Author Archives: the HedgeCo News Team
New hedge fund float offers coup for London
Times Online -Brevan Howard, the hedge fund manager, is poised to float a new permanent capital vehicle in London, pitting the City against Amsterdam. BH, which manages $11 billion (£5.7 billion), is planning the flotation of a new fund along […]
Management buys $9bn Baer boutique
MSN MoneyCentral – Julius Baer has sold its $9bn London fixed-income investment boutique to management, just 18 months after the Swiss bank bought the far larger Global Asset Management from rivalUBS. The newly independent division – rebranded as Augustus Asset […]
City Pensions May Be Put in Hedge Funds
New York Sun – The city comptroller, William Thompson Jr., is in the final stages of studying whether the city’s five pension funds should start investing in hedge funds. The comptroller raised the possibility of the change in investment policy […]
Reuters Becomes AIMA Sponsoring Member
London 11th January 2007, AIMA, the global trade association for hedge funds announces that Reuters has become AIMA’s sixth global sponsoring member. Reuters, including Lipper and Lipper HedgeWorld, will initially join in eight important financial centres; London, New York, Hong […]
HFN Reports 2006 as Good Year for Hedge Funds
HedgeCo.Net (New York) – Early estimates from HFN Hedge Fund Aggregate Average shows plus 1.36% in December and finished 2006 at almost plus 12%. Although trailing theS&P 500 TR’s +15.80%, 2006 was the best year for hedge funds since 2003 […]
US and Europe Conduct Joint Probe into Hedge Fund Lending
HedgeCo.Net (New York) – US and European regulators are conducting a joint probe into banks and securities firms to see if they are setting careful limits when lending tohedge funds. Officials want to know how much margin banks require hedge […]
Multi-manager funds seen growing in Asia
Reuters UK – Demand for multi-manager funds is increasing in Asia and has been a fast-growing area of fund investments globally as investors seek better returns, a top HSBC fund manager said onWednesday. Unlike single-manager funds, multi-managers employ an investment […]
Ex-US Treasury’s Snow expects hedge fund monitoring
Reuters – Former U.S. Treasury Secretary John Snow said on Tuesday he expected the leaders of the global economy would try to find a way to monitor hedge funds without imposing heavy-handedregulation on them. “The issue here is finding the […]
L&G hires senior hedge fund executive
Reuters UK – The investment arm of Legal & General said on Monday that it has appointed former hedge fund executive Ian King to revive its European active equity team after staff exits last year. King will hold the post […]
Hedge Fund Team Goes Mainstream
The hedge fund and mutual fund worlds seem to occupy parallel universes. Hedge funds cater to the wealthy, luxuriate in secrecy and relish risky tactics, such as selling stocks short and employing borrowed money to magnify their bets. Mutual funds […]
Reuters, Dow Jones Veteran Joins LIM to Head Global Sales
HedgeCo.net – CHICAGO, January 10, 2006 – Logical Information Machines (LIM), aleading provider of data, analytics, and research to the world’s largestasset managers, banks and energy concerns, today announced that WilliamG. Cassato has joined the firm as Vice President of […]
Fairfield Greenwich Group Adds Investment Professional, Doug Reid
HedgeCo.net – January 10, 2007. Fairfield Greenwich Group, a global alternative asset management firm with over USD $11 billion assets under management, today announced that it has added a seniorprofessional to its team at the hedge fund specialist’s New York […]