds as a result, shocking battered markets. If fraud is proved, the loss will […]
Market falls hit hedge funds but throw up bargains
LONDON (Reuters)- Hedge funds with geared wrong-way bets in hot areas such as commodities and emerging markets are feeling the squeeze from market falls, but some top managers are using this opportunity to pick up stocks they like on the […]
New Valuation Standards May Affect Transparency and Fees
The Financial Accounting Standards Board (“FASB”) recently reaffirmed that companies, including investment managers, would be required to implement Statement 157, Fair Value Measurements (“FAS 157”), with respect to the valuation of financial assets and liabilities in fiscal years beginning after […]
Turkey Investment Fund Launch
West Palm Beach (HedgeCo.Net)- Strateji Asset Management this week announced a newly launched equity hedge fund, the VV Madaus Strategy Turkey. The new fund is Euro based with a 50.000 mimimum investment($73.000), a 1.5% management fee and a 10% performance […]
Hedge Fund Founder Sentenced for Fraud
New York Times- A founder of several Bayou Management hedge funds was sentenced to more than four years in prison Tuesday for a scheme to defraud investors. Judge Colleen McMahon in Federal District Court in Manhattan sentenced James G. Marquez, […]
Knight Charges Brit Hedge Funds
Forbes- It’s rather ironic that on a day that global markets suffered one of their worst routs since September 11, a group of top British hedge fund managers outlined their plans to improve the way they value their assets, and […]
REFILE-Hedge funds see big gains in distressed investing
Reuters- Distressed asset investing, which has been in the doldrums for years, is making a comeback among hedge funds, which predict the strategy could be a top performer in several years, investment managers told a hedge fund gathering on Tuesday. […]