Monthly Archives: March 2008
Ireland’s pension fund to exclude munitions-report
DUBLIN (Reuters) – Ireland’s National Pensions Reserve Fund plans to withdraw 27 million euros (21 million pounds) of investment from six firms involved in the production of cluster munitions, Irish media reported on Wednesday. The NPRF, charged with securing funds […]
Australian Hedge Funds Reject Manipulation Claims
Bloomberg- The Australian hedge fund lobby rejected allegations that its members manipulated stock prices and said it supports greater disclosure when investors sell borrowed shares. The Australian chapter of the Alternative Investment Management Association, which represents more than 60 hedge […]
Hedge funds increase pressure on Hypo Real Estate management
FRANKFURT (Thomson Financial)- Hedge funds are increasing pressure on Hypo Real Estate Holdings AG’s management after the real estate financier’s share price slumped in the past two months, weekly Capital reported in its online edition citing a hedge funds representative. […]
Polar picks up stocks from distressed hedge funds
LUXEMBOURG (Reuters)- Fund boutique Polar Capital said on Tuesday it has been buying up mid and small-cap stocks from hedge funds forced into distressed sales, and sees further forced selling this year as tough conditions prevail. The comments from Polar […]
Fewer funds launched in 2007 than in 2006-data
Reuters- Fewer hedge funds were launched last year than in 2006, according to new data released on Wednesday that seems to suggest it is getting increasingly difficult to start these loosely regulated portfolios. Data compiled by Hedge Fund Research, which […]
Martin Currie launches fund of hedge funds
CityWire.co.uk- Edinburgh-based Martin Currie is to launch a fund of hedge funds next month. The Martin Currie Omnium Fund, which will be available in April, will blend the firm’s current range of hedge funds within a single vehicle and have no additional […]
Delphi Probes Hedge Funds to Uncover Short-Selling
West Palm Beach (HedgeCo.Net) – Delphi is going forth with investigations to reveal whether or not the hedge funds supporting their $6.1 billion refinancing did in fact, short their stock. The bankrupt auto-parts maker has accused members of Appaloosa […]
Northern Rock to trim third of staff
AP – Northern Rock PLC will slash one-third of its staff and cut its home loans book by half as it phases out financial support from the government over the next three to four years, the British lender said Tuesday. […]
State Street to Replicate $200 million worth of Hedge Funds
West Palm Beach (HedgeCo.Net)- State Street Global Advisors, worth $2 trillion in assets, has been appointed by Universities Superannuation Scheme to manage a $200 million hedge fund replication mandate. According to studies, 85% of returns by the average fund of hedge […]
Sovereign funds steer clear of Wall St
HONG KONG (Reuters)- Absent from a last minute deal to scoop up Bear Stearns on the cheap was an investor group that’s spent a lot of money on Wall Street lately. Sovereign wealth funds appear to have steered clear of […]
Turmoil a boon for fund service providers
LUXEMBOURG (Reuters) – Goldman Sachs’ asset management division posted record first-quarter results on Tuesday despite high-profile hedge fund woes and executive departures last year, but customer money poured out of some hard-hit funds. Asset management revenue rose 23 percent to […]
Goldman asset management up despite hedge fund woes
NEW YORK (Reuters) – Goldman Sachs’ asset management division posted record first-quarter results on Tuesday despite high-profile hedge fund woes and executive departures last year, but customer money poured out of some hard-hit funds. Asset management revenue rose 23 percent […]