Monthly Archives: May 2006
Citigroup forecasts end to share distortions
MSNBC – The recent distortions to equity prices that traders have created by adjusting their positions in derivatives based on market volatility should disappear in the next two to four weeks,Citigroup, the US bank, said on Tuesday. The bank said […]
Hedge funds get Europe’s scrutiny
Pittsburgh Post-Gazette – The popularity and high profile of hedge funds is prompting European governments to examine ways to curtail their rising power and to consider new rules for fund investors. The governments’ efforts are being championed by influential European […]
Saranac Capital Management to return $600 million in Investments
WEST PALM BEACH, FL (HEDGECO.NET) – Saranac Capital Management is to close after less than 18 months in business. The hedge fund started with $2.9 billion under management in December of 2004, butunimpressive performance saw investors withdraw their investments over […]
Market falls refresh hedge fund allure
LONDON (Reuters) – The recent sharp drop in equities markets is a timely reminder of the benefits of alternative investments like hedge funds, a senior Credit Suisse bank executive told Reuters in aninterview on Thursday. The hedge fund sector had […]
Tokyo shares outlook – Lower after markets worldwide plunge
Forbes – Share prices are expected to open lower as market sentiment is likely to be dampened by a retreat on Wall Street and other markets around the world, dealerssaid. On Wall Street overnight, the Nasdaq Composite Index fell 21.03 […]
Euronext faces shareholders with merger proposals
Reuters – Earlier this month, Euronext asked shareholders to vote against an agenda point at the shareholders’ meeting on the principle of a merger with Deutsche Boerse. And on Monday, the Paris-based company said a deal with the NYSE would […]
Hellman & Friedman May Acquire Gartmore, People Say
Bloomberg – Hellman & Friedman LLC, a buyout firm with a specialty in financial services, may buy London-based Gartmore Investment Management Plc, which oversees $78 billion, two people withdirect knowledge of the situation said. Hellman & Friedman, based in San […]
Stocks Are So 20 th Century
Slate – The newly public New York Stock Exchange just unveiled a $10 billion offer for Paris-based Euronext, which owns securities exchanges in France, Holland, Belgium, Portugal, and England. Meanwhile, Nasdaq last week announced it had amassed a 25 percent […]
Pension Funds to Invest in European Hedge Fund Growth
WEST PALM BEACH, FL (HEDGECO.NET) – Mercer Investment Consulting surveyed more than 570 European pension funds with $364bn under management. It found that some 13% of continental European and Irishpension funds invest in hedge funds, almost double the number in […]
Emerging Market Hedge Funds Pick Exotic Stocks
WEST PALM BEACH, FL (HEDGECO.NET) – Emerging market hedge funds who are investing in Exotic stocks, have started looking at the banks in the former Soviet republic of Georgia, companies in Kenya, oil refineries in the central Russian republic, and […]
Hedge fund manager looks for cash flows in Greater China
While there are plenty of investment opportunities in Greater China, one Hong Kong hedge fund manager says that finding under-researched, undervalued opportunities can offer good long-term upside. “You know these opportunities when you see them. Last year we were in […]
Hedge Fund, Alternative Asset Managers to Start Charity in Asia
Bloomberg – Hedge fund managers in Asia are showing their soft side by setting up a charity, the first of its kind in the region. Returns Invested in Children and Education, or RICE, will also raise money for minors in […]