Tag Archives: reuters
Ex-Insight managers launch multi-asset firm
MONACO (Reuters) – Former Insight Investment fund managers Patrick Armstrong and Ana Cukic-Armstrong have launched a new fund management business that will invest in a broad range of assets and seek to beat inflation. The firm, Armstrong Investment Managers, will […]
Hedge fund leverage is returning
Hedge funds have begun to raise leverage levels again in recent weeks as prime brokers and other lenders become bolder about extending credit in more stable markets, a lawyer specializing in the sector said on Tuesday. Henry Bregstein, attorney at […]
Traditional art fetching good prices in recession
Reuters – Traditional works of fine art are fetching good prices despite the recession as buyers seek security and quality, industry insiders said this week at the Art Basel show. Film star Brad Pitt grabbed the headlines by splashing out […]
Battered hedgies see cause for hope at Monaco summit
Reuters – Hedge funds meeting for their annual get-together in Monaco next week are hoping recovering profits will help placate clients, after the industry was heavily culled and suffered its worst year on record. An exodus of investors followed a […]
Stock futures flat ahead of retail, jobless data
Reuters – Wall Street was set to open flat on Thursday, with investors eyeing retail sales and weekly jobless data for fresh insight into the state of the recession-hit economy. * Investors will watch a 30-year treasury note auction for […]
Hedge fund DE Shaw fires 25 support staff-sources
Reuters – DE Shaw & Co, one of the world’s largest hedge fund managers, fired about 25 administrative and support staff on Tuesday and reassigned other employees in an effort to boost efficiency, people familiar with the situation said. The […]
Guinness-backed hedge firm debuts alternatives fund
Reuters India – Hedge fund firm 47 Degrees North has launched a portfolio that will invest in funds in areas such as electricity, transportation and volatility arbitrage as it seeks fresh ways to sidestep falls in traditional markets. The firm, […]
Bramdean names Petersfield AM as bidder
Reuters – UK asset manager Bramdean Alternatives named Petersfield Asset Management Limited on Tuesday, as the bidder to rival the proposal by property tycoon Vincent Tchenguiz’s investment vehicle, Elsina, to oust its current board. Bramdean said in a statement that […]
Bill Ackman appointed to General Growth board
Reuters – Bill Ackman, founder of the Pershing Square hedge fund, has joined the board of bankrupt shopping mall operator General Growth Properties Inc, where he is a large shareholder. Ackman is the founder and managing member of the general […]
EU laws seen driving hedge funds from UK
Reuters UK – Some hedge funds will leave the UK if draft new European law is not changed, said one manager present at a meeting this week with the Treasury, in which the industry expressed grave doubts about the rules. […]
Argentina in contempt of court over defaulted sovereign bonds
MercoPress – US District Judge Thomas Griesa granted a contempt of court motion last week by bondholder Aurelius Capital Partners hedge fund, according to a transcript of a hearing in Manhattan federal court obtained over the weekend, reports Reuters. Lawyers […]