Monthly Archives: May 2008
The Bank of New York Mellon Acquires LAMP Technologies LLC, a Fund of Hedge Funds Administrator
PRNewswire – The Bank of New York Mellon, a global leader in asset management and securities servicing, announced today that it has acquired the fund of hedge funds administrative services business of LAMP Technologies LLC, a Dallas-based alternative investment administrator. […]
Rebounds by Hedge-Fund Stars Prove ‘It’s a Mulligan Industry’
Jeffrey Larson lost $1.5 billion for his hedge-fund investors in a few painful weeks last summer. He shuttered Sowood Capital Management LP in July, one of the more embarrassing meltdowns in recent memory. So what are the 50-year-old Mr. Larson’s […]
Hedge fund GLG hits investors with exit fee
GLG Partners, the London hedge fund, has imposed a set of exit charges of as much as 5 per cent on any investor who wants to pull their assets out of Greg Coffey’s benchmark $4.5 billion emerging markets fund before […]
Multi-manager Focus Capital launches emerging markets hedge fund
Thomson Investment News – Focus Capital, the emerging markets multi-manager, on Monday opened investment to a hedge fund that invests in multiple emerging market asset classes. The Focus Capital Emerging World Fund seeks absolute returns from emerging markets irrespective of […]
Fidelity funds accumulate 5.2 pct of Israel Chem
Reuters – U.S. fund manager Fidelity has accumulated a 5.2 percent stake in Israel Chemicals, the maker of fertilisers and specialty chemicals said on Monday. ICL issued to the Tel Aviv Stock Exchange a copy of a letter it received […]
Regulation costs ‘to double by 2010’
The Telegraph – The cost of regulation affecting the world’s biggest financial firms is likely to almost double by 2010 and was soaring even before the credit crisis, new research indicates. Regulation and compliance expenditure by the world’s leading 100 […]
Hedge funds gain seats on board of Charming Shoppes Inc.
HedgeCo.Net (West Palm Beach) – The battle between Charming Shoppes Inc. and the two hedge funds who wished to gain control the company has finally come to an end. A settlement was reached at the Annual Meeting of Shareholders yesterday, […]
Sprott Hedge Fund May Rise After Raising C$200 Million in IPO
Bloomberg – Sprott Inc. may rise after the mining and energy hedge fund run by investor Eric Sprott raised C$200 million ($197 million) in the biggest Canadian initial public offering in five months. The 20 million shares were sold at […]
Lampert, Wood Reveal Failings of `Concentrated’ Hedge-Fund Bets
Bloomberg – When Jon Wood opened his Monaco-based hedge fund, the former UBS AG trader told investors he’d beat the market by buying stakes in no more than 40 companies — the same way he made $2.4 billion in six […]
Hedge fund SRM leads legal fight over Rock deal
The Independent – SRM, the hedge fund that was Northern Rock’s biggest shareholder, has joined forces with 150,000 small investors to mount a legal action against the Government over the nationalisation of the stricken bank. The Monaco-based fund and the […]
Bear Stearns says new suit seeks to block merger
Reuters – Bear Stearns Cos Inc disclosed on Thursday that some shareholders want a federal judge to block the troubled investment bank’s impending takeover by JPMorgan Chase & Co. According to a filing with the Securities and Exchange Commission, Cohen […]
KMUK launches its first Multi Strategy Equity fund
Kotak Mahindra (UK) Limited (KMUK), a 100 % subsidiary of India’s Kotak Mahindra Bank Limited announced the launch of the Kotak India Dynamic Fund whose objective is to generate an absolute return of 20% per annum irrespective of market direction […]