Monthly Archives: June 2010
UCITS Hedge Funds Still Up 0.8% After Week of Losses
New York (Hedge Co.net) – The UCITS Hedge Fund Strategy Index is still up by 0,08% in June 2010 (by business day 10, June 14th 2010) after a week full of losses. Out of the eleven strategies only two were […]
Hedge Funds Dodge European Proposal With ‘Newcits’
Bloomberg – Guy Hurley said he’s not sweating European plans for new hedge-fund rules after leaving Bank of America Corp.’s Merrill Lynch & Co. a year ago to start an onshore fund that uses strategies such as merger arbitrage. “It’s […]
Man Group Won’t Make Significant Purchases After GLG
Bloomberg – Man Group Plc, the largest publicly traded hedge-fund firm, doesn’t expect to make “significant” acquisitions after its purchase of GLG Partners Inc., Chief Executive Officer Peter Clarke said. “It is effectively job done for our liquid trading strategies,” […]
UAW Fund: $45 Billion For Investing
WSJ – So far, the goal is to make the fund more conservative and liquid, which means scaling back so-called alternative investments that came with the car makers’ assets. These include $2 billion in five hedge funds of funds, $380 […]
Madoff Feeder Fund Claims Should Be Denied, SIPC Tells Court
Bloomberg – Investors who put money in hedge funds that fed money to Bernard Madoff’s business should be denied claims for repayment because they weren’t direct customers of the con man’s firm, the Securities Investor Protection Corp. said in a […]
Blackstone’s Wien Says Hedge Fund Returns May Halve
Bloomberg – Byron Wien, vice chairman of Blackstone Group LP’s advisory services division, said hedge fund returns may shrink by half as firms seek to protect investors’ capital. Returns may drop to 10 percent from 20 percent as funds lose […]
UPDATE: People Moves: Tim West Joins UK Hedge Fund as Deputy CEO
New York (HedgeCo.net) Tim West has joined £6 billion UK alternative investment manager Future Capital Partners, as its new Deputy Chief Executive. Tim joins from Babcock and Brown where he was Head of the London office and Chief Operating Officer […]
Hedge funds sweeping through beleaguered ethanol industry for bargains
The Seattle Times – A mile down an unpaved road on the outskirts of Canton, Ill., population 14,500, stands a shuttered ethanol plant. Corn farmers in the area chipped in $5,000 to $300,000 each — some even mortgaged their farms […]
Swiss fund assets down as investors flee equities
Reuters – Swiss mutual fund assets fell for the first time in half a year in May as the euro zone debt crisis impelled investors to pull money from equities and seek safety in gold and bonds, Lipper data show. […]
Hedge Fund Manager Irwin Sees Value in Resources, Gene Simmons
Bloomberg – Hedge-fund manager Warren Irwin isn’t fussy when it comes to finding growth opportunities for his Rosseau LP, which has the best five-year return among 80 funds in its class worldwide, according to BarclayHedge Ltd. Irwin has invested in […]
May losses cloud hedge fund summit in sunny Monaco
Reuters – The European hedge fund industry’s top brass meet in glitzy Monaco this week for their annual summit, after a turbulent May that has taken some of the shine off an industry recovering from its worst ever crisis. Executives […]
E.U. Said to Consider Hedge-Fund Compromise
NYT – The European Commission has tabled a suggested compromise on recent moves to ramp up regulation of hedge funds operating in the European Union, The Wall Street Journal reported, citing European officials familiar with the matter. The proposed plan […]