Monthly Archives: April 2006
Gold works as a hedge against inflation
Gold recently touched a 25-year high, and while it has backed off its peak, experts say a major decline is unlikely. Still, with money pouring into exchange-traded funds pegged to gold, you might wonder whether your portfolio could use a […]
Cambridge hires State Street hedge fund expert
IPE.com 5/Apr/06: US – Consulting firm Cambridge Associates has former StateStreet’s Charles Cassidy to the new role of director of operational due diligence for its hedge fund group. The group identifies and screens hedge fund managers and creates customized hedge […]
Hedge funds shifting to benchmark performance
LONDON (Reuters) – Investors are pushing hedge funds towards the use of relative rather than absolute measures of performance, which could create pressure on fees, hedge fund industry figures said. Hedge funds, which can use tools such as derivatives and […]
New Focus in Refco Inquiry
Federal investigators and lawyers looking into the accounting fraud that led to the brokerage’s collapse have been asking questions about a defunct investment fund managed by Eric M. Flanagan, called Delta Flyer Fund LLC. They want to know what role […]
Hedge fund activism seen rising
LONDON (Reuters) – Powerful hedge fund investors will increasingly seek a bigger say in the running of companies they invest in, says Sid Shamnath, an investment manager for Titanium Capital. Shamnath, a manager of Titanium’s Global Event Driven Arbitrage Fund, […]
Hedge funds deny having too much of a good thing
LONDON (Reuters) – Hedge fund industry figures dispute the idea that a flood of money into the sector from pension plans and other clients is cutting overall returns by overcrowding the market, saying recent economic conditions are the main culprit. […]
Hedge funds helping sustain small-cap rally
NEW YORK (MarketWatch) — Hedge funds are emerging as one of the key drivers behind the unexpected, enduring strength of small-capitalization stocks, a sector that has baffled observers by rallying since October, 2002. While hedge funds have fueled the rally, […]
Caledonian Fund Services Launches US Onshore Fund Administration Practice
Cayman Islands, April 2006. – The Caledonian Group is pleased to announce the expansion of its US operations with the launch of Caledonian Fund Services (USA) LLC, which will be headquartered at 401 S. LaSalle Street, Chicago, Illinois. Caledonian Fund […]
Trust overhaul opens door to hedge funds
Investment trusts are to be shaken up under proposals from the Financial Services Authority that could allow UK investors direct access to hedge funds. In a consultation paper on the revision of its listing rules last week the FSA is […]
Inflows not weakening hedge fund returns
LONDON (Reuters) – Hedge fund returns have hit speed-bumps in recent years, but the sector cannot blame a mass inflow of money from institutions for causing weak performance, a senior HSBC executive said on Wednesday. Hedge funds, which have assets […]
Hostile hedge fund seeks to force way onto Acxiom’s board
LITTLE ROCK – A Silicon Valley hedge fund that failed twice last year to take over Acxiom Corp. now seeks to wrest control of the Arkansas company by electing three new directors to its nine-member board, according to information from […]
Private equity battles with hedge funds in Japan
TOKYO/HONG KONG (Reuters) – Private equity firms struggling to find reasonably priced assets in Japan are increasingly settling for smaller stakes in companies — pitting them against souped-up hedge funds in competition for deals. While buyout funds are usually loath […]