Monthly Archives: April 2006
Hedge Funds Are Defying Soros, Gross Predictions: Matthew Lynn
Bloomberg – Too greedy. Too many of them. Too much competition. Those were just a few of the reasons why such financial gurus as George Soros and Bill Gross were telling us the booming hedge-fundindustry was running out of steam. […]
Dow Jones Indexes, AIG Financial Products Corp. Announce New Family Of Single Commodity Indexes
NEW YORK and WILTON, Conn. (April 4, 2006)â€â€Dow Jones Indexes, a leading global index provider, and AIG Financial Products Corp. (AIG-FP), a leader in financial derivatives products and a wholly owned subsidiary of American International Group, Inc. (AIG), today announced […]
Stratton Street Capital launched HX2 Hedge Fund
Stratton Street Capital announced the launch of HX2 Fund from thebeginning of April. It will be managed by Dominic McEwan and JeffAtherton, who together have over 40 years combined experience in theJapanese market. McEwan has managed the fund since its […]
Hedge funds brought under supervision of federal regulators
Charlotte Business Journal – New rules from the Securities and Exchange Commission, which went into effect earlier this year, required hedge funds with more than $30 million in assets, 15 or more investors and a lock-up period of less than […]
Halcyon sees comeback for cable
Reuters – Cable companies will beat out telephone companies in the fight to wire homes with media services, at least over the next 18 months, the chief investment officer of Halcyon Asset Managementsaid on Monday. John Bader, speaking at the […]
Close Bros buys into hedge fund firm Fortune
Reuters Italia – The UK asset management arm of investment bank Close Brothers said it has bought a majority stake in hedge fund company Fortune Group for an undisclosed sum, adding to similar dealsin the sector. Fortune, founded 10 years […]
GM sells majority of GMAC for $14B
Cincinnati Post – General Motors Corp. on Monday agreed to sell a majority share in its credit arm Monday, a defensive move analysts said would fund employee buyouts and help the beleaguered auto maker’s balance sheet. Cerberus Capital Management will […]
Coingate’s ‘dividends’ continue
Toledo Blade – Another premium increase for Ohio employers indicates that the state Bureau of Workers’ Compensation continues to stumble while trying to right itself in the wakeof the Coingate scandal.This is not good news for business and industry, which […]
Business Briefs: Institutions flock to hedge funds
San Antonio Express News – More institutions worldwide shifted money to hedge funds last year, with 44 percent allocating at least a tenth of their assets to the investment pools, State Street Corp.said in a survey. Most institutions, such as […]
Hedges provide a less bumpy course
Many investors would say that venture capital trusts are lower risk than hedge funds, but they would be wrong. A fund of hedge funds, run by an experienced fund manger who knows how to balance levelsof risk, can be far […]
Fledgling hedge funds struggle to raise assets
Finance Asia – Morgan Stanley’s survey of institutional investors finds they are pickier about hedge fund managers – and keener on Asia and Japan strategies. Growing up is never easy. A Morgan Stanley survey of global hedge fund trends, based […]
Deutsche Boerse Ex-Chief Seifert Attacks `Locust’ Hedge Funds
April 3 (Bloomberg) — Werner Seifert, who quit as chief executive officer of Deutsche Boerse AG less than a year ago, compares the investors who pushed for his departure to a plague of locusts in a book published today. Seifert […]