Author Archives: the HedgeCo News Team
A hedge fund chief’s worries
International Herald Tribune – David Shaw, founder of the world’s largest hedge fund firm, said investment returns probably would worsen because of all the money pouring into the industry. “There’s an enormous amount of capital now chasing a smaller […]
Thomas H. Lee Announces Separation From Thomas H. Lee Partners
PR Newswire (press release) – Thomas Lee today announced his departure from Thomas H. Lee Partners, L.P., the private equity firm that he founded in Boston in 1974. Mr. Lee said that he intends to reenter the private equity field […]
Pension officials defend strategy Hedge funds cut risk in portfoliio
Boston Globe – State pension officials defended their moves into hedge funds yesterday, presenting numbers showing the investments have reduced the risk in the portfolio of thousands of public-sector retirees. Secretary of State William Francis Galvin voiced concern on […]
Irish regulator pulls plug on hedge fund
The Irish financial watchdog has ordered Dublin-domiciled hedge fund group Broadstone Fund Management to cease due to “serious regulatory issuesâ€Â. A spokesman for the Irish Financial Services Regulatory Authority told IPE it ordered the group – which operates three hedge […]
Hedge fund says Delphi’s outlook is artificially dire
MarketWatch – A hedge fund seeking an official voice for shareholders in Delphi Corp.’s (DPHIQ) bankruptcy case told a federal judge Tuesday the company was using old financial data that make its prospects look artificially dire. Appaloosa Management L.P., one […]
FSA Confirms Funds of Hedge Funds to be fit for UK Retail Market
The Alternative Investment Management Association (AIMA) – the global hedge fund and alternative investment industry association – has today welcomed the Financial Service Authority’s (“FSAâ€Â) recommendation to allow UK retail investors to invest in funds of hedge funds. The FSA […]
Senate to hold hearings on hedge funds
MSN MoneyCentral – A US Senate Banking panel is gearing up to hold hearings as early as next week into hedge funds and how their explosive growth is influencing markets. The Senate Banking Subcommittee on Securities and Investment, led by […]
Hedge funds getting fat on mergers
CNN Money – Thanks to a spate of blockbuster deals, hedge funds that bet on mergers are on a tear, making almost as much money in the opening weeks of 2006 as they did in all of 2005. These hedge […]
London a fast growing hedge fund centre
Reuters – Hedge fund assets managed in London rose 18 percent to $225 billion last year, making the British capital one of the fastest growing centres for the industry, International FinancialServices London said. But, IFSL’s survey showed that asset growth […]
The City challenges United States as it doubles share of hedge fund assets
Times Online – LONDON is steadily eroding America’s dominance in hedge funds, with the City now home to a fifth of fund assets under management, according to International Financial Services London(IFSL). As London’s share of global assets has doubled in […]
Long and short of it: hedge funds best
AUSTRALIA’S equity hedge funds bested the broad market and their struggling international peers last year – returning 17.47 per cent on average, according to figures recently published by LCA Publications in its Australia Hedge Quarterly. That return not only beat […]
Germany’s BVK to allocate 1bn to hedge funds
IPE.com – Bayerische Versorgungskammer (BVK), Germany’s largest pension fund with €38bn in assets, plans to raise allocations to hedge funds to €1bn by the end of 2006 – from €150m currently. In late 2004, BVK decided to begin investing in […]