Monthly Archives: June 2011
ETFs That Hedge and Diversify
MorningStar – After lackluster equity returns in the past 10 years, many investors are increasing their allocations to alternative investments. The world of alternative investment strategies is quite broad, but it generally means an investment that offers diversification benefits to […]
CalPERS redeems from hedge fund portfolio
HFM – The $233.6bn California Public Employees’ Retirement System (CalPERS), the largest public pension fund in the US, has made a series of redemptions from its hedge fund portfolio over recent months. The pension’s most recent financial statements reveal that CalPERS […]
Freight Traders Luring Hedge Funds to Expand Market
Bloomberg – The new freight derivatives trading screen from the Baltic Exchange, a 267-year-old bourse that sets global shipping prices, will attract hedge funds and expand the $24 billion market, Citigroup Inc. (C) and Cargill Inc. said. Baltex starts today after a […]
BNY Mellon Asset Management Names Alan Harden as CEO of Asia-Pacific
BNY Mellon Asset Management has announced the appointment of Alan Harden as CEO of Asia-Pacific. He will report to Curtis Arledge, vice chairman of BNY Mellon and chief executive officer of BNY Mellon’s Investment Management division, which includes the asset […]
Hedge Fund Commentary: Equity Market Pundits and Real Returns
New York (HedgeCo.net) – Hedge fund investor adviser, Hennessee Group LLC, has put out a new Whitepaper analyzing the historical relationship between inflation and equity prices dating back to the 1970’s. According to Hennessee Group’s research, the equity market, represented […]
SEC, not SAC Capital, is target of Senate probe
Reuters – U.S. Senate investigators digging into SAC Capital Advisors and its founder Steve Cohen have their sights on the Securities and Exchange Commission’s handling of a probe, and are not themselves launching an independent investigation of the hedge fund. […]
Nikkei up on short-covering by hedge funds, foreigners
Reuters – Tokyo shares on Tuesday snapped a three-day losing streak in which the market slid 3 percent, as hedge funds covered short positions and as foreigners bought back on cheap valuations, a factor that, some say, may support the […]
Active managers hit their limits
Financial News – Martin Gilbert, the chief executive of Aberdeen Asset Management, has said he expects to have to restrict new investment in his firm’s global equity strategy by the end of this year. Gilbert told Financial News: “We are […]
A Tale of Two Hedge Funds
Advanced Trading – Steven Cohen’s SAC Capital may be under federal investigation and a cloud of bad press, but new investments continue to pour into its coffers while its performance remains robust. According to a report by the Stamford Advocate , the […]
Brazil Hedge Funds Beat U.S. Competitors by Investing in Bonds
Bloomberg – They arrive every week, in ones and twos and groups of 10, some of them coming straight from Sao Paulo’s Guarulhos International Airport. These investors head for the dark-wood halls of Credit Suisse Hedging-Griffo as supplicants, asking to put […]
William Blair acquires Winnetka hedge fund
Chicago Tribune – William Blair & Co., an employee-owned investment firm headquartered in Chicago, is acquiring the Winnetka-based hedge fund founded by former UBS money manager Brian Singer. Singer, chief investment officer of his namesake firm, will join William Blair. […]
Strauss-Kahn Will Plead Not Guilty, Lawyer Says
Bloomberg – Former International Monetary Fund Managing Director Dominique Strauss-Kahn will formally deny charges that he sexually assaulted and tried to rape a Manhattan hotel maid at a hearing today, his lawyer said. Strauss-Kahn, 62, will enter a plea of not […]