Author Archives: the HedgeCo News Team
Who Charges More – Mutual Funds or Hedge Funds?
Seeking Alpha – Pop Quiz: Which are more expensive, hedge funds or mutual funds? Sounds like a pretty dumb question, right? Well as regular readers will know, this question is actually central to our views here at AAA. Over two […]
Is UBS Calling the End of Universal Banks?
The Money Times – Last year, I read an article in which David Herro outlined his rationale for owning shares of UBS in his Oakmark International fund. He focused on the value of its wealth management unit, which delivers stable […]
Prudential name Harvey McGrath as new chairman
Glasgow Daily Record – Insurers Prudential yesterday named the former boss of the world’s largest listed hedge fund manager as their new chairman. Harvey McGrath, 55, will join the board on September 1 and take over from Sir David Clementi […]
Index eyes bargains in biotech
Reuters UK – Bombed-out valuations present an unprecedented buying opportunity in the European biotech sector, according to venture capital firm Index Ventures, which is eyeing both early and late-stage opportunities. "It’s like being in a candy shop," partner Francesco De […]
Comedic relief with hedge fund humour
Globe and Mail – Hedge-fund manager Ben Shoval, wearing a green Thomas Pink shirt and a $1,600 Giorgio Armani suit, grabbed the microphone last week at New York’s Broadway Comedy Club to riff on his day job. The 31-year-old hedge […]
Barclay Managed Funds Report Now Available
West Palm Beach (HedgeCo.net) – Research and Markets has announced the addition of the "The Barclay Managed Funds Report" subscription to their offering. Published quarterly, for the last 17 years, the Barclay Managed Funds Report provides industry professionals with information […]
MAM Launches Hedge Fund-Like Returns Strategy
West Palm Beach (HedgeCo.net) – California based Martin Asset Management (MAM) is replicating hedge-fund-like returns and risk factors through its ETF strategies without the heavy fees, lockups and non-transparent holdings, the boutique alternative investment firm said. "Our approach allows investors […]
CDS counterparty risks serious threat to global financial markets
Hedge Funds Review Magazine – Greenwich Associates conducted a study of 146 institutions in North America and Europe to determine how fears of counterparty risk were affecting institutional investment and trading strategies. The study revealed that 37% of participating institutions […]
Cuomo Pressing Major Banks in ARS Probe
New York (HedgeCo.Net) – Less than one week after UBS and Citigroup were called upon to buy back over $30 billion in bad auction-rate securities, New York Attorney General Andrew Cuomo is forcing JPMorgan, Morgan Stanley and Wachovia to follow […]
UBS Writes Down Another Subprime-Related $6 Billion
New York (HedgeCo.Net) – Writedowns from major banks have reached the $500 billion mark, only one year after the subprime fallout forced mortgage-backed securities to plummet in value. And it’s not over. Some economists estimate that number will ascend upwards […]