Monthly Archives: April 2009
Bill Miller Not Dead Yet With Value Funds Burying Quants in ’09
Bloomberg – Companies with the most debt and lowest returns on assets are turning the biggest six-week rally in stocks since 1938 into a bloodbath for last year’s best- performing trading strategy. Investors in so-called quantitative momentum funds — which […]
Bank of NY Says Global Hedge Fund Assets Will Reach $2.6 Trillion by 2013
West Palm Beach – (HedgeCo.net) – Hedge fund assets will bottom out at roughly $1 trillion in 2009, after which capital appreciation and $800 billion in net inflows over the next four years will push global levels to $2.6 trillion […]
Are Pension Funds the New Venture Capitalists?
Seeking Alpha – According to "Calpers Weighs Expanding Own Hedge-Fund Investments" by Jenny Strasburg and Craig Karmin (Wall Street Journal, April 16, 2009), the giant California pension fund may be the first stop for fledgling hedge fund managers who seek […]
Bay State firm is sued in Madoff scandal
Boston Globe – Investors of disgraced financier Bernard Madoff have filed 18 lawsuits against Massachusetts Mutual Life Insurance Co. in an effort to recoup $3.3 billion that its hedge fund group lost in the scandal. But the Springfield insurer is […]
Liberia buys back $1.2bn in debt
Moneybiz – Liberia has bought back $1.2-billion in government debt at a steep discount, the World Bank, which helped finance the buyback, said on Thursday. The impoverished African country has "significantly reduced its foreign debt" at a discount of nearly […]
Greenwich Investor Starts Advisory Firm in Stamford
American Chronicle – An investment professional from Greenwich with more than 20 years of experience is going out on his own by starting a Stamford-based advisory firm for small- to medium-size companies from here to Texas. Peter Schweinfurth, a former […]
Hedge Fund Fiction Bought by Faber
West Palm Beach (HedgeCo.net) – A new book set set in the world of hedge funds ‘This Bleeding City’, set against the global financial collapse, has been bought by Faber editorial director Walter Donohue. It is 30-year-old City trader Alex […]
We’re Not A Hedge Fund
Wall Street Journal – As regulators gear up to monitor private pools of capital more, private equity firms have a message they really, really want to get across: we’re not hedge funds. PE firms hope that they can educate regulators […]
World stocks head for 6th week of gains
Reuters – World stocks steadied on Friday but were still on track for a sixth consecutive week of gains, while the euro fell on worries about the region’s prospects. MSCI‘s main world stock index was flat despite modest gains in […]
JP Morgan backs out of toxic assets plan
Mail Tribune – The Treasury Department on Thursday defended the viability of its $1 trillion plan to get soured mortgage investments off of banks’ books after JPMorgan Chase’s chief executive said the company won’t participate in the program. Some analysts […]