Monthly Archives: March 2006
London Hedge Funds Pass US$225 Billion in 2005: IFSL –
Black Enterprise – Hedge fund assets managed from London grew 18% to US$225 billion, making the U.K. capital one of the industry’s fastest-growing centers, according to the 2006 edition of the International Financial Services, London hedge fund report. This news […]
Risky hedge fund dealings smash nest egg
Atlanta Journal Constitution – In a day that should have been stuffed with scrapbook memories for Calvin Paris, he met the man who has turned his life into a cautionary tale. Among the guests at his son’s wedding was Kirk […]
Angry CEO takes aim at short-sellers and cohorts
San Diego Union-Tribune – It didn’t take long once Utah’s Overstock.com became a publicly traded company for Patrick M. Byrne to show he is no ordinary company president. He quoted Chairman Mao in a letter to shareholders. He said investors […]
Stocks’ ratings shape Schwab’s Hedged Equity
Seattle Times – Schwab Hedged Equity Fund’s Vivienne Hsu bets on, and against, stocks according to ratings her firm assigns. Otherwise, she might not own Payless ShoeSource, the fund’s second-largestholding. Payless, which operates about 4,600 shoe stores, amounted to 3.4 […]
S&P- Convertible bond hedge funds star in February
Reuters – A growing recognition that convertible bonds are cheap combined with the busiest month for merger activity since early 2000 to boost hedge fund performance in February, Standard &Poor’s said on Thursday. S&P’s overall hedge fund index returned 0.8 […]
Pandit, Havens to Start Hedge Fund With $2 Billion (Update1) –
Bloomberg – Vikram Pandit and John Havens, former top executives at Morgan Stanley, plan to open a hedge fund next month after raising at least $2 billion from investors, said three people with knowledge of the decision. Old Lane LLC […]
UK Hedge funds laws to be relaxed
Scotsman – THE City’s financial watchdog will this week pave the way for hedge funds to be sold to small investors. It is currently illegal to market hedge funds to ordinary investors in Britain, but the Financial Services Authority is […]
Weill Protege Carpenter To Quit Citigroup
Forbes – Michael Carpenter, once a contender for the chief executive’s job at Citigroup, is quitting the company in May to start an alternative investments venture. Carpenter, 58, has been head of Citigroup Alternative Investments since getting shoved aside as […]
Last Atlantis Capital Management appoints Joe Burke as Managing Director
ST. THOMAS, USVI – Last Atlantis Capital Management, LLC (St. Thomas,USVI) announces the promotion of Joe Burke as the firm’s ManagingDirector of Trading. Mr. Burke assumes responsibility for the firm’strading operations. In addition to managing Last Atlantis’ trading staff, Mr. […]
McDermotts snatches SJ Berwin hedge funds specialist
The Lawyer – McDermott Will & Emery has poached SJ Berwin partner Nick Terras for its growing structured finance and hedge funds group. Terras, a specialist in structured finance and investment funds, is set to join McDermotts from SJ Berwin, […]
Morgan trio start $2bn hedge fund
Telegraph.co.ukThree defectors who quit Morgan Stanley last year when the firm was overtaken by management turmoil are poised to return to Wall Street after persuading investors to stump up more than $2bn (£1.1bn). The trio – Vikram Pandit, John Havens […]
Hedge funds cook up new ways of making money
Reuters.uk – Hedge funds are cooking up new strategies in the loans, oil derivatives and agricultural futures markets to satisfy investor appetite for higher returns, PSolve Alternative Investmentstold Reuters. An excessive number of players in traditional markets such as stocks […]