Monthly Archives: March 2010
MFA inks partnership with yet another hedge fund group
Investmet News – The Managed Funds Association is teaming up with the Texas Hedge Fund Association, marking the MFA’s third announced partnership in as many months. The MFA, the hedge fund industry’s premier trade association, has made regional alliances a […]
Fund Manager Gartmore Says Business Rebounding
WSJ – Gartmore Group Ltd., the hedge-fund and mutual-fund manager that listed its shares on the London Stock Exchange in December, reported a drop in operating earnings for 2009 but said its business is firmly on the mend and has […]
Firing the $70 billion man: Full version
CNN Money – On November 19, 2009 Jeffrey Gundlach was named a finalist for Morningstar’s award for bond fund manager of the decade. For Gundlach, the nomination recognized 10 years of stellar results, exceeding even the returns of the legendary […]
Hedge-Fund Losses Show Euro’s Drop Fails to Benefit All Traders
BusinessWeek – Hedge funds that trade currencies are taking hits from politicians casting them as speculators out to sink the euro and push Greece into insolvency. They are also losing money. Macro funds, so named because they try to profit […]
ABC Quant Launches a New Risk Management Platform Powered by Morningstar’s Hedge Fund Database
Sydney (Press Release) – ABC Quant, LLC, a leading provider of risk management analytical solutions for the hedge fund industry, today announced that it launched Quant Suite Morningstar edition, which offers a broad choice of risk management and portfolio allocation […]
Eurekahedge: Hedge funds up 0.52% in February
New York (HedgeCo.net) – Hedge funds returned to positive territory in February 2010, according to a preliminary Eurekahedge report. There were approximately 90 hedge fund launches globally in 1Q2010. With arbitrage hedge funds delivering 15 consecutive months of positive returns, […]
Minnesota Hedge Fund Manager Petters May Face Double Madoff Term
New York (HedgeCo.net) – U.S. prosecutors yesterday recommended a sentence of 335 years in prison for hedge fund founder Thomas Petters, more than twice the term given to Bernard Madoff, according to Bloomberg. Petters was charged with mail and wire […]
OSC rules Norshield hedge fund misled investors
Globe And Mail – Two former executives of collapsed hedge fund Norshield Asset Management (Canada) Ltd. knowingly misled investors, failed to keep proper books and made misleading statements to investigators, an Ontario Securities Commission panel has concluded. In a ruling […]
SEC looking for hedge fund talent
Crain’s – Just as hedge funds are celebrating another month of positive inflows and marginal performance gains, the Securities and Exchange Commission is gearing up add more than 30 new investigators to its New York office—to focus on such firms. […]
Investors Shun Fund of Funds for Higher Hedge Gains
Barclays – The migration of money away from fund of funds and directly into the hedge fund space indicates investors are being drawn by the recent successes in the industry, which look set to continue, according to market analysts. The […]
Greece urging US to better regulate hedge funds
AP – Greece is urging the United States to step up regulation of hedge funds that Athens blames for making Greece’s economic crisis worse. Finance Minister George Papaconstantinou told The Associated Press on Monday that he was also seeking advice […]
Big Hedge Funds Heart New York
Forbes – In the tussle for dominance between the world’s two big financial capitals, New York and London, the Yanks are winning in the battle to attract the biggest hedge funds. While the number of hedge funds with more than […]