Monthly Archives: March 2006
Short-term funds may buy less commods after BOJ
Reuters – A potential rise in yen borrowing costs after Japan’s tiny step toward monetary tightening could slow short-term money inflows into commodities, but longer-term investors such as pensionfunds will probably keep on buying. The Bank of Japan’s decision on […]
Do You Keep Picking the Wrong Funds?
MSNBC – In an article last year, Slate.com writer Daniel Gross tackled why so many investors fare poorly in mutual funds, expounding on a study by economists Andrea Frazzini of the University ofChicago Graduate School of Business and Owen Lamont […]
Old Mutual-Skandia deal reflects hedge-fund role
MarketWatch – Late into dinner with investment bankers at the upscale Stockholm restaurant Divino in mid-November 2004, Swedish hedge fund investor Christer Gardell got the call he was waiting for: Carl Icahn was agreeing to invest in Sweden’s oldest listed […]
Feb. hedge funds returns shrink after strong Jan
Reuters – Hedge funds delivered only tiny gains in February after starting the year off with strong returns in January, according to data released on Wednesday. During the second month of the year, when the broader market was mostly flat, […]
Hedge funds lead fund firms to stockmarket
Reuters Italia – A number of European fund management firms, led by hedge funds, are listing on stock markets this year, giving investors more public information to judge performance and industrytrends. They are adding to what has been only a […]
Bank moves to buy hedge fund firms may hit returns
Reuters Italia – An increasing number of big banks and insurers are swallowing hedge fund firms so they can offer such services to institutional clients, but the takeovers may end up cutting returnsto the funds’ investors. Financial companies now see […]
Fortis Says It Cut Jobs Among Top 3,000 Managers
Bloomberg – Fortis, Belgium’s biggest financial-services company, dismissed some of its 3,000 top managers as Chief Executive Officer Jean-Paul Votron implements a plan to improve leadership and make savings. Among the management group, “less than 10 percent” have left Fortis, […]
Arcelor CEO wants to fend off Mittal takeover, but sees industry consolidation
Forbes – Arcelor SA still believes it can fend off the Mittal Steel Co NV takeover bid, but does see the need for consolidation in the steel industry, chief executive Guy Dolle said according to the pre-release of an interview […]
Algoma resolves hedge fund fight
Globe and Mail – Algoma Steel Inc. ended a nasty battle with a New York hedge fund Tuesday by agreeing to pay a $200-million special dividend, appoint new directors and continue to pursue a potential sale or merger. The truce […]
Hedge fund manager’s hearing set next week –
Rocky Mountain News – The first hearing in a federal case against the hedge fund manager accused of hiding massive losses from hundreds of investors, including a few former Denver Broncos players, isset for next week. Kirk Wright, the founder […]
Overstock Wins California Court Ruling To Proceed With Case Against Hedge Fund
Trading Markets – Tuesday evening, Salt Lake City-based online retailer, Overstock.com, Inc. (OSTK | charts| news | Powerrating), reported a favorable court ruling in its ongoing lawsuit against research firm Gradient Analytics and hedge fund RockerPartners. According to the report, […]
Reservoir Capital invests $100M in new hedge fund
Investors Business Daily – Reservoir Capital Group, a $2.8 billion hedge-fund firm, has invested $100 million in Octavian Advisors LP, a new fund that will sniff out “special situations” in overseasmarkets. Octavian will be run by Richard Hurowitz and Gregory […]