Monthly Archives: May 2007
Swiss Fund Moves Asia HQ to Singapore
Bangkok Post- Swiss-based RMF Investments has relocated its regional headquarters from Tokyo to Singapore to boost its activities in Asia, executives said Monday. RMF Investments, a fund of global hedge funds, is a core unit within the Man Investments group, […]
G8 Agrees On Self-Regulation for Hedge Funds
EU finance ministers agreed at the recent Group of Eight meetings to allow the hedge fund industry regulate itself through a voluntary code of conduct, the German finance minister Peer Steinbruecksaid. “We all agree that a regulatory approach is the […]
LTCM founder launching new hedge fund
Reuters- Eric Rosenfeld, a co-founder of collapsed hedge fund Long-Term Capital Management, is actively recruiting investment talent for a new quantitative investment fund, a person familiar with thesituation said on Wednesday. The fund, called Quantitative Alternatives, will employ computer-driven trading […]
Credit Suisse expands hedge fund team to advise global clients
Thomson Financial- Credit Suisse said its hedge fund advisory service will now be available to the bank’s private banking clients around the world with immediate effect. The service, a joint initiative between the bank’s private banking and asset management businesses, […]
Collapsed Hedge Fund Paying $716,000
Associated Press- Amaranth Advisors LLC, a hedge fund that suffered a spectacular collapse last fall and lost some $6 billion, has agreed to pay over $716,000 to settle charges of violatingsecurities rules, the Securities and Exchange Commission said Wednesday. Amaranth […]
Kassirer Hedge Funds Up for April
Kassirer Market Neutral Fund, a Cayman-based hedge fund primarily engaged in U.S. and Canadian merger arbitrage, earned 1.3% in April, another Kassirer hedge fund, the Kassirer Market Neutral Limited Partnership, earned 1.70% in April 2007. Mark Kassirer, CEO of Kassirer […]
Hennessee Hedge Fund Index Up for April
Hennessee Group LLC, an adviser to hedge fund investors, announced yesterday that the Hennessee Hedge Fund Index advanced +1.92% in April (+5.44% YTD). “While the strong equity markets have been a wind at the back of hedge fund performance, most […]
Citigroup to target hedge funds, SMEs
Daily Times- Citigroup’s Asian transaction services group, which booked a $588 million profit in 2006, plans to increase staff by 11 percent this year and boost revenue by targeting more hedge funds and small and medium enterprises (SMEs). The Asian […]
SEC probes Fairfax claims on funds tactics
Financial Times- The Securities and Exchange Commission is investigating claims made in a high-profile dispute between Canadian insurer Fairfax Financial anda group of powerful hedge funds that the company says used underhanded tactics to drive down its share price, according […]
Managers Pay More to Compete with Hedge Funds
Financial News Online US- Fund managers are being forced to pay their brokers more in commissions to compete with hedge funds for the sellside’s best ideas and service. The findings are one of the unintended consequences of unbundling of commissions […]
Fortress Acquires East Coast Industries For $3.5 Billion
Hedge fund investor Fortress Investment Group LLC has acquired Florida East Coast Industries, Inc. (FECI) for approximately $3.5 billion, according to a press release. The merger agreement wasunanimously approved by FECI’s Board of Directors. Upon completion of the transaction, FECI […]
CBRE, Reech Launch First of 6 Property Hedge Funds
Reuters- Property services firm CB Richard Ellis and derivatives specialist Reech AiM said on Tuesday they planned to launch a global series of 6 property hedge funds worth a total of 2.4 billion pounds ($4.79 billion). The two groups said […]