Monthly Archives: May 2008
Road to hedge fund riches is rockier now
Reuters) – Starting a hedge fund was long considered the road to riches for money managers, but the path has become much rockier in the last months. "It is materially harder to start a hedge fund today than it was […]
HSBC funds arms to rebrand
Reuters- More merger and acquisition activity among fund firms is likely as the industry faces up to a tough 2008, said Mark McCombe, head of HSBC’s asset management arm, which is to rebrand next month. McCombe, chief executive of what […]
Macro hedge funds post double-digit returns
Wealth Bulletin- Macro hedge funds that place bets based on views of the global economic outlook have shown returns of more than 12% this year, outperforming the S&P 500 index by about 17%, data from Hedge Fund Research revealed, according […]
Arbah Global launches Nanotechnology Fund
Gulf Daily News – A fund designed to tap into the potential for development of molecular and atomic-sized particle technology was launched at the 4th Annual World Islamic Funds and Capital Markets Conference yesterday. Arbah Global, a Bahrain-based investment arm […]
Hedge Fund Crescendo Partners gives a jolt to Cott shares
New York (HedgeCo.Net) – Soft-drink maker Cott Corp. has gotten a vote of confidence from hedge fund Crescendo Partners, along with a boost in share value. Crescendo has raised its stake to 8.7% in the struggling company, and will meet […]
Funds of hedge funds eye lending opportunities
Reuters- Managers of funds of hedge funds are finding good investment opportunities in strategies that fill the gap left by banks hamstrung by the credit crisis, according to S&P Fund Services. Funds that invest in a basket of hedge funds […]
TCI buys shares in Mizuho, Kajima in J-Power fight
Reuters- British investor The Children’s Investment Fund (TCI) said it had bought stakes in Mizuho Financial Group, Kajima Corp, and about eight other shareholders in J-Power, in order to raise pressure on the electricity wholesaler. Mizuho, Japan’s second-largest bank, and […]
Ex-NFL player’ suit to move ahead despite suicide
CNN Sports Illustrated- A former hedge fund manager’s suicide has no effect on a lawsuit filed by six former NFL players against the league and its players union over $20 million they say they lost in an investment scheme, an […]
Hedge Fund Suicide
West Palm Beach (Hedge Co.Net)- Kirk Sean Wright, CEO of hedge fund International Management Associates of Atlanta hanged himself in a Union City jail cell Saturday night. Wright was convicted by a federal jury on 47 counts of mail fraud, […]