Monthly Archives: June 2011
Hedge funds back Moss Capital to run Charter Hall
The Australian – A trio of hedge funds are proposing that Moss Capital — founded by the former head of Macquarie Group’s property business Bill Moss — become the new manager of the Charter Hall Office REIT. The hedge funds, […]
Summer Issue of aiCIO: Hedge Funds of Funds Must Adapt or Die
” The End of the 3 and 30 “, from the summer issue ofaiCIO, published today, looks at how hedge funds of funds must adapt or perish, and concludes that a large number will fold regardless of what they do. […]
S.Korea revises regulations to allow homegrown hedge funds
Reuters – South Korea said on Thursday it would revise capital market regulations to allow homegrown hedge funds, betting the move would grow its financial industry, improve market liquidity and encourage funds into new business areas. The revision comes after the […]
Hedge Fund Launches: Direxion’s Five New Leveraged and Inverse ETFs
Direxion, a pioneer in providing alternative investment strategies to sophisticated investors, is launching five new Direxion Daily ETFs to its existing lineup of multi-directional funds. The new ETFs include: Bull and Bear funds that seek 300% of the daily performance, […]
Single-Family Offices Planning to Increase Hedge Fund Allocations
New York (HedgeCo.net) – The Rothstein Kass Family Office Group, a division of global professional services firm Rothstein Kass, has published an extensive study of the evolving relationship between the single-family office (SFO) and investment management sectors. “Raising Capital from […]
Washington Hedge Fund Pegasus Settles With SEC
New York (HedgeCo.net) – Washington-based hedge fund manager Pegasus Investment Management LLC (PIM) has agreed to pay a total of $165,000 to settle a SEC charge of failing to disclose to fund investors its receipt of cash payments from a third party. […]
Euro drops as Greece wrangling sours mood
Reuters – The euro came under renewed pressure on Wednesday as markets refocused on the euro zone’s debt problems after Moody’s threatened large French banks with possible downgrades, while hedge funds bet on further drops in the currency. The step, […]
Einhorn Could Get Control Of New York Mets For $1
Forbes – In three years hedge fund manager David Einhorn could gain control of the New York Mets for $1. Last month Einhorn and the owners of the MLB team, Fred Wilpon and Saul Katz, came to terms on a deal in […]
WaMu talks with shareholders collapse: source
Reuters – Settlement talks with Washington Mutual Inc shareholders to end their objections to the company’s proposed reorganization have collapsed, sources told Reuters on Wednesday. Washington Mutual has been negotiating with creditors and shareholders to end its bankruptcy and get wide […]
Family Offices Look to Add More Hedge Funds
DealBook – Ever since the financial crisis hit, small hedge funds have been under a cloud. They’ve struggled to raise money more than their bigger brethren, who appeal to investors looking for the safety of size. Big funds also benefit […]
CQS to Restrict Investments in Fund When Assets Hit $2 Billion
Bloomberg – CQS U.K. LLP, the London-based firm founded by Michael Hintze, plans to restrict new investments into a hedge fund that trades mortgage-backed securities once its assets under management reach $2 billion, according to a letter sent to clients. […]
People Moves: David Katz Joins Hedge Fund Seeder Larch Lane
New York (HedgeCo.net) – Larch Lane Advisors LLC has appointed David Katz as President and Chief Operating Officer. The addition of Katz to the Larch Lane team underscores the firm’s long-term commitment to providing advisory services focused on early stage […]