Tag Archives: hedge funds
Northern Trust Named Best Overall Hedge Fund Administrator
New York (HedgeCo.net) – Northern Trust has been named the Best Overall Hedge Fund Administrator by HFMWeek in the magazine’s inaugural U.S. Service Provider Awards. The awards recognize companies that have outperformed their peers during 2008-2009 and demonstrated financial progress, […]
Galleon paid Wall Street banks millions for “edge”: report
Reuters – Hedge fund firm Galleon Group, whose founder has been charged with insider trading, paid $250 million to its Wall Street banks last year and in return received market information that other investors did not get, the Financial Times […]
Galleon Wind-Down Of Hedge Funds Is ‘Largely Complete’ -Source
WSJ – Galleon Group’s liquidation of its hedge funds’ portfolios is “largely complete,” a person familiar with the matter told Dow Jones Newswires on Tuesday. The person said that the liquidation was done under “very difficult conditions,” considering Raj Rajaratnam’s […]
Hedge Fund Shareholder Appointed To Legg Mason’s Board Of Directors
New York (HedgeCo.net) – $703 billion global asset management firm, Legg Mason, announced today that an outstanding shareholder, hedge fund manager Nelson Peltz, will be elected to the Company’s Board of Directors, Peltz is Chief Executive Officer and a founding […]
Palestinians plan to boost housing by investing in City hedge funds
Guardian.co.uk – Palestinian house builders on the West Bank could benefit from an influx of cash if plans by the $900m (£552m) Palestine sovereign wealth fund to invest in London-based hedge funds go ahead. The Palestine Investment Fund (PIF) is […]
Touradji Beaten by Commodity Indexes; Funds Lose Edge
Bloomberg – Hedge fund managers are trailing benchmark commodity indexes by the widest margin in four years after copper doubled and oil surged 58 percent. Touradji Capital Management LP, the second-biggest in commodities, earned 7 percent in its largest fund […]
Galleon Wiretaps Rattle Hedge Funds as Insider Trading Targeted
Bloomberg – First came the biggest bear market since the 1930s, then Bernard Madoff’s $65 billion Ponzi scheme and the threat of increased regulation. Now hedge funds have a new concern: getting caught on tape as the government expands its […]
ECB says EU hedge fund plans could spark exodus
Reuters – The European Central Bank has warned that EU plans to tighten regulation of hedge funds and other alternative investors risk creating a two-tier playing field that could drive the industry out of Europe. European governments and the European […]
Hedge fund crackdown softened by Swedes
Guardian.co.uk – Sweden is trying to water down moves to toughen regulation of hedge funds and private equity firms before its EU presidency expires at the end of the year. In new proposals the Swedes have suggested withdrawing a cap […]
Hedge-Fund Assets Rose $34 Billion in September on Market Gains
Bloomberg – Hedge-fund assets increased by about $34 billion in September, a fifth straight monthly gain, helped by improved investor confidence and global stock market gains, Eurekahedge Pte said. Net inflows into hedge funds totaled $15.1 billion in September, while […]
Rajaratnam Out On Bail, Winds Down Hedge Funds In Letter to Clients
New York (HedgeCo.net) – In a letter first made public by Reuters today to Galleon employees and clients, Raj Rajaratnam, who has been released on bail, said “I have decided that it is now in the best interest of our […]
Morningstar’s Preliminary Third Quarter Hedge Fund Performance Report
New York (HedgeCo.net) – Hedge funds are recovering rapidly in 2009, Morningstar reported in their preliminary hedge fund performance study for the third quarter of 2009. “Paced by an exceptionally strong September, hedge funds began to regain their swagger in […]