Monthly Archives: May 2007
French Criticism of Hedge Funds
Gulf News- If there is one thing that unites both candidates in France’s presidential run-off last week, it is a shared belief that Anglo Saxon hedge funds are the great villains of modern civilisation. Nicolas Sarkozy, the neo-Gaullist favourite, has […]
Blackstone To Launch 2 Funds Of Hedge Funds
Blackstone Group LP is planning to raise up to $2 billion for two new funds of hedge funds, according to recent reports, the Blackstone Strategic Alliance Fund LP and the Blackstone Strategic Alliance Offshore Fund Ltd. Blackstone said in April […]
Integra FX Hedge Fund Launch
Integra Investment Management announced the launch of their new hedge fund, the Integra FX2 Master Fund L.P., with $10 million of their own money at launch, the new hedge fund opened its doors April first, 2007. The new fund was […]
Big Names, Big Wallets, Big Cause
New York Times- Even in charity, the titans of hedge funds and private equity do nothing small. At the 2007 Robin Hood benefit this week, two people paid $400,000 each to sing a song with Aerosmith. A package that includes […]
Hedge Funds Return to Wall Street
MSN MoneyCentral- A growing band of independent hedge fund executives are returning to Wall Street, where many of them first cut their teeth, as the search for long term capital, the desire to buildmore than a short-term money-making machine and […]
Rothschilds opens up fund of hedge funds
CityWire.co.uk- Rothschild Group has made its fund of hedge funds tax efficient for UK investors by launching apreference share version of the fund. The Nemrod Sterling Fund Linked Preference Share fund launched on the Channel Islands stock exchange at the […]
UBS to Shut Hedge Fund Unit; First Quarter Profit Falls
CNBC- Swiss bank UBS moved towards closing its Dillon Read Capital Management hedge fund arm in a shock move and said first quarter net profit at the bank declined,falling short of expectations. UBS said on Thursday its investment banking division […]
Hedge Funds Turnover Qantas
NEWS.com.au- Hedge funds trying to cement a position ahead of the Qantas takeover result caused massive turnover in the stock yesterday. The domestic and international funds are estimated to hold about 40 per cent of the stock, with UBS and […]
Hedge Funds May Pose Huge Market Risk:
Reuters- Hedge funds may now pose the biggest risk of a crisis since 1998, when the implosion of Long-Term Capital Management threatened the global financial system, the New York Federal Reserve saidon Wednesday. The statement represented the bank’s sternest warning […]
Citigroup to Acquire Bisys for $1.45B
Forbes- Citigroup Inc. said Wednesday it agreed to buy Bisys Group Inc. in a $1.45 billion deal meant to bolster the New York-based bank’s services catering to private equity investors, mutual fundsand hedge funds. Bisys, based in Roseland, N.J., performs […]
BNP Buys Into Canadian Hedge Fund Subsidiary
BNP Paribas and the National Bank of Canada announced in a press release today that BNP Paribas has acquired a stake in Innocap Investment Management Inc., a subsidiary of National Bank of Canada, which specializes in hedge fund managed accounts. […]
RBC Hedge Fund Index Up for March
RBC Capital Markets reported that for the month of March 2007 the RBC Hedge 250 Index had a net return of 0.87%. This brings the year-to-date return of the Index to 2.86%. These returns are estimated and will be finalized […]