Monthly Archives: March 2006
No fees unless you make money
Seattle Times – Critics of mutual funds have long maintained that one big problem with the entire investment genre is that the money manager gets paid even when the fund falls short of expectations. But a brand new fund has […]
FSA to investigate hedge fund incentives
Reuters.uk – The Executive Committee of the fifth annual fundraiser sponsored by Hedge Funds Care and the San Francisco 49ers Foundation have raised their highest amount of funding to date.Approximately $864,980 was raised to support community-based nonprofits with services focused […]
Hennessee hedge fund group hit by ex-employee suit
Reuters – A prominent hedge fund consulting group being sued by former clients for having led them into the collapsed Bayou Group fund is now being sued by a former top executive, legal documentsshow. Leeana Piscopo filed a lawsuit in […]
Allstate looks to hedge funds to boost returns
Reuters – Allstate Corp.’s $125 billion investment fund is joining a growing list of pension funds that are investing in so-called portable alpha strategies in a move to boost overall returns, theinsurance giant’s chief investment strategist said this week. As […]
Helping hedge funds go mainstream
Financial Times – London’s rapid emergence as a hedge fund capital to rival New York and Greenwich, Connecticut, owes much to the friendly approach the Financial Services Authority has adopted to this industry. Yesterday’s proposal from the FSA that it […]
Kroll’s on the case
Rocky Mountain News – A private eye known for uncovering the hidden riches of Saddam Hussein may try to hunt down millions of dollars – including investments by former Denver Broncos – in an allegedhedge fund fraud. Kroll Inc., whose […]
Thomas Lee leaves firm he started, to run new ventures
Boston Globe – Billionaire Thomas Lee, who founded the Boston buyout firm Thomas H. Lee Partners LP 32 years ago, has stepped down to start another private-equity venture and expand his hedge fund. ”We’ve separated amicably, and I intend to […]
New fund could free investor from paying for bad management
Allentown Morning Call – Critics of mutual funds have long maintained that one big problem with the entire investment genre is that the money manager gets paid even when the fund falls short of expectations. So while management can talk […]
FSA Confirms Funds of Hedge Funds to be fit for UK Retail Market
The Alternative Investment Management Association (AIMA) – the global hedge fund and alternative investment industry association – has today welcomed the Financial Service Authority’s (“FSAâ€Â) recommendation to allow UK retail investors to invest in funds of hedge funds. The FSA […]
Hedge fund says Delphi’s outlook is artificially dire
MarketWatch – A hedge fund seeking an official voice for shareholders in Delphi Corp.’s (DPHIQ) bankruptcy case told a federal judge Tuesday the company was using old financial data that make its prospects look artificially dire. Appaloosa Management L.P., one […]
Irish regulator pulls plug on hedge fund
The Irish financial watchdog has ordered Dublin-domiciled hedge fund group Broadstone Fund Management to cease due to “serious regulatory issuesâ€Â. A spokesman for the Irish Financial Services Regulatory Authority told IPE it ordered the group – which operates three hedge […]
Pension officials defend strategy Hedge funds cut risk in portfoliio
Boston Globe – State pension officials defended their moves into hedge funds yesterday, presenting numbers showing the investments have reduced the risk in the portfolio of thousands of public-sector retirees. Secretary of State William Francis Galvin voiced concern on […]