Monthly Archives: January 2007
Hedge Fund RCB Indexes Up
HedgeCo.Net (New York) – RBC Capital Markets reported that for the month of December 2006 the RBC Hedge 250 Index had a net return of 1.41%. Bringing the year-to-date returnof the Index to 10.64%. These returns are estimated and will […]
Executive To Leave Position 2 Years After Hedge Fund Buyout
HedgeCo.Net (New York) – Cerberus CapitalManagement LP, the New York-based $16 billion hedge fund, announced that executive chairwoman Vanessa Castagna will leave her position Feb. 1, Rick Leto, president and chief merchandising officer forMervyns, will take over day-to-day management of […]
MFA to Host Premiere Program for Pensions, Endowments & Foundations
HedgeCo.net — WASHINGTON, D.C., January 18, 2007 — Managed Funds Association (MFA) will present its premiere program for pensions, foundations and endowments at the Association’s annual conference, Network 2007, February 11-13, at The Ritz-Carlton, Key Biscayne, FL. Pension, foundation and […]
Emerging markets steal show among hedge funds-data
Reuters – Hedge funds that specialize in emerging markets climbed 20.49 percent in 2006, according to new data, reminding investors of the out-sized returns that made these loosely regulatedportfolios famous just a few years ago. The average emerging market fund […]
Overseas investors drive one-quarter of local hedge funds
The Financial Standard – A new report into the hedge fund industry by specialist consultant John Glass and Rainmaker has found while the local hedge fund market is $22 billion, it’s becoming a big exporter with one quarter of the […]
Hedge fund regulation ‘long way off’
Business Report – The hedge fund market is potentially “a long way off” from effective implementation of new rules, according to Clade Investment Management director Carl Liebenberg. Liebenberg, whose company that jointly manages the South African Investable Hedge Fund Index […]
Fears over lending to hedge funds sparks probe by US and UK
MSNBC – Concern that booming lending to hedge funds may have led to a relaxation in credit standards has prompted US and European regulators to start the first joint investigation into whether banksand brokers are managing such risks appropriately. The […]
The hedge fund bezzle
BBC Business – It wasn’t a bad year for hedge funds. They rose 13.86% on average in 2006 – almost double what they made the previous year, according to the Credit Suisse/Tremont hedge fundindex. But that performance – which to […]
Hedge Fund Doubles Turnover by $229 Million
HedgeCo.Net (New York) – RAB Capital, the $5 billion hedge fund, doubled its turnover for the year to at least $229 million, while pre-tax profit soared 95% and assets undermanagement went up to $5.18bn. Assets under management as at 31 […]
Hedge fund’s co-founder defends pursuit of ideas
TimesOnline –Paul Marshall, the multimillionaire co-founder of hedge fund Marshall Wace, yesterday defended its controversial methodology, which relies on investment ideas supplied by City stockbrokers. In an interview with The Times, Mr Marshall, who is also a Liberal Democrat donor, […]
Liquidity Continues Flowing Upstream
Sometimes the markets don’t reflect what happened (a.k.a. the fundamentals), but who is buying and selling (a.k.a. supply and demand.) Tuesday’s rising Treasury bond prices and falling yields were more the result of Asian central bank-buying than a weak New […]
Hegde Fund Offers to Buy Out Near-Bankrupt Company
HedgeCo.Net (New York) – The hedge fund Farallon Capital Management, which owns 11% of shares in The Mills Corp., proposed pumping $499 million into the mall developer tohelp ease the company’s heavy debt and avoid putting it up for sale […]