Monthly Archives: March 2006
Needham sees bright side of tarnished firms
Seattle Times – Vincent Gallagher and James Kloppenburg put together the second-best performance among U.S. growth mutual funds during the past decade by buying shares of companies in financial orregulatory turmoil. Now, the managers of the Needham Growth Fund are […]
Hedge fund firm Dexion explores carbon emissions
Reuters Italia – Overcrowding in traditional markets and the quest for higher returns has prompted hedge fund firm Dexion Capital to look further afield, at carbon emissions and electricity tradingand reinsurance. Too much money chasing the same few opportunities in […]
Paul Myners, Former Gartmore Chief, Joins Hedge Fund
Bloomberg – Paul Myners, chairman of U.K. retailer Marks & Spencer Group Plc and former head of Gartmore Investment Management, is joining Liberty Ermitage Jersey Ltd. and buying a stake in the hedge fund company. Myners, who’ll become chairman of […]
Hedge fund operator gets prison
San Diego Union Tribune – Ricky Dale Fenney, a hedge fund operator who defrauded investors of more than $2 million, was sentenced to three years, one month in federal prison. He pleaded guilty to wire fraud Dec. 20. Between 2001 […]
Funds chase profit in booming Asian infrastructure
NDTV.com – Global money managers are stepping up efforts to profit from Asia’s infrastructure boom, lured by the prospect of billions in spending on everything from new roads and ports to railwaysand power grids. From mutual funds aimed at average […]
BU graduate in hiding after taking money and running
Sun and Press – Here’s a Binghamton University alumnus who won’t be listed with Tony Kornheiser, Paul Reiser, Billy Baldwin or Camille Paglia as distinguished graduates. You won’t read about him in the university’s Alumni News or its weekly newspaper. […]
Women in hedge funds wield power, for a cause
Seattle Post Intelligencer – Leslie Rahl has been running a hedge fund advisory firm for a dozen years, after a long career running the derivatives desk at Citibank. A typical day might be spent meeting with clients from Japan and […]
Hedge funds see greener pastures outside US
Reuters – Hedge funds trying to boost pedestrian returns must look beyond stable U.S. equity and bond markets to Europe and Asia, where they can exploit greater volatility, industry officials say. The $1.1 trillion hedge fund industry thrives on volatility, […]
Hedge fund firm Dexion explores carbon emissions
Reuters Italia – Overcrowding in traditional markets and the quest for higher returns has prompted hedge fund firm Dexion Capital to look further afield, at carbon emissions and electricity tradingand reinsurance. Too much money chasing the same few opportunities in […]
Hedge fund blowups not scaring investors yet-study
Reuters – Hedge fund blowups make for scary headlines but so far they have not frightened investors into looking more closely at how these slightly regulated funds operate before putting money in,new research shows. In Georgia, investors last week hired […]
Funds rush into Bulgarian property placing
CityWire.co.uk – Top fund managers have piled into Bulgarian Property Developments (BPD) in a share placing to raise £75 million to develop several property sites in Bulgaria. New Star’s Paul Craig is one manager who has taken advantage of the […]
Activists Score One at Brink
Street.Com – Activist investors don’t always prevail. But in the case of Brink’s (BCO:NYSE – news – research – Cramer’s Take),they’re celebrating a victory. Following a round of activist activity, on Wednesday the company authorized a “Dutch auction” self-tender offer […]