Monthly Archives: May 2009
Improving Hedge Fund Industry Corporate Governance
Seeking Alpha – I saw today a very interesting article in the FT about the discussion going on at the SEC about a rule allowing US investors to nominate company directors. Companies at present nominate their own directors. Shareholders have […]
FoHF gain liquidity tool
Financial Standard – Australian fund of hedge fund managers can manage liquidity levels in real time after Northern Trust enhanced the firm’s Hedge Fund Monitor product. The feature, which is available via Northern Trust’s relationship with youDevise, allows the fund […]
Consolidation looms for Swiss funds of hedge funds
Reuters – Many of Switzerland’s smaller fund of hedge funds providers could be forced to consolidate in order to cover increasingly onerous expenses if they are unable to attract significant assets, a Swiss academic said on Monday. The small average […]
Hedge fund titan plans to launch new mutual funds at AQR
Wealth Bulletin – AQR Capital Management intends to launch a line-up of mutual funds next month that will use a hedge-fund strategy developed in 1989 by founder Clifford Asness as a doctoral student in finance at the University of Chicago, […]
Elliott Associates, Hollywood Power Player
msnbc.com – He is hardly your average movie investor. He cultivates his privacy, and he heads a $13 billion hedge fund that, unlike those run by Carl Icahn and others, rarely mounts a proxy fight. But while most Hollywood bankers […]
New York cutting firms tied to pension flap from doing business with fund
New York Daily News – State Controller Thomas DiNapoli is booting 10 hedge fund managers from doing business with New York’s scandal-scarred $122 billion pension fund, the Daily News has learned. Four of the 10 firms were listed, but not […]
Hedge-Fund Titans Hear Chanos, Einhorn, Raise Funds for Cancer
Bloomberg – At last year’s Ira W. Sohn Investment Research Conference, Greenlight Capital Inc.’s David Einhorn told an audience of hedge-fund managers that Lehman Brothers Holdings Inc. wasn’t disclosing the whole truth about its finances. Four months later, Lehman filed […]
Opalesque Exclusive: Review of hedge fund launches, closures, indices, trends, regulatory and legal events – week 21
Opalesque – Last week, we heard of fund launches from Galena (energy); Verulam (commodity); Twin Tree; Paulson & Co (distressed property); Abax (Asia macro); Odey (Ucits III); Pictet (agriculture); and Liontrust (European). The Canadian Hedge Watch Hedge Fund Composite Index […]
U.N.’s Ban urges business to back climate policies
Reuters Copenhagen – Business leaders met in Denmark to try to unite behind a common call for long-term climate policies, ahead of a U.N. conference in December meant to forge a new climate treaty to replace the Kyoto Protocol. "For […]
Move Over, Black Boxes: Brains Are Back
Wall Street Journal – Quantitative fund managers, who use computer models rather than human judgment to pick securities, have seen their world turned upside down by the credit crisis. The first generation of managers and their models have moved on: […]
Unison Capital raises Aderans share offer by 20%
Reuters Tokyo – Japanese equity fund Unison Capital said on Monday it has raised its planned offer for shares in wig maker Aderans Holdings by 20 percent to 1,200 yen per share. Unsion Capital and Aderans are locked in a […]