Monthly Archives: March 2007
Survey Shows US Hedge funds to Hold $1,200 Billion In Assets
New York- The biannual survey of US hedge funds shows that 241 firms, each managing more than $1bn, held a combined total of nearly $1,200bn as of January 1. According to a new survey conducted by Absolute Return magazine, money […]
Markets-Hedge funds get the lighter touch
The President’s Working Group on Financial Markets (PWG) has released a set of principles and guidelines for US regulators in their handling of hedge funds and privateequity organisations. These have moved away from the US norm of tight, formal regulations […]
Mutual Funds Get Busy Signal From Analysts Chasing Hedge Funds
March 5- Steven Roukis, who helps manage $1.7 billion for Matrix Asset Advisors Inc., says he often spent as much as half an hour on the phone with Wall Street analysts five years ago. Today, Matrix handles twice as much […]
Hedge funds are the new activists
Last week was a pretty typical one for corporate activity: an investment bank was subject to a call for break-up; an investment trust escaped an attempt to unseat its board; a media company ditchedits chairman and chief executive. And central […]
Hedge Fund Manager Merger Creates the World’s No 2 Visitor Attraction Company
Some of the biggest brand names in the global theme park market today announced a partnership of two rapidly growing businesses, The TussaudsGroup and Merlin Entertainments Group, making them the world’s secondbiggest attractions operator after Disney.Merlin EntertainmentsGroup is known for […]
High Fees Reduce the Attractiveness of Hedge Funds
A recent study on the effect of the fees that hedge funds charge, “Portfolio Efficiency With Performance Fees,†was conducted by Mark Kritzman, president and chief executive of Windham Capital Management, a Boston-based money management firm. Mr. Kritzman’s article shows […]
Hedge funds more bearish on dollar- stocks-survey
NEW YORK, March 1 (Reuters) – More hedge fund managers are turning bearish on prospects for the U.S. dollar and U.S. equities, and see prices falling for both sectors this month, a survey released onThursday showed. The monthly sentiment survey, […]
Johnson Taps Into Hedge Fund Of Funds
Billionaire and Black Entertainment Television founder Robert L. Johnson has formed a new yet unnamed fund company with African American asset managers in mind. Johnson says his new hedge fund venture with Deutsche Bank AG is designed to create opportunities […]
Investment trust pioneer to launch closed-end fund of hedge funds
F&C, whose flagship Foreign & Colonial Investment Trust was the first such investment vehicle of its type, has announced plans to give investors access to a portfolio of hedge funds through a new listed investment company. The launch, which combines […]
Disclosure Ruling Has Hedge Funds Retreating
New York – Judge Allan Gropper of the U.S. Bankruptcy Court in New York this week ordered a group of hedge funds that were demanding the formation of a shareholders committee to disclose all of their holdings in the airline, […]
Citigroup Exec Quits to Launch Hong Kong Hedge Fund
New York – Ajay Kapur, a top Citigroup executive is leaving the firm to found his own hedge fund, according to reports. Kapur is returning to Hong Kong, where he has residency rights, to set up a hedge fund called […]
Abax to be milestone for Asian hedge funds
Greece – The first start-up independent Asian hedge fund to begin with more than $1bn is expected to launch in the coming weeks, people familiar with the situation said, signalling a watershed for the asset class in the region. The […]