Monthly Archives: March 2009
Liongate Seeks $500 Million for Commodity Fund of Hedge Funds
Bloomberg – Liongate Capital Management LLP, a London-based firm managing $2.2 billion, plans to raise $500 million for a fund of commodity hedge funds. The Liongate Commodities Fund returned about 0.1 percent last year and 0.3 percent in January, when […]
Major pension scheme sticks by hedge fund move
Reuters UK – The nation’s second-largest pension fund, the Universities Superannuation Scheme (USS), said it was sticking by a medium-term plan to double exposure to alternative assets such as hedge funds and private equity. The 23 billion pound pension scheme […]
Andrew Lo On New Challenges For Investors
U.S. News & World Report – Andrew Lo, hedge fund manager and director of MIT’s Laboratory for Financial Engineering, is a long-time student of investor behavior, especially the sort that belies the notion that markets move with cool efficiency. Particularly […]
BlackRock Offers $500 Million IPO
West Palm Beach (HedgeCo.Net) – BlackRock Inc. has just launched a $500 million fund of funds IPO to be traded on the London Stock Exchange. The fund, Absolute Return Strategies, Ltd will aim to generate 6 percent over the 3-month […]
HSBC’s Vega Fund to buy Sing Lun
West Palm Beach (HedgeCo.Net) – Vega Co. Ltd has offered to buy Singapore based apparel manufacturer Sing Lun Holdings Ltd for $87 million. Vega Co, which is a wholly-owned subsidiary of The HSBC Private Equity Fund 6, is seeking to […]
Hedge fund drinks to pubs combination
Telegraph.co.uk – Marshall Wace, one of the City’s biggest hedge funds, is to continue pressing for a combination of the managed pubs businesses of Punch Taverns and Mitchells & Butlers despite last week’s withdrawal of a proposal to merge the […]
Asia hedge firms see distressed asset opportunity
Reuters – Hedge funds betting on the debt of troubled companies look set to feast after years of lean pickings in Asia Pacific as the global credit crunch tosses up a banquet of opportunities, industry players said on Monday. Macro […]
Hedge fund legends hit by financial crisis
Telegraph.co.uk- Even for the affluent residents of London’s Holland Park, the arrival in the area last year of Gerard Griffin, head of Tisbury Capital, was big news. Curtains twitched as a multi-million-pound refurbishment of his house began. Rather than buy […]
Hedge fund manager faces cocaine charge
ReportonBusiness.com- Hedge fund manager Matthew MacIsaac was near the end of a pre-St. Patrick’s Day party blitz when he allegedly bought cocaine for a woman at a Toronto after-hours club. Unfortunately for the 32-year-old executive at MM Asset Management Inc., […]
Man Group buys 50 percent of fund manager Ore Hill
LONDON- Reuters) Man Group, the world’s largest listed hedge fund company, will buy 50 percent of U.S. credit specialist fund manager Ore Hill, seizing on what it said was "significant opportunity" presented by the credit crisis. Man said on Monday […]
Lack of takeovers pinches arb hedge funds
Globe and Mail- Hedge funds that make money by speculating on the success of takeovers may be the next round of casualties in the industry, not because of bad bets but because of a lack of anything to bet on. Bloomberg News is […]
Pentagon Capital sees complaint filing against CEO
LONDON (Reuters)- Hedge fund firm Pentagon Capital said Thursday it suspended its funds because it expects the U.S. Securities & Exchange Commission (SEC) to file civil complaints against Chief Executive Lewis Chester. Pentagon, which manages 1.1 billion pounds in assets […]