Monthly Archives: June 2006
Fimat to stay with hedge funds in emerging markets
Reuters – Hedge funds will not walk away from the potential of emerging markets despite the recent rout, and neither will the banks who facilitate their trading, FIMAT International’s head of primebrokerage told Reuters. Banks’ prime brokerage divisions offer custody, […]
That Hedge Fund May Be More Than a Flash in the Pan
New York Times -CAN hedge funds beat the market? Many of them do so for short periods, of course, but a number of academic studies have generally found that such market-beating funds rarely stay at the top of the rankings […]
Don’t panic when faced with a fund slump
Asbury Park Press – Nothing chills congenial feelings between a money manager and his investors faster than a cold streak. Years of admiration and satisfaction can fade in an amazingly short time when the manager’s performance falters … even if […]
Vilified by some, activist investors promote market efficiency
Greenwich Time – In the buttoned-up world of Wall Street, some of the most entertaining reading emerges from the regulatory filings of hedge fund activists. Take the recent musings of Stamford-based Dolphin Limited Partnership in its unsuccessful quest to oust […]
Dow Jones Indexes to change Dow Jones Target Date Series
WEST PALM BEACH, FL (HEDGECO.NET) – Dow Jones Indexes, a leading global index provider, today announced a change to the Dow Jones Target Date Index series, the first of its kind that seeks to measure the performance of balanced and […]
Bayou Bankruptcy
WEST PALM BEACH, FL (HEDGECO.NET) – The Connecticut-based hedge fund, Bayou Group, filed bankruptcy in the United States Bankruptcy Court in New York under a Chapter 11 petition. They listed morethan $100 million in assets and an equal amount in […]
Global Advisors opens new commodity funds
LONDON (Reuters) – Investment manager Global Advisors has launched two new commodity futures funds to meet strong demand from institutional investors, who now see the sector as a separate asset class. Commodity markets have slipped in the past couple of […]
Mirant should put itself up for sale, $2 billion activist hedge fund
SAN FRANCISCO (MarketWatch) — Pirate Capital LLC questioned Mirant Corp.’s efforts to acquire rival NRG Energy Inc. and said the company should instead put itself up for sale, according to a Securities and Exchange Commission filing by the activist hedge […]
Hedge fund firm sues to recover money for investors
Bayou Group, a collapsed hedge fund company whose founders pleaded guilty to fraud, has sued to recover funds for investors who lost money during the crime. The company has filed four complaints against investors who received payments from phony profits […]
Hedge Fund Industry’s Dirty Little Secret – TheStreet.com
Many are trying to understand or explain the synchronized decline in stocks, bonds and commodities in May. My explanation: It is the hedge fund industry’s dirty little secret. A long time ago, hedge funds were predicated on superior stock picking. […]
Autostrade-Abertis merger may face oposition by group of hedge funds
MILAN (AFX) – A group of hedge funds, including Children’s Investment Fund, are ready to oppose Autostrade SpA’s current plans to merge with Abertis Infraestructuras SA to obtain better terms for minorities, the daily Il Sole 24 Ore said without […]
ECB warns of hedge funds’ risk to stability
Hedge funds have created a “major risk” to global financial stability for which there are no obvious remedies, the European Central Bank warned on Thursday in one of the bluntest official statements yet on the rapidly growing sector. In a […]