Monthly Archives: May 2006

Bloomberg – Mayur Ajmani bought copper last month only to see $11,000 of his investment vanish in an hour when the metal had its biggest decline May 15 since 2004. “The loss was about the same as my entire salary […]

Washington Post – How does someone put $425 million of a university’s hard-earned endowment into hedge funds, corporate buyout partnerships and real estate? Very slowly and carefully. That’s how Lawrence Kochard is approaching his job two years after Georgetown University […]

Belleville News-Democrat – Hedge-fund managers sit in the investment world’s sweet spot, though it may be getting late in the game. Successful hedge-fund managers can earn untold riches employing investment strategies that range from buying common shares and influencing public […]

Reuters.uk – 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 lost […]

Financial Times – Unusually high levels of derivatives-related trading by banks and hedge funds appear to be contributing to the sharp sell-off and volatility in some of the world’s equity markets. The volume of trading in FTSE 100 futures contracts […]

Reuters – Scrambling for business, trying to attract hedge funds and changing ownership — currency trading platforms are having a busy year. Signs of increasing volume in the global foreign exchange markets — $1.9 trillion a day at the last […]

Bradenton Herald – A hedge fund manager who has been missing for three months since he was accused of defrauding hundreds of investors, including several famous athletes, was arrested at a MiamiBeach hotel Wednesday, FBI officials said. Kirk Wright, of […]

New York Post – After months of courtship, Lehman Brothers landed George H. Walker IV – a gilded Goldman Sachs partner and President Bush’s second cousin – as head of its huge asset managementbusiness. That division, which has almost $200 […]

Reuters – Richmond Group Fund Ltd., a $150 million hedge fund group specializing in currency trading, on Wednesday said its Global Currency Program fund returned 8.31 percent for April due to U.S.dollar declines against other currencies. The Manakin-Sabot, Virginia-based investment […]

Reuters – Pension funds invest only a small fraction of their assets in hedge funds even as these lightly regulated portfolios pull in billions of dollars in new assets every month, a study releasedon Wednesday showed. Hedge funds made headlines […]

Seeking Alpha – New 10% Owner/Continued Institutional Buying for Movie Gallery (MOVI): A hedgefund that concentrates on special situation investing in financially troubled and distressed clients has increased its stake in Movie Gallery (MOVI), buying the stock on the same […]

Forbes – Bundesbank board member Edgar Meister said hedge funds should open up their books for public grading by rating agencies and introduce a code of conduct so as to makethe industry more transparent. In an interview with the Financial […]