Monthly Archives: January 2006
Endesa hedge fund shareholders call for end to ‘poison pill’
MADRID (AFX) – At least three Endesa SA hedge fund shareholders with a total of around 5.5 pct of the company are prepared seek the removal the ‘poison pill’ clause from the utility’s statutes, La Gaceta de los Negocios reported, […]
Where Have All the Bubbles Gone?:
Slate – This season’s stock-market mystery is: The Case of the Declining Volatility. Volatilityâ€â€the degree to which stocks move in any particular directionâ€â€is strangely absent on Wall Street. The DowJones Industrial Average closed the year down 0.61 percent, the smallest […]
Hedge Funds Still Outperforming
Hedge fund performance last year was less than stellar, but managers, in the aggregate, were still able to outperform the broad market averages. That’s what they’re paid for — although those pay packages will leave investors with less. The CSFB/Tremont […]
The Hedge Fund Report: Fighting for Korea Fund
Hedge fund activists are becoming more involved in the life of companies where they own a stake. When the company is a closed-end fund, some go as far as recommending changes in the investment strategy. The latest example is David […]
Fewer hedge fund managers see stock gains in January
Hedge fund managers are less optimistic that U.S. equities will rise in January compared to previous recent months, a survey of 20 hedge fund managers released on Tuesday found. The monthly Greenwich-Van Advisors LLC survey of hedge fund investor sentiment […]
Gold May Extend Gains for Sixth Year as Hedge Funds Diversify
Bloomberg – Gold prices may extend gains for a sixth year in 2006 as hedge funds buy the precious metal to diversify from stocks, bonds and currencies. The price of bullion may rise 18 percent to average $525 an ounce, […]
Japanese M&A hits 6-year high with mega-deals ahead
Reuters – Deal-making in Japan quickened to a pace not seen in six years in 2005, and bankers expect more multi-billion dollar mergers early in 2006 as firms seek to boost sales through acquisitions in a blossoming economic climate. The […]
Funds and investors paint bullish picture for gold & precious metals
Hedge funds and investors firmly established themselves as precious metal bulls yesterday with all four metal posting solid gains on the first full day’s trade of 2006. The dollar in contrast went in the opposite direction; largely due to speculation […]
Family firms join hunt for the rich
Beneath a pine-fringed park in Gig Harbor, Washington, on the banks of Puget Sound, George Russell is hunting for the very rich. Russell, 73, runs Threshold Group, an investment boutique catering to some of the most exclusive and sought after […]
A Fund for All Seasons
AIM Global Equity Fund’s Derek Izuel searches the world for stocks that “outperform in all kinds of markets” Derek Izuel, portfolio manager of the $409 million AIM Global Equity Fund/A (GTNDX ), says he is always looking for ways to […]
Hedge Funds Get Clipped Slim gains and scandals turn off investors
Think hedge funds mint money? Consider this: The Standard & Poor’s hedge fund index posted gains of just over 2.4 percent in 2005–after meager gains of 3.6 percent in 2004–or about half the performance of the S&P 500. That track […]
Hedge Fund Feasts on Famine
David and Eugene Grin built a major business for themselves selling last-ditch loans to troubled companies. But with returns slipping, some wonder if their Laurus Family of Funds can continue fattening itself at the bottom of Wall Street’s food chain. […]