Monthly Archives: June 2010
India not a big hedge fund region: Eurekahedge
Economic Times – In an interview with ET Now, Farhan A. Mumtaz, analyst, Eurekahedge, talks about the performance of hedge funds in India and global markets. Excerpts: How are India hedge funds doing now because year to date until April, […]
Hedge funds focus on capital preservation
Reuters – European hedge funds are focusing their energies on not losing clients’ money, rather than delivering huge gains, as they brace themselves for a potentially volatile summer after May’s big losses. Executives at the annual GAIM hedge fund conference […]
Libya sets up London hedge fund to train financial experts
The Independent – The Libyan government is backing a new London hedge fund with hundreds of millions of dollars, as the Arab state seeks to diversify its economy away from oil and train a generation of investment professionals in the […]
Dow Jones Adds Veteran Hedge Fund Manager to Investment Banking Team
New York (HedgeCo.net) – Dow Jones has added 17 year hedge fund veteran Michael White to their Investment Banker’s dedicated editorial team. The team provides opinion and analysis on global industries, including M&A, capital raising, regulatory changes, and venture-capital and […]
Hedge Fund Fraudster Claims Ties To Beer Baron Royalty
New York (HedgeCo.net) – Hedge fund manager Guy Albert de Chimay was arrested during the weekend in North Carolina and charged with securities fraud. Chimay, who claimed he was directly related to Belgian royalty (of the Chimay brewed by Trappist […]
Hedge Funds Cutting Bullish Oil Futures Bets: Energy Markets
Bloomberg – Hedge funds cut their bets on higher oil-futures prices to a 10-month low as U.S. economic reports signaled fuel demand is diminishing. Speculative net-long positions, or wagers that prices will increase, in crude futures declined 30 percent to […]
UCITS Hedge Funds Still Up 0.8% After Week of Losses
New York (Hedge Co.net) – The UCITS Hedge Fund Strategy Index is still up by 0,08% in June 2010 (by business day 10, June 14th 2010) after a week full of losses. Out of the eleven strategies only two were […]
Hedge Funds Dodge European Proposal With ‘Newcits’
Bloomberg – Guy Hurley said he’s not sweating European plans for new hedge-fund rules after leaving Bank of America Corp.’s Merrill Lynch & Co. a year ago to start an onshore fund that uses strategies such as merger arbitrage. “It’s […]
Man Group Won’t Make Significant Purchases After GLG
Bloomberg – Man Group Plc, the largest publicly traded hedge-fund firm, doesn’t expect to make “significant” acquisitions after its purchase of GLG Partners Inc., Chief Executive Officer Peter Clarke said. “It is effectively job done for our liquid trading strategies,” […]
UAW Fund: $45 Billion For Investing
WSJ – So far, the goal is to make the fund more conservative and liquid, which means scaling back so-called alternative investments that came with the car makers’ assets. These include $2 billion in five hedge funds of funds, $380 […]
Madoff Feeder Fund Claims Should Be Denied, SIPC Tells Court
Bloomberg – Investors who put money in hedge funds that fed money to Bernard Madoff’s business should be denied claims for repayment because they weren’t direct customers of the con man’s firm, the Securities Investor Protection Corp. said in a […]
Blackstone’s Wien Says Hedge Fund Returns May Halve
Bloomberg – Byron Wien, vice chairman of Blackstone Group LP’s advisory services division, said hedge fund returns may shrink by half as firms seek to protect investors’ capital. Returns may drop to 10 percent from 20 percent as funds lose […]