Monthly Archives: March 2008
Hedge Fund Firm Readies Environmental Fund Of Funds
FINalternatives- Hong Kong-based alternative asset management firm PCM Capital Management is gearing up to launch a green-focused fund of hedge funds on April 1. The new vehicle, the PCM Green Power Fund, will have an Asian focus and invest in […]
Och Ziff hedge funds gain ground in February
Reuters- Hedge fund firm Och Ziff Capital Management Group scored modest gains in its four funds last month at a time when many other hedge funds ran into trouble and posted losses. The OZ Asia Master Fund Ltd returned 1.82 […]
Hedge Funds Frozen Shut
BusinessWeek- There’s a chill spreading across the hedge fund industry. With more portfolios falling victim to the credit crunch, managers by the dozen are freezing investor redemptions, preventing a mad rush to the exits that would force funds to sell […]
Top U.S. Hedge Funds
CNBC- Top hedge fund assets surpassed the $1.6 trillion mark at the beginning of 2008, according to a recent survey. And venerable firm JPMorgan remained at the top of the growing heap. Assets of the biggest U.S. hedge funds in […]
Lipper’s First Hedge Fund Awards
West Palm Beach (HedgeCo.Net)- Lipper’s first Hedge Fund Award winners were announced yesterday, over 3,600 funds were eligible for the eighteen awards across the European and Offshore fund domiciles. A total of fifteen portfolio managers were rewarded, with Thalia SA, […]
Millennium Buys Ex-JPMorgan Hedge Fund
West Palm Beach (HedgeCo.Net)- Hedge fund manager Millennium Capital Management announced the acquisition of Castlegrove Capital, a London based multi-strategy hedge fund active in global equity markets. Castlegrove was set up by three ex-managing directors of JPMorgan’s Global Equity derivatives […]
Hedge funds eye massive expansion in Middle East
GulfNews- The top echelons of the global hedge funds industry discussing the outlook at the ninth annual Hedge Funds World Middle East Conference in Dubai yesterday said that despite the challenges faced by industry due to the credit crunch it […]
JP Morgan raises cash for Blue River muni fund
Reuters- A Blue River municipal bond fund whose heavy selling battered the market last week on Monday got new cash, according to JPMorgan, which said it had persuaded new and existing investors to invest. Blue River was was one of […]
European Family Offices Look to Hedge Funds
Black Enterprise- Europe’s wealthiest families are planning to shift their investments further away from traditional assets into alternatives such as hedge funds and commodities, according to a new report. The survey of European single family offices conducted by wealth management […]
Brevan Howard Plans Launch Of New Listed Hedge Fund
CNN Money- Brevan Howard Asset Management LLP said Wednesday it is considering the launch of a new hedge fund, BH Global Limited, which will be listed on the London Stock Exchange. BH Global "will provide investors with exposure to a […]
U.S. fund accused of fraud linked to subprime
WASHINGTON (Reuters) – A Salt Lake City hedge fund adviser and its principals were charged with using much riskier trading strategies than described to investors, resulting in the near-total loss of assets in two funds, the U.S. Securities and Exchange […]
Top hedge funds trimmed Microsoft holdings in 4th Quarter
NEW YORK (Thomson Financial) – A study of the top 25 holdings of the largest hedge funds showed investors pared their holdings of Microsoft Corp. by about 30% during the fourth quarter, according to Thomson Financial Proprietary Research. Funds also […]