Monthly Archives: January 2006
Banks relax Europe hedge fund credit rules
Reuters Italia – Fierce competition to attract European hedge fund fixed income securities business has led to looser credit quality controls by banks, a survey by U.S-based consulting firm GreenwichAssociates showed. Investment bank prime brokerage divisions offer hedge funds settlement, […]
Some hedge funds may pose stability risk
Reuters.uk – Hedge fund investments in less liquid assets such as private equity or property could be a potential problem for financial market stability, the Financial Services Authority said onWednesday. Overall, however, the chances that hedge funds with their significant […]
Swiss Cap aims for tenfold expansion in Asia
Finance Asia – Swiss Capital Alternative Investments (SCAI), the Hong Kong-based subsidiary of Swiss Capital Group, has disclosed ambitions to increase the size of its Asian Strategies Fund from $20million to $200 million. SCAI opened its Hong Kong office in […]
Oil prices surge back above $68 a barrel
MSNBC – Oil prices zoomed to a four-and-a-half month high above $68 a barrel Friday, rallying on supply fears tied to Iran’s tense diplomatic standoff with the West over its nuclear ambitions. Labor unrest in oil-rich Nigeria and new threats […]
Finance 80% of Trade Deficit
Safe Haven – Net foreign capital flows into the US slipped 1.4% to $89.1 bln billion in November from a revised $104.2 billion in October (initial was $106.8 bln). Although the $107 billioncomfortably exceeded the $64 billion record trade deficit […]
Hedge funds turn ‘prime’ brokerage into misnomer
Pittsburgh Post Gazette – In the prime-brokerage business, being the prime choice of hedge funds is becoming more of a challenge. As hedge funds grow in size, complexity and clout, many investment managers are finding that a single prime broker […]
Mutual Funds Build your own hedge fund
MSN Money – Last week’s turbulence in Japanese stocks — the Tokyo exchange closed briefly because of too many sell orders — reminds investors that hedging risk can providea better night’s sleep. Hedge funds, which are designed to produce investment […]
Activist investors force change on corporations
Seattle Post Intelligencer – Two months ago, a little-known investor demanded that the company that publishes The Miami Herald and The Philadelphia Inquirer be put up for sale. Just 14 days later,after several other investors made the same demand, the […]
Hedge fund firm RAB Capital’s assets, profits rise
Reuters – UK-listed hedge fund manager RAB Capital (RAB.L: Quote, Profile, Research) posted a 50 percent gain inassets under management on Friday, estimated a 43 percent pretax profit rise for 2005 and said it was confident about prospects for this […]
Hedge funds are about to become more visible
Arizona Daily Star – The hedge-fund industry has achieved considerable success selling investments designed to make money no matter how the stock market fares. So far, the relative handful of mutual funds using hedge-fund strategies has not made market inroads, […]
TCI wins top hedge fund industry award
Reuters.uk – The Children’s Investment Fund (TCI), which helped wreck Deutsche Boerse’s plan to buy the London Stock Exchange, has taken top honours in the European hedge fund industry for the secondyear running. TCI won trade publication EuroHedge’s 2005 Fund […]
First Gulf Bank launches Al Saqer hedge fund
Abu Dhabi-headquartered First Gulf Bank, which last week reported record net profits for 2005 of AED 1.06 billion, today launched its first open-ended, macro-strategy hedge fund – Al Saqer (TheFalcon) – to offer investors absolute return generation with low volatility […]