Monthly Archives: March 2008
Intech, Australian Asset Advisers Boost Hedge Fund Allocations
Bloomberg- Intech Investment Consultants, Ipac and Van Eyk, three of Australia’s biggest asset advisers, are recommending clients invest in “alternative” assets such as hedge funds to take advantage of volatile markets. Intech, Ipac and Van Eyk, which together advise on about […]
Hedge funds stem exits as credit lines tighten
LONDON (Reuters) – Hedge funds under pressure from a combination of tightening credit lines, illiquid investments and investor redemptions are increasingly moving to stem investor outflows, industry experts told Reuters on Thursday. An increasing number of funds are using gates […]
Professor questions tax breaks for funds
Charlotte.com- An academic credited with being an early critic of U.S. tax breaks enjoyed by private-equity firms and hedge funds has set his sights on a new target: investment funds run by foreign governments. Victor Fleischer, a law professor […]
PCM Green Power Fund launches on 1st April 2008
PCM Capital Management (“PCM”) is pleased to announce the launch of PCM Green Power Fund (“Fund”) on 1st April 2008. The Fund – with its Asian focus – is a pioneering Fund of “Green” Funds that invests in environmental and […]
Sex, Drugs and Fidelity
West Palm Beach (HedgeCo.Net) – Fidelity will pay $8 million to settle the embarrassing claims brought on by the SEC. At he head of the allegations are Vice Chairman Peter Lynch and former head trader Scott DeSano. The two men, […]
Darling Continues to Feel Pressure from Prominent Businessmen
West Palm Beach (HedgeCo.Net) – The attacks on Alistair Darling and his tax agenda keep coming in, this time from three influential businessmen. Michael Snyder, policy chairman of the City of London Corporation, Lord Brittan of Spennithorne, a former European […]
Hedge fund in battle over US rail company
Guardian- A London-based activist hedge fund today faced withering criticism from the US Congress, heralding an uphill battle as the fund attempts to force management changes at the US rail company CSX. The Children’s Investment (TCI), run by Christopher Hohn, […]
Bulldog seeks freedom of speech for hedge fund websites
Hedge Funds Review Magazine- Bulldog Investors, a group of hedge funds, has challenged the US Securities and Exchange Commission (SEC) in court over its prohibition of “open” websites for hedge funds. Philip Goldstein, who runs the Bulldog fund, says the […]
UBS May Have Dumped $24 Billion Alt-A Portfolio, Analyst Says
CNNMoney.com- UBS may have sold a portfolio of Alt-A securities worth 25 billion Swiss francs ($24.1 billion), according to an analyst at J.P. Morgan. UBS was "highly likely" to have sold the securities in a fire sale, according to J.P. […]
Investcorp Wins Awards For Best Hedge Fund Manager
West Palm Beach (HedgeCo.Net)- Investcorp was declared the Best Institutional Hedge Fund Manager at the second Hedge Funds World Awards, also winning the Special Merit Award. The awards, sponsored by Man Investments, are designed to recognise and celebrate companies and […]
Client of Hedge Fund Company To Lead Sales Efforts
West Palm Beach (HedgeCo.Net)- A client of Cutler Capital Management liked the investment style of the hedge fund company so much, that he came out of retirement to join the investment advisory firm as Director of Business Development. Allan M. Kline recently […]
Gore Invests $35 Million for Hedge Funds With EBay Billionaire
Bloomberg- Former U.S. Vice President Al Gore left the White House seven years ago with less than $2 million in assets, including a Virginia home and the family farm in Tennessee. Now he’s making enough to put $35 million in […]